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18.11.25 - 14:48
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China′s Baidu posts 50% rise in AI revenue despite third-quarter slump (SCMP)
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Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago, which was the bright spot to an otherwise lacklustre financial quarter.
The Beijing-based company's third-quarter revenue declined 7 per cent year on year to 31.2 billion yuan (US$4.4 billion), owing to sluggish demand in its advertising business, while its net loss hit 11.2 billion yuan on asset writedowns.
While its core......
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18.11.25 - 14:06
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Alibaba bets on ′everything app′ Qwen to define AI era for global consumers (SCMP)
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Alibaba Group Holding's new multipurpose artificial intelligence consumer app, Qwen, has the potential to become China's “super-app” in the AI era in the same way Tencent Holdings' WeChat defined the mobile internet age, analysts say.
Powered by Alibaba Cloud's own model series of the same name, Qwen quickly jumped to fourth overall on Apple's app store for free apps in Hong Kong and fifth in mainland China on its second day of beta testing.
The app, billed as “the best personal AI assistant”,......
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18.11.25 - 13:06
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Apple and Tencent Try to Regulate the WeChat Economy (Bloomberg)
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Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Pei Li and Vlad Savov delve into Tencent's role in the new program Apple is offering mobile app developers....
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18.11.25 - 11:30
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HKD3.3B Southbound Trading Net Inflow to BABA-W (AAStocks)
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There was HKD3.3 billion, HKD1.2 billion and HKD853.5 million Southbound Trading net inflow to BABA-W (09988.HK), XPENG-W (09868.HK) and XIAOMI-W (01810.HK).There was HKD365.4 million and HKD191.5 million Southbound Trading net outflow from CNOOC (00883.HK) and TENCENT (00700.HK).For Southbound Trading of Shanghai-Hong Kong Stoc......
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18.11.25 - 11:12
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Baidu Slips To Loss In Q3 With Lower Revenues (AFX)
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BEIJING (dpa-AFX) - Baidu.com Inc. (BIDU), a Chinese AI and internet company, reported Tuesday a loss in its third quarter, compared to prior year's profit, amid weak revenues.In the quarter, net ......
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