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News 2026-09-22 03:22 UTC

Alibaba HK shares hit month high on new AI chip, model plan

* Hong Kong shares of Alibaba Group surge 5.1% to HK$118.3, their highest level since August 21 * Stock set for biggest one-day pct gain since August 3 in the third straight session of gains * Second biggest pct gainer in benchmark Hang Seng Index, which rises 0.6% * Chief Executive Eddie Wu says Alibaba plans to train