Another day, another round of mind-boggling ChatGPT-related stock moves in Hong Kong and mainland China. A slump in Alphabet, the owner of Google, in New York overnight is a timely alarm bell.
Zhihu, China’s Quora-like online forum, surged 40 per cent on Wednesday after briefly hitting an all-time high of HK$36.60 and enriching shareholders by nearly HK$3 billion (US$382 million). The rally has pushed its year-to-date winning to 55 per cent.
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