China Stocks' Rally Sustainability to Hinge on Policy Delivery: Goldman
Kinger Lau, chief China equity strategy at Goldman Sachs, discusses the outlook for the nation's stocks and the opportunities he sees. He speaks on "Bloomberg: The China Show."
SciNet shares, Pusheng Ali Health (00241), rose 12.05%, and UBS's views on Chinese stocks turned positive, favoring Technet stocks, etc.
Jinwu Financial News | SciNet stocks rose 12.05%, JD Health (06618) rose 5.15%, Shell (02423) rose 2.5%, Baidu (09888) rose 1.22%, followed by Tencent (00700), Bilili (09626), and Alibaba (09988).
Damo: Baidu Group-SW (09888), Alibaba-SW (09988), and Tencent Holdings (00700) cloud business revenue is expected to benefit from large-scale language model price reductions
Damo expects Alibaba Cloud revenue growth to accelerate again to double digits in the second half of the 2025 fiscal year.
The “milestone moment” of AI regulation has arrived! EU officially approves AI regulations
On Tuesday, the European Union officially approved a critical AI regulation reached in December last year. This “landmark” AI regulation standard and regulation for global AI regulation will come into effect next month.
[Broker Focus] Dongwu Securities maintains Baidu Group's (09888) “buy” rating, indicating that the overall advertising business is still under pressure in the short term
Jinwu Financial News | According to Dongwu Securities Research Report, Baidu Group (09888) Q1 revenue met market expectations, and adjusted net profit exceeded market expectations. According to the bank, operational optimization drove Baidu's core performance to exceed expectations, and investment in AI had limited impact on profit margins. The short-term pressure on the advertising business is mainly affected by the weak intention of advertisers in real estate and upstream and downstream related industries, yet AI technology continues to improve the user experience. According to the bank, considering that the overall advertising business is still under pressure in the short term, but the company's operating efficiency continues to be optimized, the bank changed the company's revenue forecast for 2024-2026 from 1396/1500/1585
Li Yanhong is one step ahead of Musk
Commercialization is accelerating.
On the first anniversary of AI restructuring, Baidu broke into the deep water zone
What kind of report card did Baidu hand over?
Baidu (09888) rose nearly 4% after performance, adjusted net profit increased 22% in the first quarter, core revenue increased 4%
Jinwu Financial News | Baidu (09888) fluctuated higher at the beginning of the session. At the end of the press release, it rose 3.78% to HK$112.5, with a turnover of HK$476 million. The company announced that in the first quarter of 2024, net profit attributable to Baidu was recorded at 5.448 billion yuan (RMB, same below), a year-on-year decrease of 9% and a quarterly increase of 110%; basic income per common share was 1.87 yuan, and basic income per American depository share was 14.97 yuan. Adjusted net profit of $7.011 billion, up 22% year over year, down 10% quarter on quarter; adjusted diluted income per American depository share was $19.91. Total revenue record for the period
Changes in Hong Kong stocks | Baidu Group - SW (09888) rose nearly 5% after results, net profit increased 22% year-on-year in the first quarter, and the smart cloud business continued to grow
Baidu Group - SW (09888) rose nearly 5% after the results. As of press release, it rose 4.06% to HK$112.8, with a turnover of HK$348 million.
Baidu Q1 Net Income Drops 6% Despite Slightly Higher Revenue
Baidu (HKG:9888) reported net income of 5.45 billion yuan for the first quarter, a 6% decline from the 5.83 billion yuan in the same quarter in the prior year, according to a Thursday filing on the Hong Kong bourse.
[Broker Focus] BOC International slightly cuts Baidu's (09888) target price to HK$128, indicating that advertising is under pressure in the short term
Jinwu Financial News | According to BOC International Development Research Report, Baidu (09888)'s total revenue for the first quarter of 2024 was 31.5 billion yuan (RMB, same below), an increase of 1% over the previous year, in line with the bank/unanimous expectations. Adjusted net profit of $7 billion, corresponding to a net profit margin of 22%, an increase of 4 percentage points over the previous year, significantly exceeding the bank/agreed expectations of 16%/27%, thanks to continued focus on optimizing operational efficiency and allocating strategic resources to the core business. According to the bank, Baidu's core revenue was 23.8 billion yuan, up 4% year on year, adjusted operating profit increased 4%, and the corresponding profit margin was 23%, which was the same as the previous month. 1) Advertising revenue increased by 3%, medium and small
Zhitong Hong Kong stocks have known for a long time | Multiple ministries and commissions are planning to launch a “major move” for real estate. The Hong Kong Securities Regulatory Commission allows simplified regulations to be extended to active ETFs
The real estate industry continues to decline, and policies and measures aimed at absorbing the stock of real estate and optimizing incremental housing are being prepared.
GLONGHUI ANNOUNCEMENT SELECTION (HK Stocks) | JD Group-SW (09618.HK) First-quarter revenue increased 7.0% year over year, EBITDA increased 13.6% under non-US GAAP
[Today's Focus] JD Group-SW (09618.HK) revenue for the first quarter increased 7.0% year-on-year, and non-US GAAP EBITDA increased 13.6% JD Group-SW (09618.HK) announced that in the first quarter of 2024, the company's revenue was RMB 260 billion (US$36 billion), up 7.0% from the first quarter of 2023. Operating profit for the first quarter of 2024 was RMB 7.7 billion (US$1.1 billion) and the first quarter of 2023 was RMB 6.4 billion. Non-US GAAP operations for the first quarter of 2024
From Baidu-SW (09888) Q1 financial report, look at the triple changes brought about by Wenxin's big model after restructuring the entire business line
The triple transformation of the three major businesses has brought about an accelerated fission of value across Baidu's entire ecosystem.
Baidu Rises After Q1 Beat as AI Cloud Sales Grow Despite Slowdown in Marketing Revenue
Baidu's (NASDAQ:BIDU) stock rose about 2% premarket on Thursday after it reported first-quarter results that beat estimates.
Baidu Group-SW (09888.HK): Total revenue for the first quarter was 31.5 billion yuan
Gelonghui May 16 | Baidu Group-SW (09888.HK) announced its results for the first quarter of 2024. The total revenue for the first quarter of 2024 was RMB 31.5 billion (US$4.37 billion), an increase of 1% over the previous year. Baidu's core revenue was RMB 23.8 billion (US$3.30 billion), up 4% year on year; online marketing revenue was RMB 17 billion (US$2.36 billion), up 3% year on year, and non-online marketing revenue was RMB 6.8 billion (US$935 million), up 6% year over year, mainly driven by the smart cloud business. iQiyi's revenue was RMB 7.9 billion (
ANNOUNCEMENT OF THE 2024 FIRST QUARTER RESULTS
Baidu Sees Robotaxi Unit Turning Profitable in 2025 - Report
Chinese tech giant Baidu (NASDAQ:BIDU) expects its Apollo Go robotaxi unit to break even by the end of 2024 and become profitable in 2025.
Baidu Apollo Launches 6th-gen Robotaxi With 60% Lower Cost
Baidu's self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025.
Baidu First-Quarter Profit Likely Fell on Flat Revenue -- Earnings Preview
NET PROFIT: Baidu is likely to post net profit of 4.12 billion yuan ($569.6 million) for the quarter, according to the consensus estimate of 15 analysts in a FactSet poll, down from CNY5.825 billion a year earlier.