Nasdaq Golden Dragon China Index Up 4%, Alibaba Up Over 7%

During US trading, the Nasdaq Golden Dragon China Index saw its gains expand to 4%, with Kingsoft Cloud surging over 17%, JD.com rising over 8%, Baidu and NIO both rising over 6%, and Li Auto and Bilibili both exceeding a 4% increase.

Alibaba gained over 7%, after previously falling more than 3%. The company's teleconference forecasted that AI ARR will exceed 30 billion yuan by the end of the year, with capital expenditure surpassing 380 billion yuan.

Popular China-based stock, 21Vianet, jumped over 31%, following the announcement of introducing new strategic investor, CATL.