Gaotu Techedu Inc. (GOTU) surged 5.17% in pre-market trading on Tuesday, riding a wave of optimism surrounding Chinese tech stocks. The rally comes as the Chinese government signals a shift towards embracing the tech sector as a crucial driver of employment and economic growth, easing years of regulatory crackdowns.
The recent emergence of cost-effective AI models like DeepSeek, coupled with positive economic indicators, has fueled investor optimism about the growth potential of Chinese tech companies. This enthusiasm has translated into significant gains for key indices like the Hang Seng Tech Index, which has soared 27% over the past month.
Adding to the bullish sentiment, President Xi Jinping hosted a high-profile meeting with prominent entrepreneurs, including Alibaba co-founder Jack Ma, on Monday. Xi promised to abolish unreasonable fines against private firms and urged entrepreneurs to maintain their competitive spirit, a symbolic gesture of support for the once-marginalized private sector.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。