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Chinese tech stocks extended their rally Thursday, fueled by persistent investor enthusiasm for the country’s artificial intelligence developers.
The Hang Seng Tech Index climbed as much as 2%, led by gains in JD.com Inc., the e-commerce giant with ambitious AI plans, and smartphone maker Xiaomi Corp. The index, which tracks Chinese technology companies listed in Hong Kong, is now set for its eighth consecutive weekly advance, the longest winning streak since its inception.