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>Industry executives attending the World AI Conference in Shanghai expressed concerns about recurring technological issues in the development of large language models (LLMs) and offered possible solutions, as demand for more reliable artificial intelligence (AI) models designed for sector-specific software grows stronger.</li><li>The issues also come as China’s tech titans have kicked off a new round of price cuts for their AI models, extending a fierce price war in an effort not to lead the industry but to gain more users for their cloud businesses — a key resource for AI developers.</li><li>Xu Li, CEO of Chinese facial recognition and AI specialist SenseTime Group Inc.</li></ul>

Industry executives attending the World AI Conference in Shanghai expressed concerns about recurring technological issues in the development of large language models (LLMs) and offered possible solutions, as demand for more reliable artificial intelligence (AI) models designed for sector-specific software grows stronger.The issues also come as China’s tech titans have kicked off a new round of price cuts for their AI models, extending a fierce price war in an effort not to lead the industry but to gain more users for their cloud businesses — a key resource for AI developers.Xu Li, CEO of Chinese facial recognition and AI specialist SenseTime Group Inc.

China’s AI Models Struggle to Bring Transformative Use, Executive Says 

Equity Bottom-Up

<ul><li>Alibaba Group’s office messaging and meeting app DingTalk is allowing users of Tencent Holdings’ rival social media app WeChat to directly join any meeting initiated on DingTalk without first registering.</li><li>DingTalk users can now share a meeting link with WeChat users, who can enter the meeting within WeChat.</li><li>Previously, DingTalk required participants to download its meeting app and register.</li></ul>

Alibaba Group’s office messaging and meeting app DingTalk is allowing users of Tencent Holdings’ rival social media app WeChat to directly join any meeting initiated on DingTalk without first registering.DingTalk users can now share a meeting link with WeChat users, who can enter the meeting within WeChat.Previously, DingTalk required participants to download its meeting app and register.

Alibaba, Tencent Continue to Tear Down Walls Between Their Meeting Platforms 

Cross Asset Strategy

<ul>
<li>Stocks / Caixin Explains: Why China’s efforts to juice stocks typically don’t last</li>
<li>China-U.K. /: China-U.K. thaw continues as top officials confer in Beijing</li>
<li>Green /: China, Europe and the U.S. have broad prospects for climate cooperation, top climate envoy says</li>
</ul>


Stocks / Caixin Explains: Why China’s efforts to juice stocks typically don’t last
China-U.K. /: China-U.K. thaw continues as top officials confer in Beijing
Green /: China, Europe and the U.S. have broad prospects for climate cooperation, top climate envoy says


CX Daily: Why China’s Efforts to Juice Stocks Typically Don’t Last

Macroeconomics

<ul><li>China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private economy.</li><li>The July Politburo meeting is closely watched for signs of measures Beijing will implement to shore up growth, as the country’s post-pandemic economic recovery has lost momentum over the past few months.</li><li>“At the moment, the economy is facing new difficulties and challenges — mainly insufficient domestic demand, difficulties in the operations of some enterprises, risks and hidden dangers in key areas, and a complex and severe external environment,” stated the readout of the meeting chaired by President Xi Jinping.</li></ul>

China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private economy.The July Politburo meeting is closely watched for signs of measures Beijing will implement to shore up growth, as the country’s post-pandemic economic recovery has lost momentum over the past few months.“At the moment, the economy is facing new difficulties and challenges — mainly insufficient domestic demand, difficulties in the operations of some enterprises, risks and hidden dangers in key areas, and a complex and severe external environment,” stated the readout of the meeting chaired by President Xi Jinping.

China Politburo Targets Boosting Domestic Demand, Private Sector

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.

<ul><li>China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery.</li><li>Total ad spend returned to positive growth of 15% YoY in April 2023, per CTR.</li><li>However, overall ad spend has yet to recover to the 2021 level, with ad spending in Apr 2023 only reached 92% of the ad spend level in Apr 2021. </li></ul><p><em>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.</em></p>

China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery.Total ad spend returned to positive growth of 15% YoY in April 2023, per CTR.However, overall ad spend has yet to recover to the 2021 level, with ad spending in Apr 2023 only reached 92% of the ad spend level in Apr 2021. 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.

China Internet – 2Q23 online advertising: recovery in cautious mode

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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China’s AI Models Struggle to Bring Transformative Use, Executive Says

Industry executives attending the World AI Conference in Shanghai expressed concerns about recurring technological issues in the development of...

Caixin Global

Alibaba, Tencent Continue to Tear Down Walls Between Their Meeting Platforms

Alibaba Group’s office messaging and meeting app DingTalk is allowing users of Tencent Holdings’ rival social media app WeChat to directly join...

Caixin Global

CX Daily: Why China’s Efforts to Juice Stocks Typically Don’t Last

Stocks / Caixin Explains: Why China’s efforts to juice stocks typically don’t last China-U.K. /: China-U.K. thaw continues as top officials confer...

Caixin Global

China Politburo Targets Boosting Domestic Demand, Private Sector

China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private...

Caixin Global

China Internet – 2Q23 online advertising: recovery in cautious mode

China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery. Total ad spend returned to positive...

CMB International

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