DeepSeek Sparks Hope for Renaissance in China’s Tech Megacaps
- Investor focus shifting from risks to potential: Gam’s Cortesi
- Hang Seng Tech trades cheaper than historical, peer levels
The latest wave of services should accelerate AI adoption by enterprises as well as consumers.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
The rise of Chinese AI startup DeepSeek is forcing investors to re-evaluate the nation’s leading internet companies and their potential to capitalize on artificial intelligence that’s boosted global peers.
Market watchers are increasingly touting how the AI model will be a game changer for Chinese tech companies and their stocks, which have remained under pressure by concerns over the economy. Already Alibaba Group Holding Ltd. shares surged last week over such hype, with a gauge of tech stocks entering a bull market on Friday.