Bridgewater reduced its shareholding in Google, NVIDIA, Meta, among others, bought a lot of Gold, entered JD.com, and increased shareholding in Alibaba and Baidu.
In the first quarter, Bridgewater initiated new purchases of Gold ETFs exceeding 0.3 billion USD, JD.com over 0.1 billion USD, Chubb Insurance, Goldman Sachs, and others. Increased holdings in Alibaba, Baidu, Booking Holdings, etc. Fully liquidated ON Semiconductor, Moderna, Lyft Inc, Chewy, and others. Reduced holdings in SPDR S&P 500 ETF and also decreased positions in Google parent company Alphabet, NVIDIA, AppLovin, Meta Platforms, and others.
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In Q1, TENCENT's revenue increased by 13% year-on-year, while Net income fell by 7%. AI-driven honor of kings and other games set new records for revenue | Earnings Reports insights.
In the first quarter, Tencent's revenue was 180.022 billion yuan, a year-on-year increase of 13%, with adjusted Net income increasing by 11% year-on-year. AI capabilities have positively contributed to performance advertising, evergreen games, and other Business, with record-high revenue from "Honor of Kings" and "Crossfire Mobile". The company has increased investment in "Yuanbao applications" and AI within WeChat.
China's autonomous driving is accelerating overseas! Baidu's "Luobo Kuai Pao" targets Japan and Swiss Franc.
① According to exclusive information from informed sources, Baidu's autonomous driving mobility service "Luo Bo Kuai Pao" intends to enter the Japanese market. Additionally, Switzerland and Turkey are also on the overseas planning list. ② Several autonomous driving companies, including Pony.ai and WeRide, are also expanding into overseas markets, mainly focusing on exploration in Europe, the Middle East, and Asia.
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