23 Oct 2024 CMB International Global Markets | Equity Research | Company Update Baidu (BIDU US) Awaiting recovery of ads revenue growth We expect Baidu Core business to deliver broadly inline-with-consensus revenue, and slightly better-than-consensus non-GAAP operating profit for 3Q24E. Although proactive business adjustments to embed more GenAI-related results in search results weigh on short-term monetization, we view the adjustments as vital for Baidu's long-term business development and monetization imp ...

Investors are less confident over whether stimulus can lift the Chinese economy out of its slump. Chinese stocks pulled back this week as investors questioned how much stimulus the Chinese government would implement. Doubt has also started to creep in about the direction of inflation and how much the Federal Reserve will cut interest rates in the U.S. Shares of the search engine giant and artificial intelligence company Baidu (BIDU -3.32%) declined more than 11% this week, as of late Thursday afternoon. Sha ...

These two tech giants are well-positioned to grow in the coming years. Investors have largely ignored Chinese companies in recent years amid challenges such as the tech crackdown by the Chinese government, and its deteriorating relationship with the U.S. Lately, however, the vast stimulus package announced by the Chinese government has brought Chinese companies back on investors' radar. In particular, investors have started paying more attention to wellestablished tech companies like Alibaba (BABA 1.58%) an ...

Investors are still trying to figure out how much stimulus the Chinese government might inject into the economy. Chinese stocks are struggling to find direction today as investors try to decipher comments from a government press conference over the weekend regarding the degrees of stimulus the Chinese government might implement. Chinese stocks were on a rip-roaring run over the last month until the rally fizzled last week. Shares of the search engine giant and artificial intelligence company Baidu (BIDU -4. ...

The latest trading session saw Baidu Inc. (BIDU) ending at $104.07, denoting a +0.01% adjustment from its last day's close. This change outpaced the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.05%.Heading into today, shares of the web search company had gained 23.95% over the past month, outpacing the Computer and Technology sector's gain of 9.62% and the S&P 500's gain of 5.94% in that time.The investment community will be closely monitoring th ...

In Brief Baidu, the Google of China, will roll out its driverless ride-hailing service overseas as it seeks to compete with the dearth of autonomous vehicle companies at home. The Beijing-based company seeks to deploy its Apollo Go robotaxi service in Hong Kong, Singapore, and the Middle East, sources familiar with the matter told The Wall Street Journal. Baidu confirmed its expansion outside of China, but wouldn’t comment on which markets. Chinese AV companies have dealt with roadblocks domestically – they ...

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BEIJING — Chinese tech company Baidu's robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the "near future," according to a source familiar with the matter.No details on timing or regions were available.Baidu is one of the major operators of robotaxis in China. Regulators in parts of Beijing and cities such as Wuhan — Apollo Go's largest operating regio ...

Baidu is reportedly preparing to launch its autonomous taxi service, Apollo Go, outside of China. According to informed sources, the company is in talks with foreign automakers, ride-hailing platforms, and other tech companies to deploy Apollo Go through local partners. The specifics regarding the timing and locations for these overseas joint ventures have not been finalized yet. ...

BEIJING, Oct. 8, 2024 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced certain management rotation. Mr. Rong Luo will be serving as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), and no longer serve as Chief Financial Officer, effective immediately. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer of ...

My last article about Baidu, Inc. (NASDAQ: BIDU ) was published about seven months ago on February 29, 2024, and similar to my other articles about Baidu I have written in the last few years, I was bullish once again. And since myMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalizat ...