Alibaba leads gains in Chinese tech shares amid a broader rally in AI-related equities.
Alibaba Group (BABA) climbed nearly 10% in early U.S. trading Wednesday, driving a rally in China’s tech and AI stocks. The e-commerce giant’s shares rose over 8% to $106 in premarket activity, outpacing peers.
Baidu (BIDU) advanced nearly 5% to $117.38, while JD.com (JD) gained 3% to $27.33. The gains follow a recent pullback in Chinese tech stocks after reports of regulatory scrutiny over AI model access.
The rebound reflects renewed investor appetite for China’s tech sector, though concerns over regulatory risks persist.