BYD Co Ltd (1211.HK)

China's BYD Co has recently presented a proposition to invest US$1bn in India, aiming to establish manufacturing facilities for electric vehicles and batteries. According to Reuters, BYD Co plans to collaborate with a local company in India for this venture. BYD Co, in conjunction with the privately held Hyderabad-based Megha Engineering and Infrastructures, has reportedly submitted a proposal to Indian regulators for the formation of an electric vehicle (EV) joint venture.

The strategic vision involves the establishment of a comprehensive range of BYD-branded electric vehicles (EVs) in India, spanning from hatchbacks to luxury models. BYD, recognized as the world's leading manufacturer of EVs and plugin hybrid vehicles, did not provide an immediate response to the request for comment.

Alibaba Group Holding Ltd (9988.HK)

The online demand from overseas markets for products made in China surged 33% YoY in 1H23, as shown by data from Alibaba.com, where its business-to-business platform helps facilitate foreign trade.

Alibaba.com said that more than 90% of industries which cover products such as bathtubs, new energy vehicles and camping carts all witnessed their exports surge dramatically in the January-June period. China-made products have gained popularity in 91% of overseas markets, including Southeast Asia, Europe and the Americas.

Baidu Inc-Class A (9888.Hk)

Baidu has launched an AI social product called SynClub in Hong Kong and Japan, among other places. This product incorporates Baidu’s latest AI technology, allowing users to connect with AI characters and interact with them. The AI friends within SynClub will enrich users’ chat experiences by providing a wealth of information and offering entertaining and supportive companionship.

Users can engage in conversations with their AI friends on topics related to personal lives and private feelings, including things they may have never shared with others before. Over time, the AI friend in SynClub learns users’ habits, preferences, and unique characteristics, becoming someone who truly understands them.

Meituan-Class B (3690.HK)

Meituan, China’s largest food delivery platform, now supports users to film and upload short-form videos within its flagship app, the latest move to enrich its short video content offering amid a revamp of its presence in the field.

The Beijing-based company first began testing of short video capabilities in 2021 and started conducting livestreams to sell goods with discounts earlier this year.

The moves were an effort to counterbalance TikTok sibling Douyin’s entrance into the on-demand local services sector. Content creators are able to edit videos, add music, and apply filters or special effects without leaving the platform.

Tencent Holdings Ltd (700.HK)

Tencent Holdings, the world’s largest video games publisher by revenue, is bringing popular shooting game Valorant developed by subsidiary Riot Games to mainland China, three years after its global debut as it seeks to bolster its domestic market position.

Riot Games, which became a subsidiary of Tencent in 2011, is also the developer of League of Legends, a game which underpinned Tencent’s rise as a global gaming power. Tencent said Valorant is its “most important game published this year”.

“For a long time, the industry thought growth in the PC game market was slowing down, but the emergence of Valorant made us believe that PC games still have strong growth potential,” Steven Ma Xiaoyi, a senior vice-president at Tencent, said in a press conference held in Shanghai in late June.

Source: Rakuten Research - 18 Jul 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo