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<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2026-05-14 09:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>AI stocks jumped in Hong Kong market. Kingsoft Cloud up over 9%; Alibaba up about 7%; Baidu up over 5%; MiniMax up about 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/52033025b09f3b46e5846514a76c23a8\" tg-width=\"503\" tg-height=\"384\"/></p><p>China&#39;s <a href=\"https://laohu8.com/S/09988\">Alibaba</a> 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.</p><p>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.</p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02556","symbol_name":"邁富時","start_time":0,"source_url":"","article_id":"1178059198","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178059198","pubTimestamp":1778723723,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"AI stocks jumped in Hong Kong market. 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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.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"productRelease,movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}