Yahoo Financeยท2025-09-25 08:37Group 1 - Chinese tech stocks are experiencing a rally, with the Hang Seng Tech Index rising 0.9%, marking its eighth consecutive weekly advance, the longest winning streak since its inception [1][2] - The upward momentum is attributed to grassroots AI advancements and government support for the sector, alongside Alibaba's plans to increase AI spending and its partnership with Nvidia [2][3] - The benchmark's year-to-date gain has reached approximately 44%, indicating a significant recovery from the previous year's regulatory challenges and economic slowdown [3] Group 2 - JD.com shares increased by 3.5% as the company announced plans to invest over the next three years to build a trillion-yuan AI ecosystem [5] - Xiaomi shares rose over 4% ahead of the launch of its flagship smartphone, the Xiaomi 17, which will compete with Apple's iPhone 17 [5] - Baidu's shares climbed over 2% following the announcement that its autonomous driving unit received a driving trial permit in Dubai [5] Group 3 - The Hang Seng Tech Index is now trading at 21.5 times forward earnings estimates, exceeding its three-year average of 18, indicating a technically overbought condition [6]