Alibaba Shares Rise as China Plans Approval of H200 Imports

Alibaba Group Holding Ltd. shares jumped on optimism that the tech giant can benefit if Nvidia Corp.’s H200 chips are made available in China.

The stock climbed as much as 4.8% in Hong Kong, the most since Nov. 24, after China’s plans to approve some imports of the H200 chips as soon as this quarter. Other Chinese artificial intelligence firms Kuaishou Technology and JD.com Inc. also gained more than 4% each.