US-based Lyft (LYFT.O) unit Freenow and Baidu's (9888.HK) Apollo Go unveiled the Chinese company's RT6 autonomous vehicle in London on Thursday and said they hope to launch a driverless robotaxi service in the city in 2027.
The two companies began testing vehicles in London with safety drivers in the summer and hope to have fully driverless vehicles in the city next year, aiming for a commercial launch in 2027.
The partnership between San Francisco-based ride-hailing firm Lyft and China's Baidu in London comes as the US Senate is working to pass a permanent ban on Chinese cars in the United States, pushing more companies to focus on Europe.
Competition between robotaxi developers in London is heating up. UK self-driving vehicle startup Wayve and Lyft rival Uber (UBER.N) launched a robotaxi service in London in September, initially with a human safety driver behind the wheel.
US robotaxi company Waymo, a unit of Google parent Alphabet (GOOGL.O), aims to launch a fully driverless ride-hailing service in London by the end of this year.
LONDON STREETS OFFER CHALLENGING TEST
Freenow UK general manager Danny O'Gorman said London was a particularly good testing ground, with lots of speed bumps, narrow streets and many roads limited to 20 miles per hour.
"So the car is going through the phase of learning the rules of the road much like you would do if you're trying to pass your own driving test," O'Gorman told Reuters during a demonstration ride.
O'Gorman said the company was working closely with Transport for London and expected regulatory guidelines in the coming week. He recognised new technology "can sometimes be scary" but most Londoners were excited about the prospect
He said robotaxis were not trying to replace London's famous black cabs. The firm is talking about "tens of vehicles in the next year or two" as it tests the market.
"In terms of the taxi in London, the iconic black cab, this is not a replacement for that service," he said. "Black cabs are a fundamental part of London."
Proti společnosti Baidu (BIDU) byla podána hromadná žaloba kvůli tvrzením, že nadhodnotila schopnost umělé inteligence vyvážit prudký pokles v online marketingu.
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Baidu, Inc. (NASDAQ: BIDU) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Baidu securities between November 18, 2025 and August 17, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/baidu-inc-bidu-class_action_lawsuit.
Baidu Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Baidu overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; as a result, Baidu’s revenue was reasonably likely to decline; and as a result of the foregoing, Defendants’ positive statements about Baidu’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. What's Next for Baidu Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/baidu-inc-bidu-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Baidu you have until November 13, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Baidu Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Baidu Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
Na společnost Baidu (BIDU) byla podána hromadná žaloba kvůli údajným zavádějícím informacím o schopnosti jejího byznysu v oblasti AI kompenzovat pokles příjmů z online reklamy.
NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- SueWallSt alerts investors in Baidu, Inc. (NASDAQ: BIDU) that a securities class action has been filed on behalf of shareholders who purchased securities between November 18, 2025 and August 17, 2026. Find out if you might qualify for recovery. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
BIDU American Depositary Shares fell $13.25 per share, or 12.73%, to close at $90.87 on August 18, 2026, on unusually heavy volume. Measured from the Class Period high of $162.52 on January 22, 2026, the ADS lost more than $71 per share. Investors seeking appointment as lead plaintiff must file with the Court by November 13, 2026.
What Baidu's Filings Told Shareholders
Beginning with fourth quarter 2025 results, the Company redefined its reporting to present "Baidu General Business," divided among a Core AI-powered Business, a Legacy Business, and Others. The fourth quarter earnings press release further stated that the quarterly revenue attributed to those new categories, including the RMB 11.3 billion credited to the AI-powered Business, was "derived from the Company's internal management accounts and records, which have not been audited." The annual report presented this "AI-native view" as providing "greater visibility" into the AI portfolio.
Where the Disclosures Allegedly Fell Short
The headline metric used to reassure shareholders that AI revenue was offsetting legacy erosion came from unaudited internal management accounts, the complaint charges.The reclassification moved traditional Search and Feed advertising into a "Legacy Business" line that later fell 23% year over year to RMB 10.4 billion in the second quarter of 2026.Risk factor language cautioned only that failure to retain online marketing customers "could" seriously harm results, while marketing revenue had already fallen 17.6% year over year in the third quarter of 2025.AI Cloud Infra, Baidu’s largest AI component, subsequently declined 17% quarter over quarter, from RMB 8.8 billion to RMB 7.3 billion.Total revenue for fiscal year 2025 had already declined 3% year over year to RMB 129.1 billion, and total Online Marketing Services revenue fell 19% year over year in the second quarter of 2026. Why the Reclassification Allegedly Mattered to Investors
The complaint challenges the adequacy of disclosures that presented reorganized, unaudited segment data as proof of an AI-led turnaround while, plaintiffs allege, omitting that total revenue was reasonably likely to decline because AI growth was insufficient to absorb the legacy deterioration.
"Generic risk factor language cannot substitute for disclosing specific, known problems that are already affecting a company's operations. Here, the complaint alleges that unaudited internal segment figures were used to signal that AI revenue was offsetting an advertising decline that had already reached double digits." -- Joseph E. Levi, Esq.
Submit your information now or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the BIDU Lawsuit
Q: How much did BIDU stock drop? A: Shares fell approximately 12.73%, a decline of $13.25 per share, after the Company disclosed second quarter 2026 results showing its AI-powered business had declined 8% quarter over quarter while Legacy Business revenue fell 23% year over year. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.
Q: What specific misstatements does the BIDU lawsuit allege? A: The complaint alleges Baidu, Inc. made materially false or misleading statements regarding the ability of its AI-powered business to mitigate rapid declines in its legacy online marketing business during the Class Period. When second quarter 2026 results showing the AI-powered business itself contracting 8% quarter over quarter were disclosed, the stock price declined sharply.
