Reported 4 days ago
Tencent Holdings' shares hit a peak not seen since 2021 after DeepSeek, a transformative AI service, launched on WeChat, boosting investor confidence. In contrast, rival Baidu's shares fell by 8.8% amid profit-taking ahead of its earnings report. The surge in Chinese tech stocks follows a meeting between President Xi Jinping and Jack Ma, highlighting growing optimism around AI's potential impact on the economy.
Source: YAHOO