JD-SW, the Shenzhen-listed subsidiary of JD.com, saw its shares surge 7.87% in intraday trading on Wednesday. This sharp rise came amid a broader rebound in Hong Kong tech stocks:
The Hang Seng Tech Index climbed 4.1%, recovering from a previous selloff as investors regained confidence in the sector. Several major Chinese tech giants rallied, with JD.com itself jumping 8% on the day.
The tech rally was fueled by optimism around advances in artificial intelligence in China, as well as hopes that Beijing's recent meeting with corporate leaders signals an easing of the regulatory crackdown on the private sector.
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