Baidu, the largest search engine and Internet company in China, announced the launch of a new fund to invest in startups., working in the field of artificial intelligence and natural language processing. The fund was named Baidu AI Ventures and will be managed by a division of Baidu Ventures..
Alibaba stock rises 10% to the news about, that the world's largest e-commerce player will split into six separate companies.
Baidu – one of the largest technology companies in China and the world, which develops a search engine, artificial intelligence, cloud services, robotics and electric vehicles. IN 2023 the company plans to launch several ambitious projects, that may affect its financial performance and reputation in the market. In this article we will talk about the most significant events, who expect Baidu in the new year.
Alibaba founder and one of the richest Chinese billionaires Jack Ma (condition, according to Forbes Real-Time, $23 billion) ceased to be the head of one of the most influential business associations in China, told the Financial Times.
The Bank of England will decide today to raise its base interest rate by 0.75%*. The yuan against the dollar* updated the minimum since 22 January 2008 of the year. Courses: ? Bitcoin – $20 710 (↑1,12%) ? S&P 500 – 3 876 (↑0,53%) ?? USD/RUB – 60,60 (↓1,86%) ?? USD/UAH – 36,88 (↑0,00%) ? Gold – $1 667 (↑0,99%) ⚫️ Oil Brent – $94,59 (↑0,49%) ⚡️ The Fed has raised rates on 75 b. P. The US regulator raised the key rate on 75 basis points, up to 3.75–4%. This is the fourth consecutive increase in 0,75 p.p.. The current rate level is the highest since December 2007 of the year. This is the expected solution., he was expected 87,5% investors, according to CME FedWatch Tool. At the same time, many are waiting for signals from Fed Chairman Jerome Powell about a slowdown in rate hikes.. 45% investors are counting, that at the next meeting the indicator will be raised by 0,5 P. P. (49,2% sure, that the next step will also be 0,75 P. P.). The Fed will hold its last meeting of the year 14 December.
VKVKCO407.00 VK Company owns shares in joint ventures, and the results of these businesses also affect the performance of the company. Share in "AliExpress Russia" — 15%. The joint venture was established in 2019.
AlibabaBABA93.24 $Buy Alibaba998894.40 HKD Chinese Retail Situation For the first time ever, Alibaba's quarterly revenue remained flat at 206 billion yuan (31 billion dollars). All because of problems in Chinese retail.
Moscow ExchangeMOEX82.99 RBuy SPB ExchangeSPBE1,46 $ What are the results of the Moscow Exchange Trading volume. As reported by the exchange, in July, the total trading volume in all markets amounted to 75.7 trillion rubles. That's up 3%, than in June.
Second place in the world in terms of GDP According to the International Monetary Fund (IMF), China is the second economy in the world: its annual GDP is $13.4 trillion. In the first place is the United States - GDP of 20.49 trillion dollars, and on the third Japan - GDP of 4.97 trillion dollars.
HKEX: 700 Tencent Dividend Yield: 0,49% per annum, 1,6 HK$ per share per year. Tencent Holdings700334.00 HKD Holding, consisting of high-tech businesses. The company invests in social networks, games and online advertising.