China's EV industry heats up: can Xiaomi and BYD outpace Tesla?
The Hang Seng Index indicates a notable recovery of the Hong Kong economy, with a 56.51% growth since January 2025. Investors are primarily focused on AI and electric vehicle (EV) stocks. Mainland China's commodity markets are also moving, as Alibaba stocks have surged 71% since the start of the year following the launch of DeepSeek AI, which is 96% more energy-efficient than other well-known GPTs.