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Kuaishou & Baidu Rise On AI Momentum, Week in Review - China Last Night
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Kuaishou & Baidu Rise On AI Momentum, Week in Review - China Last Night
Week in Review Asian equities were mostly higher for the week as Korea and Mainland China’s STAR Market outperformed, while Australia and Indonesia underperformed. Hardware technology and internet stocks both rose this week, as the AI trade in China appears to be broadening out beyond just the “picks & shovels”, i.e. chips. Automakers released April new energy vehicle (NEV) sales on Monday, which revealed Xiaomi saw the largest rise in sales, u…
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