JPMorgan Chase: Driven by artificial intelligence, the average stock price of China's internet has risen 22% since the beginning of the year

The report from JPMorgan Chase points out that, as measured by KWEB (KraneShares CSI China Internet ETF), the average stock price of the Chinese internet industry has risen 22% since the beginning of the year. This is believed to be mainly driven by a resurgence in China's artificial intelligence industry. The report states that within JP Morgan's coverage, most stocks related to artificial intelligence have performed above the industry average so far this year, except for Tencent Holdings (00700.HK). For example, Ali Health (00241.HK) rose 47%, Kuaishou (01024.HK) rose 29%, Kingsoft Cloud (03896.HK) rose 98%, and Baidu (09888.HK) rose 16%.