Latest news with #Tencent
Yahoo
7 hours ago
- Business
- Yahoo
Chinese Investors Dump Tech Stocks in June
Tencent (TCEHY), Alibaba (NYSE:BABA) and Xiaomi (XIACF) absorbed a hefty HKD 46.4 billion ($5.9 billion) sell-off in June, marking a second straight month of net outflows via Hong Kong's Stock Connect links as mainland investors stepped back. Warning! GuruFocus has detected 7 Warning Sign with MU. Shares of these bellwether tech names have been slipping since early AprilAlibaba off 12% from its April 2 highdriven by profit-taking and a dearth of fresh growth catalysts, according to Union Bancaire Privee. For Tencent, the slide underscores mounting pressure to spark expansion beyond gaming and ad sales, while Alibaba grapples with cloud spin-off chatter and concerns about overheated data center buildouts. Xiaomi's marathon sell-down comes despite the buzz around its first electric vehicle debut, highlighting that new product launches alone may not insulate it from volatility if sales miss the mark. A large earlier share placement this year added to the strain, even as mainland money still poured into Hong Kong equities overallabout HKD 714 billion ($90 billion) year-to-date, lifting the market 21% in H1. This juxtapositionrobust broad inflows alongside concentrated profit-taking in top tech stocksspeaks to a selective rethink among investors rather than a wholesale retreat. With H2 earnings season on the horizon, markets will test whether these companies can reignite momentum or if the shift marks a longer-term rotation away from China's mega-cap names. This article first appeared on GuruFocus.
Mint
12 hours ago
- Business
- Mint
Baidu responds to Sora and other rivals with MuseSteamer and AI-enhanced search features
Chinese tech firm Baidu has unveiled a new artificial intelligence-powered video generation tool, MuseSteamer, alongside a significant update to its core search engine, as the company attempts to maintain relevance in an increasingly crowded AI landscape. The newly launched MuseSteamer model enables users to create short video clips, up to ten seconds in length, from still images. It comes in three variants: Turbo, Pro and Lite, each tailored to different levels of performance and processing capacity. However, unlike competitors offering consumer-facing tools, Baidu's model is currently restricted to business use, with no immediate plans for a public-facing version. The release comes as global and Chinese firms alike continue to shift focus from conversational AI towards more complex media-generation models. In China, Baidu joins a growing list of companies including ByteDance, Tencent and Alibaba that have introduced their own AI-driven video tools. In addition to the video generator, Baidu has overhauled its search engine interface. The updated platform now allows longer and more complex search inputs and integrates voice and image-based queries. The search results are curated using Baidu's proprietary AI technology to deliver more refined content. The company has been under mounting pressure from domestic rivals, with ByteDance's Doubao and Tencent's Yuanbao AI chatbots gaining ground in popularity. Baidu's latest moves suggest a strategic pivot aimed at addressing both technological shifts and competitive threats within China's rapidly evolving AI sector. Earlier in March this year, Baidu has announced the release of two new artificial intelligence (AI) models. The Chinese technology giant introduced Ernie 4.5, a foundation model that builds upon its predecessor, and Ernie X1, a reasoning-focused AI designed for deep thinking. Notably, Baidu has also made its AI-powered chatbot, Ernie Bot, free for users, eliminating any premium charges. In its official statement, Baidu confirmed that Ernie 4.5 became accessible via the chatbot platform. (With inputs from Reuters)
Reuters
15 hours ago
- Business
- Reuters
Baidu launches AI video generator, overhauls search features
BEIJING, July 2 (Reuters) - China's Baidu ( opens new tab on Wednesday launched an AI-driven video generator for businesses as well as a major upgrade to its search engine. The image-to-video model, called MuseSteamer, is capable of generating videos up to 10 seconds long and comes in three versions - Turbo, Pro and Lite. Over the past year, artificial intelligence heavyweights like OpenAI and big global tech companies have been expanding beyond chatbots to text-to-video or image-to-video generators. In China, ByteDance, Tencent ( opens new tab and Alibaba ( opens new tab have also launched models. While many rival products, including OpenAI's Sora, target consumers with subscription plans, Baidu's MuseSteamer is aimed only at business users and a consumer app is not yet available. The search engine overhaul includes a redesigned search box that accepts longer queries and supports voice and image-based searches. The platform also displays more targeted content using Baidu's AI technology. Baidu has faced increasing pressure as AI-based chatbots such as ByteDance's Doubao and Tencent's Yuanbao become more popular. (This story has been refiled to correct the spelling of MuseSteamer in paragraph 4)
Yahoo
16 hours ago
- Business
- Yahoo
Baidu launches AI video generator, overhauls search features
(Corrects spelling of MuseSteamer in paragraph 4) BEIJING (Reuters) -China's Baidu on Wednesday launched an AI-driven video generator for businesses as well as a major upgrade to its search engine. The image-to-video model, called MuseSteamer, is capable of generating videos up to 10 seconds long and comes in three versions - Turbo, Pro and Lite. Over the past year, artificial intelligence heavyweights like OpenAI and big global tech companies have been expanding beyond chatbots to text-to-video or image-to-video generators. In China, ByteDance, Tencent and Alibaba have also launched models. While many rival products, including OpenAI's Sora, target consumers with subscription plans, Baidu's MuseSteamer is aimed only at business users and a consumer app is not yet available. The search engine overhaul includes a redesigned search box that accepts longer queries and supports voice and image-based searches. The platform also displays more targeted content using Baidu's AI technology. Baidu has faced increasing pressure as AI-based chatbots such as ByteDance's Doubao and Tencent's Yuanbao become more popular.
Bloomberg
19 hours ago
- Business
- Bloomberg
Chinese Investors Dump Tencent, Xiaomi Shares as Rally Fizzles
Chinese investors ditched some of the biggest tech stocks in Hong Kong last month, testing the resilience of their market-beating rally this year. Mainland investors offloaded a combined HK$46.4 billion ($5.9 billion) worth of Tencent Holdings Ltd., Xiaomi Corp. and Alibaba Group Holding Ltd. shares through the trading links with the financial hub in June, according to Bloomberg calculations based on exchange data. They were also net sellers of the three stocks in May.