Q: What court was the BIDU class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What documents do I need to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
Q: What if my BIDU losses are small, is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate as a class member.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004 [email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
Proti společnosti Baidu (BIDU) byla podána hromadná žaloba kvůli tvrzení, že nadhodnocovala schopnost svého podnikání v oblasti AI kompenzovat pokles příjmů z online marketingu.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Baidu, Inc. (NASDAQ: BIDU) between November 18, 2025 and August 17, 2026, inclusive (the “Class Period”), of the important November 13, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Baidu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Baidu class action, go to https://rosenlegal.com/cases/baidu-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Baidu had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; (2) as a result, Baidu’s revenue was reasonably likely to decline; and (3) as a result of the foregoing, defendants’ positive statements about Baidu’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Baidu class action, go to https://rosenlegal.com/cases/baidu-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Baidu To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Baidu between November 18, 2025 and August 17, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 17, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baidu, Inc. ("Baidu" or the "Company") (NASDAQ: BIDU) and reminds investors of the November 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; (2) that, as a result, the Company's revenue was reasonably likely to decline; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 18, 2026, before the market opened, the Company reported second quarter 2026 financial results, revealing that Baidu General Business revenue fell 4% year over year to RMB25.2 billion (or $3.71 billion), with Legacy Business revenue falling 23% year over year to RMB10.4 billion and total Online Marketing Services revenue falling 19% year over year to RMB13.1 billion. Critically, the Baidu Core AI-powered business fell 8% quarter over quarter to RMB12.5 billion (or $1.86 billion), its year-over-year growth having decelerated from 49% in the first quarter of 2026 to 25%, and its largest component, AI Cloud Infra, having fallen 17% quarter over quarter from RMB8.8 billion to RMB7.3 billion.
On this news, the price of Baidu ADS fell $13.25 per share, or 12.73%, to close at $90.87 on August 18, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Baidu's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Baidu class action, go to www.faruqilaw.com/BIDU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Baidu Securities Class Action Lawsuit:
What is the Baidu securities fraud lawsuit about?
The lawsuit alleges Baidu misled investors about its AI business's ability to offset declines in its legacy online marketing business and failed to adequately disclose the risk of declining revenue.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Baidu (NASDAQ: BIDU) securities between November 18, 2025 and August 17, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 13, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Baidu securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319367
Source: Faruqi & Faruqi LLP
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Baidu, Inc. (NASDAQ:BIDU – Get Free Report)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $82.83 and last traded at $83.74, with a volume of 1,851,294 shares. The stock had previously closed at $84.30.
Key Headlines Impacting Baidu Here are the key news stories impacting Baidu this week:
Positive Sentiment: Baidu’s AI cloud revenue is reportedly growing, providing some support as the company works to diversify beyond its legacy search advertising business. However, the growth has not fully offset advertising weakness. Baidu, Inc. (BIDU) Sees AI Cloud Revenue Growth Offset by Weak Advertising Business Neutral Sentiment: BIDU is attracting increased investor attention, with valuation and business prospects being closely watched. Its relatively modest price-to-earnings ratio and strong liquidity may interest value-oriented investors, but the stock’s trend remains weak. Baidu, Inc. (BIDU) Is a Trending Stock: Facts to Know Before Betting on It Negative Sentiment: Several law firms publicized a securities class action alleging Baidu misled investors about AI-powered business growth and its ability to cushion a rapidly deteriorating online advertising franchise. The allegations cite an 8% sequential contraction in the AI business and a sharp one-session share-price loss. The lead-plaintiff deadline is November 13, 2026. These announcements could add reputational, legal-cost and investor-confidence risks, although the allegations have not been proven. BIDU Deadline Alert: SueWallSt Reminds Baidu Investors of Securities Class Action Deadline Wall Street Analyst Weigh In BIDU has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Baidu from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Barclays cut their price target on Baidu from $124.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Zacks Research downgraded Baidu from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Baidu in a research note on Tuesday, June 23rd. Finally, Morgan Stanley lowered Baidu from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $130.00 to $80.00 in a research note on Wednesday, August 19th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $149.33.
Check Out Our Latest Stock Analysis on Baidu Baidu Trading Up 0.9% The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a market capitalization of $28.09 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. The firm’s fifty day simple moving average is $92.44 and its 200 day simple moving average is $109.94.
Institutional Trading of Baidu Several large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. boosted its holdings in shares of Baidu by 307.9% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,209,089 shares of the information services provider’s stock valued at $138,187,000 after purchasing an additional 912,638 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Baidu by 967.3% during the 1st quarter. WCM Investment Management LLC now owns 454,295 shares of the information services provider’s stock worth $48,428,000 after buying an additional 411,731 shares in the last quarter. Nykredit A S acquired a new position in shares of Baidu during the 2nd quarter worth $28,089,000. Handelsbanken Fonder AB raised its holdings in shares of Baidu by 110.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 246,789 shares of the information services provider’s stock worth $28,206,000 after buying an additional 129,789 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Baidu by 19,231.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,526 shares of the information services provider’s stock worth $14,118,000 after buying an additional 122,887 shares during the last quarter.
About Baidu (Get Free Report)
Baidu, Inc (NASDAQ:BIDU) is a Chinese technology company founded in 2000 by Robin Li and Eric Xu. The company is best known for its internet search engine, which provides information retrieval and online services to users primarily in China.
Baidu has expanded beyond search into artificial intelligence, cloud computing, online content, and other technology services. Its AI offerings include the ERNIE family of large language models and related generative artificial intelligence applications.
Featured Articles Five stocks we like better than Baidu ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.
Proti společnosti Baidu (BIDU) byla podána hromadná žaloba kvůli tvrzením, že nadhodnotila schopnost svého podnikání v oblasti AI kompenzovat pokles tržeb z online marketingu.
NEW YORK, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Baidu, Inc. (NASDAQ: BIDU) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Baidu securities between November 18, 2025 and August 17, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/baidu-inc-bidu-class_action_lawsuit.
Baidu Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Baidu overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business;as a result, Baidu’s revenue was reasonably likely to decline; andas a result of the foregoing, Defendants’ positive statements about Baidu’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. What's Next for Baidu Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/baidu-inc-bidu-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Baidu you have until November 13, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Baidu Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Baidu Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Akcie společnosti Baidu za poslední měsíc klesly o 7,6 % a obdržely hodnocení Zacks Rank #5 („silný prodej“). Odhad zisku na akcii pro aktuální rok činí 5,66 USD, což představuje meziroční pokles o 25,9 %.
