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Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank

Jack Ma s Ant Group was the next big thing. Now it may become just a boring bank
CNN
2/23/2021
Analysis by Laura He, CNN Business
© Qilai Shen/Bloomberg/Getty Images
A pedestrian walks past an Alipay sign outside an Ant Group Co. office building in Shanghai, China, on Thursday, Dec. 24, 2020.
Jack Ma s Ant Group quickly became one of China s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day.
Popular Searches
Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant. ....

Alex Capri , Tencent Wechat , Qilai Shen Bloomberg Getty , Ji Shaofeng , Martin Chorzempa , Julian Evans Pritchard , Ant Group Co , Credit Industry Research Association , People Bank , Ant Group , City University Of Hong Kong , While The Shanghai Stock Exchange , Jack Ma Ant Group , National University Of Singapore , Peterson Institute For International Economics , Hinrich Foundation , Getty Images , Wechat Pay , China Retail Trade Fair , Getty Images Tencent , Doug Fuller , City University , Hong Kong , China Small , Micro Credit Industry Research Association , Caixin Global ,

Why We Want Tech Copycats to Fail

Why We Want Tech Copycats to Fail
Big Tech likes to copy the hot new thing. But that’s not always good for the rest of us.
Credit.Alvaro Dominguez
One of the things I obsess about is whether our current state of technology is immutable.
Are Amazon, Facebook, Google, Apple and other tech giants invincible? Will they forever command a big chunk of our attention and money, shape how economies and labor markets operate and influence what people believe? Or is there room for others?
One way to explore these questions is to look at tech copycats. When we do, I see a glimmer of hope. ....

New York , United States , John Deere , Tencent Wechat , Elizabeth Ann , Lunar New , Big Tech , Adan Brooks , New York Times , Social Media , Computers And The Internet , Tech Industry , Tik Tok , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஜான் தீரே , எலிசபெத் ஆண்டு , சந்திர புதியது , பெரியது தொழில்நுட்பம் , டான் ஓடை , புதியது யார்க் முறை , சமூக மீடியா , கணினிகள் மற்றும் தி இணையதளம் , தொழில்நுட்பம் தொழில் , டிக் டோக் ,

Baidu's Stronger-Than-Expected Sales Forecast Validates AI Push

Baidu Inc. forecast sales that topped estimates as efforts by China’s internet search leader to diversify into the cloud and artificial intelligence businesses start to pay off. ....

Hong Kong , Robin Li , Alicia Yap , Bloomberg Baidu , Tencent Wechat , Bytedance Douyin , Alibaba Group Holding Ltd , Bytedance Ltd , Zhejiang Geely Holding Group , Bloomberg Baidu Inc , Joyy Inc , Qiyi Inc , Tencent Holdings Ltd , Bloomberg Pulling , Alibaba Group Holding , Bloomberg News , Bloomberg Intelligence , ஹாங் காங் , ராபின் லி , அலிசியா யாப் , ப்ளூம்பெர்க் பைடு , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , ஜெஜியாங் கீளி வைத்திருத்தல் குழு , ப்ளூம்பெர்க் பைடு இன்க் , மகிழ்ச்சி இன்க் , ப்ளூம்பெர்க் இழுக்கிறது ,

Baidu's Stronger-Than-Expected Outlook Validates AI Push

Baidu’s Stronger-Than-Expected Outlook Validates AI Push
Bloomberg
2/18/2021
Zheping Huang
(Bloomberg) Baidu Inc. forecast sales that topped estimates as efforts by China’s internet search leader to diversify into the cloud and artificial intelligence businesses start to pay off.
Revenue for the period ending in March will be 26 billion yuan ($4 billion) to 28.5 billion yuan, compared with the 25.9 billion yuan average estimate of analysts. Sales last quarter rose 4.8%, the fastest pace in 2020, fueled by a 52% increase in its non-advertising businesses like AI cloud.
© Bloomberg
Pulling out of Nosedive
Once one of China’s big three technology titans alongside Alibaba Group Holding Ltd. and Tencent Holdings Ltd., Baidu is playing catch up as the country’s internet users increasingly shift from desktop to mobile. With up-and-coming rivals like TikTok owner ByteDance Ltd. taking a larger share of China’s online adve ....

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In China, AI and cloud boost Baidu revenues by 52%

Its non-advertising revenues, from areas such as AI and cloud, rocketed 52%.
Sales overall rose by a respectable 4.8% in the last three months of 2020.
At a time when Twitter relies on ads for an uneasy 89.6% of its revenues and Facebook for an unfathomable 97.9% of its, you can bet other companies will now be sitting up and taking note.
No bye-bye for Baidu
Baidu now bounces back nicely from a 6.5% drop in its revenues in the first quarter 2020, when advertisers jumped ship from China s online search giant.
Advertisers instead preferred to place adverts in nimbler, mobile-based content feeds, like ByteDance s Douyin and Tencent s Kuaishou. (Douyin is TikTok s name in mainland China.) ....

Hong Kong , Robin Li , Xia Yiping , Tencent Kuaishou , Tencent Wechat , Steven Mnuchin , Bytedance Douyin , Exchange Commission , Zhejiang Geely Holding Group , China Joyy Inc , Wechat Like Baidu , Chinese New Year , Fiat Chrysler , Chinese Internet , Ai Automation , ஹாங் காங் , ராபின் லி , பரிமாற்றம் தரகு , ஜெஜியாங் கீளி வைத்திருத்தல் குழு , சீனா மகிழ்ச்சி இன்க் , வெச்சாட் போன்ற பைடு , சீன புதியது ஆண்டு , ஃபியட் கிறைஸ்லர் , சீன இணையதளம் , ஐ ஆட்டோமேஷன் ,