HK Movers | AI Stocks Jump with Kingsoft Cloud up over 9%; Alibaba up About 7%; Baidu up over 5%. Alibaba's AI Spending to Exceed Goals on Signs of Payoff

Tiger Newspress

05/14

AI stocks jumped in Hong Kong market. Kingsoft Cloud up over 9%; Alibaba up about 7%; Baidu up over 5%; MiniMax up about 3%.

China's Alibaba said it would exceed its planned AI investment of up to 380 billion yuan ($55.96 billion) over the next ‌three years, as early signs of returns from the technology pushes it to ramp-up its cloud-computing capacity.

The company missed market expectations for fourth-quarter profit, but executives said Alibaba has a clear outlook for returns on AI spending over the next three to five years.

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Alibaba's AI Spending to Exceed Goals on Signs of Payoff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-05-14 09:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AI stocks jumped in Hong Kong market. 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