Baidu Inc. (BIDU - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this web search company have returned -7.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Internet - Services industry, to which Baidu Inc. belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Baidu Inc. is expected to post earnings of $1.42 per share for the current quarter, representing a year-over-year change of -9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $5.66 points to a change of -25.9% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $8.15 indicates a change of +43.9% from what Baidu Inc. is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for Baidu Inc..
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Baidu Inc., the consensus sales estimate for the current quarter of $4.56 billion indicates a year-over-year change of +4%. For the current and next fiscal years, $18.88 billion and $20.64 billion estimates indicate +4.3% and +9.3% changes, respectively.
Last Reported Results and Surprise HistoryBaidu Inc. reported revenues of $4.62 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.06 for the same period compares with $1.9 a year ago.
Compared to the Zacks Consensus Estimate of $4.65 billion, the reported revenues represent a surprise of -0.75%. The EPS surprise was -29.8%.
Over the last four quarters, Baidu Inc. surpassed consensus EPS estimates two times. The company topped consensus revenue estimates just once over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Baidu Inc. is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Baidu Inc.. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.
Proti společnosti Baidu (BIDU) byla podána hromadná žaloba kvůli údajnému nadhodnocování schopnosti byznysu s umělou inteligencí kompenzovat pokles tradičních marketingových aktivit a zkreslování výhledu tržeb.
LOS ANGELES, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Baidu, Inc. (“Baidu” or “the Company”) (NASDAQ: BIDU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of BIDU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 18, 2025 to August 17, 2026
DEADLINE: November 13, 2026
If you are a shareholder who suffered a loss, click here to participate.
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Baidu overstated the ability of its AI business to cover the rapid decline in its legacy marketing business. The Company was likely to suffer a decline in revenue. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Baidu, investors suffered damages.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
Baidu čelí hromadné žalobě kvůli údajnému zkreslování schopnosti AI kompenzovat pokles online marketingu. Po zveřejnění výsledků za 2. čtvrtletí 18. srpna 2026 klesly ADS o 12,73 %.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Baidu To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Baidu between November 18, 2025 and August 17, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 11, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baidu, Inc. ("Baidu" or the "Company") (NASDAQ: BIDU) and reminds investors of the November 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; (2) that, as a result, the Company's revenue was reasonably likely to decline; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 18, 2026, before the market opened, the Company reported second quarter 2026 financial results, revealing that Baidu General Business revenue fell 4% year over year to RMB25.2 billion (or $3.71 billion), with Legacy Business revenue falling 23% year over year to RMB10.4 billion and total Online Marketing Services revenue falling 19% year over year to RMB13.1 billion. Critically, the Baidu Core AI-powered business fell 8% quarter over quarter to RMB12.5 billion (or $1.86 billion), its year-over-year growth having decelerated from 49% in the first quarter of 2026 to 25%, and its largest component, AI Cloud Infra, having fallen 17% quarter over quarter from RMB8.8 billion to RMB7.3 billion.
On this news, the price of Baidu ADS fell $13.25 per share, or 12.73%, to close at $90.87 on August 18, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Baidu's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Baidu class action, go to www.faruqilaw.com/BIDU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Baidu Securities Class Action Lawsuit:
What is the Baidu securities fraud lawsuit about?
The lawsuit alleges Baidu misled investors about its AI business's ability to offset declines in its legacy online marketing business and failed to adequately disclose the risk of declining revenue.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Baidu (NASDAQ: BIDU) securities between November 18, 2025 and August 17, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 13, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Baidu securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318335
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Proti společnosti Baidu (BIDU) byla podána hromadná žaloba kvůli údajnému nadhodnocení schopnosti jejího podnikání v oblasti AI kompenzovat pokles tržeb z tradičního marketingu.
, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Baidu, Inc. ("Baidu" or "the Company") (NASDAQ: BIDU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of BIDU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 18, 2025 to August 17, 2026
DEADLINE: November 13, 2026
If you are a shareholder who suffered a loss, click here to participate.
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Baidu overstated the ability of its AI business to cover the rapid decline in its legacy marketing business. The Company was likely to suffer a decline in revenue. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Baidu, investors suffered damages.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
Schůzka Trumpa se Si Ťin-pchingem v Bílém domě vrátila čínské AI akcie do centra pozornosti; žádný průlom v omezeních technologií ale nepřišel. Alibaba a Baidu mezitím hlásí prudký růst AI cloud byznysu.
China’s artificial intelligence stocks are back in focus after President Trump hosted Chinese President Xi Jinping at the White House on Thursday, with AI emerging as one of the central topics of their meeting.
Along with trade, technology, and other geopolitical issues, Trump and Xi discussed artificial intelligence, with Xi calling for continued dialogue, cooperation, and maintaining human control over the technology.
The two countries also agreed to extend their existing trade truce by two months, although no major breakthrough on AI or technology restrictions was announced.
Still, the importance of technology was evident at the White House state dinner. Among those attending were Nvidia (NVDA - Free Report) ) CEO Jensen Huang, Advanced Micro Devices (AMD - Free Report) ) CEO Lisa Su, Tesla (TSLA - Free Report) ) and SpaceX (SPCX - Free Report) ) chief Elon Musk, and Apple ((AAPL - Free Report) ) executive chairman Tim Cook.
Meanwhile, private AI developer DeepSeek has helped demonstrate China's rapid progress in generative AI despite limits on access to advanced U.S. chips. Furthermore, many Chinese AI stocks trade at sizable valuation discounts to their U.S. counterparts, partly reflecting geopolitical and regulatory risks.
That said, here are five publicly traded Chinese AI companies worth watching as the country's AI buildout accelerates.
1. Alibaba – BABAAlibaba (BABA - Free Report) ) arguably offers the broadest publicly traded exposure to China's AI infrastructure expansion through Alibaba Cloud, its Qwen models, and its growing portfolio of proprietary AI chips.
Alibaba recently raised roughly $10 billion, with 60% of the proceeds earmarked for global computing infrastructure and the remaining 40% targeting hyperscale AI data centers, storage, databases, and high-performance networking. The company also plans to expand Alibaba Cloud's operated global data-center capacity to more than 20 gigawatts by 2032.
