Alibaba Group Holding Ltd (9988.HK)
Alibaba Group Holding’s main e-commerce unit is now beta testing artificial intelligence (AI) tools and functions for merchants on its Chinese online shopping sites, marking the first major move at the enterprise since a leadership reshuffle in December. The Taobao and Tmall Group (TTG) unveiled the new AI features, which are designed to improve services and attract new customers, at its “sellers’ conference” in Hangzhou, eastern Zhejiang province and home base of South China Morning Post owner Alibaba.
TTG said AI models would be employed to transform Dianxiaomi, a customer service chatbot, to enhance seller-consumer interaction. That will include tasks such as pre- and post-sales service, data analysis and other online sales activities.
BYD Co Ltd-H (1211.HK)
The world’s top seller of electric vehicles, BYD has started buying ocean vessels to ship its electric cars around the world. Explorer No. 1, which is the name of BYD’s first vessel departed from Xiaomo International Logistics Port, after being delivered to Yantai Port in Shandong Province on January 10. With an exceptional loading capacity of 7,000 vehicles, the Explorer No.1 is equipped with an innovative dual-fuel LNG (liquefied natural gas) and conventional fuel propulsion system. Over the next two years, seven more vessels are expected to join the fleet.
Aside from being the world’s top seller of full electric vehicles (BEVs) in the 4Q24, BYD also indicates that it’s the world’s top seller of power batteries. It is not surprising to find out the company is looking for another way to put these into another climate-friendly solution, and potentially open up another market for itself in the giant ship industry.
CSPC Pharmaceutical Group Lt (1093.HK)
The U.S. Food and Drug Administration has approved the investigational new drug application by CSPC Pharmaceutical Group to carry out clinical trials for its anti-tumor drug JMT106 in the U.S.
The Product is a bispecific fusion protein drug that targets GPC3 and interferon receptors, killing tumor cells through GPC3-targeted antibodies and simultaneously activating the immune regulation of the tumor microenvironment mediated by interferon receptors. GPC3 is specifically and highly expressed in various solid tumors such as hepatocellular carcinoma, squamous cell carcinoma of the lung and ovarian cancer.
Galaxy Entertainment Group (27.HK)
Galaxy Entertainment Group Ltd (GEG) is revamping the main casino floors at its flagship Galaxy Macau resort on Cotai, which should boost gaming business irrespective of a fourth-quarter loss of market share in gross gaming revenue (GGR). The casino operator – one of six in the Macau market – was positioned to “regain” its GGR share amid ongoing “expansion and renovation” work on its Galaxy Macau gaming floors.
The Galaxy Macau mass gaming area revamp is scheduled for completion before the next Chinese New Year holidays, which is usually a peak trading period for Macau casinos. On the other hand, Galaxy Entertainment’s management as confirming that “twothirds” of its nearly HK$28.5bn (US$3.64bn) investment commitment under the current 10-year concession would be in the form of operating expenses, with the remaining one-third in capital expenses (capex).
Lenovo Group Ltd (992.HK)
In collaboration with Lenovo Foundation Beijing and Guangming Daily, and through its Work For Humankind China program, Lenovo has built an AI-enhanced science and technology museum to spark an interest in literacy and science education among primary school children in rural China.
Located in Heshi Town Central Primary School in Xiushui County, the science and technology museum is a longstanding dream of Shen Kuiyuan – a teacher in Jiangxi Province – who has long sought to bring technology and learning together to open opportunities for students and help close the divide between urban and rural communities.
Source: Rakuten Research - 17 Jan 2024
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