Stock Track | JD-SW Soars 5.01% as Chinese Tech Stocks Rally Fueled by AI Boom and Earnings

Stock Track

02-21

JD-SW saw its shares surge 5.01% on Friday, as part of a broader rally in Chinese technology stocks listed in Hong Kong. The stock's gains were driven by multiple factors:

Firstly, Chinese tech giants like Alibaba, Tencent, and Baidu are rapidly catching up in the global AI race after the success of local AI startup DeepSeek. This has reignited global investor interest in Chinese tech stocks with their relatively cheap valuations.

Secondly, strong earnings reports from major players like Alibaba and Bilibili boosted sentiment. Alibaba reported better-than-expected revenue and plans to invest more in e-commerce and AI, while Bilibili's adjusted earnings per share exceeded expectations.

Additionally, the rally was fueled by President Xi Jinping's recent meeting with tech leaders like Jack Ma, suggesting a more conciliatory stance from Beijing towards the private tech sector. This has raised hopes that foreign investment funds will regain confidence in Chinese equities.

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This has raised hopes that foreign investment funds will regain confidence in Chinese equities.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09618","symbol_name":"京東集團-SW","start_time":0,"source_url":"","article_id":"1124856347","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124856347","pubTimestamp":1740123416,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"JD-SW saw its shares surge 5.01% on Friday, as part of a broader rally in Chinese technology stocks listed in Hong Kong. The stock's gains were driven by multiple factors:. 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