AI Cloud and Compute Services revenue surged 45% year over year to more than $7 billion in Alibaba's latest quarter.
2. Baidu – BIDUBaidu (BIDU - Free Report) ) has rapidly shifted from its traditional search business to an AI-first strategy spanning cloud infrastructure, large language models (LLMs), and autonomous driving.
Most notably, Baidu's AI Cloud Infrastructure revenue jumped 50% YoY to $1.1 billion in Q2, while GPU Cloud revenue soared 283%, reflecting strong demand for computing capacity used in AI training and inference.
That makes Baidu one of the most direct large-cap Chinese plays on growing enterprise demand for AI computing.
3. Kingsoft Cloud – KCAlthough much smaller than Alibaba and Baidu, Kingsoft Cloud (KC - Free Report) ) provides perhaps the purest exposure to China's cloud infrastructure expansion among U.S.-listed Chinese stocks.
Kingsoft's AI cloud gross billings surged 82% YoY in Q2 and accounted for 56% of its public cloud revenue, driven by AI infrastructure services and Model-as-a-Service (MaaS) offerings.
For investors specifically tracking China's need for more computing capacity rather than consumer internet businesses, KC is an intriguing name to watch.
4. Tencent – TCEHYTencent (TCEHY - Free Report) ) is another Chinese technology giant investing aggressively across AI models, agents, and cloud infrastructure.
Tencent's Q2 capital expenditures soared 176% YoY to nearly $8 billion, as the company made substantial AI-related compute prepayments to support its Hy models, AI agents, and growing external cloud demand.
Tencent's massive gaming, social-media, and payments businesses make AI infrastructure a less concentrated part of the overall investment story than at Kingsoft Cloud, although its scale gives it significant resources to fund the buildout.
5. Hesai – HSAIHesai (HSAI - Free Report) ) provides a different kind of infrastructure exposure through physical AI.
Rather than operating data centers, Hesai develops lidar, spatial-intelligence technology, and robotic actuation systems that allow autonomous vehicles and robots to perceive and interact with their surroundings.
Hesai now describes itself as a physical-AI infrastructure company spanning the full robotics chain of "see, understand and act," giving investors exposure to the expansion of autonomous mobility and embodied AI.
Honorable Mention: Pony AI & WeRidePony AI (PONY - Free Report) ) and WeRide (WRD - Free Report) ) are worth monitoring as more direct bets on autonomous driving and robotaxis rather than the underlying cloud buildout.
Pony AI's robotaxi revenue surged 691% year over year in Q2, while its fleet reached nearly 2,000 vehicles.
WeRide's Q2 revenue jumped 82%, while its global Level 4 autonomous fleet had expanded to approximately 3,400 vehicles by the end of July.
Both companies should be significant consumers of AI compute as autonomous-driving systems become increasingly sophisticated.
Bottom LineThe Trump-Xi meeting reinforced just how central artificial intelligence has become to the economic and technological relationship between the United States and China.
Among publicly traded Chinese companies, Alibaba and Baidu provide the broadest combination of AI models, cloud infrastructure, and computing capacity, while Kingsoft Cloud offers more concentrated cloud exposure.
Tencent brings tremendous financial scale, while Hesai, PonyAI, and WeRide extend the opportunity into physical AI, robotics, and autonomous transportation.
As China's AI ecosystem continues to expand despite constraints on access to some advanced U.S. technology, these stocks provide investors with several different ways to monitor the country's accelerating AI buildout.
Alibaba představila čip Zhenwu V900 pro AI v Číně a akcie v úterý ráno rostly o 4 %. Akcie Baidu zůstaly téměř beze změny, což naznačuje spíše firemní než sektorový impuls.
Alibaba just unveiled a chip it claims reshapes the AI compute landscape inside China, and the stock is reacting sharply, but one key rival is barely moving, and that gap reveals exactly who the market thinks wins here.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Shares of Alibaba Group (NYSE:BABA | BABA Price Prediction) are rallying Tuesday morning after the company unveiled its most powerful AI chip yet at Alibaba Cloud’s annual conference in Hangzhou. Alibaba stock is up 4% to $120.36 in early trading, a decisive break from a flat past month and the sharpest single-session move the name has posted in weeks.
Alibaba’s rally is out of step with the day’s session. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is essentially unchanged at $774.23, up 0.1%. The KraneShares CSI China Internet ETF (NYSEARCA:KWEB) is up 1% to $25.44, a modest lift that suggests a company-specific catalyst rather than a broad China internet re-rate.
Positioning was thin heading in. Alibaba stock was up 0.85% over the past month, meaning traders carried little of this story beforehand. The reaction this morning is pricing an announcement, not follow-on shipments.
Zhenwu V900 Targets the Gap NVIDIA Left, according to Alibaba Alibaba CEO Eddie Wu said the Zhenwu V900 delivers three times the performance of the chip Alibaba released earlier this year, with larger memory and greater bandwidth, and that a single cluster built on the new part can link up to 500,000 chips to train and run frontier AI models. He also stated that Alibaba anticipates “significant growth in annual AI chip shipment volumes.” T-Head, Alibaba’s semiconductor arm, designed the part.
The chip is scheduled by Alibaba for mass production and commercial release in the first quarter of 2027. Every performance claim is vendor-reported and hasn’t been independently benchmarked, which is the caveat worth holding in view before mapping today’s Alibaba share gain onto a future revenue line. Alibaba also outlined plans to train a substantially larger model than its current flagship, without attaching spending detail to the ambition.
NVIDIA’s Absence Reshapes China Compute The bull case rests on a structural setup. U.S. export controls have kept NVIDIA‘s (NASDAQ:NVDA) most advanced AI accelerators out of the Chinese market, and NVIDIA has excluded China data-center compute revenue from its Q3 FY2027 outlook, according to Alibaba. That absence signals to buyers that the opening for domestic silicon is durable rather than temporary, which is exactly the framing Alibaba is trying to lean on.
