The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.
Shares of Baidu in Hong Kong fell about 7% on Monday after CEO Robin Li was not seen at a meeting between China's President Xi Jinping and top corporate executives, Reuters reported. Shares fell as much as 8.
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That’s not just happening in the West, as Chinese tech firm Baidu, which took an early lead in its country’s AI race, now faces a more competitive landscape. “Innovation can’t be planned,” said Baidu CEO Robin Li during a fireside chat with H.
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
Tencent (TCTZF) stock rallied to a three-year high as news of it carrying out testing with DeepSeek fueled optimism among investors, while
The Beijing-based internet company said Tuesday that fourth-quarter revenue fell 2.4%, better than analysts’ estimates.
Baidu [HKG: 9888] ended 2.1 percent lower at HKD88.35 (USD11.36) a share in Hong Kong today, after its New York-listed stock [NASDAQ: BIDU] shed 7.5 percent yesterday to end at USD90.16.
The broader rally in Chinese tech stocks highlights how DeepSeek's cost-efficient model could spur developments in China's AI sector.
The Beijing-based company stated that it would offer its Ernie AI chatbot at no cost to both desktop and mobile users.
The DeepSeek revolution is rippling through China’s tech sector, as hundreds of companies adopt the buzzy AI model in their own products.
Baidu Share Slide Wipes $2.4 Billion off Market Value Amid Speculation Over Xi Meeting HONG KONG (Reuters) - The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market ...
HONG KONG (Reuters) - The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare ...
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