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'TikTok's Parent Company, ByteDance, Is Accelerating Efforts To Make Its Own Artificial Intelligence Chips As It Looks For An Edge Over Its Rivals In China's AI Chatbot Market' - The Information
"New Stocks" applies for Hong Kong listing again, baidu (09888.HK) holds nearly 12.5% of the shares.
Baidu (09888.HK), which holds nearly 12.5% of the shares, has submitted its third application for listing in Hong Kong on the Healthy Road. CICC International is the exclusive sponsor. On June 24, the Healthy Road received a notice of overseas issuance and listing from the China Securities Regulatory Commission, and plans to issue no more than approximately 0.109 billion shares of overseas listed common stock. The Healthy Road is one of the largest digital health veterinary services platforms in China. As of the end of June, the company's registered personal users on the platform reached 0.195 billion, registered veterinarians reached 0.8772 million, and connected hospitals reached 11,727. In the first six months of this year, revenue increased by 14.5% year-on-year to over 0.61 billion RMB, and losses narrowed by 4.
U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.
The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.
Express News | The work report meeting on the compliance and governance of online sales of medical instruments will be held in Beijing.
Bank of America's sharp commentary on the AI boom: Just getting started, equivalent to the "early days of the internet in 1996"!
① Bank of America Merrill Lynch said that the AI boom is still in its early stages, much like the development of the internet in the 1990s. ② The bank said that the impact of AI will be felt earlier than previous technology booms.
US stocks closing | NASDAQ, S&P joined hands for four consecutive positives, US stocks' seven giants all rose, with Meta up nearly 3% and Nvidia up nearly 2%.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.