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Meituan Troubles Are Piling Up Even After 40% Slump

(Bloomberg) -- The stock of China’s biggest food delivery platform has almost halved since a January peak and if traders are right, the worst isn’t over.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionBank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth PledgeStocks Shrug Off Losses After Fedspeak; Oil Cl...
Kai Wang Hong Kong Bloomberg Businessweek Ellie Jiang Morgan Stanley Vitesco Technologies Group
Source: yahoo.com

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Baidu's $23 Billion Rally May See Boost on ChatGPT Rival Launch

(Bloomberg) -- China’s leading internet search provider Baidu Inc. may get a fresh tailwind from the sooner-than-expected launch of its ChatGPT-like Ernie Bot, reigniting a rally that boosted its market valuation by $23 billion from last year’s trough.Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar...
Kai Wang Alex Yao Bloomberg Businessweek Rob Arnott Boris Van Baidu Inc
Source: yahoo.com

China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump

:Four Chinese tech firms, including Baidu Inc and SenseTime Group, on Thursday launched their artificial intelligence (AI) chatbots to the public after receiving government approval, as China's government pushes to widen the use of such products amid competition with the United States.Baidu, China's leading o
Kai Wang United States Hong Kong Shawn Yang Alibaba Group Tencent Holdings

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