Alibaba still sits well behind Huawei’s Ascend line inside China’s domestic accelerator market. However, owning the model and the silicon underneath at the same time is a position no Western supplier can currently contest inside the country, and it’s the kind of early setup we cataloged in a free playbook on spotting the next monster tech winner. That vertical integration is the edge Alibaba is pressing with the V900, and it’s what separates a hardware headline from a strategy shift.
Baidu Sits Tight While Alibaba Runs The clearest read-across check is Baidu (NASDAQ:BIDU), which develops its own Kunlunxin AI accelerators alongside its models and is the closest listed comparison for a Chinese company building silicon under its own roof. Baidu stock is at $92.45, up 0.3%, essentially unchanged on the session. If today’s Alibaba move were being read as a repricing of Chinese AI-chip capability broadly, Baidu would have caught a bid too.
The flat Baidu reaction tells you the market is treating this as a company-specific win for Alibaba rather than a sector-wide upgrade. That framing matters for anyone trying to trade the Zhenwu headline through peers, and it lines up with the modest China internet ETF response flagged earlier. Even a partial catch-up in Baidu shares later this week would signal the read is broadening, and none of that has shown up yet.
What to Watch Next Investors can watch for whether Alibaba stock holds the day’s gain into the close, since much of the move rests on a spec sheet rather than a shipment. The next hard test for Alibaba arrives in the first quarter of 2027, when the V900 is scheduled to move into mass production and paying customers. Between now and then, any independent benchmark, government policy shift, or customer disclosure can move the story either way.
Traders building new Alibaba stock positions should moderate their exposure given how much of the thesis is vendor-reported and still a year from commercial release. Shareholders may want to keep an eye on whether independent benchmarks and customer-adoption figures line up with Alibaba’s claims once V900 shipments actually begin. Sizing positions to survive a delayed ramp or a benchmark disappointment is the more defensible posture here, and it leaves room to add on confirmation rather than on hope.
Contact [email protected] for any questions or corrections.
Baidu oznámila, že její akcie třídy A byly zařazeny do programů Shenzhen-Hong Kong Stock Connect i Shanghai-Hong Kong Stock Connect. Investoři z pevninské Číny k nim tak mají přímý přístup.
, /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 that the Company's Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") have been included in the Shenzhen-Hong Kong Stock Connect program, effective today, September 7, 2026 (Beijing time). The previously announced inclusion of the Company's Class A ordinary shares in the Shanghai-Hong Kong Stock Connect program also became effective today. Eligible investors in the Chinese Mainland now have direct access to the trading of Baidu's Class A ordinary shares through both programs.
The inclusion of Baidu's Class A ordinary shares in the Shenzhen-Hong Kong Stock Connect program is pursuant to the Announcement on Adjustment of the List of the Eligible Stocks in Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect issued by the Shenzhen Stock Exchange on September 7, 2026.
Taken together, the inclusion in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect marks an important step toward expanding the Company's reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.
About the Shenzhen-Hong Kong Stock Connect
The Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the Chinese Mainland and Hong Kong under which the Shenzhen Stock Exchange and the Hong Kong Stock Exchange have established technical connectivity to enable investors in the Chinese Mainland and Hong Kong to trade eligible shares listed on the other's market through their local securities companies or brokers.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Baidu oznámila, že její třída A akcií na hongkongské burze bude od 7. září 2026 zařazena do programu Shanghai-Hong Kong Stock Connect. Čínští investoři z pevninské Číny tak získají přímý přístup k obchodování.
, /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 that the Company's Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") will be included in the Shanghai-Hong Kong Stock Connect program, effective September 7, 2026.
The inclusion is pursuant to the Notice of the Adjustment of the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect issued by the Shanghai Stock Exchange on September 4, 2026.
Following the inclusion, eligible investors in the Chinese Mainland will have direct access to the trading of Baidu's Class A ordinary shares through the Shanghai-Hong Kong Stock Connect. The inclusion marks an important step toward expanding the Company's reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Baidu na mimořádné valné hromadě získala souhlas akcionářů s dobrovolnou přeměnou sekundárního kotování na primární kotování na hongkongské burze. Společnost bude dál plnit pravidla jako duálně primárně kotovaný emitent na Hongkongské burze i Nasdaq.
, /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that its extraordinary general meeting of shareholders (the "EGM") was held in Beijing today and all the proposed resolutions set out in the notice of the EGM dated July 27, 2026 were duly passed at the EGM.
All necessary shareholder approvals for the Company's voluntary conversion of its secondary listing status to primary listing (the "Primary Conversion") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") have been obtained at the EGM. From the date of this press release until the effective date of the Primary Conversion, the Company will continue to make the necessary arrangements to comply with all applicable laws, regulations and stock exchange rules as a dual-primary listed issuer on the Hong Kong Stock Exchange and the Nasdaq Global Select Market upon the effectiveness of the Primary Conversion.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Uber v Dubaji spustil plně bezřidičové robotaxi Baidu Apollo Go pro cestující ve vybraných částech města. Jde o první spuštění v rámci víceleté dohody, která má nasadit tisíce vozů po celém světě.
Key Takeaways Uber now offers fully driverless Apollo Go robotaxis to riders in select areas of Dubai. The Dubai rollout begins a multi-year partnership targeting thousands of Apollo Go vehicles worldwide. Uber's partnership-led robotaxi strategy avoids massive R&D costs of developing autonomous systems in-house. Uber Technologies (UBER - Free Report) announced that Chinese company Baidu’s (BIDU - Free Report) fully autonomous Apollo Go vehicles are available to riders through the former’s platform in Dubai, with New Horizon Luxury Transport operating the fleet. The rollout strengthens Uber’s position in the autonomous-vehicle market and represents an important step in the global expansion of driverless transportation. Dubai is the first launch location under the companies’ multi-year strategic partnership, which aims to deploy thousands of Apollo Go vehicles across Uber’s worldwide network.
Dubai riders booking an UberX or Uber Comfort trip may now be matched with a fully driverless Apollo Go vehicle. Customers can also choose the “Autonomous” option in the Uber app to improve their chances of securing a robotaxi. Initially, the service will operate in select areas of Umm Suqeim and Jumeirah, with coverage expected to expand over time.
