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Signaturefd LLC lowered its holdings in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,101 shares of the information services provider’s stock after selling 274 shares during the period. Signaturefd LLC’s holdings in Baidu were worth $369,000 at the end of the most recent quarter. […]
BEIJING (Reuters) -Japan's Toyota Motor will pair up with China's Tencent while Nissan will team up with Baidu, the companies said on Thursday, cross-border partnerships that highlight the importance of artificial intelligence for carmakers. The separate announcements from two of Japan's biggest automakers at the Beijing auto show also underscored the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their once enviable positions in the Chinese market.
The separate announcements also underscore the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their positions in the Chinese market
Nissan Motor unveiled four new electric vehicle models at the Beijing Auto Show and vowed to build more EV products ‘in China, for China’ in an attempt to recover lost sales.
Chinese electric vehicle start-up Xpeng said its partnership with AI chip supplier Nvidia has not been affected by tighter US trade sanctions, but it will keep its options open with local suppliers.