Chinese AI Application ADRs Jump with KC up over 14%, Alibaba up over 4%; Walmart Gains Nearly 3%; Bank Stocks Fall with Citigroup Down 4%, JPM Down 3%
TigerJan 12, 2026 9:41 AM
Chinese AI application ADRs jumped in premarket trading. Kingsoft Cloud surged over 14%; Alibaba up over 4%; Bilibili, VNET Group up over 3%.
Google announced on Sunday that it is enhancing the shopping capabilities of its Gemini AI chatbot by collaborating with major retailers like Walmart, Shopify, Wayfair, and others. This partnership aims to transform Gemini into not only an assistant but also a virtual marketplace.
Shares of Walmart gained 2.7% in premarket trading.
US big bank stocks fell in premarket trading. Citigroup down 4%; JPMorgan down 3%; Bank of America, Wells Fargo down over 2%.
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