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02.01.26 - 12:42
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What Is Going On With Alibaba Stock On Friday? (Benzinga)
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Alibaba shares rose as investor optimism around China's AI push grows, fueled by Baidu's AI chip spinoff plans, government support for domestic semiconductors, and strong momentum in Alibaba Cloud and Qwen AI models.
read more...
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02.01.26 - 11:00
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TENCENT Buys Back 1.029M Shrs for ~$636M (AAStocks)
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Today (2nd), TENCENT (00700.HK) repurchased 1.029 million shares at a price per share ranging from $600.5 to $624, involving nearly $636 million, according to TENCENT's announcement.Since the repurchase mandate resolution was approved, the Group has repurchased a total of 103 million shares, accounting for 1.12123% of its is......
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02.01.26 - 10:06
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Baidu′s AI chip unit Kunlunxin confidentially files for Hong Kong IPO (Digitimes)
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Baidu is moving forward with plans to spin off its AI chip unit, Kunlunxin, and list it in Hong Kong, highlighting the company's push for semiconductor self-sufficiency. On January 1, 2025, Baidu said Kunlunxin confidentially filed a listing application with the Hong Kong Stock Exchange, formally setting the stage for a potential initial public offering, though key details such as the offering size, structure, and timing remain undecided....
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02.01.26 - 10:01
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Commentary: How a Pension Experiment Could Reshape China′s Gig Economy (Caixin)
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A recent move by Chinese delivery giant Meituan to roll out a pension subsidy program for its riders nationwide has put the social welfare of China's new workforce back in the spotlight. While the company also announced progress on injury insurance and offline support networks, the program's deeper value lies in the clear signal it sends to a vast and increasingly fragmented workforce: you can be accepted into the formal system. This message may be more important than the subsidy itself.
... Read more...
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02.01.26 - 09:15
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Full-day Takeaway: HSI Up 707 pts; HSTI Up 220 pts; BABA Up over 4%; TENCENT Up over 4%; BIDU-SW, BOC HONG KONG, SKYWORTH, CHALCO Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 707 pts or 2.8% to 26,338. HSTI rose 220 pts or 4.0% to 5,736. HSCEI gained 255 pts or 2.9% to 9,168. Market turnover reached $140.86 billion.Active Heavyweights:BABA (09988.HK) closed at $149, up 4.3%TENCENT (00700.HK) closed at $623, up 4%PING AN (02318.HK) closed at $66.8, up 2.5%XIAOMI (01810.HK) closed at......
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02.01.26 - 05:54
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Baidu chip unit Kunlunxin files for Hong Kong IPO amid China′s push for tech self-reliance (SCMP)
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Baidu's artificial intelligence chip subsidiary Kunlunxin (Beijing) Technology has confidentially applied for an initial public offering (IPO) in Hong Kong, as the search and AI giant becomes the latest to join an investment frenzy amid China's drive for tech self-reliance.
The Kunlunxin prospectus was submitted on Thursday but details such as the size and structure of the IPO had not yet been finalised, Baidu said in a statement on Friday.
Baidu's Hong Kong-listed shares rose 7.5 per cent to......
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