Baidu
Baidu’s swift US$11 billion sell-off shows struggle to meet AI hype
The stock has also suffered on account of a wave of new listings by pure-play AI firms
Alibaba leads tech slide after Pentagon briefly shows blacklist
The 1260H list now includes more than 130 entities accused of working with the Chinese military
Baidu approves US$5 billion share buyback, first dividend
The Internet company joins larger peers Tencent Holdings and Alibaba Group Holding in enhancing shareholder returns
Baidu is said to explore upgrading HK listing to primary status
This will help it qualify for cross-border trading, opening up investment flows from the mainland to Hong Kong
Baidu’s AI chip unit Kunlunxin confidentially files for Hong Kong IPO
The Beijing-based firm has been valued at at least US$3 billion, according to sources
Uber teams up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge
China’s open-source AI is a national advantage
The models are akin to studying together to ace a test instead of relying on individual knowledge
Baidu posts worst sales fall on record despite major AI spending
The results underscore the Internet search leader is losing ad business to rivals while struggling to compete in a crowded AI field
Baidu eyes Australia, South-east Asia for next robotaxi expansion
BAIDU is exploring new markets including Australia for its robotaxis as its expanding fleet hits operational profitability targets in several cities across China.
Further upside expected for Hang Seng Tech Index
THE Hang Seng Tech Index, which tracks Hong Kong’s 30 largest listed technology companies, has continued its bullish momentum since a significant breakout above the 5,500 level in mid-July this year d...
