NewsHK
The technological rivalry between China and the United States for artificial intelligence dominance has intensified, and its effects are showing up directly in Hong Kong's equity market.
Shares in Alibaba and Baidu rose in Hong Kong after news of an Apple AI partnership, a move that lifted broader technology sentiment and placed the U.S.-China AI race at the center of a fresh round of sector pricing.
The two Chinese technology companies, already closely watched as proxies for the health of China's AI push, gained as investors processed what the Apple link might mean for the demand environment across the sector.
What moved the shares The Apple AI partnership pushed Alibaba and Baidu higher in Hong Kong.
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