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Baidu says its ChatGPT rival Ernie bot has more than 100 million users

by Walter Watson
Baidu says its ChatGPT rival Ernie bot has more than 100 million users

HANGZHOU, CHINA – NOVEMBER 23: People learn about Baidu’s artificial intelligence (AI) chatbot service ERNIE Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November …

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AI boom fails to propel China’s cloud market growth

by Walter Watson
AI boom fails to propel China’s cloud market growth

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t yet fueling …

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Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business

by Walter Watson
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business

Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan …

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TikTok, GoTo team up in Indonesia, threatening e-commerce giant Shopee

by Edgar Davis
TikTok, GoTo team up in Indonesia, threatening e-commerce giant Shopee

BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images …

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U.S. pension funds heavily invested in China despite crackdown

by Walter Watson
U.S. pension funds heavily invested in China despite crackdown

3d illustration flag of China. Close up waving flag of China. Aoraee | Istock | Getty Images U.S. proposals to clamp down on investments in China may be being undermined …

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Rakuten plans to launch its own AI model within next 2 months: CEO

by Edgar Davis
Rakuten plans to launch its own AI model within next 2 months: CEO

The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to launch its …

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Microsoft’s president meets with the Chinese government to talk A.I.

by Walter Watson
Microsoft’s president meets with the Chinese government to talk A.I.

Microsoft CEO Brad Smith participates in a meeting at The Westin Palace Hotel, on 20 May, 2022 in Madrid, Spain. Cezaro De Luca | Europa Press | Getty Images Microsoft …

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Morgan Stanley picks ‘alpha’ opportunities in China tech

by Walter Watson
Morgan Stanley picks ‘alpha’ opportunities in China tech

The Chinese economy may have been in a funk this year, but Morgan Stanley sees promise in tech — naming stocks to play the sector into the new year. In …

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Stocks making the biggest moves midday: TSLA, DIS, BABA, ULTA

by Walter Watson
Stocks making the biggest moves midday: TSLA, DIS, BABA, ULTA

Check out the companies making headlines in midday trading. Tesla — Tesla shares slipped less than 1% as Wall Street assessed the company’s long-anticipated Cybertruck following a delivery launch event …

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Goldman reveals one of its favorite sectors in China, names stocks

by Walter Watson
Goldman reveals one of its favorite sectors in China, names stocks

China e-commerce is one of Goldman’s top preferred sub-sectors — and there will be six key themes coming up in 2024, the bank said. The themes are: Consumers’ focus on …

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