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Express News | Baidu responds to entering the short drama field: it is a key development direction in the current content ecosystem.
Express News | Extreme越 owners write to Baidu and Geely: six losses and ****.
Health Road (02587.HK): No direct competition with other Digital Health platforms, will focus on offline services.
The Digital Health medical service platform Health Road (02587.HK) will start its public offering in Hong Kong tomorrow (18th). Regarding market competition, Chairman, Executive Director, and CEO Zhang Wanneng stated that the Internet health Industry involves a wide range of Business types, covering pharmaceutical sales, Veterinary Services, as well as personal, family, and corporate health management. Therefore, there is varying degrees of coverage with JD HEALTH (02618.HK), PA GOODDOCTOR (01833.HK), WeDoctor, etc., and there is no direct competition among industry peers. The company will continue to focus on strengthening offline Veterinary Services in the future. He pointed out that the company has multiple customer acquisition channels.
The new stock "Health Road" (02587.HK) will begin its subscription tomorrow with an entrance fee of 4,444.38 yuan. Baidu is the second-largest Shareholder.
The digital health care services platform Health Road Co., Ltd. (02587.HK) announced its IPO details, planning a Global offering of 25 million shares, of which 10% or 2.5 million shares will be offered locally, while the remaining 90% or 22.5 million shares will be allocated for international placement. The offering price per share is between 7.8 to 8.8 yuan, raising a maximum of 0.22 billion yuan. Each trading unit consists of 500 shares, with an entry fee of approximately 4,444.38 yuan. The subscription period will commence tomorrow (18th) and end next Monday (23rd), with pricing expected on next Tuesday (24th) and listing on the Main Board of the Stock Exchange on the 30th of this month. CCB International is acting as the exclusive.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Baidu (09888.HK) has launched an AI travel assistant "MaiMai" in collaboration with the Macao Tourism Board and Macao Telecom.
Baidu (09888.HK) announced that its Baidu Asia Vets has jointly developed the AI travel assistant application "MaiMai" with the Macau Tourism Board and Macau Telecom, which was launched at the end of September. Supported by AI large models and other technologies, this application can provide tourists with information on Macau's history and culture, sightseeing, dining, shopping, and transportation, and can provide personalized itinerary suggestions based on tourists' preferences. The Deputy Director of the Macau Tourism Board, Xu Yaoming, stated that the "MaiMai" app is currently planned to provide information in eight languages, and hopes to offer voice services to travelers in the future beyond just text. Baidu Asia Vets stated that it will continue to collaborate with the Macau Tourism Board and Macau.
Baidu applies for the "Baidu Short Drama" trademark, planning to undergo a complete upgrade in five major areas next year.
According to reports from domestic media, the official website of the National Intellectual Property Administration Trademark Office shows that Baidu Online Network Technology (Peking) applied for the "Baidu Short Drama" trademark on November 26 and received an acceptance notice last Thursday (12th). The international classification of "Baidu Short Drama" covers multiple fields, including website services, scientific instruments, and Education Entertainment. Currently, the status of these trademarks is at the substantive examination stage and they have not yet been formally registered. A relevant person in charge at Baidu (09888.HK) revealed that short dramas are a key development direction in the current content ecosystem, and the Baidu short drama platform has already gathered over 0.024 million short dramas. Next year, it will focus on distribution.
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
Express News | Former employees of Jiyue have spoken out: Xia Yiping was originally not hired through an interview.
Express News | Baidu has applied to register the Baidu Short Drama trademark.
Market Chatter: China Pushes for AI Standardization Amid Intensifying Global Sector Competition
Whale Observation | The search industry is quietly changing, with giants like Google and Baidu being "robbed" by Social Media and AI companies.
The rise of platforms like Xiaohongshu, Instagram, and TikTok is greatly influenced by the variable from Generation Z young users, which has the most significant impact on the Search Engine market landscape. As the influence of Generation Z continues to grow in content Consumer, traditional Search Engine companies will face greater challenges.
What is Biden planning to do in the last few weeks of his term? The focus will be on AI, pardons, and climate goals...
① Biden plans to take action on AI, pardons, and other areas in the final weeks of his term; ② White House Communications Director Ben LaBolt revealed in a memo that Biden will focus on four major areas: AI, providing financial incentives, climate goals, and reducing sentences and pardons.
Jiyue Xiayi Ping admitted that he was overly optimistic in the early stages and failed to foresee the seriousness of the funding issues.
Geely Holding and Baidu-SW (09888.HK) subsidiary car manufacturer "Jiyue" (formerly known as "Jidu") is facing a financial crisis. Online circulation has revealed that Jiyue CEO Xia Yiping published a lengthy statement denying any intention to "run away". He stated that manufacturing vehicles requires a significant amount of capital, and he did not fulfill important responsibilities regarding financing and other aspects of the company's development strategy. He was overly optimistic in the early stages, failing to foresee the severity of the financial issues, and was also too focused on details and micro-management. There were shortcomings in personnel management that suppressed the initiative and creativity of the team. He also mentioned that he was overly occupied by an obsession with marketing, and as CEO, he should have focused primarily on financing and strategy.
Express News | Jiyue CEO Xia Yiping stated, "I did not run away": The obsession with marketing took up too much energy.
Extreme liquidity crisis, Geely and Baidu: will actively assist in handling related matters.
According to comprehensive reports from internal media, the jointly-owned automobile manufacturer "Jiyue" by Geely Holding and Baidu (09888.HK) is facing a liquidity crisis, with a capital shortfall of up to 6 billion yuan. The company has explicitly stated that employee salaries will only be paid up to November. Geely and Baidu released a joint statement saying that as shareholders of Jiyue, they will actively assist the management of Jidu Automobiles in properly handling related matters, including timely resolution of employee social insurance payments and compensation for departing employees, ensuring normal use of vehicles for customers, after-sales service and maintenance, as well as promoting reasonable and legal solutions to other issues. Reports indicated that Geely and Baidu will pay the November social insurance for Jiyue employees.
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
New stocks preview｜After three years of unsuccessfully attempting to enter the A-shares, is Zhuoyue Ruixin, backed by Sina and Baidu, realizing its capital dream by going south?
After three years of failure to enter the A-share market, Zhuoyue Ruixin, supported by Sina and Baidu, is continuing to shift its focus to the Hong Kong stock market...
"The AI God" delivered a powerful speech: the era of "pre-training" dominated by computational power will end, the next generation belongs to "inference"; if machines have consciousness, then let them awaken!
Ilya Sutskever, former co-founder of OpenAI and founder of SSI, stated during his speech that the pre-training phase of AI model development is coming to an end. The future development of AI will focus on Asia Vets, synthetic data, and reasoning time computation. He elaborated on the immense potential of these three directions, for instance, synthetic data can overcome the limitations of real data volume, while reasoning time computation can enhance the efficiency and controllability of AI.
Returns Are Gaining Momentum At Baidu (NASDAQ:BIDU)