US Listed China Stocks Rally: Alibaba's Performance, President Xi's Support, DeepSeek AI Boost Investor Confidence - Alibaba Gr Hldgs (NYSE:BABA), XPeng (NYSE:XPEV)

Benzinga

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US Listed China Stocks Rally: Alibaba's Performance, President Xi's Support, DeepSeek AI Boost Investor Confidence - Alibaba Gr Hldgs (NYSE:BABA), XPeng (NYSE:XPEV)

U.S.-listed Chinese stocks trading higher in premarket on Friday as Chinese companies raise funds overseas and Alibaba reports strong quarterly results. Alibaba also plans to increase investments in Cloud and AI. Appaloosa Management's David Tepper bets big on Chinese stocks.

South China Morning Post

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Alibaba investors hail e-commerce giant’s AI pivot, major outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.

Revista Merca2.0

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Alibaba’s shares rose by 14% after announcing strong investments in AI. Alibaba will increase spending on cloud infrastructure and AI, seeking to develop general artificial intelligence (IGI). Alibaba’s growth is driven by the AI boom in China, collaborations such as Apple’s, and the surge in e-commerce sales. Alibaba’s shares experienced a 14% increase following the announcement of an “aggressive” investment in artificial intelligence (AI) for …