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Baidu stock makes a flat HKSE debut; Britain's awkward balancing act

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March 24 · Issue #370 · View online
Asia AI News
Good morning!
Here’s your mid-week edition Asia AI News!
Lots of news from the past few days below, including reports on Baidu’s Hong Kong Stock Exchange Listing this week. Was it Baidu’s divergence into artificial intelligence or were investors wary of China’s crackdown on big Internet firms? Either way, Baidu’s stock’s debut in Hong Kong was rather ‘flat’, opening only slightly above the list price.
Scroll down for this and more, including Britain’s awkward balancing act alongside the US-China AI race; South Korea’s plans to raise 400 billon won for its tech innovation fund; Beijing E-Town’s latest incentives for tech ventures; and much more!
Stay safe!
/Carrington

Baidu's Hong Kong Listing
Baidu becomes first technology giant to make a flat debut in Hong Kong stock market this year as investors spurn the pivot by China’s dominant search engine towards AI Baidu becomes first technology giant to make a flat debut in Hong Kong stock market this year as investors spurn the pivot by China’s dominant search engine towards AI
Baidu shares flat on its Hong Kong 'homecoming'
Funding
South Korea to raise 400 billion won for tech innovation fund
Jack Ma
Why did Alibaba's Jack Ma disappear for three months?
Autonomous Vehicles
Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
China's EV startup Xpeng is demonstrating its autonomous driving capabilities with a 7-day, 3,000 km road trip through China
Healthcare
AI designed to distinguish between types of pastries identifies cancer cells with 99% accuracy
Robotics
Fanuc plans biggest investment in China to expand robot plant
Hyundai and Woowa Brothers partner for delivery robots
Education
China’s Ministry of Education unveils five-year AI training program for universities
Aurora Mobile partners with Koolearn to empower AI-driven marketing and enhance e-learning for an online education platform
China Tech Strategy
China's big tech plan has echoes of Japan
Beijing’s E-Town rolls out favorable policies to boost high-tech development
Smart Cities
NUS, Johnson Controls unveil S$5M smart building research
Geopolitics
Britain's awkward balancing act in the China-US battle for AI supremacy Britain's awkward balancing act in the China-US battle for AI supremacy
Biden administration sanctions two Chinese officials, citing human rights abuses against Uyghurs
Tense China-U.S. talks heighten need for improved crisis management: Chinese adviser
Singapore and UAE reaffirm bilateral ties, seek greater tech collaboration
Read Friday’s Asia AI News
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About Carrington Malin
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