Technology and real estate stocks led the gains, Hang Seng Index broke through the low-range mode.
By ATFX Hong Kong shares rose more than 300 points this morning and then slowed down. The National Bureau of Statistics announced that CPI in July rose 0.5% year-on-year, higher than market expectations. The mainland stock market stabilized this morning, bringing a boost to Hong Kong stocks. The Hang Seng Index rose 299 points or 1.8% to 17,191 points at midday; the National Index rose 115 points or 1.9% to 6,056 points; and the Hang Seng Tech Index rose 98 points or 2.9% to 3,465 points. Technology stocks rose more than 1.9% in the afternoon, with Semiconductor Manufacturing International Corporation (00981) leading the way, followed by Baidu (09888), Netease (09999), Weibo (09898), and Kuaishou (01).
Beijing Kaiwen Education Technology (002659.SZ) is launching a comprehensive partnership with baidu in the education industry.
Beijing Kaiwen Education Technology (002659.SZ) stated on the investor interaction platform on August 9th that the company has carried out comprehensive cooperation with Baidu in the field of education. The cooperation includes different modes such as industrial colleges and skills training, with specialties covering ai, big models, and connected automobiles. The company cooperated with Baidu to jointly build an AI internship and training base with Aohan Vocational Middle School in Chifeng City. They also worked on generative AI engineer training, examinations and certification with Baidu. Through a deep and diversified partnership, they provide high-quality educational services for students.
360's interactive interface for 'Avengers' has been criticized, and Zhou Hongyi admitted to 'killing' a programmer for it.
On the afternoon of August 9th, Zhou Hongyi, the founder, chairman and CEO of 360, visited Sina headquarters as the No. 001 WBA tutor. He talked about AI with on-site technology bloggers and media friends. Recently, 360 has united with large factories including BAT, Baidu, ByteDance, Tencent, Alibaba, Huawei, domestic large models "Five Little Tigers", Zhongpu AI, Dark Side of the Moon, MiniMax, BaiChuan Intelligence, 01net, iflytek co.,ltd., and other 16 manufacturers to build the domestic large model "Avengers Alliance", inviting various products into their own products - AI assistants. Regarding
"Robotaxi track" is getting more and more heated! The sense of crisis in Tesla is at its peak.
Currently, the self-driving taxi, or Robotaxi concept, is not exclusive to Tesla.
Abnormal observation | Baidu Group-SW is now up more than 4%, promoting innovation in large models with application landing, and there is hope for breakthrough growth at Luobo Kuai Pao.
Baidu Group-SW surged more than 4%, as of press time, it rose 4.45%, reporting HKD 84.5, with a turnover of 0.375 billion Hong Kong dollars.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
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Board of directors meeting of c.banner (01028.HK) was held on August 29th to consider and approve mid-term performance.
c.banner (01028.HK) announced that the board of directors will hold a meeting on Thursday, August 29, 2024 to consider and approve the company and its subsidiaries' mid-term performance as of June 2024 and its release, including considering the distribution of mid-term dividends (if any).
Ningxia Building Materials Group (600449.SH): Baidu has reserved upgrade support for vehicle networking technology during the upgrade and compatibility reservation of the 'I'm looking for a car' platform.
Ningxia Building Materials Group (600449.SH) stated on the investor interaction platform on August 8 that the company has equipped and used remote management vehicle-mounted intelligent terminal devices for its self-operated vehicle fleet. The research on self-driving cars and intelligent storage yards is still in progress. Baidu has reserved support for upgrading vehicle networking technology for the upgrade of its “I’m looking for a car” platform.
Baidu Inc. (BIDU) Increases Yet Falls Behind Market: What Investors Need to Know
Brokerage Everbright Securities maintains a "buy" rating for Baidu Group (09888), expecting the positive effect of AI business on valuation to be reflected in the following quarters.
Everbright Securities issued a research report that Baidu Group's Apollo Go 24Q1 has operated in 10 cities and had a quarterly volume of 0.83 million. It has a good advantage of being the first mover. It is expected to achieve the UE balance target in Wuhan in 24Q2: 1) The fully-automated ratio is expected to approach 100%, significantly reducing labor costs; 2) It plans to deploy 1000 RT6 (costing 0.2046 million yuan) as soon as possible to effectively reduce operating costs. After achieving unit economic balance in Wuhan, increasing order volume and reducing vehicle operating costs are the core factors for successful replication in other areas. Baidu.
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China Transinfo Technology (002373.SZ) has conducted in-depth cooperation with companies in Jing-Jin-Ji, such as Baidu, Luobo Yunli, Daimler, Ideal, Great Wall, Xiaomi, and Jidu.
China Transinfo Technology (002373.SZ) stated on the investor platform on August 5th that its subsidiary, the Beijing Peking Intelligent Vehicle Networking Industry Innovation Center (hereinafter referred to as the Innovation Center), on the basis of supporting the policy testing work of self-driving vehicle in Beijing and Yizhuang, vigorously expands the research and development, testing and certification of self-driving and intelligent networked products, and conducts in-depth cooperation with Jing-Jin-Ji enterprises such as Baidu, Robo-Taxi, Daimler, Ideal, Great Wall, Xiaomi, and Jidou, expanding its market-oriented service capabilities in testing and certification of self-driving autos.
Before Tesla entered the game, Luobu Kuaipao provoked domestic robotaxi competition | Jianzhi Research.
The domestic Robotaxi is gradually forming a dual competition pattern between internet-related companies and travel service companies.
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