After languishing for much of the year, Hong Kong stocks are staging a comeback as investors rotate away from hardware stocks into discounted Chinese internet platforms.

Chinese investors are pulling back from Hong Kong’s stocks at the fastest pace in more than five years, threatening to deepen a selloff.

Pessimism has gripped Chinese stocks, with no end in sight for a deepening selloff as investors confront the realities of an economy that’s weak enough to erode corporate profits but not to trigger forceful new stimulus.

There’s no end in sight for the selloff in China’s artificial intelligence model developer stocks, with competition growing ever more heated and the threat of rival listings next year.

MiniMax Group Inc. shares wiped out all of their gains since their January trading debut, as intense rivalry forces investors to reassess the Chinese artificial intelligence model developer.

The memory-chip sector is prone to “vicious” boom-and-bust cycles and the problem may only worsen as Chinese companies ramp up capacity, according to Cathie Wood of ARK Investment Management LLC.

Chinese shares fell following a week-long break as inflation-induced weakness in Asia’s technology sector added to pressure from sluggish holiday spending.

Hong Kong’s main technology stock benchmark is expanding its number of constituents to 50 from 30 in a major revamp to better represent the fast-growing artificial intelligence and robotics sectors.

Hong Kong’s stock benchmark led losses in Asia as trading resumed after a holiday, pressured by the recent surge in US yields and disappointment over China’s latest stimulus measures.

Shares of Chinese AI model developers fell after a report that the country’s regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.

China’s AI developers have already lost billions in a bruising stock selloff, and a push by US developers to cut Chinese rivals off from frontier models threatens to add to the pain if it succeeds.

The latest batch of earnings showed the impact of China’s intense food-delivery price competition is fading more quickly than expected, removing a major drag on sector stocks.

Alibaba Group Holding Ltd.’s efforts to revive sentiment after its $10 billion share placement has failed to dispel investor concerns over how it chose to finance its AI ambition.

Bearish bets against shares of Z.AI Co. and MiniMax Group Inc. have soared to records ahead of their earnings reports, highlighting growing investor worry over China’s heated AI rivalry.

Alibaba Group Holding Ltd. is reclaiming its place as one of investors’ favorite Chinese technology stocks, on bets it can beat rivals in the combative artificial intelligence market.

With record trading volumes and new listings providing little boost for shares of Hong Kong Exchanges & Clearing Ltd., analysts are increasingly looking for a jolt from the company’s expansion of non-equity business.

Alibaba Group Holding Ltd. shares rose the most in two weeks as the launch of a new ecommerce platform boosted optimism toward the company before its June quarter earnings this week.

CXMT Corp.’s ascent to the pinnacle of Chinese markets heralds a potentially consequential shift away from private-sector giants toward a new generation of hardware companies more closely aligned with Beijing’s strategic ambitions.

Hong Kong’s main technology stock benchmark is set for a revamp to include more companies representing the fast-growing artificial intelligence and robotics sectors, a long‑awaited move for investors eager to better capture China’s technological advances.

Tencent Holdings Ltd.’s early success with WorkBuddy may give the Chinese Internet giant a chance to catch up after lagging peers in the artificial intelligence race for the past few years.