BEIJING -- Top Chinese technology stocks have raced ahead in the wake of DeepSeek's claim to have slashed the cost of artificial intelligence, leaving American tech giants in the dust.
The combined market value of Tencent Holdings, Alibaba Group Holding, Xiaomi, Semiconductor Manufacturing International Corp., BYD, JD.com and NetEase -- recently dubbed the "Seven Titans" by Societe Generale -- jumped about 26% from the end of 2024 through Thursday.
