智通财经网·2025-09-21 08:45Group 1 - The core narrative around AI in China has significantly changed, with the Hang Seng Tech Index rising 41% this year, outperforming the Nasdaq's 17% increase [1][3] - The surge began with DeepSeek's breakthrough in AI at the start of the year and accelerated in September, indicating a pivotal moment for AI development in China [3] - Major Chinese tech companies like Alibaba, Tencent, and Baidu have seen substantial stock price increases of 96%, 55%, and 59% respectively this year, reflecting strong market optimism [4] Group 2 - The AI sector's growth is not limited to large tech firms but also includes chip manufacturers and biotech companies, with the CSI AI Index returning over 61% and the Hang Seng Biotech Index rising 98% [4] - Initially, the AI market rally was driven by domestic investors, but global investors are now returning to China, attracted by technological advancements and relatively low valuations [4] - Analysts have praised AI models from companies like Alibaba, Tencent, and Baidu, which have performed well in industry benchmarks, fueling hopes for widespread commercialization of AI technology in China [3]