Invesco Golden Dragon China ETF

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Baidu announced a strategic partnership with Uber to launch its Apollo Go autonomous ride-hailing service in Dubai, expected within the coming month. This expansion aligns with Dubai's goal of having 25% autonomous transportation by 2030. Apollo Go has completed over 240 million autonomous kilometers globally. Baidu's stock shows mixed technical signals with neutral RSI but bearish MACD, trading 2.8% below its 20-day moving average but 11.7% above its 100-day moving average.

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Baidu's Q1 results showed strong performance in AI Cloud, with revenue growing 42% year-over-year. The analyst raised the full-year cloud growth outlook to 25% but lowered the FY25 core advertising revenue forecast due to uncertainty around monetization of generative AI search.

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NIO showcased a 39.3 km autonomous drive using its proprietary Nio World Model technology, marking a key milestone in its smart driving strategy. The company's steer-by-wire system also recently received regulatory approval in Europe.

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KE Holdings reported strong Q1 FY25 revenue growth of 42.4% Y/Y, beating estimates. However, the stock is down premarket, possibly due to a decline in gross margin.

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H World Group reported a 7.8% year-over-year increase in Q4 revenue, beating estimates. The company also approved a $300 million dividend and projected 6% revenue growth for 2025.

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