옵션 체인은 다양한 행사가격과 만기일에 대한 Tencent Holdings의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Tencent Holdings에 대한 시장 심리를 평가합니다..

Tencent Holdings (OTC:TCEHY) 주식, 옵션 체인

Tencent Holdings

TENCENT HOLDINGS ADR

Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

Portland,,Or,,Usa,-,Mar,6,,2025:,Homepage,Of,Manus,

News

Tech

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BABA

TCEHY

중국의 AI 경쟁이 가속화되는 가운데, 최근 주목받고 있는 자율 에이전트인 마누스AI는 알리바바 그룹(NYSE:BABA)의 큐원(Qwen) 팀과 협력하여 중국 사용자를 위한 현지화 버전을 개발하려고 한다.

중국의 AI 에이전트 마누스, 알리바바와 협력해 확장 계획 중

6 Best Chinese Stocks To Buy In 2024

Analyst Color

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ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

BIDU

TUYA

VNET

XPEV

월스트리트가 변동성과 경기침체 우려에 씨름하는 동안, 중국의 주식 시장는 급등하고 있다. S&amp;P 500 지수가 올해 들어 4.6% 이상 하락한 반면, 세 개의 중국 기반 주식은 인공지능(AI) 투자와 변동하는 투자자 심리로 인해 50% 이상 급등했다.

올해 들어 50% 이상 폭등한 중국 주식 3종 - 반면에 S&amp;P 500은 하락

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미국과 중국은 도널드 트럼프 미국 대통령과 시진핑 중국 국가주석의 6월 &#34;생일 정상회담&#34;을 위한 초기 협상을 진행하고 있다.무슨 일 있었나: 월스트리트저널에 따르면, 트럼프 행정부가 협상에서 우위를 점하기 위해 중국에 대한 관세 및 무역 조치를 강화하는 가운데 정상회담 논의가 이루어졌다.

트럼프와 시진핑, 무역 긴장 속 &#39;생일 정상회담&#39; 논의 중: WSJ 보도

TENCENT HLDGS UNSP/ADR by Tencent Holding Ltd.

Tencent Holdings Ltd

<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="500" height="280" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/20064115/DouYu-0320.png" alt="" class="wp-image-8357" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/20064115/DouYu-0320.png 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/20064115/DouYu-0320-300x168.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></figure>
The company's stock jumped 17% after it reported strong progress in moving beyond its legacy livestream gaming business, even as its quarterly loss swelled
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>DouYu's fourth-quarter revenue sank by 12% and its net loss more than doubled as its monthly average users fell 14% to 44.5 million</li>
<li>The company's revenue from advertising and other sources rose 63.6% last year to make up 28% of its revenue as it diversifies from its original livestream gaming business</li>
</ul>
Its name means "fighting fish," and these days&nbsp;DouYu International Holdings Ltd.&nbsp;(DOYU.US) may indeed be fighting a battle for survival as its livestreaming business that once lifted it to fame slips away. Its&nbsp;<a href="https://www.prnewswire.com/news-releases/dou-yu-international-holdings-limited-reports-fourth-quarter-and-full-year-2024-unaudited-financial-results-302401832.html">latest quarterly results</a>&nbsp;released last week showed continuing declines in revenue during the fourth quarter, extending a string of declines dogging the company for the last four years. At the same time, its quarterly loss more than doubled, as the company fell into the red for the year.
But investors took heart in the company's progress toward diversifying away from livestream gaming, which has come under pressure from stiff competition and government clampdowns to limit online time by minors. Some may also be betting DouYu's days as a standalone company could be numbered as it becomes a potential merger or acquisition target, which would likely see it sold at a premium to its current share price.
Co-CEO Ren Simin said on the company's earnings call that DouYu plans to allocate more resources to its newer businesses this year. "Our strategy is not about contraction, it's about reallocating our resources from inefficient initiatives to high-value business segments," she said.
While building up those business is a longer-term goal, reversing the company's sliding revenue – which has been contracting since 2021 – is a more immediate objective. That slide continued in the fourth quarter, as the company's revenue fell 12.3% to 1.14 billion yuan ($156 million) from 1.3 billion yuan a year earlier. Its net loss widened to 163.7 million yuan from a loss of 62.2 million yuan in the same quarter of 2023.
Average mobile monthly active users (MAU) fell 14% year-on-year during the quarter to 44.5 million. But in an encouraging sign, the latest figure was up 5.9% from the previously quarter. Average paying users also fell year-on-year in the fourth quarter from 3.7 million in 2023 to 3.3 million in the latest period.
The company is trying to restart its growth by focusing on its "other businesses," which include advertising, voice based social networking and game membership services. Revenue from that segment rose 47.2% year-on-year to 405 million yuan in the fourth quarter, and the figure grew by 63.6% for the year to 1.2 billion yuan.
Investors seemed to focus on the strong gains in DouYu's diversification drive, with shares leaping 17% in the two trading days after the announcement. But other factors were also likely at work behind the rally.
One clue was a 35% drop in the company's cash from 6.86 billion yuan at the end of 2023 to 4.47 billion yuan at the end of 2024. Officials said on the earnings call that Douyu spent $620 million on dividends and share buybacks since the start of 2024, including its latest cash dividend in January this year. Vice president of finance Cao Hao said that the company's cash reserves were sufficient to re-allocate resources to its growing businesses and manage business fluctuations, while "substantially" reducing net losses.
That seems to indicate DouYu is prioritizing shareholders and share price stability while accepting the inevitable rise of larger competitors, particularly Douyin, the Chinese version of TikTok.
<h4 class="wp-block-heading">M&amp;A coming?</h4>
Investor enthusiasm may also owe to renewed expectation for a potential privatization or purchase of the company by a larger rival, which would likely include a premium to the company's current share price. One potential buyer could be leading game company&nbsp;Tencent&nbsp;(0700.HK), which is already a major DouYu stakeholder with 38% of the company's shares.
Tencent has been buying up gaming assets lately, including video game studios from Douyin parent ByteDance, which has retreated from the sector. Some may be guessing that Tencent may also make bids to privatize DouYu and rival&nbsp;Huya&nbsp;(HUYA.US), which also counts Tencent as a major shareholder and whose situation is similar to DouYu's. Tencent previously tried to engineer a merger of DouYu and Huya, but that bid was ultimately vetoed by China's market regulator in 2021 on anti-trust grounds.
Similar to DouYu, Huya on Tuesday&nbsp;<a href="https://www.prnewswire.com/news-releases/huya-inc-reports-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results-and-announces-dividend-plan-302404138.html">reported</a>&nbsp;a 2.3% year-over-year revenue decline during the fourth quarter to 1.5 billion yuan, while its net loss narrowed to 172.2 million yuan from a loss of 275 million yuan a year earlier. Like DouYu, Huya's livestreaming revenue is falling, dropping from 6.5 billion yuan for the full year in 2023 to 4.7 billion yuan last year.
While the original DouYu-Huya merger plan was squashed, the regulator might see things differently now as the livestream gaming industry suffers under the weight of government restrictions, competition from newer players like Douyin and weak consumer sentiment. Chinese media have reported such a merger may only be a matter of time, and Tencent's investment team met with senior executives from both companies last year to discuss such a plan.
While DouYu's and Huya's revenues from livestreaming have been shrinking, Douyin and&nbsp;Kuaishou&nbsp;(1024.HK) have been expanding fast in the livestreaming space. Kuaishou previously reported its third-quarter revenue rose by 11.4% to 31.1 billion yuan year-on-year, and its profit was up 49.9% to 2.1 billion yuan.
One other data point supporting prospects for a DouYu-Huya merger or third-party acquisition of one or both, is recent signs of cooperation between the two platforms. These began last March with a simultaneous broadcast of a livestreamer's broadcast on "Honor of Kings," a popular game operated by Tencent, on DouYu, Huya and Tencent's own WeChat.
Any such merger involving Tencent would be easily affordable by Tencent, since it's quite cash rich and already owns 38% of DouYu as well as 50% of Huya. Based on DouYu's latest market cap of $265 million and Huya's $838 million, Tencent would need to pay $162 million for the rest of DouYu, and another $420 million for the rest of Huya, or about $580 million combined.
DouYu's current price-to-sales (P/S) ratio stands at just 0.44, well below Huya's 1.02, making the company look undervalued. That may reflect the tepid view towards DouYu by the analyst community, with all five analysts polled by Yahoo Finance rating the company a "hold."

Equities

Opinion

DOYU

Is Tencent Interested in Buying DouYu?

