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2023-08-10 08:03:02 ET Alibaba ( NYSE: BABA ) stock rose about 3% premarket on Thursday after Q1 results beat estimates. Non-GAAP earnings per ADS rose 48% Y/Y to RMB17.37 ($2.40). Revenue grew 14% Y/Y to RMB234.16B ($32.29B). Alibaba said that starting from the qua...
2023-08-10 06:43:34 ET The U.S. President Joe Biden signed an executive order on Wednesday to regulate certain U.S. investments in China in the three areas of, semiconductors and microelectronics, quantum information technologies, and artificial intelligence, or AI. The Biden administra...
2023-08-10 05:34:18 ET China’s top tech companies have placed orders worth $5B for Nvidia ( NASDAQ: NVDA ) chips, which are important to make generative artificial intelligence, or AI, systems, the Financial Times reported citing people with knowledge of the matter....
2023-08-09 09:52:18 ET A U.S. proposal to limit investment in China may apply only to Chinese companies which obtain at least half of their revenue from cutting-edge businesses such as quantum computing and artificial intelligence (AI), Bloomberg News reported citing people with knowl...
2023-08-09 08:30:39 ET China will require all mobile app providers in the Asian nation to submit business details with the government, Reuters reported citing the country's Ministry of Industry and Information Technology (MIIT). The move is an effort to keep checks on the industry. MIIT...
2023-08-09 06:00:00 ET Summary Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market. In our sea...
2023-08-08 12:29:00 ET Chinese stocks including Alibaba ( NYSE: BABA ) and Nio ( NIO ) fell on Tuesday after weak economic data came out of China. China's imports contracted by 12.4% in July, more than forecast of a 5% decline. Exports decreased by 14.5%, compared to a fall ...
2023-08-08 03:13:12 ET Summary China stocks could present a significant opportunity in the market in the coming months. The recent pullback in the broad market has further illuminated the relative strength in China stocks. Short China stocks is one of the most crowded trades among...
2023-08-03 04:55:51 ET Alibaba's ( NYSE: BABA ) cloud computing unit launched two open-sourced artificial intelligence (AI) models, similar to Meta Platforms' ( META ) Llama 2, Reuters reported. The Chinese e-commerce giant said it will open-source two la...
2023-08-02 10:06:38 ET The Cyberspace Administration of China (CAC) has drafted guidelines for preventing minors from spending too much time on their smartphones, dealing a potential blow to social media providers. Chinese tech shares fell on Tuesday following the announcement...
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Baidu to Report Second Quarter 2024 Financial Results on Aug 22, 2024 PR Newswire BEIJING , July 17, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with stron...
2024-07-15 16:35:00 ET Shares of Chinese tech stocks Alibaba (NYSE: BABA) , Baidu (NASDAQ: BIDU) , and JD.com (NASDAQ: JD) fell on Monday, down 2%, 5.9%, and 5.3%, respectively, in Monday's trading session. The downdraft in China-oriented consumer tech names appe...