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flag Chinese tech stocks hit a four-year high on AI progress and chip advances, led by Baidu and Alibaba.

flag Chinese tech stocks surged to a four-year high, led by Baidu and Alibaba, as investor optimism grew over AI advancements and semiconductor independence. flag Baidu's shares rose up to 17% after deploying its self-developed Kunlun P800 chip for AI model training and securing a major AI partnership with China Merchants Group. flag The Hang Seng Tech Index hit its highest level since 2021, fueled by strong AI investments, easing U.S.-China tensions, and domestic chip development. flag Companies like Alibaba, JD.com, and Meituan also saw gains, with Alibaba benefiting from AI-driven cloud growth and speculation about founder Jack Ma’s return. flag China’s tech firms are expected to spend $32 billion on AI in 2025, more than double 2023 levels, as they aim to reduce reliance on U.S. technology.

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