Stock Track | RLX Technology Soars Over 5% as Upbeat Earnings Lift Chinese Tech Stocks

Stock Track

02-21

RLX Technology Inc. (RLX) stock soared 5.17% in the pre-market trading session on Friday, outperforming the broader market amid a rally in Chinese technology shares.

The surge in RLX shares came as Chinese American Depositary Receipts (ADRs) and exchange-traded funds tracking the nation's equities jumped overnight. The rally was fueled by upbeat earnings from major Chinese tech giants like Alibaba Group Holding Ltd., which reported better-than-expected sales driven by its core e-commerce and cloud businesses.

The positive sentiment surrounding Chinese tech stocks has been building in recent weeks, with investors re-evaluating the sector's prospects after a breakthrough by local artificial intelligence startup DeepSeek. Analysts suggest that Alibaba's strong results and a recent meeting between founder Jack Ma and President Xi Jinping have also boosted confidence in the nation's private enterprises and capital markets.

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(RLX) stock soared 5.17% in the pre-market trading session on Friday, outperforming the broader market amid a rally in Chinese technology shares.</p>\n<p>The surge in RLX shares came as Chinese American Depositary Receipts (ADRs) and exchange-traded funds tracking the nation's equities jumped overnight. The rally was fueled by upbeat earnings from major Chinese tech giants like Alibaba Group Holding Ltd., which reported better-than-expected sales driven by its core e-commerce and cloud businesses.</p>\n<p>The positive sentiment surrounding Chinese tech stocks has been building in recent weeks, with investors re-evaluating the sector's prospects after a breakthrough by local artificial intelligence startup DeepSeek. 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