Hong Kong Exchanges and Clearing (HKEX) has unveiled its biggest listing reforms since 2018, broadening its special listing regime for innovative companies and opening the door for smaller and more diverse firms to list in the city, the bourse operator said on Friday. HKEX proposed lowering the minimum threshold for companies to list under the…
24/7 Wall St. (24/7 Wall St.) Quick Read Invesco China Technology ETF (CQQQ): up 14.5% over 12 months, down 8.5% past month. Top 4 holdings Tencent (TCEHY), PDD Holdings (PDD), Baidu (BIDU) at 7.26%, Meituan (3690.HK) represent ~30% of portfolio. US-China trade tensions and concentrated AI exposure will determine whether CQQQ continues recovering from China’s…
China’s Spring Festival has emerged as a high-stakes arena for artificial intelligence and robotics companies, with tech giants Tencent Holdings and Baidu committing a combined 1.5 billion yuan (US$215 million) to their digital red packet campaigns. Chinese social media and gaming giant Tencent announced on Sunday that its AI chatbot app Yuanbao would give away…
China’s robotics industry may need at least five years before humanoid models reach a similar level of acceptance to electric vehicles, according to private equity firm Hermitage Capital, the latest voice warning of a potential bubble in the sector. The firm, which manages US$1.5 billion in assets, was an early investor in Chinese graphics processing…
Hong Kong will provide more chargers compatible with Chinese electric vehicles, the transport chief has said, as the first batch of cars from Guangdong province enters the city’s urban areas under a new scheme. Secretary for Transport and Logistics Mable Chan said on Tuesday that nearly 100 mainland Chinese cars entered Hong Kong on the…
China’s bold policy changes and booming tech sectors are creating fresh momentum for U.S.-listed Chinese companies like Tencent Holdings TCEHY, Bilibili BILI, and Baidu BIDU, as Beijing prepares for an economic turnaround in 2026. In December 2025, China’s Politburo announced a major policy change, moving to a moderately loose monetary policy for the first time…
With the rise of social media and generative AI, how much of what we see online is true? In this new series, SCMP Fact-Check, the Post investigates claims circulating online and debunks viral misinformation impacting the daily lives of Hongkongers. “A firefighter holding a cat he saved from the Hong Kong fire,” reads the superimposed…
Baidu, China’s largest search engine operator, has reportedly started large-scale layoffs this week affecting multiple business units. Citing sources familiar with the matter, news agency Reuters reported that the cuts are expected to run until the end of the year. The move comes shortly after the company reported a disappointing third-quarter loss. The report also…
Chinese search engine and artificial intelligence pioneer Baidu is casting AI as the engine of China’s push for “new productive forces”, touting the emerging technology as a linchpin of Beijing’s economic growth drive. “AI, as a key driver of the new wave of technological and industrial transformation, is vital for accelerating the emergence of new…
HONG KONG — Baidu Inc. posted another quarterly revenue decline and an unexpected net loss, while its latest AI model failed to impress investors last week, reflecting the struggle of Chinese tech giants to balance investments in AI development with revenue generation. Source link