Alibaba Group Holding Ltd (9988.HK)

Tech heavyweight Alibaba Group Holding Ltd unveiled its artificial intelligence (AI)-powered large language model – Tongyi Qianwen – which it plans to integrate into all of its applicable businesses, joining the chatbot race to offer a potential rival to ChatGPT. Alibaba Cloud, the cloud computing unit of Alibaba, will offer more enterprises access to Tongyi Qianwen so they can build their own customised large language models.

“We are at a technological watershed moment driven by generative AI and cloud computing. Businesses across all sectors have started to embrace intelligent transformation to stay ahead of the game,” said Zhang Yong, chairman and CEO of Alibaba Group and CEO of Alibaba Cloud Intelligence.

Bank Of China Ltd (3988.HK)

Bank of China (BOC) has supported a number of Belt and Road Initiative (BRI) projects in the areas of health, green development, digitalization and innovation. As of the end of last year, the bank had followed up on more than 900 corporate credit granting projects in BRI-involved countries and regions, with total credit exceeding US$269bn.

"With the aim of achieving sustainability and benefiting the people, BOC will stick to high standards during the implementation of the BRI and further consolidate the foundation of cooperation in the countries and regions involved in the BRI,” said Zhang Xiaodong, executive vice-president of the bank.

BYD Co Ltd (1211.HK)

China-made brands now lead in critical segments powered by new electric-drive models gaining share at home and overseas, Reuters reports.

BYD Co Ltd's sales in China grew by 69% in 2023, winning an 11% share of the overall car market, more than Volkswagen AG or Toyota Motor Corp.

BYD's Song plug-in hybrid SUV outsold the Nissan Sylphy, China's top-selling vehicle, for three years. BYD's Dolphin EV was ahead of the Volkswagen Passat.

Haier Smart Home Co Ltd. (6690.HK)

Haier, the number one brand globally in major appliances, has become the Official Home Appliances Partner and Gold Partner of the ATP Tour. This partnership will provide a premium platform for Haier to promote its latest innovations and sustainability focus to tennis fans - a community numbering more than 1bn globally. This aligns with Haier’s Zero Distance strategy, which aims to bring the brand closer to audiences attracted to outstanding performance, tailor-made, smart and ecosystem experiences.

This marks the latest major sponsorship for Haier, following a recently announced deal with Roland-Garros, in partnership with the French Tennis Federation (FFT). It directly supports the company’s global growth strategy, building on its position as the first consumer choice for smart solutions.

Xiaomi Corp (1810.HK)

Xiaomi has revealed more Xiaomi 13 Ultra features ahead of the device's release alongside the Smart Band 8 and Pad 6 series. Reputedly, the Xiaomi 13 Ultra will arrive on 18th April 2023 with the world's brightest smartphone display, among other display innovations. Xiaomi has now showcased the Xiaomi 13 Ultra from all sides too.

Subsequently, Xiaomi has confirmed that its next Ultra smartphone will showcase Surge P2 and G1 chips. According to the company, these will work in tandem with an emergency long battery life mode to deliver up to 1 hour of battery life with 1% charge remaining or 12 minutes of talk time. Additionally, Xiaomi has shared new details about the Xiaomi 13 Ultra's display and a picture showcasing the device from the front for the first time.

Source: Rakuten Research - 19 Apr 2023

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