Baidu - Bamboo Works - China stock insights for global investors

Digital learning firm Shanghai Able targets tech upgrade

Sun, 12 May 2024 23:25:49 +0000

Boasting more than 27,000 online courses and backed by Sina and Baidu, the owner of China’s “Wisdom Tree” learning platform is seeking a Hong Kong IPO to boost spending on educational R&D Key Takeaways: By Li Shin Ta China’s education sector offers a case study in technology-driven change, with the rapid rise of virtual classrooms, digital.....

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FAST NEWS: Yixin surges on strong profit, revenue gains

Fri, 01 Mar 2024 06:06:40 +0000

The Latest: Auto financier Yixin Group Ltd. (02858.HK) said on Thursday its revenue rose 29% last year to 6.69 billion yuan ($930 million), while its net profit jumped 50% to 555 million yuan. Looking Up: The company recorded strong revenue growth across its various businesses, led by 280% growth for its software as a service (SaaS) offerings. Take Note: The company declared.....

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FAST NEWS: Baidu sees big potential in Ernie Bot as profit drops

Thu, 29 Feb 2024 09:16:14 +0000

The Latest: Leading search engine Baidu Inc.’s (9888.HK, BIDU.US) revenue rose 6% year-on-year to 35 billion yuan ($4.92 billion) in the fourth quarter, while its net profit fell 48% to nearly 2.6 billion yuan, according to its latest results released on Wednesday. Looking Up: The company’s adjusted net profit, which typically excludes items like employee stock compensation, increased by 44% to.....

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NEWS WRAP: iQiyi growth stalls in fourth quarter, as it posts first annual profit

Thu, 29 Feb 2024 06:33:30 +0000

The Baidu-backed video streaming platform became profitable after a major strategy shift in 2022, but now faces new challenges from China’s slowing economy By Teri Yu iQiyi Inc. (IQ.US), one of China’s leading long-form video streaming platforms, posted its first annual profit last year, reporting net income of 1.9 billion yuan ($271 million) in.....

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Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses

Thu, 04 Jan 2024 05:40:05 +0000

The livestreaming company may be forced to find a new buyer for its Chinese business at a far lower price after its sale to Baidu announced in 2020 failed to get regulatory approval Key Takeaways: By Doug Young It wasn’t a very happy New Year for Joyy Inc. (YY.US), which kicked off 2024 by.....

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Shrinking Lemeng faces uphill road to New York IPO

Tue, 07 Nov 2023 05:30:20 +0000

The advertising services company’s revenue contracted 16% in the first half of 2023, as it seeks to raise about $20 million from a U.S. listing Key Takeaways: By Doug Young The prolonged winter for new Chinese listings in New York marches on, even as a handful of smaller companies are braving the cold with.....

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PODCAST: Baidu launches its ERNIE chatbot, and Baozun in a major new foreign tie-up

Mon, 11 Sep 2023 02:47:50 +0000

By Doug Young & Rene Vanguestaine Baidu has officially made its ERNIE chatbot available to the public, a half year after it first unveiled its answer to the ChatGPT sensation. But will ERNIE and other Chinese chatbots be ignored by local consumers due to China’s strict content controls? And e-commerce software tools maker Baozun announces.....

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CHINA BULLETIN: Beijing Gets Serious on Economic Stimulus

Sun, 03 Sep 2023 07:37:10 +0000

In this week’s issue government stimulus heats up, U.S. Commerce Secretary calls on Beijing, and Huawei rejoins the smartphone race. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.

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Miniso rings up dividend policy to lure investors

Thu, 03 Aug 2023 01:42:40 +0000

The Chinese budget lifestyle retailer will pay out 50% or more of its profits as a regular dividend, though the company has lost money in three of the last four years Key Takeaways: By Edith Terry Investors were hardly impressed when Miniso Group Holding Ltd. (MNSO.US, 9896.HK) announced a new dividend policy of returning.....

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With strong results, who needs splashy chatbots? Not Tencent

Thu, 25 May 2023 01:00:00 +0000

The leading game operator’s latest quarterly results showed it has emerged from a two-year cloud of harsh regulation and Covid restrictions Key Takeaways: 　 By Fai Pui The waiting game goes on for China’s anxious gaming industry. China’s regulator, the National Press and Publication Administration, on Monday published its latest list of approvals for domestically.....

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Tech unicorn Fourth Paradigm relaunches IPO, riding AI wave

Thu, 04 May 2023 03:29:11 +0000

The provider of AI services for businesses is making a fourth attempt at a Hong Kong listing, propelled by the excitement about ChatGPT tools Key Takeaways: 　 By Emily Chan Chinese companies are racing to plug artificial intelligence into their businesses after ChatGPT burst onto the commercial scene last year. But they face daunting costs.....

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Net gains: Chinese tech companies rapidly gain ground on western peers in ESG

Thu, 27 Apr 2023 02:44:07 +0000

An analysis finds a general trend of significant evolution, greater transparency, and improved performance in ESG by Chinese tech giants like Alibaba, Tencent and Baidu 　 By Dr. Mark Watson As environment, social and governance (ESG) moves increasingly into the mainstream of business strategy at a global level, and following a general trend for its.....

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