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Even BlackRock’s quant arm, San Francisco-based Systematic Active Equities, uses its machines to read almost 1m online posts a day in China, which it says can offer valuable indicators on what the herd of retail investors are planning to do.
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Even China’s tech giants are getting involved. In December, search company Baidu partnered with E Fund Management, an asset manager, to create E Fund Yibai Intelligent Quantitative Strategy fund, which uses searches, news articles, social media and “Baidu’s data-processing ability” to trade.
https://www.ft.com/content/4f66968a-91bc-11e8-bb8f-a6a2f7bca546
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