Chinese gaming giant&nbsp;Tencent Holding Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) reported fiscal&nbsp;fourth-quarter&nbsp;<a target="_blank" href="https://static.www.tencent.com/uploads/2025/03/19/81cb1f36bec218d27d6e0b24eec012b6.pdf" rel="noreferrer noopener">2024 </a>results on Wednesday.
Revenue grew&nbsp;11%&nbsp;year-on-year to&nbsp;CNY172.4 billion&nbsp;($24.0 billion), quashing the&nbsp;analyst consensus estimate of&nbsp;CNY168.95 billion.
Combined, the MAU of Weixin and WeChat grew by&nbsp;3% Y/Y&nbsp;to 1.385 billion as of December 31, 2024.
Fee-based VAS registered subscriptions grew&nbsp;7%&nbsp;Y/Y&nbsp;to 262 million. Mobile device MAU of QQ fell&nbsp;5% Y/Y&nbsp;to 524 million as of December 31, 2024.
Revenues from VAS increased by&nbsp;14%&nbsp;Y/Y to&nbsp;CNY79.0 billion. International Games revenues were&nbsp;CNY16.0 billion, up&nbsp;15%&nbsp;Y/Y, due to strong performances from games including PUBG MOBILE&nbsp;and Brawl Stars along with the early access release of Path of Exile 2.
Domestic Games revenues increased by&nbsp;23%&nbsp;Y/Y to&nbsp;CNY33.2 billion, driven by games including VALORANT, Honour of Kings, Peacekeeper Elite, and DnF Mobile, along with contributions from newly released games, DnF Mobile and Delta Force.
Social Networks revenues rose by&nbsp;6%&nbsp;Y/Y to&nbsp;CNY29.8 billion, supported by growth in app-based game virtual item sales, music subscription revenues and Mini Games platform service fees.
Revenues from Marketing Services upped 17% Y/Y to CNY35.0 billion, aided by strong advertiser demand for Video Accounts, Mini Programs, and&nbsp;Weixin Search&nbsp;inventories.
Revenues from FinTech and Business Services upped 3%&nbsp;Y/Y to&nbsp;CNY56.1 billion on higher revenues from wealth management services and consumer loan services.
Gross profit climbed&nbsp;17%&nbsp;Y/Y to&nbsp;CNY90.7 billion ($12.6 billion) in the quarter, with margin expansion of&nbsp;53% from 50% a prior-year quarter.
Adjusted operating profit surged 21% Y/Y to CNY59.5 billion, with the margin expanding 2.8ppt Y/Y to 34.5%.
Adjusted net income attributable to equity holders increased 30% Y/Y to CNY55.3 billion ($7.7 billion). Adjusted EPS of CNY5.91 beat the CNY5.46 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate</a>.
As of December 31, 2024, Tencent had&nbsp;CNY415.4 billion ($57.8 billion)&nbsp;in cash and equivalents and generated&nbsp;CNY155.3 billion ($21.6 billion)&nbsp;in free cash flow.
In 2024, the company bought back around 307 million shares on the Hong Kong Stock Exchange for around HKD112.0 billion ($14.4 billion).
For 2025, Tencent plans to raise the annual dividend by 32% to HKD4.50 per share and repurchase at least HKD80 billion ($10 billion) worth of shares.
Ma Huateng, Chairman and CEO of Tencent, highlighted that AI-driven improvements to the advertising platform, increased engagement with Video Accounts, and growth in the core games led to achieved double-digit revenue growth while maintaining operational leverage in the quarter.
He further added that the company has restructured the AI teams to focus on both rapid product innovation and in-depth model research. They also ramped up AI-related capital investments, along with increased R&amp;D and marketing for AI-native products.
Price Action: TCEHY stock closed lower by 0.43% at $69.49 on Tuesday.
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</ul>
Photo via Shutterstock.

Earnings

Large Cap

Tencent Q4 Earnings Soar: 30% Surge In Net Income, Strong Performance From Games And AI

Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) reported quarterly earnings of RMB5.91 per share which beat the analyst consensus estimate of RMB5.46 by 8.22 percent. This is a 33 percent increase over earnings of RMB4.44 per share from the same period last year. The company reported quarterly sales of RMB172.45 billion which beat the analyst consensus estimate of RMB168.95 billion by 2.07 percent. This is a 11.11 percent increase over sales of RMB155.20 billion the same period last year.

Earnings Beats

Tencent Holdings Q4 2024 Adj EPS RMB5.91 Beats RMB5.46 Estimate, Sales RMB172.45B Beat RMB168.95B Estimate

China&#8217;s <a href="https://www.benzinga.com/topic/china" target="_blank" rel="noreferrer noopener">Minister of Commerce</a> on Tuesday stated at the Third Session of the 14th National People&#8217;s Congress that consumption remains the primary driver of economic growth. Service consumption has maintained positive momentum, emerging as a new growth engine in overall consumption. 
Benchmark analyst Fawne Jiang noted that in 2024, the biggest highlight in consumption was the &#8220;trade-in&#8221; policy, which has generated new momentum, driving industrial upgrades and transformation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/03/44229408/alibaba-unveils-new-ai-chip-to-power-chinas-open-source-tech-push-challenge-us-chip-giants" rel="noreferrer noopener">Alibaba Unveils New AI Chip To Power China&#8217;s Open-Source Tech Push, Challenge US Chip Giants</a>
Jiang added that in 2025, the trade-in program will be expanded and upgraded, with broader subsidy coverage for more product categories. Actions will be taken to enhance the quality of service consumption, with a series of initiatives organized to promote service consumption.
The Minister of Commerce stated that the main issue with commodity consumption lies in softer consumer purchasing power and willingness, making it the primary challenge on the demand side. In contrast, the main challenge for service consumption is on the supply side, with an insufficient supply of high-quality services.
Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) CEO Wang Xing recently hosted an internal meeting with senior executives, highlighting a focus on food &amp; grocery retail, international expansion, and technology for the next decade, Jiang noted.&nbsp;&nbsp;
Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Hema is reported to be continuing to expand Freshippo Stores, with a key focus on the Fresh offering, the analyst stated. It plans to open about 100 new stores and expand into dozens of new cities.
Alibaba&#8217;s Ele.me is said to be investing more than 1 billion yuan (about $140 million) to support merchants by offering discounted commission rates, special subsidies, exclusive traffic, digital operation services, hardware facilities, and AI technology capabilities.
Grab Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) is reportedly acquiring the supermarket chain Everrise in Malaysia to expand its grocery business further in one of its key markets. Grab plans to digitize Everrise&#8217;s operations and introduce on-demand grocery delivery services for its customers, Jiang said.
Alibaba has released an open-sourced new inference model, QwQ-32B. Leveraging large-scale reinforcement learning, QwQ-32B has achieved a breakthrough in mathematics, coding, and general capabilities, with overall performance comparable to DeepSeek-R1. Additionally, QwQ-32B significantly reduced deployment costs and can be locally deployed on consumer-grade GPUs.
Tencent Holding&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Hunyuan has launched an image-to-video model and made it open-source for the public. Businesses and developers can apply for API access through Tencent Cloud.
Alibaba Cloud aims to encourage the adoption of generative AI foundational models among Japanese enterprises, offering tailored adjustments and customizations based on client needs, the analyst noted. The company plans to increase the number of Japanese projects utilizing Alibaba&#8217;s models to over 1,000 within three years.
Also Read:
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<li><a href="https://www.benzinga.com/25/03/44254562/deepseek-stays-free-founder-rejects-monetization-plans-new-reasoning-model-amid-alibaba-talks" target="_blank" rel="noreferrer noopener">DeepSeek Wants To Stay Free As Of Now, Founder Rejects Monetization</a></li>
</ul>
Photo: Shutterstock

Analyst Ratings

GRAB

MPNGY

Alibaba, Grab, Tencent, Meituan Gear Up For Growth As China Bets On Services To Revive Economy

As China's AI race accelerates, the viral autonomous agent Manus AI has partnered with Alibaba Group Holding Ltd's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Qwen team to develop a localized version tailored for Chinese users.
What Happened: Manus, which was developed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)-backed startup The Butterfly Effect, announced the development on Tuesday, <a href="https://www.scmp.com/tech/big-tech/article/3301986/ai-agent-manus-partners-alibabas-qwen-develop-chinese-version">reported</a> the South China Morning Post.
The partnership aims to ensure all Manus features run on domestic models and infrastructure, though a specific launch date has not been disclosed.
See Also: <a href="https://www.benzinga.com/tech/25/03/44238979/palantir-cofounder-peter-thiel-might-write-a-book-about-ancient-prophecies-the-antichrist-and-armageddon-he-thinks-were-ignoring-the-real-threat">Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon— He Thinks We&#8217;re Ignoring The Real Threat</a>
A representative from Alibaba Cloud confirmed the collaboration to the publication, saying both companies are working on open-source models and looking to support broader AI innovation in China.
Why It's Important: Manus gained <a href="https://in.benzinga.com/media/25/03/44214424/move-over-deepseek-not-so-fast-chinas-manus-ai-goes-viral-but-early-users-say-it-crashes-loops-and-fumbles-the-basics">global attention last week</a> after its invitation-only web preview showcased its ability to perform complex tasks.
A day after the launch of Manus AI Agent, Alibaba also introduced its latest AI reasoning model, saying that it outperforms competing models from OpenAI and DeepSeek.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Manus AI agent, which builds on models such as Anthropic's Claude and fine-tuned versions of Alibaba's Qwen, is now being compared to <a href="https://in.benzinga.com/markets/equities/25/03/44103985/74-of-deepseeks-output-mimics-openais-chatgpt-new-study-reveals-it-does-raise-questions-about-its-development">Chinese AI frontrunner</a> DeepSeek.
Moreover, Alibaba's Qwen models, open-sourced since August 2023, have powered more than 90,000 derivative models worldwide, according to data from Hugging Face, an AI and machine-learning developer platform.
Alibaba&#8217;s wholesale marketplace arm has also set an ambitious goal for full AI adoption by <a href="https://www.benzinga.com/markets/25/03/44241563/alibabas-wholesale-marketplace-arm-sets-ambitious-goal-for-full-ai-adoption-by-merchants-in-2025">merchants by the end of 2025</a>.
Price Action: Alibaba shares have climbed 63.65% year-to-date. On Tuesday, the stock rose 4.789% to $139.02 during the regular session and added another 0.97% afterward, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.
Photo Courtesy: Tada Images on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43120820/if-you-invested-1000-in-bitcoin-when-peter-thiel-said-the-top-crypto-might-not-rise-dramatically-heres-how-much-youd-have-made-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Bitcoin When Billionaire Peter Thiel Said BTC Might Not Rise ‘Dramatically,' Here's How Much You'd Have Made Today</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

China's Viral AI Agent Manus Taps Alibaba's Qwen For Local Expansion: What You Need To Know

As Wall Street grapples with volatility and recession fears, <a href="https://www.benzinga.com/topic/china">China's stock market</a> is on a tear. While the S&amp;P 500 index is down over 4.6% year-to-date, three China-based stocks have surged more than 50%, fueled by AI investments and shifting investor sentiment.
<h1 class="wp-block-heading">China's AI Boom Powers A Market Comeback</h1>
Citi recently revised its stance on U.S. stocks to Neutral from Overweight, citing economic slowdown concerns, <a href="https://www.businessworld.in/article/citi-downgrades-us-stocks-upgrades-china-550472">reported</a> Business World. Meanwhile, the firm upgraded China's rating to Overweight, adjusting its GDP growth forecast to 4.7% from 4.5%, thanks to heightened AI-driven investments.
Goldman Sachs echoed this sentiment, as <a href="https://markets.businessinsider.com/news/stocks/us-stock-market-volatility-china-rally-tariffs-deepseek-goldman-sachs-2025-3">reported</a> by Markets Insider, noting that China&#8217;s technology industry remains undervalued compared to global peers.
The MSCI China Index gained 20% YTD, its best start to a year ever. Analysts at Goldman Sachs highlighted that global mutual funds, which had largely stayed away from Chinese equities, are now reconsidering their stance. If institutional investors increase their allocation by just 1%, it could drive an estimated $8 billion in net buying.
Read Also: <a href="https://www.benzinga.com/news/global/25/03/44235317/trump-xi-discuss-potential-birthday-summit-amid-rising-trade-tensions-report">Trump, Xi Discuss Potential &#8216;Birthday Summit&#8217; Amid Rising Trade Tensions: Report</a>
<h1 class="wp-block-heading">These 3 Stocks Are Leading China's Market Rally</h1>
Interestingly, three of 10 stocks (of market cap $2 billion and above) that have delivered the highest returns YTD, are from China:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>No.</td>
<td>Ticker</td>
<td>Company</td>
<td>Perf YTD (as of 2 p.m. ET, March 11)</td>
<td>Country</td>
</tr>
<tr>
<td>1</td>
<td>VNET</td>
<td>VNET Group Inc</td>
<td>132.41%</td>
<td>China</td>
</tr>
<tr>
<td>2</td>
<td>XPEV</td>
<td>Xpeng Inc</td>
<td>128.74%</td>
<td>China</td>
</tr>
<tr>
<td>3</td>
<td>TUYA</td>
<td>Tuya Inc</td>
<td>126.44%</td>
<td>China</td>
</tr>
<tr>
<td>4</td>
<td>HEES</td>
<td>H&amp;E Equipment Services, Inc.</td>
<td>94.17%</td>
<td>USA</td>
</tr>
<tr>
<td>5</td>
<td>ROOT</td>
<td>Root Inc</td>
<td>91.13%</td>
<td>USA</td>
</tr>
<tr>
<td>6</td>
<td>KC</td>
<td>Kingsoft Cloud Holdings Ltd</td>
<td>67.73%</td>
<td>China</td>
</tr>
<tr>
<td>7</td>
<td>HSAI</td>
<td>Hesai Group</td>
<td>44.73%</td>
<td>China</td>
</tr>
<tr>
<td>8</td>
<td>BABA</td>
<td>Alibaba Group Holding Ltd</td>
<td>62.70%</td>
<td>China</td>
</tr>
<tr>
<td>9</td>
<td>GDS</td>
<td>GDS Holdings Ltd</td>
<td>64.24%</td>
<td>China</td>
</tr>
<tr>
<td>10</td>
<td>ITCI</td>
<td>Intra-Cellular Therapies Inc</td>
<td>55.82%</td>
<td>USA</td>
</tr>
</tbody>
</table>
</figure>
Among the biggest winners in China's stock market rebound are:
<ol start="1">
<li>VNET Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>): Up 132.41% YTD, this data center services provider has capitalized on China's growing cloud and AI infrastructure needs.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>): The EV maker soared 128.74% YTD, riding the wave of China&#8217;s push for AI-driven autonomous driving.</li>
<li>Tuya Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>) – A major player in AIoT (Artificial Intelligence of Things), Tuya has climbed 126.44% YTD, benefiting from AI-driven automation trends.</li>
</ol>
<h1 class="wp-block-heading">Wall Street's Volatility Shifts Attention Eastward</h1>
While US stocks struggle, Chinese equities are benefiting from a shift in sentiment. The S&amp;P 500 has fallen below its 200-day moving average, and its market leaders are lagging, raising concerns about near-term performance. 
Citi's macro strategist Dirk Willer noted that while U.S. stocks might regain momentum when the AI surge resumes, short-term growth prospects appear weaker relative to global markets.
The Hang Seng Tech Index has surged 32% YTD, with major players like Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holdings (OTCPK: TCEHY) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) all posting double-digit gains.
Analysts believe China&#8217;s latest AI-driven tech breakthroughs could have staying power, making it a compelling play amid U.S. market jitters.
With Citi and Goldman Sachs pointing to China&#8217;s AI-driven resurgence, investors are taking a fresh look at Chinese stocks. While Wall Street navigates uncertainty, China's top-performing equities are proving hard to ignore.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44250497/this-mineral-mining-company-is-poised-to-benefit-from-china-tensions-says-bullish-analyst">This Mineral Mining Company Is Poised To Benefit From China Tensions: Analyst</a></li>
</ul>
Photo: Shutterstock

3 China Stocks Soaring Over 50% YTD — While The S&P 500 Sinks

DeepSeek founder Liang Wenfeng has rejected investor proposals to monetize his programs. Liang did not want to charge for DeepSeek's core AI models, which the company has open-sourced, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/ai/investors-want-a-piece-of-deepseek-its-founder-says-not-now-24e9f799" rel="noreferrer noopener">reported</a>, citing unnamed sources familiar with the matter.
DeepSeek aims to release its next reasoning, designed for solving complex problems by April, the report said.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/03/44229408/alibaba-unveils-new-ai-chip-to-power-chinas-open-source-tech-push-challenge-us-chip-giants" rel="noreferrer noopener">Alibaba Unveils New AI Chip To Power China's Open-Source Tech Push, Challenge US Chip Giants</a>
Liang joined Chinese executives who&nbsp;met leader Xi Jinping&nbsp;on February 17. According to sources, the state-owned Bank of China has offered to grant the company a low-interest loan.
The sources indicated that executives from China's Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and&nbsp;Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) &nbsp;have recently met Liang to discuss potential cooperation.
The Chinese artificial intelligence startup founder snubbed prospective investors, citing his preference for retaining the science project ethos.
Sources familiar with the matter say Wenfeng&nbsp;feared that outsiders would interfere in DeepSeek's decisions.
He noted that Beijing's connection could make winning the global adoption of DeepSeek's AI models harder.
DeepSeek chatbot's popularity caused frequent service hiccups and drew global sanctions due to data security concerns.
The Trump administration <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44201104/usa-targets-deepseek-weighs-restrictions-on-chinas-ai-firm-that-shook-nvidias-market-value-by-600-billion" rel="noreferrer noopener">is considering restricting</a> the Chinese&nbsp;artificial intelligence DeepSeek, including banning their chatbot from government devices.
Several U.S. allies, including Italy, South Korea, Australia, Canada, and Taiwan, have limited the use of DeepSeek. DeepSeek's handling of user data has sparked national security concerns.
When DeepSeek claimed that its <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44201104/usa-targets-deepseek-weighs-restrictions-on-chinas-ai-firm-that-shook-nvidias-market-value-by-600-billion" rel="noreferrer noopener">AI model was</a> built at a fraction of the cost of its U.S. rivals, it led to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) losing $600 billion in market cap in&nbsp;a single day. DeepSeek's AI model fueled a $1 trillion market wipeout.
Reportedly, the U.S. is probing DeepSeek for possible Nvidia chip embargo violations.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44227833/supermicros-ai-boom-liquid-cooling-edge-spark-analyst-confidence-in-growth-potential" target="_blank" rel="noreferrer noopener">Supermicro's AI Boom, Liquid Cooling Edge Spark Analyst Confidence In Growth Potential</a></li>
</ul>
Photo by Erlin Diah via Shutterstock

Government

Regulations

NVDA

DeepSeek Wants To Stay Free As Of Now, Founder Rejects Monetization

The U.S. and China are in early talks for a potential &#8220;birthday summit&#8221; between President Donald Trump and Chinese leader <a href="https://www.benzinga.com/topic/china">Xi Jinping in June</a>.
What Happened: <a href="https://www.wsj.com/world/china/u-s-china-discuss-a-trump-xi-summit-for-june-04610b8f?mod=hp_lead_pos2">According </a>to the Wall Street Journal, the discussions come as the Trump administration <a href="https://www.benzinga.com/topic/trump-tariffs">escalates tariffs and trade</a> measures against China, aiming to gain leverage in negotiations.
The summit, timed around the leaders&#8217; June birthdays—Trump on June 14, 1946, and Xi on June 15, 1953—could introduce goodwill amid trade tensions that have rattled global markets. Both leaders have shown interest in a summit since Trump's November election victory, though no firm plans have been made.
Beijing is reportedly keen to negotiate, hoping a summit might slow additional U.S. tariffs and technology restrictions. China's recent export data fell below expectations, and the country faces deflation. The Trump administration recently raised tariffs on Chinese imports to around 35%, citing China's role in the U.S. fentanyl crisis, WSJ reports.
See Also: <a href="https://www.benzinga.com/25/03/44217379/china-hits-soybeans-with-tariffs-its-largest-us-import-along-with-other-agri-products-here-a-list-of-stocks-and-etfs-that-could-be-impacted">China Hits Its Largest US Import, Soybeans, With Tariffs Along With Other Agricultural Products: Here&#8217;s A List Of Stocks, ETFs That Could Be Impacted</a>
Why It Matters: Geo-political relations between the U.S. and China haven&#8217;t improved since Trump won the 2024 presidential election.
Former President Joe Biden met President Xi once in the days following Trump&#8217;s election victory—in <a href="https://china.usembassy-china.org.cn/readout-of-president-joe-bidens-meeting-with-president-xi-jinping-of-the-peoples-republic-of-china-3/">Lima, Peru</a>. Before that, they convened in 2023 to discuss the global economy, supply chain disruptions, and rising protectionism as "grave problems."
"China and United States turning back on each other is not an option," Xi said <a href="https://www.benzinga.com/markets/asia/23/11/35814525/historic-biden-xi-jinping-meeting-paves-way-for-joint-efforts-in-ai-climate-change">at the time</a>.
But once Trump was sworn into office in January, imposing tariffs on all Chinese imports was a top priority. As recently as March 4, the Trump White House doubled the levy on Chinese imports to 20%. 
China clapped back with its own retaliatory tariffs, per the Associated Press, <a href="https://apnews.com/article/china-us-tariffs-farm-soy-trump-7442b02ac829347f0d4fc6ad0955d368">last week</a>. 
At a news conference during China&#8217;s annual parliamentary session on Friday, March 7, China&#8217;s top foreign policy official, Wang Yi, positioned Beijing as a stabilizing global force while criticizing the U.S. as &#8220;<a href="https://www.npr.org/2025/03/07/nx-s1-5320802/china-us-tariffs-gaza-ukraine-russia-trump">two-faced</a>.&#8221; 
Wang emphasized China&#8217;s role as a global &#8220;anchor&#8221; as opposed to the U.S.
The potential summit marks a critical moment in U.S.-China relations, as both sides navigate economic, technological, and strategic rivalries.
ETFs To Watch: Notable exchange-traded funds to watch include the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), which allocates the biggest chunk of its holdings to Shenzhen, China-based Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).
There&#8217;s also SPDR S&amp;P China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>) and Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>), which are both particularly sensitive to geopolitical developments. 
Now Read:
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<li><a href="https://www.benzinga.com/media/25/03/44214424/move-over-deepseek-not-so-fast-chinas-manus-ai-goes-viral-but-early-users-say-it-crashes-loops-and-fumbles-the-basics">Move Over DeepSeek? Not So Fast: China&#8217;s Manus AI Goes Viral, But Early Users Say It Crashes, Loops, And Fumbles The Basics</a></li>
</ul>
Image created using photos from Shutterstock.

Trump, Xi Discuss Potential 'Birthday Summit' Amid Rising Trade Tensions: Report

President&nbsp;Donald Trump&nbsp;has strongly criticized the U.K. government&#8217;s demand for&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to&nbsp;create a backdoor&nbsp;into its encrypted cloud storage, comparing the move to authoritarian surveillance <a target="_blank" href="https://www.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china" rel="noreferrer noopener">tactics used in China</a>.
First Lady&nbsp;Melania Trump&nbsp;used her first major public appearance to call for stronger protections against online abuse, advocating for legislation&nbsp;targeting deepfake&nbsp;and revenge pornography while criticizing <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44100458/melania-trump-attacks-democrats-for-skipping-key-discussion-on-deepfakes-first-lady-wants-tougher-safeguards-for-children" rel="noreferrer noopener">Democrats for their absence at the discussion</a>.
Smartphones
Honor&nbsp;has ramped up its AI ambitions with a $10 billion investment over the next five years, alongside a deeper<a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener"> partnership with&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener">Alphabet Inc.&#8217;s&nbsp;Google</a>.
Technology
Major tech firms, including&nbsp;Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;ByteDance-owned&nbsp;TikTok, and&nbsp;Snapchat, are urging Australia to reconsider the exemption of&nbsp;YouTube, an online video sharing platform owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, from its&nbsp;ban on social media<a href="https://www.benzinga.com/25/03/44132618/meta-tiktok-and-snapchat-push-back-against-youtubes-exemption-from-australias-social-media-ban-for-children-under-16" target="_blank" rel="noreferrer noopener"> access&nbsp;for users under 16</a>.
Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) launched <a href="https://www.benzinga.com/tech/25/03/44143576/apples-latest-macbook-air-with-m4-chip-is-twice-as-fast-as-its-predecessor-with-lower-price" target="_blank" rel="noreferrer noopener">its newest MacBook Air</a> with equipped with the advanced M4 chip for improved speed, longer battery life, and a 12MP camera. The base version costs as low as $999.
Google has begun disabling uBlock Origin and other extensions that rely on its outdated Manifest V2 framework, leaving millions of Chrome users scrambling for alternatives as the company fully transitions <a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">to its new extension standard, </a><a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">Manifest V3</a>.
Ransomware operators have found a way to exploit a Windows-signed driver from&nbsp;Paragon Partition Manager, posing a <a target="_blank" href="https://www.benzinga.com/tech/25/03/44105518/microsoft-adds-paragon-partition-manager-driver-to-blocklist-as-ransomware-hackers-exploit-windows-signed-driver-for-attacks" rel="noreferrer noopener">threat to system security</a>.
Discord, the popular&nbsp;social chat app&nbsp;favored by gamers, is reportedly in early discussions with investment bankers <a target="_blank" href="https://www.benzinga.com/25/03/44157952/discord-reportedly-exploring-ipo-in-2025heres-what-we-know-about-the-gaming-chat-titans-plans" rel="noreferrer noopener">about a potential initial public offering in 2025.</a>
Former&nbsp;Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO&nbsp;Craig Barrett&nbsp;has strongly criticized calls to divide Intel&#8217;s business, arguing that the company should focus on its recent <a target="_blank" href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger" rel="noreferrer noopener">chipmaking breakthroughs instead</a>.
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44070785/top-analyst-shuts-down-nvidia-cowos-order-cut-rumors-confirms-tsmcs-2025-expansion-is-steady-at-70000-wafers-per-month" rel="noreferrer noopener">Ming-Chi Kuo Dismisses Nvidia Order Cut Speculation Amid Intact AI Demand, Confirms TSMC Expansion On Track</a>
Reddit Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) co-founder and venture capitalist&nbsp;Alexis Ohanian&nbsp;has joined&nbsp;Frank McCourt&#8217;s&nbsp;bid to acquire&nbsp;TikTok&#8217;s&nbsp;U.S. operations, as competition intensifies with rival groups that include&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donalson, aka&nbsp;MrBeast, tech entrepreneur&nbsp;Jesse Tinsley, <a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Wyoming</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">&nbsp;investor&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Reid Rasner</a>.
Artificial Intelligence (AI)
Tencent Holdings&#8217; (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Yuanbao AI&nbsp;chatbot has surpassed&nbsp;DeepSeek&nbsp;as the <a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">most downloaded&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">iPhone</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">&nbsp;app in China</a>.
Chinese AI startup&nbsp;DeepSeek&nbsp;revealed cost and revenue estimates for its popular&nbsp;V3&nbsp;and&nbsp;R1&nbsp;models, showing a theoretical cost-profit <a target="_blank" href="https://www.benzinga.com/25/03/44069178/chinas-deepseek-report-545-theoretical-daily-profit-margin-once-again-raising-questions-about-openai-and-other-us-ai-firms-billion-dollar-chip-investments" rel="noreferrer noopener">ratio of up to 545% per day</a>.
Anthropic&nbsp;CEO&nbsp;Dario Amodei&nbsp;has called for stronger U.S. AI safeguards, warning that autocratic regimes like China and Russia could use artificial intelligence to enhance their<a target="_blank" href="https://www.benzinga.com/tech/25/03/44069535/jeff-bezos-backed-anthropic-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-russia-could-use-ai-to-expand-their-power-some-very-dark-possbilities" rel="noreferrer noopener"> control and military capabilities</a>.
Anthropic and&nbsp;Google has raised $3.5 billion in a Series E funding round,<a target="_blank" href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs" rel="noreferrer noopener"> bringing its valuation to $61.5 billion</a>.

AAPL

GOOG

INTC

RDDT

Consumer Tech News (Mar 3-Mar 7): Discord May Initiate IPO, Apple's New MacBook Air With M4 Chip, Tencent' Yuanbao AI Surpassed DeepSeek As Most Downloaded & More

Hong Kong stocks surged Thursday morning, with the Hang Seng Index climbing 2.5% to 24,183.07, reaching its highest level since January 2022 and extending its year-to-date gains to 23.37%.
What Happened: Chinese tech giants led the rally on Hong Kong Exchange, with Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) rallying 7.24% to 139.30 HKD ($17.93) and Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) jumping 5.84% to 534.00 HKD ($68.72). 
Other major tech firms also posted substantial gains, including Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) up 3.83% to 90.80 HKD ($11.68), JD.com Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDCMF#OTC">JDCMF</a>) rising 4.06% to 171.20 HKD ($22.03), and Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) advancing 4.08% at 179.50 HKD ($23.10).
The market rally follows Premier Li Qiang&#8216;s announcement of increased fiscal stimulus during China&#8217;s annual parliamentary meeting on Wednesday, Reuters reported. Li pledged to &#8220;vigorously boost&#8221; sluggish consumption and cushion impacts from escalating U.S. trade tensions, while maintaining China&#8217;s 5% growth target for 2025.
&#8220;An increasingly complex and severe external environment may exert a greater impact on China in areas such as trade, science, and technology,&#8221; Li warned, addressing what he called &#8220;changes unseen in a century.&#8221;
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Beijing plans to issue 1.3 trillion yuan ($179 billion) in ultra-long special treasury bonds this year, up from 1 trillion yuan in 2024, and will allow local governments to issue 4.4 trillion yuan in special debt. The budget deficit is projected to widen to around 4% of GDP.
Investors seem particularly enthused by China&#8217;s AI ambitions, with Li promising to foster artificial intelligence applications across electric vehicles, smartphones, and robots. Market sentiment has been bolstered by the recent emergence of AI platform Deepseek, with Alibaba also announcing its new QwQ-32B reasoning model today.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, we release QwQ-32B, our new reasoning model with only 32 billion parameters that rivals cutting-edge reasoning model, e.g., DeepSeek-R1. Blog: <a href="https://t.co/zCgACNdodj">https://t.co/zCgACNdodj</a> HF: <a href="https://t.co/pfjZygOiyQ">https://t.co/pfjZygOiyQ</a> ModelScope: <a href="https://t.co/hcfOD8wSLa">https://t.co/hcfOD8wSLa</a> Demo: <a href="https://t.co/DxWPzAg6g8">https://t.co/DxWPzAg6g8</a> Qwen Chat:… <a href="https://t.co/kfvbNgNucW">pic.twitter.com/kfvbNgNucW</a>
&mdash; Qwen (@Alibaba_Qwen) <a href="https://twitter.com/Alibaba_Qwen/status/1897361654763151544?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

JDCMF

Alibaba Soars 7% On AI Push As China Pledges To 'Vigorously Boost' Spending — Hang Seng Reaches 2-Year High

Tencent Holdings' (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Yuanbao AI chatbot has surpassed DeepSeek as the most downloaded iPhone app in China.
What Happened: Tencent integrated its in-house Hunyuan AI technology with DeepSeek's R1 reasoning model, boosting the chatbot's appeal and helping it claim the No. 1 spot on China's iPhone app rankings this week, according <a href="https://www.bloomberg.com/news/articles/2025-03-04/tencent-s-ai-bot-passes-deepseek-as-china-s-favorite-on-iphones">to</a> a report by Bloomberg.
DeepSeek had dominated downloads for over a month. Three of the top five free apps in China are now AI-powered chatbots, with ByteDance's Doubao also ranking among them.
See Also: <a href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger">&#8216;Fire The Intel Board,&#8217; Says Former CEO Craig Barrett As He Pushes Back On Breakup Plans, Urges Focus On Chipmaking Wins</a>
In January, DeepSeek shook the U.S. stock market. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost <a href="https://www.benzinga.com/markets/emerging-markets/25/01/43260751/not-just-deepseek-alibaba-unveils-ai-model-to-rival-openais-operator">$600 billion in value</a> in a single day.
According to the Chinese startup, its chatbot can compete with OpenAI&#8217;s ChatGPT, which it developed at a fraction of the cost.
In <a href="https://in.benzinga.com/25/02/43970279/alibaba-and-deepseek-intensify-ai-showdown-challenging-openai-and-nvidias-market-dominance">response to DeepSeek's rise</a>, Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has begun benchmarking against it and announced a $53 billion AI investment.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: China's leading tech giants—Tencent, Alibaba, and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)—are in a fierce race to capture the growing AI market.&nbsp;
While monetization strategies remain unclear, companies are focused on mass adoption and open-source AI development.
With its 1.4 billion WeChat users, Tencent has an advantage in distributing AI-powered services, but Alibaba and Baidu are making larger AI investments.&nbsp;
Meanwhile, Nvidia CEO Jensen Huang has spoken about the need for significantly more <a href="https://in.benzinga.com/markets/equities/25/02/43995515/jensen-huang-says-deepseek-was-fantastic-next-gen-models-demand-100x-more-compute-as-nvidia-smashes-earnings-records">computational power</a> for next-generation AI models.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

