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Market Chatter: EV Maker Jiyue to Downscale Operations
Geely and Baidu issued a joint statement regarding Jiyue Autos: they will address the issues of employee social security contributions and compensation for departing employees as soon as possible.
Jingwu Finance | On December 13, Geely and Baidu issued a joint statement regarding Ji Yue Autos, and as Shareholders, will actively assist the management of Jidu in properly handling related matters: promptly resolving employee social security contributions, and compensation issues for departing employees; maintaining users' normal vehicle use, after-sales service, and maintenance; promoting reasonable and legal resolutions for Other matters. Geely and Baidu completed the transfer process internally on the evening of December 12, paying social security for Ji Yue employees for November. Jidu Automotive Co., Ltd. is a startup company established by Geely Holding and Baidu Holding, exploring innovative products for the intelligent transformation of Autos. Ji Yue Autos production.
Express News | China's Geely, on Ji Yue Auto:Baidu and Geely Are Solving Employees' Social Insurance Payment Issues
Unilumin Group (300232.SZ): Collaborating with Microsoft, Tencent, Baidu, Iflytek Co.,ltd., ByteDance Volcano, and Doubao on the self-developed UniAvatar digital human system.
On December 13, according to GeLong Hui, Unilumin Group (300232.SZ) stated on the investor interaction platform that it is collaborating with Microsoft, Tencent, Baidu, Iflytek Co.,ltd., ByteDance's Volcano, and Doubao on its self-developed UniAvatar digital human system. In May 2024, the Unilumin digital human will integrate the TTS capability of the Volcano Engine and the large model question-answering ability of Doubao, suitable for applications such as digital human dialogue systems.
[Brokerage Focus] CMB International points out the trend of revenue growth from AI application starting in 2025.
Jinwu Financial News | CEB International released the 2025 outlook for the Software & IT Services Industry. Against the backdrop of economic cycle dislocation, the stock price performance of the Software Sector in China and the United States is expected to show a divergent trend in 2024. However, the investment volume related to AI, its short-term impact on profits, and the potential outlook for monetization are common points of concern for both markets. Looking ahead to 2025, the bank believes that the investment theme related to AI will continue its benefit transmission path from chips to public cloud to infrastructure software and then to Application software from a fundamental perspective. The Infrastructure Cloud Sector is focusing on the trend of increasing cloud business growth as supply constraints gradually ease and AI-related investment.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
COWmustMoo OP : Always the last to move and always move bits ...