And it’s boosted the stock, too. Shares in Baidu (ticker: BIDU) surged 4% in the U.S. premarket Tuesday, outpacing a 0.6% fall in futures tracking the technology-heavy
ជារឿយៗត្រូវបានគេសាទរថាជាចម្លើយរបស់ចិនចំពោះ Google នំបុ័ង និងប៊ឺរបស់ Baidu គឺជាអាជីវកម្មផ្សាយពាណិជ្ជកម្មស្វែងរកតាមអ៊ីនធឺណិត ដែលបានប្រឈមមុខនឹងបញ្ហាម៉ាក្រូសេដ្ឋកិច្ចដ៏លំបាកក្នុងប៉ុន្មានខែថ្មីៗនេះ ស្រដៀងទៅនឹងអ្វីដែលប្រឈមមុខដោយ e-commerce peer
ក្រុមហ៊ុន Alibaba
(BABA). Fourth-quarter earnings released Tuesday show that Baidu’s efforts to push into high-growth areas helped to offset a marked slowdown in the core business.
“Baidu concluded a solid 2021, evidenced by a strong growth in our non-advertising business, particularly the acceleration of Baidu AI Cloud,” said co-founder and CEO Robin Li in a statement.
Baidu reported net income of $269 million for the final three months of last year on sales of $5.2 billion. Profit fell slightly short of the $279 million expected by analysts surveyed by FactSet, with revenue beating estimates of $5.1 billion.
The profit figure marks a stark, two-thirds fall from the same period a year ago, when earnings were $794 million—but that was expected by market participants. Baidu, like others in Chinese tech, faces short-term growth headwinds, higher costs, and increased investment amid a shifting regulatory landscape in China. This includes increased competition from rivals including
ក្រុមហ៊ុន Tencent
(0700.H.K.).
A macroeconomic slowdown in China has seen a fall in consumer spending in the country, which has hit businesses big and small, curtailing some discretionary costs like advertising. Baidu’s $3 billion in online marketing sales rose just 1% from last year. The source of the company’s revenue beat lies elsewhere.
Non-online market revenue of $1.1 billion surged 63% from a year ago, giving the company the sales strength to outpace analysts’ expectations. Growth came from Baidu’s major pushes into cloud computing and artificial intelligence, including self-driving vehicles and related infrastructure.
The company said its smart transportation software had been adopted by 35 cities, up from 14 a year ago, based on the number of significant contracts it had signed. Rides given by its
អាប៉ូឡូ
Go autonomous ride-hailing group almost doubled to 213,300 in the fourth quarter—a time when it also began charging fees for the service on open roads.
Nevertheless, the stock faces an uncertain path ahead. Shares in Baidu fell 31% in 2021 and are down some 55% from their peak around a year ago. The Chinese tech sector was battered by a regulatory crackdown from Beijing, which came as President Xi Jinping sought to tighten his grip over the world’s second-largest economy.
But analysts are upbeat, and many believe the worst is over from regulators. Brokers overwhelmingly rate Baidu at Buy, with a price target on the stock of $225 implying almost 50% upside, which would return the shares to a level close to their peak.
សរសេរទៅ Jack Denton នៅ [អ៊ីមែលការពារ]