DeepSeek Loses Top Spot As Tencent's Yuanbao AI Becomes The Top iPhone App In China Amid Intensifying AI Battle

On Tuesday, <a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">Chinese e-commerce firm</a>&nbsp;Alibaba Group Holding&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) showcased its next reasoning model, QwQ-Max. This model could rival industry-leading competitors, including OpenAI&#8217;s o1 and&nbsp;DeepSeek&#8217;s R1.
The Qwen team said that QwQ-Max-Preview is free on the Qwen chatbot website, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3300018/alibaba-previews-new-ai-reasoning-model-challenge-deepseek-r1-openai-o1" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43884588/alibaba-leads-china-stock-rally-as-deepseeks-ai-breakthrough-and-xis-support-boost-investor-confidence" rel="noreferrer noopener">US Listed China Stocks Rally: Alibaba&#8217;s Performance, President Xi&#8217;s Support, DeepSeek AI Boost Investor Confidence</a>
The company&#8217;s release of QwQ-Max-Preview coincided with&nbsp;the DeepSeek campaign to make five of its code repositories public.
Qwen&#8217;s latest reasoning model is part of an AI system replicating how humans think, make decisions, and solve problems. The Qwen team said it would open-source its coming QwQ-Max model and the base version of Qwen 2.5 Max.
On Monday, Alibaba <a target="_blank" href="https://www.benzinga.com/markets/25/02/43906541/alibaba-to-invest-a-massive-53-billion-in-ai-infrastructure-taking-on-trumps-stargate-ai-plan" rel="noreferrer noopener">committed&nbsp;$53 billion</a> to cloud and AI infrastructure&nbsp;over the next three years.
Alibaba plans to release smaller open-source reasoning models as demand rises for lightweight and resource-efficient solutions.
<a target="_blank" href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge" rel="noreferrer noopener">Chinese tech giants</a>&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba, and&nbsp;ByteDance have increased orders for&nbsp;Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;H20&nbsp;AI chips.
Benchmark&#8217;s Fawne Jiang raised his price target on Alibaba, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43888574/alibabas-ai-expansion-e-commerce-growth-reinforce-bullish-analyst-outlook" rel="noreferrer noopener">citing AI growth</a> and e-commerce rebound.
Price Action:&nbsp;BABA stock is up 4.45% at $134.76 premarket at&nbsp;the last check on Tuesday.
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Photo by Ascannio via Shutterstock

Alibaba Doubles Down On AI, Launches QwQ-Max to Challenge OpenAI and DeepSeek

In a move to further tighten the noose on China&#8217;s burgeoning tech sector, President Donald Trump is reportedly considering stricter measures on the country&#8217;s semiconductor industry. This move is seen as an extension of efforts initiated under the Joe Biden administration to curb China&#8217;s technological advancement.
What Happened: Trump officials have been in talks with their Japanese and Dutch counterparts to limit the activities of engineers from Tokyo Electron Ltd. and ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) in China, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-25/trump-administration-seeks-more-restrictions-on-china-tech-weighs-nvidia-curbs">reported</a> on Tuesday, citing people familiar with the matter.
The aim is to get allies on board with the U.S. in imposing similar restrictions on China that have been placed on American semiconductor companies, including Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), and Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>).
The Trump administration is also exploring stricter controls on the global export of AI chips without a license. Washington&#8217;s broader objective is to hinder China&#8217;s advancement in building a domestic semiconductor industry that could enhance its AI and military capabilities.
According to the publication, implementation of these new regulations may take several months as the Trump administration selects staff for key federal agencies.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43937601/bitcoin-down-7-ethereum-xrp-dogecoin-shiba-inu-plunge-over-10-as-148-billion-liquidation-tsunami-hits">Bitcoin Down 7%, Ethereum, XRP, Dogecoin, Shiba Inu Plunge Over 10% As $1.48 Billion Liquidation Tsunami Hits</a>
Why It Matters: In response to these reports, Lin Jian, from the Chinese foreign ministry, stated that such actions will obstruct the growth of the global semiconductor industry and also backfire, Reuters reported. Meanwhile, it also remains to be seen if Japan and the Netherlands echo the same thoughts as Trump.
This development comes on the heels of President Trump&#8217;s recent announcement of his intention to impose a <a href="https://www.benzinga.com/25/02/43805852/trump-shakes-global-trade-with-25-auto-chip-and-pharma-tariffs-announcement-asian-stocks-pare-their-five-day-rally">25% tariff on auto imports,</a> chips, and pharmaceuticals. These tariffs, expected to take effect as early as April 2, have already caused a stir in international trade. The latest move to tighten restrictions on China&#8217;s tech sector is seen as a continuation of Trump&#8217;s aggressive trade policies, and could potentially escalate trade tensions between the U.S. and China.
Another report by the South China Morning Post suggests that Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance have significantly increased demand for Nvidia's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 AI chip, driven by the surging popularity of DeepSeek's affordable AI models. This development also comes ahead of the tariffs and chip curbs likely to be imposed by the Trump administration.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMAT

ASML

KLAC

LRCX

Trump Reportedly Targets China's Tech Sector With Stricter Biden-Era Chip Curbs. It Will Backfire, Says Beijing

Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance have significantly increased orders for Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 AI chips, as the rise of DeepSeek's low-cost AI models drives a surge in demand for AI computing power.
What Happened: The spike in H20 chip orders, reported by Reuters, citing six people familiar with the matter, highlights Nvidia's continued dominance in the AI chip market.
The H20 is a China-specific chip, developed in response to U.S. export restrictions that prevent Nvidia from selling its most advanced AI hardware to Chinese companies.
While concerns about additional U.S. trade restrictions exist, sources say the primary driver behind the demand is DeepSeek's AI models, which optimize computational efficiency for inference tasks rather than relying solely on raw processing power.
See Also: <a href="https://www.benzinga.com/news/legal/25/02/43930715/google-sued-over-ai-search-overviews-education-company-says-tech-giant-is-stealing-content-and-driving-publishers-out-of-business">Google Sued Over AI Search Overviews — Education Company Says Tech Giant Is Stealing Content And Driving Publishers Out Of Business</a>
These models have gained rapid adoption across industries, from cloud computing to automotive applications.
Tencent is reportedly testing DeepSeek's AI models in WeChat, while automaker Great Wall has integrated them into its connected vehicle systems. Analysts estimate Nvidia shipped around 1 million H20 chips in 2024, generating over $12 billion in revenue.
Why It Matters: Last month, Nvidia recognized China's DeepSeek R1 AI model. The model built for less than $6 million, <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">allegedly outperformed</a> top U.S. models, including those from OpenAI.
This milestone contributed to a broader tech market downturn, leading to a 17% decline in Nvidia's stock and a more than 20% plunge in AI infrastructure shares. It also led to a $600 billion drop in Nvidia's market capitalization.
Earlier this month, in an interview, Nvidia CEO Jensen Huang addressed <a href="https://in.benzinga.com/25/02/43876025/nvidia-ceo-attributed-the-deepseek-led-sell-off-to-investor-misconception-on-ai-spending-obviously-that-paradigm-is-wrong">investor concerns</a>, attributing the sell-off to misconceptions about AI infrastructure spending.
Price Action: In after-hours trading, Nvidia rose 0.51%, reaching $130.95 at the time of publication, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market— Tencent, Alibaba, ByteDance Fuel Demand Surge

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
What Happened: Alibaba&#8217;s shares climbed to 134.70 HKD ($17.33) after CEO Eddie Wu announced expectations for the company&#8217;s International Commerce Unit to achieve profitability in the next fiscal year. 
The broader tech sector rally saw gains across major Chinese companies, with&nbsp;Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) rising 3.23% to 502.50 HKD ($64.66), Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) surging 4.88% to 51.55 HKD ($6.63), Baidu Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BAIDF#OTC">BAIDF</a>) adding 2.22% to 87.40 HKD ($11.25), and JD.com Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDCMF#OTC">JDCMF</a>) climbing 2.47% to 157.50 HKD ($20.27).
The surge comes as economists predict China&#8217;s central bank could cut its main policy rate following the annual parliamentary meeting in March. The People&#8217;s Bank of China (PBOC) maintained its loan prime rates Thursday, keeping the one-year rate at 3.1% and the five-year rate at 3.6%.
Bruce Pang, an adjunct associate professor at the Chinese University of Hong Kong Business School, according <a href="https://www.cnbc.com/2025/02/20/china-lpr-decision-february.html">to</a> CNBC, forecasts a 50-basis-point cut to the reserve requirement ratio next month, with the seven-day reverse repo rate potentially decreasing by 40 to 50 basis points this year.
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Why It Matters: The tech sector&#8217;s <a href="https://www.benzinga.com/markets/asia/25/02/43772586/xi-jinpings-supportive-business-stance-sparks-rally-for-second-day-alibaba-xiaomi-surge-over-4-on-hong-kong-exchange">momentum builds on recent optimism</a> following Chinese President Xi Jinping&#8216;s supportive stance toward private enterprise, demonstrated at a high-level business symposium that included prominent tech leaders. The gathering notably featured Alibaba founder Jack Ma&#8216;s first major public appearance with top leadership since Beijing&#8217;s 2020 regulatory crackdown.
However, investors are watching U.S.-China tensions, as recent tariffs imposed by President Donald Trump&#8216;s administration and the Federal Reserve&#8217;s cautious approach to rate cuts could influence PBOC&#8217;s monetary policy decisions. 
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BAIDF

