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).
"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.
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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.
ZnWC : China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home.
Source:
China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
ZnWC : Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.