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The Nexus
BUSINESSJul 8 · 12:30 UTCSCMP CHINACoco Feng

Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism

Alibaba Group Holding's shares rose 12.2% in Hong Kong amid expectations of revenue growth driven by AI demand and reduced food delivery losses. Equity analysts anticipate reaccelerated revenue in the June quarter, with rivals Tencent and Meituan also seeing share gains.

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Alibaba Group HoldingorganizationTencentorganizationMeituanorganizationHang Seng Tech IndexorganizationT-Head chipstopicAI revenuetopic
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