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Alibaba shares soar after Chinese tech giant unveils DeepSeek rival QwQ-32B newsthirst.

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting a new…

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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers newsthirst.

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared as much as as 11%,…

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