Alibaba Group Holding Ltd. ($BABA) shares rose as much as 5.8% in Hong Kong, reaching their highest level since mid-November, after the company announced that its new artificial intelligence model outperformed Meta Platforms’ Llama and DeepSeek’s V3 in various tests. This surge in Alibaba's stock is part of a broader trend, as US-listed Chinese stocks rallied following positive GDP growth data from China. Other notable gainers included JD.com ($JD), which rose 4.5%, Tencent Holdings ($TCEHY) with a 4.1% increase, and Pinduoduo ($PDD), which surged 9.0%. The KraneShares CSI China Internet ETF ($KWEB) also saw a rise of 1.3%. In contrast, US markets have been experiencing a downturn, with several major tech stocks, including Amazon ($AMZN) and Netflix ($NFLX), showing signs of recovery as they traded in the green.