Uber Plans to Introduce Robotaxi Services in Over 10 Markets by Late 2026, Potentially Including Hong Kong
Robotaxi Services Expansion: Uber's CEO, Dara Khosrowshahi, predicts that robotaxi services will be operational in over ten markets by the end of 2026, with potential locations including Hong Kong and Japan.
Collaboration with Baidu: In July, Uber and Baidu announced a multi-year partnership to introduce driverless taxi services in various markets outside the US and China using the Uber platform.
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US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
BIDU-SW's Kunlunxin Reportedly Set to Begin Roadshow Following Lunar New Year
Investor Roadshow Announcement: Baidu's subsidiary Kunlunxin is set to launch an investor roadshow after the Lunar New Year, focusing on existing institutional shareholders.
Listing Application: Kunlunxin has submitted a confidential Main Board listing application to HKEX earlier this year.
Short Selling Data: The short selling for BIDU-SW is reported at $492.08 million with a ratio of 24.610%, while another figure shows $614.31 million and a ratio of 17.107%.
Valuation Update: Following its Series D financing in July 2025, Kunlunxin's post-investment valuation is reported to be RMB21 billion.
CN SAMR Calls on Alibaba and Tencent to Address 'Involutionary' Competition Issues
Regulatory Action: China's State Administration for Market Regulation (SAMR) summoned major platform companies, including Alibaba, Douyin, Baidu, Tencent, JD, and Meituan, to ensure compliance with various laws and regulations.
Focus on Fair Competition: The SAMR emphasized the need for these companies to regulate their promotional activities and eliminate "involutionary" competition to maintain a fair market environment.
HSI Closes with a 233-Point Decline; BUD APAC Drops Over 5%; KNOWLEDGE ATLAS Soars Nearly 30%
Market Performance: The HSI closed at 27,032, down 233 points (0.9%), with significant declines in the HSCEI and HSTECH, while total market turnover reached HKD238.705 billion.
Company Earnings: BUD APAC was the worst-performing blue-chip stock, down 5.2% after reporting a 32.6% drop in net profit. Other companies like Lenovo and NetEase also saw declines despite some reporting increased profits.
Regulatory Actions: The Beijing Municipal Market Supervision Bureau engaged with 12 online ticket sales platforms, resulting in declines for companies like Trip.com and Meituan, which fell 3.9% and 4.5%, respectively.
AI Sector Growth: Following Premier Li Qiang's call for AI innovation, AI stocks like SenseTime and Knowledge Atlas saw significant gains, with Knowledge Atlas soaring 28.7% after launching a new product.
HSI Drops 242 Points at Midday, Driven by Technology Stocks; CN Developers and WUXI Series Surge
Market Performance: Hong Kong stocks faced a decline, with the HSI dropping 242 points (0.9%) to 27,023, while the HSCEI and HSTECH also fell by nearly 1% and 1.7%, respectively.
Tech Stocks Struggles: Major tech companies like NTES, BABA, and TENCENT saw significant drops in their share prices, with NTES down 3.8% and BABA down 2.1%, amid disappointing earnings reports and ongoing investment strategies.
Chinese Developers' Gains: Some Chinese developers, including CHINA VANKE and RONSHINECHINA, experienced gains due to reports of a potential RMB80 billion rescue package from the Shenzhen municipal government.
WUXI APPTEC's Success: WUXI APPTEC emerged as the best-performing blue chip, rising nearly 4% after Nomura raised its revenue expectations and target price, indicating strong future performance.
Spring Festival 'Red Packet' Competition Highlights Challenges in Clearing and Settlement; TENCENT Announces Enhancements to Cybersecurity Measures
Red Packet Competition: The Spring Festival has seen a resurgence in the 'red packet' competition among major companies in China, with TENCENT, BIDU, BABA, and ByteDance launching significant cash giveaways and tech gifts to attract users.
AI Integration and Security: Companies are enhancing their offerings with AI features and focusing on payment security, with TENCENT emphasizing its cybersecurity measures to protect users during the red packet distribution.
Market Dynamics: The competition is not just about cash giveaways; it reflects a broader battle for technical capabilities, compliance, and ecosystem coordination among payment institutions.
