BABA is trading at $136.62, up 3.0% from its prior close, as the company adopts the OpenClaw open-source AI framework amid a broader rally in the Chinese tech sector.
- The gain follows a 6.2% surge in Tencent shares after the launch of its WorkBuddy AI agent, signaling an intensifying race for AI agent technology among major Chinese firms.
- Market sentiment is further bolstered by stabilizing energy markets as geopolitical tensions ease, increasing investor appetite for growth-oriented stocks.