Shanghai Able jumps most in over 6 months on Alibaba Cloud tie-up

Alibaba Holding

Today 03:39

** Shares of Shanghai Able Digital Science&Tech 2687.HK jump 9.2% to HK$142.6, on track for the biggest one-day pct gain since December 9, 2025
** Stock hits the highest level since June 10 
** China-based digital teaching and learning solutions provider said it entered into a framework agreement with Alibaba Cloud Computing to jointly explore a new paradigm for next-generation industrial intelligence
** Says the parties will develop synergies across knowledge token empowerment for large models and joint research and development of physical artificial intelligence 
** YTD, Shanghai Able shares down 12.8%, Alibaba Hong Kong stock 9988.HK down 29%, Hang Seng TECH Index .HSTECH down 17.9%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))