Alibaba shares rally 11% this week, outpacing Tencent

9 articles · Updated · Bloomberg · May 6

Tencent shares rose about 2%, as investors favoured Alibaba's planned listing of chip unit T-Head amid a broader Asian semiconductor rally.
The move highlights a widening gap between the Chinese internet groups, with Alibaba benefiting from chip exposure while Tencent remains more focused on AI models and applications.
Earlier in US trading, Alibaba's ADR had climbed 6.94% to $141.44, beating the wider market but still sitting 26.59% below its 52-week high.

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