The Shanghai Composite Index rose 0.4% to 3,812 on Tuesday, while the Shenzhen Component advanced 0.7%, as selling pressure on technology shares eased after a recent sharp pullback. Investors shifted their focus to upcoming earnings from major global tech companies, seeking fresh signals on the durability of the AI-driven market rally.
Sentiment was further supported by news that Jijia Vision is in talks to launch GigaAI’s IPO in Hong Kong as early as this year, underscoring the growing pipeline of Chinese AI firms preparing to go public. Several domestic AI startups—including DeepSeek, Moonshot AI, and 01.ai—are also reportedly exploring listings, as they race to compete with leading US developers and accelerate the commercialization of their technologies.
Technology and AI-related stocks led the advance, with Cambricon Technologies up 1.6%, Hygon Information Technology gaining 5.0%, Zhongji Innolight adding 2.5%, and Eoptolink Technology climbing 5.6%.
