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Baidu And AI: History, Investments, And Regulation

So far, 2023 has been a good year for many Chinese stocks listed on U.S. exchanges. Baidu, Inc. (NASDAQ:BIDU), after suffering from China’s regulatory crackdown on tech companies, has made a strong comeback this year with its stock rising 19% YTD aided by the regulatory improvements and the reopening of the Chinese economy. Baidu’s better market performance compared to Alibaba Group Holding Limited (BABA) this year largely comes down to the company's progress with its generative AI efforts. Baidu and many of its peers have looked like a million dollars in the last two years from a valuation perspective, but Mr.

seekingalpha.com     Jun 29, 2023