BABA is trading at $139.03 (+5.1%) in pre-market following reports of its participation in DeepSeek's $45B fundraising round led by China's state-backed chip fund.

  • The investment is fueling investor optimism for AI-driven growth, lifting broader Chinese tech sentiment as Nasdaq futures climb 1.32%.
  • Shares are building on yesterday's close of $132.26, supported by earlier chip unit IPO plans and analyst upgrades to a $190 price target.