XIACY

Alibaba Spikes 11% In Hong Kong As Tencent, Xiaomi Lead Tech Rally On Earnings Optimism, Chinese Stimulus Hopes

Chinese technology stocks extended gains Tuesday, as investors continued to react to President Xi Jinping&#8216;s supportive stance toward the private sector demonstrated at Monday&#8217;s <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">high-level business symposium</a>.
What Happened: By 11:59 a.m. Hong Kong time, the Hang Seng Index had surged 2.5% to 23,080, and mainland China&#8217;s CSI 300 Index had advanced 0.40% to 3,963. Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) surged 4.34% to HKD 127.50 ($16.39), while Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) climbed 5.87% to HKD 47.80 ($6.14).
Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) rose 3.42% to HKD 510.50 ($65.62), as JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) added 0.95% to HKD 158.60 ($158.60) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) gained 1.06% to HKD 90.80 ($11.67).
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a>
Why It Matters: The market enthusiasm follows Xi&#8217;s Monday meeting with prominent business leaders, including Alibaba founder Jack Ma&#8216;s first major public appearance with top leadership since Beijing&#8217;s 2020 tech crackdown. 
The gathering, which included executives from Xiaomi, Huawei, and BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), comes amid escalating U.S.-China tensions, with recent retaliatory tariffs and export controls on critical minerals <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">affecting both nations</a>.
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BYDDF

Xi Jinping's Supportive Appearance Sparks Chinese Tech Rally For Second Day: Alibaba, Xiaomi Surge Over 4% On Hong Kong Exchange

On Monday, the Hong Kong-listed shares of&nbsp;Baidu&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) took a nosedive by 7%, wiping out $2.4 billion from the company&#8217;s market value. This sharp decline came in the wake of the company founder&#8217;s noticeable absence from a pivotal meeting with President Xi Jinping.
What Happened: President Xi had called a meeting in Beijing with top Chinese business leaders, including&nbsp;Alibaba&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) founder Jack Ma and Huawei&#8217;s Ren Zhengfei. However, Reuters reported that Baidu&#8217;s founder, Robin Li, was not present at the meeting. <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">The meeting with Xi</a> was perceived as a sign of the government&#8217;s backing for China&#8217;s tech sector amid years of regulatory scrutiny and uncertain U.S. relations.
Meanwhile, Baidu announced on Sunday, its plans to integrate both DeepSeek and its proprietary Ernie large language models (LLMs) into its search engine to provide a more diverse search experience following rival&nbsp;Tencent&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) declaration that they would integrate DeepSeek's AI model into WeChat search.
SEE ALSO: <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-ad-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">Xi Jinping And Jack Ma&#8217;s Upcoming Meeting &#8216;A Clear Message&#8217; Of Beijing&#8217;s Support, Stock Soars In Hong Kong Ahead Of Earnings</a>
Why It Matters: Last week, Baidu&#8217;s shares surged nearly 12%, fueled by excitement over China&#8217;s advancements in AI and the earlier launch of DeepSeek R1. Seizing the moment, the company unveiled an upgraded version of its Ernie AI bot and revealed plans to open-source its AI models. The recent losses are largely attributed to profit-taking following the AI-driven rally. The company is also scheduled to release its fourth-quarter earnings on Feb. 18.
However, Li&#8217;s absence has led to speculation about Baidu&#8217;s waning influence in the market. The company has been struggling with declining ad revenue, while its cloud division has experienced limited growth despite expanding its AI offerings over the past two years.
Baidu&#8217;s recent stock market performance comes amid a broader context of the company&#8217;s efforts to stay competitive in the AI market. Baidu is<a href="https://www.benzinga.com/markets/25/02/43685601/after-deepseek-shook-wall-street-chinas-baidu-gears-up-for-ai-battle-with-next-gen-ernie-5-0-launch-in-late-2025"> preparing to launch its next-generation AI model</a>, Ernie 5.0, later this year to compete with new entrants like DeepSeek. 
Furthermore, Baidu&#8217;s CEO has emphasized the importance of continued investment in AI, despite the cost-effectiveness of AI models like DeepSeek. At the World Government Summit in Dubai, Robin Li <a href="https://www.benzinga.com/markets/25/02/43616825/deepseeks-success-just-the-start-more-ai-funding-still-very-much-required-says-baidu-ceo-you-just-dont-know-when-and-where-innovations-come-from">highlighted the need for more investment </a>to develop smarter models.
<ul>
<li>READ MORE:<a href="https://www.benzinga.com/news/global/25/02/43762315/ai-adoption-to-boost-chinese-stocks-by-up-to-200-billion-predicts-goldman-sachs-eps-to-rise-by-2-5-annually-over-next-10-years"> </a><a href="https://www.benzinga.com/news/global/25/02/43762315/ai-adoption-to-boost-chinese-stocks-by-up-to-200-billion-predicts-goldman-sachs-eps-to-rise-by-2-5-annually-over-next-10-years">AI Adoption To Boost Chinese Stocks By Up To $200 Billion, Predicts Goldman Sachs: EPS To Rise By 2.5% Annually Over Next 10 Years</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Baidu's Market Value Plummets By $2.4 Billion Following CEO's Absence From Crucial Meeting Led By Chinese President Xi

U.S.-listed Chinese stocks continue to gain steam after the country introduced DeepSeek and Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) affordable AI models.
Alibaba Chair Joseph Tsai <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-13/apple-s-iphone-will-use-alibaba-ai-in-china-joe-tsai-says?sref=TBDibEcD" rel="noreferrer noopener">confirmed to</a> Bloomberg that Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones will use&nbsp;Alibaba&#8217;s AI technology. Reportedly, Apple submitted AI features that were co-developed with Alibaba for China&#8217;s approval.
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/02/43691826/not-just-deepseek-chinas-ai-landscape-heats-up-as-baidu-launches-free-ernie-bot" target="_blank" rel="noreferrer noopener">Not Just DeepSeek, China&#8217;s AI Landscape Heats Up As Baidu Launches Free Ernie Bot</a>
Apple&#8217;s move marks its focus on boosting <a target="_blank" href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval" rel="noreferrer noopener">its position</a> in China, as the lack of Apple Intelligence capability in current iPhones in the country and government-incentivized local vendors have cost it its market share.
China also mandated that international companies collaborate with domestic companies as a primary partner, which prompted Apple to partner with&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
Apple continued its&nbsp;partnership with Baidu on AI features for the Chinese market, the Information <a target="_blank" href="https://technode.com/2025/02/14/apple-to-continue-partnership-with-baidu-collaborate-with-alibaba-on-ai-for-iphone/" rel="noreferrer noopener">reported</a>.
Baidu is developing AI-based search features for Apple to enhance image and text processing and improve the Chinese-language Siri experience. Apple had initially considered&nbsp;Baidu to be its leading AI model partner, but it did not materialize.
Apple&nbsp;has also explored&nbsp;Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;ByteDance, and&nbsp;DeepSeek&#8217;s&nbsp;AI models.&nbsp;
By 2028, Counterpoint expects most smartphones priced above $250 to be Generative AI-capable.
Apple&#8217;s China revenues have fallen for <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43668203/apple-teams-up-with-alibaba-for-ai-analyst-says-edge-device-integration-could-boost-growth" rel="noreferrer noopener">six consecutive quarters</a> as competitors Huawei and Xiaomi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) have gained a market share. BofA Securities&#8217; Wamsi Mohan expects Apple to regain its lost ground in China by launching Apple Intelligence.
China is Apple&#8217;s second-most important market after the U.S., and it is the biggest market for smartphones, computing, and artificial intelligence.
Apple is amid efforts to bring its AI features to China by the middle of 2025, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-14/apple-plans-to-overhaul-china-iphones-with-ai-by-middle-of-year?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing unnamed sources familiar with the matter.
The iPhone maker has teams in China and the U.S. working to acclimate its Apple Intelligence platform for the country, aiming for a launch by May.
Alibaba Group stock surged 63% in the last 12 months. Investors can gain exposure to Alibaba through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Price Action:&nbsp;BABA stock is up 6.16% at $126.90 premarket at the last check Friday. BIDU is up 3.15%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/emerging-markets/25/02/43619521/deepseek-impact-billionaire-david-tepper-bets-big-on-china-increases-stakes-in-alibaba-jd-com-and-pdd" target="_blank" rel="noreferrer noopener">DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD</a></li>
</ul>
Photo via Shutterstock

