(Jan 9): 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. The shares are boosted by the expectation that China may allow domestic players to use H200 chips, which should bode well for firms like Alibaba, said Vey-Sern Ling, managing director at Union Bancaire Privee. Access to these AI semiconductors would help Chinese firms upgrade and run their models as they seek to compete with the likes of OpenAI and other US rivals. Alibaba has been the biggest spender among Chinese firms to power AI-related businesses, and a secure chip supply is expected to boost its cloud segment.

Source: The Edge Markets January 09, 2026 05:32 UTC