Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Thematic (Sector/Industry)

<ul><li>Chinese artificial intelligence leader SenseTime plans to launch its own chatbot model in mid-2023, the company said, becoming the latest tech company to join the global rush sparked by OpenAI’s ChatGPT.</li><li>Hong Kong-traded SenseTime said it made major progress in natural language processing and successfully developed a large pretrained model which will be rolled out in the middle of this year.</li><li>The model has been trained with more than 100 billion parameters to improve the performance of text generation and human-computer dialogue, SenseTime said Tuesday during its earnings call.</li></ul>

Chinese artificial intelligence leader SenseTime plans to launch its own chatbot model in mid-2023, the company said, becoming the latest tech company to join the global rush sparked by OpenAI’s ChatGPT.Hong Kong-traded SenseTime said it made major progress in natural language processing and successfully developed a large pretrained model which will be rolled out in the middle of this year.The model has been trained with more than 100 billion parameters to improve the performance of text generation and human-computer dialogue, SenseTime said Tuesday during its earnings call.

SenseTime to Roll Out Its Own ChatGPT Rival in Mid-2023

Cross Asset Strategy

<ul><li>Funds / Regulators tighten grip on China’s $2.9 trillion private fund industry</li><li>Fugitive / Fugitive billionaire Guo Wengui arrested in New York</li><li>Yuan / HKEX applies to launch yuan counter for Hong Kong-listed shares</li></ul>

Funds / Regulators tighten grip on China’s $2.9 trillion private fund industryFugitive / Fugitive billionaire Guo Wengui arrested in New YorkYuan / HKEX applies to launch yuan counter for Hong Kong-listed shares

CX Daily: Regulators Tighten Grip on China’s $2.9 Trillion Private Fund Industry

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Equity Bottom-Up

<ul><li>Baidu announced (22 Feb) its 4Q22 and full year results: quarterly revenue was RMB33.</li><li>1bn, flat YoY, 4/3% higher than our forecast/Bloomberg consensus estimates; non-GAAP net income was RMB5.4bn, 7/13% higher than our forecast/Bloomberg consensus estimates, driven by stringent cost control.</li><li>Non ad revenue was up 10% YoY and accounted for 30% of Baidu Core revenue (4Q21: 26%). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Baidu announced (22 Feb) its 4Q22 and full year results: quarterly revenue was RMB33.1bn, flat YoY, 4/3% higher than our forecast/Bloomberg consensus estimates; non-GAAP net income was RMB5.4bn, 7/13% higher than our forecast/Bloomberg consensus estimates, driven by stringent cost control.Non ad revenue was up 10% YoY and accounted for 30% of Baidu Core revenue (4Q21: 26%). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Baidu (BIDU US) – Strong AI capability to empower business growth

<ul><li>Baidu’s core ads business is on track for recovery in January 2023 and we expect search ads demand will benefit from faster than expected offline activities recovery in 1Q23, evidenced by robust offline travel and commerce traffic since Chinese New Year.</li><li>Search ads demand faced significant pressure due to offline activities disruptions in 2022, the faster than expected normalization would bring search ads demand back to normalized pace.</li><li>Baidu has accumulated strong AI technological capability, and with improving core search ads business outlook in 2023, the progress in large scale monetization of ASD and earlier than expected breakeven of cloud business would serve as solid fundamentals support for its stock price. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Baidu’s core ads business is on track for recovery in January 2023 and we expect search ads demand will benefit from faster than expected offline activities recovery in 1Q23, evidenced by robust offline travel and commerce traffic since Chinese New Year.Search ads demand faced significant pressure due to offline activities disruptions in 2022, the faster than expected normalization would bring search ads demand back to normalized pace.Baidu has accumulated strong AI technological capability, and with improving core search ads business outlook in 2023, the progress in large scale monetization of ASD and earlier than expected breakeven of cloud business would serve as solid fundamentals support for its stock price. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Baidu (BIDU US) – Core Business Recovery on Track with More to Expect on New Initiatives

<ul>
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In Depth: What’s worrying regulators about China’s mutual fund boom
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China calls balloon incident a ‘test’ for U.S. to improve relations
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China stock exchanges appoint IPO review committees to clean up listings
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In Depth: What’s worrying regulators about China’s mutual fund boom


China calls balloon incident a ‘test’ for U.S. to improve relations


China stock exchanges appoint IPO review committees to clean up listings



CX Daily: What’s Worrying Regulators About China’s Mutual Fund Boom

China

Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, news, MP3, and image searches, voice assistance, online storage, and navigation services. Baidu serves clients globally.

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Baidu (BIDU US)

SenseTime to Roll Out Its Own ChatGPT Rival in Mid-2023

Chinese artificial intelligence leader SenseTime plans to launch its own chatbot model in mid-2023, the company said, becoming the latest tech...

Caixin Global

CX Daily: Regulators Tighten Grip on China’s $2.9 Trillion Private Fund Industry

Regulators tighten grip on China’s $2.9 trillion private fund industry. Fugitive billionaire Guo Wengui arrested in New York. HKEX applies to...

Caixin Global

Baidu (BIDU US) – Strong AI capability to empower business growth

Baidu announced (22 Feb) its 4Q22 and full year results: quarterly revenue was RMB33. 1bn, flat YoY, 4/3% higher than our forecast/Bloomberg...

CMB International

Baidu (BIDU US) – Core Business Recovery on Track with More to Expect on New Initiatives

Search ads demand faced significant pressure due to offline activities disruptions in 2022, the faster than expected normalization would bring...

CMB International

CX Daily: What’s Worrying Regulators About China’s Mutual Fund Boom

In Depth: What’s worrying regulators about China’s mutual fund boom China calls balloon incident a ‘test’ for U.S. to improve relations China...

Caixin Global

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