Fred Hu, chairman and chief executive officer of Primavera Capital Group, during the Hong Kong Fintech Week in Hong Kong, China, on Monday, Nov. 3, 2025. Paul Yeung | Bloomberg | Getty Images China’s biggest weakness in its rivalry with the United States isn’t AI, semiconductors or tariffs. It’s finance, according to one of the…
Chinese tech company Baidu, best known for its search engine, also operates cloud, mapping and other internet-based services. Bloomberg | Bloomberg | Getty Images Shares of Chinese tech giants Alibaba and Baidu rose Thursday on their partnership with Apple for deploying their AI tools. Hong-Kong listed shares of Alibaba rose 5% after the company confirmed…
A general view of the office building of Baidu is in Pudong, Shanghai, on Feb. 9, 2026. Ying Tang | Nurphoto | Getty Images The Pentagon added a slew of Chinese companies, including Alibaba Group, Baidu Inc and carmaker BYD, to a list of entities it believes have aided the Chinese military, complicating the fragile…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story There’s nothing quite like the holiday rush in China for the Lunar New Year. The Beijing city streets start emptying out several days in advance…