Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>Baidu announced that the company has seen a rapid uptake in its Robotaxi business on the mainland.</li>
<li>Baidu is at the forefront of the industry globally with its Fully Self Driving taxis available in more than 10 major cities in China.</li>
<li>Baidu's autonomous taxi unit, Apollo Go, has over 100 million kilometers of high-level autonomous safety driving mileage and holds over 5,000 autonomous driving patents.</li>
</ul>


Baidu announced that the company has seen a rapid uptake in its Robotaxi business on the mainland.
Baidu is at the forefront of the industry globally with its Fully Self Driving taxis available in more than 10 major cities in China.
Baidu's autonomous taxi unit, Apollo Go, has over 100 million kilometers of high-level autonomous safety driving mileage and holds over 5,000 autonomous driving patents.


CHINA: Fasten Your Seat Belts! BAIDU Accelerates in the Fast Growing Robotaxi Industry.

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

Cross Asset Strategy

<ul><li>In Depth: China’s Housing Market Flashes Signs of Life in Core Cities On May 3, the banquet hall of a Hilton Garden Inn in Shenzhen was filled to capacity.</li><li>Within 40 minutes, buyers had snapped up all 92 apartments at Longhu Guancui, a newly launched residential project, making it the city’s first development in 2026 to sell out on its opening day.</li><li>Analysis: Why China Chip Stocks Are Sliding After Sharp Rally Chinese semiconductor stocks extended losses Monday, with the CSI Semiconductor Industry Index down more than 15% from late-May highs, as profit-taking, stake reductions and IPO expectations hit sentiment.</li></ul>

In Depth: China’s Housing Market Flashes Signs of Life in Core Cities On May 3, the banquet hall of a Hilton Garden Inn in Shenzhen was filled to capacity.Within 40 minutes, buyers had snapped up all 92 apartments at Longhu Guancui, a newly launched residential project, making it the city’s first development in 2026 to sell out on its opening day.Analysis: Why China Chip Stocks Are Sliding After Sharp Rally Chinese semiconductor stocks extended losses Monday, with the CSI Semiconductor Industry Index down more than 15% from late-May highs, as profit-taking, stake reductions and IPO expectations hit sentiment.

CX Daily: China’s Housing Market Flashes Signs of Life in Core Cities 

Equity Long-Short

Mo Aziz

<ul>
<li>The global energy shock is creating a divergence in electricity costs, not just fuel prices—this is reshaping manufacturing competitiveness in favour of China.</li>
<li>China’s coal-heavy, regulated power system insulates industrial costs, while LNG-dependent Asian and European exporters face margin compression. </li>
<li>This sets up a structural reallocation of global manufacturing share—an early-stage “China Shock 2.0” driven by energy economics, not labour arbitrage.</li>
</ul>


The global energy shock is creating a divergence in electricity costs, not just fuel prices—this is reshaping manufacturing competitiveness in favour of China.
China’s coal-heavy, regulated power system insulates industrial costs, while LNG-dependent Asian and European exporters face margin compression. 
This sets up a structural reallocation of global manufacturing share—an early-stage “China Shock 2.0” driven by energy economics, not labour arbitrage.


Energy Shock Is Not Symmetric — Why China Wins This Cycle

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

<ul>
<li>We highlight 10 stocks in China that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Three stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 160% versus the CSI 300 Index’s return of 97%</li>
</ul>


We highlight 10 stocks in China that look interesting to us based on our FVMR methodology
Portfolio changes: Three stocks remain, seven new join the fray
Since inception, it has gained 160% versus the CSI 300 Index’s return of 97%


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>Overseas revenue is 60-100% more profitable, and interestingly, it has reached more than 50% of BYD's total revenue for the first time. </li>
<li>The recent recall is not significant enough to dent the group's overall business. <a href="https://www.smartkarma.com/entities/byd-company-limited-class-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD Company (1211 HK)</a> has one of the highest overseas sales contributions compared to the peers. </li>
<li>The lower valuation, combined with a stronger operation including higher overall margin thanks to the growing overseas business, presents an opportunity to own BYD. </li>
</ul>


Overseas revenue is 60-100% more profitable, and interestingly, it has reached more than 50% of BYD's total revenue for the first time. 
The recent recall is not significant enough to dent the group's overall business. BYD Company (1211 HK) has one of the highest overseas sales contributions compared to the peers. 
The lower valuation, combined with a stronger operation including higher overall margin thanks to the growing overseas business, presents an opportunity to own BYD. 


China

SAIC Motor Corporation Ltd., through joint ventures, manufactures and markets automobiles and related parts and accessories.

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SAIC Motor (600104 CH)

CHINA: Fasten Your Seat Belts! BAIDU Accelerates in the Fast Growing Robotaxi Industry.

Baidu shares begin to re-rate as its new AI modil outperformed Google Gemini and Open AI's GPT-5. The new version of Ernie AI reasoning model also...

David Mudd

CX Daily: China’s Housing Market Flashes Signs of Life in Core Cities

In Depth: China’s Housing Market Flashes Signs of Life in Core Cities On May 3, the banquet hall of a Hilton Garden Inn in Shenzhen...

Caixin Global

Energy Shock Is Not Symmetric — Why China Wins This Cycle

Energy shocks boost China's manufacturing edge as coal-based power beats costly LNG. This shift could structurally reallocate global manufacturing...

Mo Aziz

The Stocks to Own in China – Vol. 38

We highlight 10 stocks in China that look interesting to us based on our FVMR methodology. Portfolio changes: Three stocks remain, seven new join...

A. Stotz Investment Research

BYD (1211): Mid-Term Value Opportunity

The recent recall is manageable, while overseas business keeps on growing with a much higher operating margin as well. The weaker share price...

Henry Soediarko

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