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Market Chatter: Baidu Receives License for Robotaxi Trials in Hong Kong
Fangzhou Inc. Strengthens Partnerships With Tencent and Baidu, Unveiling Its "AI Agent Solution"
Baidu (09888.HK) RoboRun: has been granted a Hong Kong autonomous driving test license, an important part of the company's global strategy.
According to reports from domestic media, baidu-SW (09888.HK) subsidiary autonomous driving service platform "萝卜快跑" will begin road testing in specific areas of Hong Kong. The license granted by the Hong Kong Transport Department is the company's first license for automated driving tests in right-hand drive left-hand traffic areas, marking an important step towards the company's globalization. 萝卜快跑 stated that Hong Kong, as the forefront of asia financial and innovation, is committed to building a leading innovation and technology ecosystem. The company looks forward to bringing artificial intelligence and self-driving car technology to more countries and regions, which is why it has commenced business expansion aimed at the global market. The Transport Department announced this last Friday (November 2.
Express News | RoboQuick has been granted the first autonomous driving license in Hong Kong.
Express News | Hong Kong technology index constituent stocks are strong, BYD Electronics surged more than 6%.
Article from People's Daily: Better Promoting Technological Innovation through Fiscal Policies.
The People's Daily published an article, indicating that practice has shown that innovative fiscal investment models based on local realities, adhering to problem-oriented approaches, embracing reform thinking, respecting innovation principles, and meeting market demand can better reflect the cooperation between the 'visible hand' of the government and the 'invisible hand' of the market. This not only embodies the direction of mainland government support for the development of new productive forces but also emphasizes the decisive role of the market in innovative resource allocation, improving the effectiveness of fiscal investment. (wl/k)~
Futu Morning Post | S&P hits historic new highs again! It is challenging the strongest annual increase after the millennium; American drone small cap stocks ride on the 'Donald Trump concept', soaring more than 9 times in November.
To add fuel to the December actions, the Governor of the Bank of Japan mentioned that the wage trend is key to raising interest rates; The hottest asset after the US election: the US bitcoin ETF single-month net capital inflow hits a record; It is said that Meta is planning to build a global underwater communication network, with a total investment amount possibly exceeding $10 billion.
Hong Kong stock market morning report on December 2: Funds have inflowed into U.S. stock funds for four consecutive weeks; electric vehicle companies' sales for November have been released.
①President-elect Trump met with Canadian Prime Minister Trudeau. ②The USA plans to impose tariffs of up to 271% on imported cecep solar energy from four Southeast Asian countries. ③Last Friday, the three major stock indexes in the USA collectively rose, with most china concept stocks trending higher. ④USA stocks fund attracted 12.78 billion US dollars, receiving inflows for the fourth consecutive week. ⑤BYD, XPeng Motors, and NIO released their November sales figures.
Baidu, Inc. (BIDU): JPMorgan Downgrades to Neutral Amid Uncertainty in Macro Outlook and Generative AI Impact
According to foreign media, Hillhouse plans to raise an 8 billion dollar acquisition fund to accelerate the exploration of global investment opportunities.
Recently, according to The Wall Street Journal, the private equity giant Hillhouse is planning to start raising a global M&A thematic fund with a scale of over $8 billion next year, focusing on global market investment opportunities including China, Japan, South Korea, and Southeast Asia in Asia. Despite the current complex and volatile market environment, investment institutions face many difficulties and challenges, Hillhouse still maintains a keen insight into the market, actively seeking investment opportunities, and continues to focus on the layout of global investment business. The report mentioned that Hillhouse has recently hired additional staff in London, Japan, and Singapore, planning to bring its investment experience, industrial innovation, and supply chain capabilities from China to these areas.
US stocks closed | The three major indices rose together, the Dow and S&P continued to hit historical highs; most large technology stocks rose, nvidia rose more than 2%, Tesla soared more than 38% in the month, the best performance in nearly two years
US stocks posted weekly gains of over 1%, with the Dow rising by 7.5% in November and the S&P up 5.7%, both achieving the best performance of the year. The Nasdaq accumulated an increase of over 6%, small-cap indices rose by nearly 11%, the chip index rose by 1.5% on Friday but declined monthly, and Tesla saw a monthly increase of over 38%, its best performance in nearly two years.
Baidu Analyst Ratings
What's Going On With Li Auto Stock Friday?
Express News | According to the notification from the Hong Kong Transportation Department, Baidu's Baidu Apollo International has obtained Hong Kong's first autonomous driving vehicle pilot license.
Baidu Group-SW (09888.HK): AI-driven asia vets high growth, AI applications and smart driving accelerate implementation.
The low point of the domestic internet plus-related cloud business has passed, and AI has driven the growth of revenue from the domestic internet plus-related cloud business and advertising services. With the end of the consumer internet user dividend and the macro impact on corporate IT spending, the domestic public cloud market from 2021 to 2023.
Citi Maintains Baidu(BIDU.US) With Buy Rating, Cuts Target Price to $141
Beijing Emerging Eastern Aviation Equipment (002933.SZ): Currently, there is no cooperation in the siasun robot&automation business with Baidu or Huawei.
Gelonghui reported on November 29 that Beijing Emerging Eastern Aviation Equipment (002933.SZ) stated on the investor interaction platform that the R&D work related to siasun robot&automation is currently progressing in an orderly manner. Currently, the company has not collaborated with baidu or Huawei in the siasun robot&automation business and will choose partners based on its own situation and comprehensive product needs.
Soochow brokerage maintains a 'buy' rating on baidu group (09888), pointing out that Q3 net income is below expectations.
Jingu Financial News | Soochow Securities released a research report stating that Baidu Group (09888) had revenue in 2024 Q3 that met market expectations, but adjusted net income was below market expectations. In 2024 Q3, the company's revenue was 33.6 billion yuan, a year-on-year decrease of 3%, meeting consensus expectations; Non-GAAP operating profit was 7 billion yuan, a year-on-year decrease of 8%, weaker than consensus expectations; Non-GAAP net income was 5.9 billion yuan, a year-on-year decline of 19%, weaker than consensus expectations. Since 2024 Q3, the company's share buyback amount has been 0.161 billion USD, with the cumulative buyback amount under the 2023 share buyback plan reaching approximately 1.4 billion USD.
Baidu Group - SW (09888.HK) 2024Q3 Performance Review: Advertising under pressure, generative AI continues to transform the ecosystem
Performance Overview: In Q3 2024, the company's revenue met market expectations, while adjusted net income fell short of market expectations. In Q3 2024, the company's revenue was 33.6 billion yuan, a year-on-year decrease of 3%, in line with Bloomberg consensus expectations; Non-
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