Expenditures on artificial intelligence helped to give Chinese tech companies a boost in the first quarter despite economic headwinds. “Excellent on this [first quarter] Brian Tycangco, an analyst at Stansberry Research, said earlier this month that Baidu said on Wednesday that Baidu had grown 42% in its AI cloud business. Importantly, the cloud is the basis for a return to difficult growth days after involving single-digit topline growth over several years. “Alibaba, Tencent and JD.com also reported double-digit growth in marketing revenue. [are] Morgan Stanley’s chief China equity strategist Laura Wang said in a memo on May 20th, “A further traction as a leader in the stock market. In Hong Kong, the expected rise on May 19 is Gushengtang Alibaba’s Taobao and Tmall e-commerce platforms Morgan Stanley analysts prefer Baidu, Meituan, Mait.com. 68% mentioned AI from 43% in the first half of 2024. Information Technology Sector has increased 24.7% from a year ago due to AI penetration. Revenue growth is comparable to ChatGPT, which opened in late January. Government support believes that such structural improvements are less susceptible to ongoing tariffs and macro challenges. Listed Chinese stocks are only 3% of US revenue, generating a majority of their revenue domestically.
