Talk about buying the rumor. Baidu China’s leading internet search provider, let it be known on Jan. 30 that it will launch a so-called chatbot powered by artificial intelligence, akin to the ChatGPT ...
Tag: BIDU
Southwest, Tesla, Alibaba, NIO, and More Stock Market Movers Tuesday
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Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
Why China’s COVID policies are rattling investors again
Investors in China-related assets who had expected a significant easing of COVID curbs were left disappointed this week as the country battles the worst wave of cases since Shanghai’s outbreak earlier...
Baidu Beats Revenue Expectations Despite Continued Covid Worries
Baidu on Tuesday became the latest Chinese technology company to report a return to annual growth, as it beat expectations for its third-quarter revenue. Baidu (ticker: BIDU)—often referred to as Chi...
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Nio stock dives below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy wil...
Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth.
Text size Alibaba stock has tumbled since early 2021 amid waves of regulatory pressures. Greg Baker/AFP via Getty Images Alibaba will invest $1 billion into its cloud computing division, doubling down...
Why Alibaba Stock Is an Exception to Goldman’s US Market Preference
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
Here’s why Chinese stocks BABA, BIDU, JD rose
China’s Ministry of Finance is entertaining the idea of giving local governments the opportunity to sell special bonds. If this idea comes to fruition, it would mean that the governments will sell 1.5...
Here’s why Chinese stocks BABA, BIDU, JD rise
China’s Ministry of Finance is entertaining the idea of giving local governments the opportunity to sell special bonds. If this idea comes to fruition, it would mean that the governments will sell 1.5...
Dow futures climb nearly 400 points, with Fed interest-rate hike in the spotlight
U.S. stock futures on Wednesday pointed to an extension of the previous session’s rally, as traders wait for the Federal Reserve’s monetary policy decision and react to China’s statement of support fo...
Ray Dalio’s Bridgewater boosts its bets on China
The world’s biggest hedge fund boosted its bet on Chinese companies in the fourth quarter. The latest 13-F filing from Bridgewater Associates shows the firm boosted the number of shares it’s held in A...
China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging
The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the internet sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors ...