24 November 2025 | 2:24AM HKT Equity Research Baidu.com Inc. (BIDU): NDR takeaways: Key focus on AI powered business, advertising and unlocking asset value We hosted Baidu's Investor Relations team with investors on Nov 21, where investors' key focus and our takeaways were centered around: 1) AI powered business driver and margin; 2) Advertising revenue outlook and when it turns around; 3) Shareholder return and unlocking asset value. We summarize our key takeaways within the report. Maintain Buy on Baidu w ...