Uber’s global head of autonomous, Sarfraz Maredia, described the Dubai launch as a significant step in its efforts to expand autonomous mobility worldwide. Baidu’s vice president Nan Yang said the rollout represents an important milestone in its partnership, with Dubai serving as the starting point for the broader expansion. Dubai is also the first international market where Baidu has introduced both self-operated and partner-operated autonomous ride-hailing services.
The service uses Apollo Go’s sixth-generation RT6, a purpose-built, fully electric robotaxi developed for completely driverless operations. Each vehicle can accommodate up to three passengers and is equipped with more than 30 sensors that monitor its surroundings and process data onboard in real time.
Apollo Go has established operations across 28 cities worldwide. Its fleets have traveled more than 350 million autonomous kilometers, including over 240 million kilometers in fully driverless mode.
Uber emphasized that safety remains a central priority. Baidu’s Apollo Go vehicles, like all autonomous vehicles operating through Uber’s network, must comply with its safety guidelines before entering service.
Uber currently works with more than 30 autonomous-vehicle partners and facilitates millions of autonomous trips annually. The company is developing a hybrid transportation network in which driverless vehicles and human drivers operate alongside one another to make mobility more affordable, sustainable and accessible.
Uber aims to gain a stronghold in the robotaxi market through strategic partnerships. By adopting this approach, Uber has avoided the massive R&D costs of developing autonomous systems in-house. In 2020, Uber sold the self-driving division but retained its focus on becoming the ultimate ride-hailing super app.
In line with its partnership-driven strategy, Uber, in collaboration with another Chinese company, WeRide (WRD - Free Report) , announced earlier this year plans to introduce commercial robotaxi services in the Greater Zurich Region. This move represents their second joint deployment in Europe, coming just weeks after the announcement of a similar initiative in Madrid.
Since December 2024, WeRide and Uber have introduced robotaxi services across several Middle Eastern markets, including fully driverless commercial operations in Abu Dhabi and Dubai, as well as public services in Riyadh. These deployments provide an operational foundation for their European expansion.
UBER’s Share Price Performance, Valuation and EstimatesShares of UBER have gained in low double digits (% wise) over the past three months. Consequently, UBER’s shares outperformed the Zacks Internet-Services industry over the same time frame.
3-Month Price ComparisonImage Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.52X. UBER trades at a discount compared with its industry.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.
Image Source: Zacks Investment Research
UBER's Zacks RankUBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Baidu zveřejnila výsledky za 2. čtvrtletí 2026 a uspořádala konferenční hovor k výsledkům hospodaření. Vedení představilo čtvrtletní výhled a odpovídalo na dotazy analytiků.
Baidu, Inc. (BIDU) Q2 2026 Earnings Call August 18, 2026 8:00 AM EDT
Company Participants
Juan Lin - Director of Investor Relations
Yanhong Li - Co-Founder, Chairman & CEO
Haijian He - Chief Financial Officer
Dou Shen - Executive VP & President of Baidu AI Cloud Group
Rong Luo - Executive Vice President of Baidu Mobile Ecosystem Group
Conference Call Participants
Alex Yao - JPMorgan Chase & Co, Research Division
Alicis a Yap - Citigroup Inc., Research Division
Xiaomeng Zhuang - BofA Securities, Research Division
Lincoln Kong - Goldman Sachs Group, Inc., Research Division
Wei Xiong - UBS Investment Bank, Research Division
Thomas Chong - Jefferies LLC, Research Division
Ellie Jiang - Macquarie Research
Presentation
Operator
Hello and thank you for standing by for Baidu's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded.
[Operator Instructions] I would now like to turn the meeting over to your host for today's conference, Juan Lin, Baidu's Director of Investor Relations.
Juan Lin
Director of Investor Relations
Hello, everyone, and welcome to Baidu's Second Quarter 2026 Earnings Conference Call. Baidu's earnings release was distributed earlier today, and you can find a copy on our website as well as on Newswire services.
On the call today, we have Robin Li, our Co-Founder and CEO; Julius Rong Luo, our EVP in charge of Baidu Mobile Ecosystem Group, MEG; Dou Shen, our EVP in charge of Baidu AI Cloud Group, ACG; and Henry Haijian He, our CFO. After our prepared remarks, we will hold a Q&A session.
Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to
Baidu ve 2. čtvrtletí vykázala pokles tržeb o 4 % na 31,33 mld. CNY už páté čtvrtletí v řadě. Segment Baidu Core AI-powered Business naopak vzrostl o 25 % na 12,5 mld. CNY.
Čínská technologická společnost Baidu, která provozuje mimo jiné největší čínský vyhledávač či autonomní vozidla Apollo, dnes oznámila výsledky za 2Q. Výnosy klesly již pátý kvartál v řadě, přičemž byly taženy dolů online marketingovými výnosy, které meziročně poklesly o 19 %. Byznys poháněný umělou inteligencí naopak rostl meziročně o 25 % a na výnosech hlavního byznysu se podílel polovinou.
Výsledky společnosti Baidu (BIDU) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. CNY) 31,33 31,59
32,71 Čistý zisk (mld. CNY) 2,32 -- 7,32 Očištěný zisk na depozitní certifikát*(EPS, CNY/certifikát) 7,22 9,75 13,58 *jeden americký depozitní certifikát odpovídá 8 akciím
Výsledky Výnosy společnosti meziročně poklesly o 4 % na 31,33 mld. CNY (4,62 mld. USD) a mírně tak zaostaly za odhady analytiků ve výši 31,59 mld. CNY.
Baidu své výnosy dělí do dvou segmentů. Baidu General Business, který zahrnuje výnosy z vyhledávání (reklamy a marketingové služby) a cloudových služeb, meziročně poklesl o 4 % na 25,18 mld. CNY. Online marketingové výnosy zde zaznamenaly meziroční pokles o 19 % na 13,1 mld. CNY, zatímco ostatní výnosy byly meziročně o 21 % vyšší a činily 12,1 mld. CNY, když byly primárně taženy růstem v AI cloud byznysu.
Výnosy ze streamovací platformy iQIYI meziročně poklesly o 5 % na 6,29 mld. CNY při analytickém konsensu 6,4 mld. CNY.
Výnosy segmentu Baidu Core AI-powered Business, tedy byznysu poháněného umělou inteligencí, zaznamenaly meziroční růst o 25 % na 12,5 mld. CNY. Tento segment se podílel na výnosech Baidu General Business z 50 % (před rokem 38 %).
AI cloudová infrastruktura zaznamenala meziroční růst výnosů o 50 % na 7,3 mld. CNY. Výnosy z GPU Cloudu v rámci tohoto segmentu vzrostly meziročně o 283 %. Výnosy z AI aplikací meziročně vzrostly o 3 % na 2,5 mld. CNY. Výnosy z nativních AI marketingových služeb zůstaly meziročně zhruba beze změny na 2,6 mld. CNY. Očištěná EBITDA byla meziročně nižší o 5,3 %, když činila 6,15 mld. CNY při odhadech 5,81 mld. CNY.
Očištěný provozní zisk meziročně poklesl o 15 % na 3,79 mld. CNY při konsensu 3,61 mld. CNY.
V červnu dosáhla aplikace Baidu 644 mil. měsíčně aktivních uživatelů.
Služba Apollo Go rozšířila svou globální stopu na 28 měst a její flotily dosud najezdily přes 350 mil. autonomních kilometrů, z toho více než 240 mil. kilometrů plně bez řidiče.
Ke 30. 6. 2026 činila celková hotovost a investice 283,1 mld. CNY (41,72 mld. USD). Provozní hotovostní tok dosáhl 3,4 mld. CNY.
Návrat kapitálu akcionářům Od začátku 1Q 2026 vrátilo Baidu akcionářům 259 mil. USD prostřednictvím zpětných odkupů akcií.
Komentář vedení „Nyní, když se byznys poháněný umělou inteligencí pevně etabloval jako jádro Baidu, posilujeme základy pro naši další fázi růstu taženého AI. AI cloudová infrastruktura si v tomto kvartále udržela silnou dynamiku, přičemž růst GPU Cloudu se dále zrychlil, a to už tak z vysoké základny. Také naše portfolio AI aplikací nadále vzkvétalo, se silnějšími schopnostmi a stále rozmanitějšími případy užití. Apollo Go dosáhlo stabilního pokroku ve své globální expanzi, přičemž dále posílilo své bezpečnostní a provozní schopnosti a zlepšilo zážitek pro cestující," uvedl spoluzakladatel a generální ředitel Robin Li. „Ačkoliv náš online marketingový byznys zůstává pod tlakem, rostoucí dynamika našeho klíčového byznysu poháněného umělou inteligencí potvrzuje přerod Baidu ze společnosti zaměřené na internet ve společnost stavějící umělou inteligenci na první místo a posiluje naši důvěru v náš dlouhodobý růstový potenciál."
„Kvartál byl ve znamení několika významných momentů. Zaprvé, výnosy segmentu byznysu poháněného umělou inteligencí dosáhly 12,5 mld. CNY a nadále tvořily polovinu výnosů segmentu Baidu General Business. Zadruhé, provozní hotovostní toky Baidu zůstaly kladné čtvrtý kvartál v řadě, když ve druhém kvartále dosáhly 3,4 mld. CNY. Zatřetí, postupujeme v naší konverzi na duální primární listing v Hongkongu a očekáváme, že nabude účinnosti ještě v letošním roce," řekl finanční ředitel Haijian He. „Do budoucna zůstáváme pevně oddáni investicím do umělé inteligence jakožto klíčového hnacího motoru dlouhodobého růstu Baidu."
Pohled analytika Analytik Robert Lea z Bloomberg Intelligence uvedl, že dlouhodobé vyhlídky Baidu stojí na schopnosti zpeněžit své know-how a dovést ztrátové AI byznysy k ziskovosti. Podle něj sice umělá inteligence slibuje úspory z vyšší produktivity napříč řadou odvětví, ale Baidu chybí rozsah na to, aby konkurovalo velkým čínským technologickým platformám, které podle něj nakonec odvětví ovládnou. Sílící konkurence tak postupně nahlodává náskok Baidu v čínském AI sektoru v době, kdy jeho snaha o monetizaci zatím nepřinesla výraznější výnosy.
Vývoj akcie ADR Baidu (BIDU) v předburzovní fázi obchodování zaznamenávají pokles o 5,69 % na 98,2 USD.
ADR Baidu (BIDU) před výsledky na 104,12 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 35,3 P/E 19,2 Vývoj za letošní rok (%) -20,3 Očekávané P/E 15,0 52týdenní minimum (USD) 84,8 Prům. cílová cena (USD) 166,0 52týdenní maximum (USD) 165,3 Dividendový výnos (%) -- Zdroj: Baidu, Bloomberg
Baidu a Freenow by Lyft zahájily silniční testy autonomního vozu Apollo Go RT6 v Londýně. Veřejné jízdy plánují od roku 2027, pokud získají regulační souhlasy.
Baidu's Apollo Go and Freenow by Lyft have commenced the testing of Apollo Go's sixth-gen autonomous vehicle (RT6) in London. Initial road testing with safety operators on board will take place in Brent, a borough in west and north-west London. Apollo Go and Freenow by Lyft plan to welcome public riders starting in 2027. , /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) today announced that its autonomous ride-hailing platform, Apollo Go, has begun road testing in London with Freenow by Lyft. Testing will begin in the borough of Brent with safety operators on board, covering a mix of urban and suburban driving environments. Apollo Go and Freenow by Lyft plan to welcome public riders starting in 2027, subject to regulatory approvals.
The deployment builds on the strategic partnership announced by Baidu and Lyft in 2025 for Lyft to deploy Apollo Go autonomous vehicles across key European markets through the Lyft platform. Under the partnership, Apollo Go provides the RT6 vehicles and autonomous driving technology, while Freenow by Lyft contributes its local operational expertise to ensure smooth testing and operation of the fleet.
The London program builds on Apollo Go's testing experience in Hong Kong, its first right-hand-drive market. On July 23, 2026, Apollo Go received the first fully driverless trial permit from Hong Kong's Transport Department, with testing beginning on Airport Island on July 27. This marks Hong Kong's first Level 4 autonomous trial on public roads without an on-board safety operator, and the first fully driverless trial in any right-hand-drive market globally. These milestones demonstrate the adaptability of Apollo Go's autonomous driving technology across diverse road environments.
"The arrival of Apollo Go vehicles in London marks a defining milestone in our global expansion," said Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. "Testing our autonomous fleet in one of the world's most iconic and complex urban environments validates our technology's maturity and our commitment to this market. By combining our cutting-edge autonomous driving technology with Freenow by Lyft's local operational expertise, we are officially moving from vision to reality, together."
Thomas Zimmermann, CEO of Freenow by Lyft, said: "As a platform with deep roots in the taxi industry, our priority is ensuring that autonomous technology supports the professional drivers who keep London moving. By integrating these purpose-built, autonomous vehicles from Baidu's Apollo Go into the Freenow by Lyft ecosystem, we will give Londoners more sustainable choices to travel, encouraging them to choose shared mobility services over personally-owned vehicles."
The RT6 vehicles will operate as part of a hybrid network alongside Freenow's established taxi and private hire vehicles. For riders, this means faster pickup times as the number of vehicles on the platform increases. Research by Censuswide shows a strong appetite for autonomous vehicles among Londoners, with 58% saying they would be likely to try one, and nearly two-thirds of those under 35 are in favor*.
The London deployment adds to the rapidly expanding global footprint of Apollo Go, Baidu's autonomous ride-hailing service. As of April 2026, Apollo Go had provided more than 22 million cumulative rides to the public. In Q1 2026 alone, it completed 3.2 million fully driverless rides, a volume growing at over 120% year-over-year. As of May, Apollo Go's global footprint spanned 27 cities, and its fleets had accumulated over 330 million autonomous kilometers globally, including more than 220 million fully driverless kilometers, all while maintaining a strong safety record.
*This research was commissioned by Freenow by Lyft in partnership with Censuswide in March 2026. The survey sampled 3,001 respondents.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.
About Freenow by Lyft
Freenow by Lyft features broad multi-mobility options across 9 European markets and over 180 cities. Millions of passengers can access various mobility services within a single app, including taxis, private hire vehicles, carsharing, car rental, e-scooters, e-bikes, e-mopeds and public transport. With headquarters in Hamburg, Germany, Freenow is led by CEO Thomas Zimmermann.
In July 2025, Freenow was acquired by Lyft, a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across 6 continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides. Together, Freenow and Lyft are helping to create a more connected world, with transportation options for everyone.
, /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 that the board of directors of the Company (the "Board") approved a motion to pursue the voluntary conversion to dual-primary listing (the "Primary Conversion") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"). The Primary Conversion is expected to become effective within this year. The Board also authorized the Company's management to proceed with the relevant preparatory work and undertake the necessary procedures to complete the Primary Conversion.
After the Primary Conversion, the Company will become a dual-primary listed company on the Main Board of the Hong Kong Stock Exchange and the Nasdaq Global Select Market, and its Class A ordinary shares and American depositary shares will continue to be traded on both stock exchanges (as the case may be) and remain mutually fungible. The Company believes that the dual-primary listing, once effective, will enhance the liquidity of its securities, broaden its investor base and provide greater flexibility in accessing both capital markets.
The Primary Conversion is conditional upon and subject to, among other things, market conditions and the obtaining of the necessary regulatory approvals. The Company will make further announcement(s) to disclose any material updates and progress with respect to the Primary Conversion in accordance with applicable laws and regulations as and when appropriate. This announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any securities of the Company. Shareholders and potential investors should exercise caution when dealing in the securities of the Company.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to" and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.
Shares of Chinese tech giants Alibaba and Baidu rose Thursday on their partnership with Apple for deploying their AI tools.
Hong-Kong listed shares of Alibaba rose 5% after the company confirmed that its Qwen AI model would be integrated into Apple services in China.
U.S.-listed shares of Alibaba had closed slightly higher overnight after an Alibaba spokesperson told CNBC that "Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and vision OS for users in China."
Alibaba HK shares
Baidu's Hong Kong-listed shares gained 4% as the company confirmed that it was working with Apple on Apple Intelligence features for iPhones in China.
This comes amid reports in late June that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
The Cyberspace Administration of China in a notice on Wednesday included Apple Intelligence, along with six other smartphone-based AI services including Huawei Technologies, in a list of approved service providers.
The Apple-Qwen combination will allow users to access the model's capabilities, "like text and image understanding and generation, without needing to jump between tools," the Alibaba spokesperson added.
Apple did not immediately respond to CNBC's request for comments.
Baidu hk shares
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance. The U.S. has sought to curb China's ability to access high-end chips, while Beijing has tried to wall off U.S. investments into Chinese tech companies.
"AI leadership is becoming central to economic competitiveness, global standard-setting, and the maintenance of democratic governance," according to a report by research organization RAND.
— CNBC's Evelyn Cheng, Joseph Wilkins and Kai Nicol-Schwarz contributed to this report.
Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin's planned listing, The Information reported Sunday, citing two sources familiar with the matter.
Baidu confidentially filed a listing application for Kunlunxin on the Hong Kong Stock Exchange at the start of the year, though offering details, including size and structure, were undecided then.
Kunlunxin chips have drawn interest from ByteDance, the owner of TikTok, according to an earlier Reuters report citing sources.
Founded in 2011, Kunlunxin mainly supplies chips to its parent company Baidu. While Baidu retains a controlling stake, the company operates independently and has broadened its scope to external sales over the past two years.
The report comes as China accelerates efforts to strengthen its position in the increasingly competitive AI sector.
"Despite Chinese progress, the United States remains for now ahead in the race for dominance over the so-called artificial intelligence hardware stack – the resources and equipment, especially semiconductors, needed to run AI models," according to a report by Brussels-based economic think tank Bruegel.
However, the think tank also noted that "the signs of Chinese catch-up are real," citing factors such as an open-sourced toolkit with a state-backed contributor pipeline and a large enough domestic market that could buoy the ecosystem through its immature phase.
