Growing enthusiasm for artificial intelligence plans at Alibaba Group Holding Ltd. has once again made it China’s hottest technology stock, as investors rush back into the $420 billion internet titan.
Hong Kong-listed shares of the company are up 52% in September, making them the best performer on the Hang Seng Tech Index. That marks a turnaround after months of sluggishness on investor concerns over a destructive price war in China’s food-delivery market.