Alibaba unveils AI chip—Zhenwu, Global X China Robotics And Ai Etf (02807.HK) rises nearly 2%.

NewSpace Insights: Positive catalysts continued to drive sentiment, with the semiconductor sector surging across the board today. On the evening of January 28, the three major U.S. stock indices advanced, led by chip stocks, as the memory chip segment skyrocketed following robust earnings announcements from multiple companies.

After the market opened on January 29, the Global X China Semiconductors ETF (02807.HK) demonstrated strong performance, rising nearly 2%. The fund has delivered impressive returns year-to-date, gaining over 20%.

According to Hong Kong Exchanges and Clearing data, GX China Semiconductors (02807.HK), officially known as Global X China Artificial Intelligence and Robotics ETF, is issued by Global X, a brand under Mirae Asset, and listed on the Hong Kong Stock Exchange. The fund tracks the FactSet China AI and Robotics Index, which comprises approximately 60 constituent stocks spanning A-shares (around 45%), Hong Kong stocks (around 35%), and U.S.-listed Chinese ADRs (around 20%). Individual stock weightings are capped at 8%, with quarterly rebalancing applied.

On the news front, Alibaba unveiled its self-developed AI chip Zhenwu. Alibaba's T-Head semiconductor unit officially listed the high-end AI chip Zhenwu 810E on its website on January 29. The chip features fully self-developed software and hardware, and has already been deployed in multiple 10,000-card clusters within Alibaba Cloud. This marks the debut of Alibaba's "AI Golden Triangle"—comprising Tongyi Lab, Alibaba Cloud, and T-Head.

CITIC Securities noted that looking ahead to 2026, the development of computing power demonstrates high certainty, with supernode technology approaching an inflection point opportunity. Major tech giants' Capex investments validate the demand logic, and coupled with the enhanced competitiveness of domestic computing power vendors, the firm sees investment opportunities in domestic AI chips and system-level providers. (Source: CITIC Securities, "Computer Industry 2026 Investment Outlook—Seizing the Domestic AI Inflection Point," January 16, 2026)

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