Alibaba Group Holding NYSE:BABA shares jumped about 6% in Hong Kong trading Monday after the company introduced Qwen3.8-Max, its latest flagship artificial intelligence model, as competition among Chinese AI developers intensifies.Alibaba said the new model contains 2.4 trillion parameters, a measu…
BEIJING and LONDON, July 28, 2026 /PRNewswire/ -- Baidu, Inc. (NASDAQ:BIDU and HKEX:9888) today announced that its autonomous ride-hailing platform, Apollo Go, has begun road testing in London with Freenow by Lyft. Testing will begin in the borough of Brent with safety operators on board, covering…
BEIJING, July 27, 2026 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX:9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Baid…
Cathie Wood's ARK Invest reduced its position in Advanced Micro Devices NASDAQ:AMD during the week ended July 17, making the chipmaker its largest sale of the period.ARK sold approximately $39.2 million of AMD shares as part of broader portfolio adjustments across technology, healthcare and industr…
Baidu (NASDAQ:BIDU) is moving to a dual-primary Hong Kong-U.S. listing while keeping share fungibility, unveiled DuMate and 300+ robots at a Shanghai AI conference signaling product progress, and drew an overweight from J.P. Morgan despite a reduced $205 price target.Previous Week Recap…
Baidu NASDAQ:BIDU, a Chinese artificial intelligence developer and internet search leader, plans to pursue a dual-primary listing in the United States and Hong Kong, potentially opening its shares to investors in mainland China. The company intends to upgrade its existing Hong Kong secondary listin…
Chinese internet stocks are showing renewed momentum after a prolonged period of underperformance, supported by improving earnings expectations, signs of policy support and growing optimism around China's artificial intelligence progress. The rebound accelerated after China's cyberspace regulator a…
Alibaba Group NYSE:BABA and Baidu NASDAQ:BIDU shares advanced after both companies confirmed partnerships with Apple (AAPL) to support the rollout of Apple Intelligence features in China.Alibaba said its Qwen artificial intelligence model will power Apple Intelligence experiences for users in China…
Apple NASDAQ:AAPL secured regulatory approval to bring Apple Intelligence to iPhones in China, clearing a major hurdle in one of its most important markets.The service will use capabilities from Alibaba's Qwen models and Baidu technology NASDAQ:BIDU, according to Reuters. Alibaba said Qwen will sup…
By Katrina HamlinHong Kong's latest robotaxi listing includes collision control. Momenta Global (6880.HK) sells assisted- and autonomous-driving software but more carmakers are following Tesla NASDAQ:TSLA and Xpeng's HKEX:9868 lead developing the tech in-house. That may have slammed the brakes on t…
China's Kuaishou Technology HKEX:1024 said on Thursday a group of investors including Alibaba and Tencent will inject over 19 billion yuan ($2.80 billion) in Kling AI, while valuing the popular AI video arm at $15 billion on a pre-money basis.The fundraising underscores investors' appetite for Chin…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
China's Nexchip Semiconductor SSE:688249, (2249.HK) seeks to raise up to HK$6.98 billion ($890.26 million) in a Hong Kong share sale, an exchange filing showed on Tuesday.The chip firm is offering 216.2 million shares at maximum HK$32.30 each and expects dealing of H shares to begin on July 10, the…
Baidu NASDAQ:BIDU shares rose about 7% in Hong Kong on Monday after a report said its AI chip unit Kunlunxin is targeting a Hong Kong IPO at a valuation of about $50 billion.According to The Information, Kunlunxin is seeking that valuation for its planned listing and has asked prospective investors…
Baidu NASDAQ:BIDU shares listed in Hong Kong climbed about 5% on Monday after a media report indicated the company's artificial intelligence chip subsidiary, Kunlunxin, is pursuing a Hong Kong initial public offering that could value the business at roughly $50 billion.The report said Kunlunxin has…
By Robyn MakAI chips are running perilously hot. China's Kunlunxin is targeting a valuation of $50 billion in its upcoming Hong Kong IPO, The Information reported, citing sources. That's up 17 times in just six months or so as semiconductor shortages continue, accounting for most of majority owner…
U.S.-listed shares of Baidu, Inc. were up 3% in overnight trading ahead of Monday on reports that its AI chip unit Kunlunxin is targeting a valuation of $50 billion in an initial public offering in Hong Kong.Baidu said in January that Kunlunxin had confidentially filed for a listing, but had not…
By Robyn MakKunlunxin may bag a $50 bln valuation, up 17-fold in months as semiconductor shortages continue, accounting for most of its top owner’s worth. The implied 25 times sales is akin to listed rivals. But the speed and disconnect highlight how the market is running uncomfortably hot.Full vie…
Baidu's NASDAQ:BIDU AI chip unit, Kunlunxin, is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday, citing two sources.Investors have been asked to buy chips with a value three to seven times the worth of their planned subscription in Kunlunx…
