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%….
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU),…
We recently published a list of 7 Cheap Chinese Stocks To Invest In Now. In this article, we are going to take a look at where Baidu (NASDAQ:BIDU) stands against the other cheap Chinese stocks to invest in now. The Economy of China According to a report by the International Monetary Fund (IMF), China’s economy…
What’s Going On With Chinese Stocks Alibaba, NIO, XPeng, Li Auto On Wednesday? Alibaba Group Holding (NYSE:BABA) and domestic rival stocks continued their rally since China announced stimulus plans to spur demand. Alibaba peers, including Baidu, Inc. (NASDAQ:BIDU), JD.com, Inc. (NASDAQ:JD), and PDD Holdings Inc. (NASDAQ:PDD), traded higher on Wednesday. Last week, China’s central bank…
CLN KraneShares Week in Review Asian equities were higher this week except for Singapore, Pakistan, Malaysia, and Indonesia, as Hong Kong and Mainland China outperformed on rate cuts and new stimulus measures. China’s equity market surged on Tuesday as the People’s Bank of China (PBOC) announced broad rate cuts, a lowering of mortgage down payment…