Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
Tencent Holdings (OTCPK:TCEHY) shares rose to their highest since 2021 on Monday after the Chinese tech firm said its WeChat messaging app (or Weixin in Chinese) has launched beta testing with Deepseek (DEEPSEEK),
Chinese tech stocks continued to be a bright spot in the stock market as the tech-heavy Nasdaq Composite fell slightly. Chinese officials have signaled they are open to supporting the sector as it becomes increasingly important for the struggling Chinese economy.
Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.
Alibaba, Tencent and other Chinese technology stocks surged Friday, lifting Hong Kong's Hang Seng Index to a near-three-year high. In the U.S. the Kraneshares CSI China Internet ETF, or KWEB, advanced.
Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.
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Investor's Business Daily on MSNAlibaba Stock Falls After China Tech Giant Pledges $52 Billion AI Spending PushAlibaba Cloud Revenue Accelerates. The big spending plans comes as investors are scrutinizing costs related to AI, particularly after China startup DeepSeek launched a powerful AI
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic
Chinese stocks reacted favorably after China's President Xi Jinping held meetings with Chinese tech and start-up leaders in a move indicating a more friendly approach to the sector. The meeting included Alibaba co-founder Jack Ma and DeepSeek founder Liang Wenfeng.
Alibaba, Futu, and Tencent all have strong potential. However, due to economic struggles and the Chinese government's influence, they are likely to be more volatile, so investors need to be aware of this and have the stomach to weather more erratic moves.
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. BABAF BABA jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and ...
Alibaba Group Holding's Q3 earnings beat expectations, and its AI and cloud investments position it well for long-term gains. Click to read why BABA is a Buy.
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