ONLN

Citigourp Global Markets 2% Protected Notes Linked To The Djia

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Apple Focuses On Alibaba, Baidu Partnership In Race To Bring AI Features To China by Mid-2025

Apple&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;tapped Alibaba&nbsp;Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;to develop and roll out <a target="_blank" href="https://www.benzinga.com/topic/smartphones" rel="noreferrer noopener">artificial intelligence features for iPhone</a> users in China, the Information <a target="_blank" href="https://www.theinformation.com/articles/apple-partners-with-alibaba-to-develop-ai-features-for-iphone-users-in-china" rel="noreferrer noopener">cited</a> an unnamed source familiar with the matter.
Apple&#8217;s move marks its attempts to consolidate its position in China as Apple Intelligence capability is unavailable to iPhone users.
It <a target="_blank" href="https://www.benzinga.com/25/01/42986042/apple-sees-market-share-decline-in-2024-as-chinese-smartphone-brands-surge-globally-idc" rel="noreferrer noopener">lost market share</a> in the country to government-incentivized local vendors amid intensifying geopolitical tensions with the U.S.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43474095/apples-app-store-booms-as-chatgpt-productivity-apps-drive-revenue-growth-analyst-says" rel="noreferrer noopener">Apple&#8217;s App Store Booms As ChatGPT, Productivity Apps Drive Revenue Growth, Analyst Says</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11114356/newplot-1-1.png" alt="" class="wp-image-776970" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11114356/newplot-1-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11114356/newplot-1-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
China also mandated international companies to tap a domestic company as a primary partner, which prompted Apple to partner with Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) to develop an AI model, only to part ways later as the latter failed to impress.
Meanwhile, Apple and Alibaba submitted their co-developed Chinese AI features for China&#8217;s regulatory approval, Reuters reports.
Apple <a target="_blank" href="https://www.benzinga.com/news/24/12/42569744/apple-reportedly-in-talks-with-tencent-tiktok-parent-bytedance-to-roll-out-ai-features-in-china" rel="noreferrer noopener">has also explored</a> Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), ByteDance, and DeepSeek&#8217;s AI models. However, the DeepSeek team lacked the expertise to support a large customer like Apple, according to the report.
DeepSeek&#8217;s affordable AI model reports triggered a U.S. tech selloff, with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) losing <a target="_blank" href="https://www.benzinga.com/25/01/43390988/deepseek-and-nvidia-under-us-investigation-ai-market-shakeup-wipes-out-1-trillion-in-tech-value" rel="noreferrer noopener">$600 billion in</a> market value in a single day.
In the U.S., Apple partnered with Microsoft-backed OpenAI to integrate <a target="_blank" href="https://www.benzinga.com/news/24/06/39256948/tim-cook-announces-apple-intelligence-for-iphones-calls-it-next-big-step-tremendously-excited" rel="noreferrer noopener">ChatGPT into iOS 18, iPadOS 18, and macOS 15 Sequoia</a>. The AI feature is available free of charge and does not log user data.
OpenAI targets a billion users&nbsp;by 2025, driven by <a target="_blank" href="https://www.benzinga.com/media/24/12/42259023/apple-partnership-ai-agents-and-major-infrastructure-investments-openai-executives-outline-strategy-to-attract-1b-users-by-2025" rel="noreferrer noopener">new AI products</a>, a key partnership with&nbsp;Apple, and significant infrastructure investments.
Recently, Apple&#8217;s Tim Cook lauded DeepSeek <a target="_blank" href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" rel="noreferrer noopener">for driving efficiency</a>. By 2028, Counterpoint expects 90% of smartphones priced above $250 to be Generative AI-capable.
Price Actions: At last check Tuesday, AAPL stock was up 3.05% at $234.60. BABA is up 3.49%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/emerging-markets/25/02/43619521/deepseek-impact-billionaire-david-tepper-bets-big-on-china-increases-stakes-in-alibaba-jd-com-and-pdd" target="_blank" rel="noreferrer noopener">DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD</a></li>
</ul>
Image Via Shutterstock

Apple's AI Split: Chooses Alibaba For China And OpenAI For Everyone Else

As China's tech sector stages a strong comeback, investors are increasingly looking at <a href="https://www.benzinga.com/etfs">ETFs as a way to gain exposure</a> to this space. 
Whether it's internet giants, broad technology firms, or a mix of leading Chinese companies, ETFs offer a diversified way to take a bite of surrounding China's innovation boom.
Here are three ETFs that provide investors with access to China's rebounding tech sector.
Also Read: <a href="https://www.benzinga.com/news/global/25/01/43315374/ai-etfs-in-focus-as-alibaba-challenges-deepseek-with-new-model">AI ETFs In Focus As Alibaba Challenges DeepSeek With New Model</a>
<ul>
<li>Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>): This ETF provides concentrated exposure to China's tech giants. It also mirrors the FTSE China Incl A 25% Technology Capped Index, which includes major players like Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), companies at the forefront of AI, e-commerce, and cloud computing. Recently, Baidu Cloud and Tencent Cloud integrated DeepSeek&#8217;s AI model into their platforms. With DeepSeek's upward rise, both companies witnessed a surge, and pulled CQQQ up along with it. The ETF has rallied 13.5% year-to-date and 45% in the past year.</li>
</ul>
<ul>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>): This ETF provides exposure to China's big internet names, mirroring the CSI Overseas China Internet Index. The fund&#8217;s holdings include major players like Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent, and Baidu. Alibaba's latest AI model has <a href="https://www.benzinga.com/25/01/43311376/alibaba-unveils-qwen25-max-claims-it-beats-deepseek-and-openai-in-ai-performance-race">reportedly outperformed</a> Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama and DeepSeek's V3 in various tests. This led the company's stock to surge, lifting KWEB along with it. As Wall Street brokers turn more optimistic on China's valuation discount disappearing, KWEB stands to benefit from increased foreign inflows. The ETF has grown 12.6% year-to-date and 32.5% in the past year.</li>
</ul>
<ul>
<li>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>): This ETF provides a broader exposure while maintaining access to substantial allocation to technology stocks. China's largest and most liquid companies, including Tencent, Alibaba, Meituan and Xiaomi are among MCHI&#8217;s holdings. HSBC recently noted that the valuation gap between China and emerging markets may narrow as global funds flow into Chinese stocks. Deutsche Bank echoed the sentiment.</li>
</ul>
<h3 class="wp-block-heading">Market Overview</h3>
The Hang Seng Tech Index is currently trading at 17 times forward earnings estimates, significantly cheaper than the Nasdaq 100's 27 times valuation, according data compiled by Bloomberg. This suggests ample room for price appreciation, making MCHI an appealing option. The ETF has climbed 8.32% this year thus far, and 31.25% in the past 12 months.
After years of regulatory headwinds and economic uncertainty, China's tech sector is making a roaring comeback. A surge in AI innovation and favorable valuations have propelled the Hang Seng Tech Index into a bull market, with Wall Street analysts increasingly bullish on the space, said Bloomberg in a report. Heavyweights like Xiaomi and Alibaba are among the companies leading the rally.
Meanwhile, Bloomberg reported that analysts at Deutsche Bank argue that China's innovation-driven resurgence will force global investors to turn sharply toward the nation's stocks, despite geopolitical risks.
Favorable valuations have helped reinforce the upbeat sentiment. As Deutsche Bank's Peter Milliken put it in a research note: "We think 2025 is the year the investing world realizes China is outcompeting the rest of the world." 
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43565442/exclusive-defiance-ceo-talks-about-the-new-orcx-etf-launch-and-all-things-ai">EXCLUSIVE: Defiance CEO Talks About The New ORCX ETF Launch And All Things AI</a></li>
</ul>
Photo: Shutterstock

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