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
Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago, which was the bright spot to an otherwise lacklustre financial quarter. The Beijing-based company’s third-quarter revenue declined 7 per cent year on year to 31.2 billion yuan (US$4.4…
Chinese tech giant Baidu unveiled two artificial intelligence chips at its annual developer and client event on Thursday, underscoring the company’s ambition to play a pivotal role in the nation’s drive for technological self-sufficiency, alongside Huawei Technologies and other domestic players. Baidu introduced the M100, designed by its chip unit Kunlunxin Technology to significantly enhance…
Baidu has reached a major milestone in the race for driverless car dominance, matching US competitor Waymo with 250,000 weekly robotaxi rides as of October 31, according to a spokesperson for its autonomous driving unit, Apollo Go. The achievement puts Baidu on equal footing with Waymo, the Alphabet-owned company that reported the same number of…
As global competition in autonomous driving intensifies, Europe has emerged as the latest frontier for China’s rapidly advancing self-driving technology. Start-ups such as Pony.ai, WeRide, AutoX, DeepRoute.ai, Momenta and Baidu’s Apollo Go are expanding their trials and partnerships across European cities, transforming Europe into the next stage of technological rivalry. What began as a domestic…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…