Alibaba Leads China Tech Gains as Regulatory Woes Ease Further

A scooter rider passes a logo outside Alibaba’s headquarters in Hangzhou on Jan. 20. Photo: Bloomberg

(Bloomberg) — Chinese tech stocks jumped as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending.

Alibaba Group Holding Ltd. rallied as much as 8.3% to lead gains on the Hang Seng Tech Index, which rose more than 3% early Monday. The broader market also advanced, with the Hang Sang China Enterprises Index rising as much as 2.5%.

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