HONG KONG — Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online ad sales, the company’s core revenue source, fell short of expectations. In an earnings call, interim Chief Financial Officer He Junjie said he has not seen “notable improvement” in advertising spending from key clients despite Beijing’s recent…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
1. ByteDance’s ChatGPT-like Doubao AI bot becomes No 1 in China with 51 million users Doubao has become China’s top AI app with 51 million active users, surpassing competitors like Baidu’s Wenxiaoyan and Alibaba’s Kimi. Free and versatile, it excels in various tasks including text, image, audio and video generation, and data analysis, making it…
The firm, registered as Baidu Apollo International Limited in Hong Kong, unveiled the details of its plan at a meeting of Islands District Council on Tuesday, saying it expected testing to start before the end of the year. Baidu, which operates driverless taxis across the border, said it had applied to launch AV testing last…
The firm, registered as Baidu Apollo International Limited in Hong Kong, unveiled the details of its plan at a meeting of Islands District Council on Tuesday, saying it expected testing to start before the end of the year. Baidu, which operates driverless taxis across the border, said it had applied to launch AV testing last…
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and…
In the third instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at why smartphone makers are finding success in the EV market. Read the first and second parts. On a cloudy afternoon in September, in a gleaming, ultra-modern Xiaomi electric vehicle (EV) showroom in Shanghai, Justin Weng was…
CLN KraneShares Key News Asian equities were mixed overnight despite a stronger US dollar. Hong Kong and South Korea outperformed, while Thailand was closed for Chulalongkorn Day, a national holiday commemorating His Majesty King Chulalongkorn the Great’s passing. Bloomberg’s article, and subsequently a South China Morning Post article, on an RMB 2 trillion stock market…
CLN KraneShares Key News Asian equities were largely lower, as Taiwan underperformed following ASML’s earnings miss yesterday, while Thailand and Indonesia managed to outperform. Hong Kong and Mainland China bounced around the room throughout the day, despite US-listed China stocks being down significantly yesterday. The recent correction, following the massive stimulus-driven rally, paused on light…
On October 9th, according to Chinastarmarket, informed sources revealed that Baidu Apollo Go plans to launch robotaxi service in Hong Kong, which will also be its first business outside the mainland market. In the second quarter of 2024, Baidu‘s autonomous driving service Apollo Go provided approximately 899,000 autonomous driving orders, a year-on-year increase of 26%….