Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

MILAN (Reuters) - Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.

Marshall Group sells a majority stake in the guitar amp and headphones maker to Hong Kong venture capital firm HongShan Capital Group for $1.1 billion

Chinese tech and e-commerce giant Alibaba on Wednesday announced the release of Qwen2.5-Max, an advanced artificial intelligence model that the company says outperforms several leading AI systems in key benchmarks.

Blue Pool has bought a 12 per cent stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday.

Hong Kong stocks rallied on Monday, with the Hang Seng Index gaining over 500 points at one point during the afternoon trading session. The index touched a high of 20,093.65 before closing at 19,925.81,

UBS estimates US$236 billion of fund inflows in 2025 as a result of Beijing’s directive to funds to shore up the capital markets.

Alibaba Group Holding released on Wednesday an upgraded version of its Qwen artificial intelligence (AI) model, which it said "comprehensively outperformed" in certain benchmark tests DeepSeek-V3, the large language model (LLM) launched in December by China's hottest start-up.

Hong Kong stocks jumped following a positive phone call between ... Leading the pack was e-commerce giant JD.com, which surged 4.1 per cent to HK$152.70, while peer Alibaba Group Holding rose 2.3 per cent to HK$82.60 and tech giant Baidu advanced 2.8 ...

China’s tech stocks outperform US rivals as AI wars heat up—Baidu surges 7.66%, Hang Seng gains 0.79%. US officials weigh tighter Nvidia export curbs as DeepSeek’s AI success raises national security concerns.

With China's DeepSeek AI model rocking the U.S. tech sector, some tech-heavy aggressive investors may wish to diversify into the Chinese market. Undoubtedly, Chinese internet stocks have been under serious pressure for many years now.

Concerns of algorithm abuse, such as unfair pricing targeting different demographics, have prompted users to try creative solutions The Lunar New Year holiday is among the priciest time to travel in China,