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

Stock Track

Feb 21, 2025

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\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\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. 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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RLX","symbol_name":"雾芯科技","start_time":0,"source_url":"","article_id":"1173694736","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173694736","pubTimestamp":1740148896,"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":"RLX Technology Inc.  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  and exchange-traded funds tracking the nation's equities jumped overnight. 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