HK Stock Market Move | DAMAI ENT (01060) rose over 4% in the final trading session. DAMAI had a high participation rate in the Chinese New Year holiday. ALIBABA's Q&A platform recently integrated into ALIBABA's ecosystem.

DAMAI ENT (01060) rose more than 4% at the close, up 4.35% to HK$0.96 as of the time of writing, with a turnover of HK$201 million. On the news front, according to CCTV News, the Spring Festival box office movies are gearing up for release. Currently, four domestic films have announced their release dates: "Silent Alarm at Jingzhe," "The Escort: Wind Rising in the Desert," "Amazing Race 3," and "Boonie Bears: The Wild Life." China Securities Co., Ltd. pointed out that DAMAI ENT has a high participation rate in the Spring Festival market. Currently, both "Silent Alarm at Jingzhe" and "The Escort: Wind Rising in the Desert" are company-backed and are expected to be major releases. It is worth noting that on January 15th, Alibaba held a Thousand Questions App launch event, officially releasing Thousand Questions Assistant 1.0. This time, the Thousand Questions App has integrated services from platforms such as Taobao, Taobao Flash Buy, 1688, Hema, and ALI HEALTH, as well as including services from Gaode, Youku, DAMAI ENT, Alipay, and Cainiao. The business format not only covers Alibaba's e-commerce retail, but also involves local life, entertainment, payment, and logistics infrastructure. Northeast pointed out that Alibaba is laying out its offline entertainment market through DAMAI ENT, covering areas such as ticketing for performances, movies, and IP derivative businesses.