Future Implications: Industry experts suggest that the ability to clear and settle transactions efficiently will become a critical factor in determining the competitiveness of payment platforms after the red packet frenzy subsides.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
BIDU-SW's Kunlunxin Reportedly Set to Begin Roadshow Following Lunar New Year
Investor Roadshow Announcement: Baidu's subsidiary Kunlunxin is set to launch an investor roadshow after the Lunar New Year, focusing on existing institutional shareholders.
Listing Application: Kunlunxin has submitted a confidential Main Board listing application to HKEX earlier this year.
Short Selling Data: The short selling for BIDU-SW is reported at $492.08 million with a ratio of 24.610%, while another figure shows $614.31 million and a ratio of 17.107%.
Valuation Update: Following its Series D financing in July 2025, Kunlunxin's post-investment valuation is reported to be RMB21 billion.
CN SAMR Calls on Alibaba and Tencent to Address 'Involutionary' Competition Issues
Regulatory Action: China's State Administration for Market Regulation (SAMR) summoned major platform companies, including Alibaba, Douyin, Baidu, Tencent, JD, and Meituan, to ensure compliance with various laws and regulations.
Focus on Fair Competition: The SAMR emphasized the need for these companies to regulate their promotional activities and eliminate "involutionary" competition to maintain a fair market environment.
HSI Closes with a 233-Point Decline; BUD APAC Drops Over 5%; KNOWLEDGE ATLAS Soars Nearly 30%
Market Performance: The HSI closed at 27,032, down 233 points (0.9%), with significant declines in the HSCEI and HSTECH, while total market turnover reached HKD238.705 billion.
Company Earnings: BUD APAC was the worst-performing blue-chip stock, down 5.2% after reporting a 32.6% drop in net profit. Other companies like Lenovo and NetEase also saw declines despite some reporting increased profits.
Regulatory Actions: The Beijing Municipal Market Supervision Bureau engaged with 12 online ticket sales platforms, resulting in declines for companies like Trip.com and Meituan, which fell 3.9% and 4.5%, respectively.
AI Sector Growth: Following Premier Li Qiang's call for AI innovation, AI stocks like SenseTime and Knowledge Atlas saw significant gains, with Knowledge Atlas soaring 28.7% after launching a new product.
HSI Drops 242 Points at Midday, Driven by Technology Stocks; CN Developers and WUXI Series Surge
Market Performance: Hong Kong stocks faced a decline, with the HSI dropping 242 points (0.9%) to 27,023, while the HSCEI and HSTECH also fell by nearly 1% and 1.7%, respectively.
Tech Stocks Struggles: Major tech companies like NTES, BABA, and TENCENT saw significant drops in their share prices, with NTES down 3.8% and BABA down 2.1%, amid disappointing earnings reports and ongoing investment strategies.
Chinese Developers' Gains: Some Chinese developers, including CHINA VANKE and RONSHINECHINA, experienced gains due to reports of a potential RMB80 billion rescue package from the Shenzhen municipal government.
WUXI APPTEC's Success: WUXI APPTEC emerged as the best-performing blue chip, rising nearly 4% after Nomura raised its revenue expectations and target price, indicating strong future performance.
Spring Festival 'Red Packet' Competition Highlights Challenges in Clearing and Settlement; TENCENT Announces Enhancements to Cybersecurity Measures
Red Packet Competition: The Spring Festival has seen a resurgence in the 'red packet' competition among major companies in China, with TENCENT, BIDU, BABA, and ByteDance launching significant cash giveaways and tech gifts to attract users.
AI Integration and Security: Companies are enhancing their offerings with AI features and focusing on payment security, with TENCENT emphasizing its cybersecurity measures to protect users during the red packet distribution.
Market Dynamics: The competition is not just about cash giveaways; it reflects a broader battle for technical capabilities, compliance, and ecosystem coordination among payment institutions.
Future Implications: Industry experts suggest that the ability to clear and settle transactions efficiently will become a critical factor in determining the competitiveness of payment platforms after the red packet frenzy subsides.
