Hong Kong stocks surged | Alibaba Pictures (01060.HK) rose nearly 20% in the afternoon, the company plans to rename as Da Mai Entertainment, and its full-year adjusted EBITA profit increased by more than 60%.

According to the Securities Times app, Alibaba Pictures (01060.HK) surged nearly 20% in the afternoon, with a cumulative increase of over 50% in two days. As of the time of publication, it was up 14.75% to 0.7 Hong Kong dollars, with a trading volume of 5.33 billion Hong Kong dollars.