In today’s briefing:
- Baidu Inc.: Are Its Investments In Gen AI and LLM Paying Off? – Major Drivers
- Shanghai Zhida Technology Development Pre-IPO Tearsheet
- NetEase Inc.: How The Company Has Built A Robust Gaming Ecosystem! – Major Drivers
Baidu Inc.: Are Its Investments In Gen AI and LLM Paying Off? – Major Drivers
- The recent earnings of Baidu indicated solid performance for the fiscal year 2023.
- An extremely neutral analysis reveals several positives.
- The total revenue for Baidu Core’s total revenue for the year increased by 8% year-over-year, indicating strong financial resilience.
Shanghai Zhida Technology Development Pre-IPO Tearsheet
- Shanghai Zhida Technology Development Co Ltd (SZTD HK) is looking to raise about US$130m in its upcoming Hong Kong IPO. Shenwan Hongyuan is the sole bookrunner.
- Shanghai Zhida Technology Development (SZTD) is a provider of electric vehicle (EV) home charging solutions.
- As per F&S, the firm was the world’s largest provider of EV home charging solutions in terms of sales volume of home EV chargers over its track record period.
NetEase Inc.: How The Company Has Built A Robust Gaming Ecosystem! – Major Drivers
- The NetEase Q4 earnings revealed several strengths and weaknesses in the company.
- On the positives, NetEase reported a 7% increase in total net revenue for 2023 to RMB 103.5 billion (USD 14.6 billion), driven by momentum across its businesses.
- The revenue growth was attributed mainly to increased revenue contribution from the launch of new games such as Justice Mobile, and sustainably developed titles like Egg Party.
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