Express News | Insiders: Baidu plans to launch Robotaxi in China, Hong Kong, Singapore, and the Middle East. (Sina)
Baidu executives implement "management rotation" Siasun robot&automation taxis are exploring "going global" business.
According to informed sources, china technology company baidu siasun robot&automation autonomous taxi division Apollo Go is in negotiations with several companies to expand to overseas markets in the "near future," but there is no detailed information about the timing or regions.
Express News | CICC: AI-driven cloud vendors accelerate growth, with scene-adapted lightweight models becoming a new competitive direction.
Hang Seng Index fell by 289 points in the Hong Kong stock market, with declines in building materials, infrastructure, brokerage, and pharmaceutical stocks, while Meituan and Pinduoduo rose against the trend.
After falling more than 2,100 points yesterday (8th), the Hong Kong stock market fluctuated repeatedly, with a significant increase today. The Hang Seng Index opened high by 363 points, reaching a high of 21,417 points, up 490 points. Subsequently, it fell back by 736 points to a low of 20,190 points. In the afternoon, there was news that the state council held a press conference to introduce the expansion of fiscal policies. The Hong Kong stock market rose again, but slipped again before the close of trading, ending the day down 289 points or 1.4% at 20,637 points, with a trading range of 1,227 points. The HSI fell by 118 points or 1.6% to close at 7,365 points, while the Hang Seng Tech Index dropped by 55 points or 1.2% to close at 4,640 points. Total trading volume for the day in the stock market.
Hong Kong stocks weakened with all three major indices falling over 1%; china-affiliated brokerage and mainland real estate stocks led the declines, with China Merchants brokerage falling more than 11%, while Meituan rose over 2% against the trend.
Network technology stocks declined, SenseTime-W fell by 4.92%, Kuaishou-W fell by 3.42%; building materials stocks generally fell, BBMG Corporation fell by 10.71%, CNBM fell by 9.15%; digital health stocks generally fell, Dingdang Health fell by 14.06%, and Ali Health fell by 7.08%.
Express News | Ishares MSCI China ETF Down 4.7%, Kraneshares CSI China ETF Down 3.4%, ishares China Large-Cap ETF Down 3.5%
Express News | Li Auto Down 4.4%, JD.com Down 4.8%, NIO Down 3.5%
Express News | PDD Holdings Down 4.1%, NetEase Down 5.3%, Baidu Down 3.5%
Express News | Alibaba Down 3.7%, Bilibili Down 4.3%, Tencent Music Entertainment Down 4.9%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket
"Da Xing" Dahua Ji Xian: the introduction of mainland policies will promote consumer consumption and drive the valuation repair of the internet industry. The top priority is Tencent (00700.HK), Ctrip (09961.HK), and Meituan (03690.HK).
Dahua Jixian's report pointed out that considering the mainland government's policy implementation stronger than expected, the bank believes that the improvement in consumer sentiment will benefit e-commerce, local life services, and online travel agency (OTA) companies. Looking ahead to the second half of the year, the bank expects the undervaluation of Internet companies to be restored through shareholder returns, cross-border expansion, and easing of competition. They also believe that the development of Generative Adversarial Networks (GANs) and upgrades in advertising technology will drive monetization. In terms of e-commerce, the bank mentioned that compared to amazon (AMZN.US) with a market cap of 2 trillion US dollars, the four major e-commerce companies in China—Alibaba-W(09988.
Chinese Stocks Plunge As Hang Seng Drops 1.39%, Extending Volatile Streak — Tech Giants JD.com, Alibaba, Baidu Tread Red Waters
Hong Kong stock market midday review | Hong Kong stocks opened high and fell, Hang Seng Index, country index fell more than 1%; real estate, brokerage sectors continued to decline, Vanke fell more than 7%, htsc fell more than 10%; xpeng rose nearly 6% aga
Network technology stocks fell, Kuaishou-W dropped by 3.42%, SenseTime-W dropped by 3.28%; Securities and brokerage stocks weakened, swhy fell by 14.24%, htsc fell by 10.39%; Most heavy infrastructure stocks declined, china railway fell by 6.46%, china comm cons fell by 6.24%.
Express News | Roundhill CEO: The "China Dragon ETF" accurately positions China's nine technology giants, full of confidence in the future of China's technology industry.
Baidu Plans to Launch Apollo Go Robotaxi Service Outside China, Report Says
Express News | Insiders: Apollo Open Platform version 10.0 is about to be released
Baidu (09888.HK) plans to launch self-driving taxi services overseas.
Baidu-SW (09888.HK) (BIDU.US) announced that it will launch self-driving taxi services overseas, accelerating the global deployment of autonomous driving. The service will first be piloted in specific cities before gradually expanding coverage.
Express News | Market news: baidu plans to launch self-driving taxi services outside of china.
Citigroup: baidu (BIDU.US) management rotation, optimizing corporate structure and improving efficiency.
Baidu-SW (09888.HK) announced yesterday (8th) that it will carry out a rotation of management. Rong Luo will serve as the Group's Executive Vice President and be in charge of Baidu's Mobile Ecological Business Group (MEG), no longer holding the position of Chief Financial Officer; Junjie He will act as the Acting Chief Financial Officer, stepping down from his role as the Senior Vice President of the Group and Head of Baidu's Mobile Ecological Business Group. Citigroup's report pointed out that while management rotations at Baidu seem to be a past practice, the management rotation involving the Chief Financial Officer and the Baidu Mobile Ecological Business Group (MEG) was surprising, as these positions require expertise in budgeting and investor communication.
Bocom Intl: Hong Kong stocks still have upside potential after violent fluctuations.
Bocom Intl released a report stating that the Hong Kong stock market sharply declined yesterday (8th). After experiencing a short-term huge rally, the market accumulated a large amount of profit-taking pressure. Against this backdrop, the market is very prone to large fluctuations. Coupled with the Hang Seng Index currently near the previous high of 22,700 points, technically it is a resistance level. Under the expectation gap, both the Hang Seng Index and the Hang Seng Tech Index recorded nearly 10% historical single-day largest declines.