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BUZZ-Alibaba HK shares climb most in 2 weeks after unveiling next-gen chip for agentic AI

Reuters
昨天
BUZZ-Alibaba HK shares climb most in 2 weeks after unveiling next-gen chip for agentic AI

** Hong Kong shares of Alibaba 9988.HK climb 3.6% to HK$124, on course for the biggest one-day pct gain since March 10

** Stock set to snap three straight sessions of losses

** Alibaba on Tuesday revealed its next-generation XuanTie C950 5-nanometer processor at an internal conference, the company said in a blog post, as the Chinese tech giant gears up for the shift towards agentic AI

** The move comes after Alibaba last week launched Wukong, its enterprise platform optimised for AI agent workflows, as companies and institutions throughout China adopt OpenClaw

** YTD, Hong Kong stock down 13.7%, Hang Seng TECH Index .HSTECH down 12.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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