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Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

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Michael Burry, the hedge fund manager renowned for predicting the 2008 financial crisis, has significantly increased his exposure to Chinese technology companies while simultaneously implementing protective measures against potential downside risks, <a href="https://www.benzinga.com/markets/asia/24/11/42000692/david-teppers-appaloosa-trims-alibaba-stake-by-476-in-q3-2024-doubles-down-on-pdd-holdings-and-jd.com">according to regulatory filings</a>.
What Happened: Burry&#8217;s Scion Asset Management made several notable adjustments to its portfolio during the third quarter, with Chinese companies now representing its largest positions. The firm increased its stake in Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) by 29%, making it the fund&#8217;s largest holding valued at over $21 million as of September&#8217;s end.
In a similar move, Scion doubled its position in JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), elevating it to the fund&#8217;s second-largest holding at approximately $20 million. The firm also expanded its stake in Chinese search giant Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) by 67%, bringing the position to $13.2 million.
However, in what appears to be a cautionary strategy, Burry has simultaneously established put options against these same holdings. Put options typically increase in value when the underlying securities decline, suggesting a hedging strategy designed to protect against potential market volatility.
See Also: <a href="https://www.benzinga.com/news/global/24/11/41999238/ross-gerber-blasts-teslas-support-for-ending-ev-tax-credit-as-insanity-amid-reported-policy-shift-under-trump-administration">Long-Time Tesla Bull Rages As Elon Musk Reportedly Backs Trump&#8217;s Plan To Ax $7.5K EV Credit: &#8216;Insanity&#8217;</a>
The timing of these moves coincides with Beijing&#8217;s recent economic stimulus announcements aimed at reinvigorating growth in the world&#8217;s second-largest economy. While Chinese equities initially rallied in September following these signals, gains have moderated as investors await more concrete fiscal measures.
Beyond his Chinese technology focus, Burry has also increased positions in several U.S. companies, including Shift4 Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>), American Coastal Insurance Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>), and Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>).
Why It Matters: Burry&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41248334/big-short-investor-michael-burrys-china-bet-pays-off-as-top-picks-surge-nearly-60-in-2-months">top three Chinese holdings</a> have posted average gains of nearly 60% over a two-month period, according to market data.
Burry&#8217;s moves are being closely watched by market participants, particularly given his track record. He gained widespread recognition for his prescient bet against mortgage-backed securities before the 2008 global financial crisis, a story later chronicled in Michael Lewis&#8216;s bestseller &#8220;The Big Short&#8221; and its subsequent Oscar-winning film adaptation.
It&#8217;s worth noting that these positions reflect holdings as of Sep. 30, as required by SEC regulations for funds managing over $100 million in assets. Given the 45-day reporting delay and Burry&#8217;s active trading style, current positions may have already changed.
The development comes as other <a href="https://www.benzinga.com/markets/asia/24/11/42000692/david-teppers-appaloosa-trims-alibaba-stake-by-476-in-q3-2024-doubles-down-on-pdd-holdings-and-jd.com">prominent investors adjust their Chinese holdings</a>. Billionaire investor David Tepper&#8217;s Appaloosa Management recently reduced its Alibaba stake by 5%, though the position remains the fund&#8217;s largest holding at 15.75% of its $6.7 billion portfolio.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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'Big Short' Investor Michael Burry Doubles Down On Chinese Tech Stocks While Adding Protective Hedges

Billionaire investor David Tepper&#8216;s Appaloosa Management reduced its stake in Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) by 5% in the third quarter, despite his recent public enthusiasm for Chinese investments, according to regulatory filings released Thursday.
What Happened: The reduction comes just months after Tepper declared that he <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">would buy &#8220;everything&#8221; China-related</a> amid Beijing&#8217;s stimulus efforts. Despite the trim, Alibaba remains Appaloosa&#8217;s largest holding, representing 15.75% of its $6.7 billion equity portfolio.
The hedge fund&#8217;s third-quarter moves reveal a complex strategy toward Chinese investments. While reducing positions in the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Tepper more than doubled his stake in PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and increased positions in JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>).
The filing also revealed significant reductions in major U.S. technology holdings. Appaloosa sold 275,000 shares of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), representing an 8.59% reduction while cutting its Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) position by 211,356 shares, or 21.89%. The fund also reduced its stake in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) by 310,000 shares, a 49.6% decrease, and trimmed its position in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
See Also: <a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Tesla Earnings Will Be Hit Hardest If $7.5K EV Credit Gets Cut By Trump, Warns Gary Black: &#8216;Do The Math&#8217;</a>
Why It Matters: Overall, Tepper&#8217;s exposure to Chinese stocks and ETFs increased to 38% of his equity portfolio in the third quarter, up from 26% in the previous quarter. This positions him, alongside Scion Asset Management&#8216;s Michael Burry, as one of the few prominent hedge fund managers <a href="https://www.benzinga.com/markets/equities/24/10/41248334/big-short-investor-michael-burrys-china-bet-pays-off-as-top-picks-surge-nearly-60-in-2-months">maintaining significant Chinese market exposure</a>. 
These portfolio adjustments come as Chinese stocks face headwinds from disappointing fiscal policies and persistent economic challenges, including weak consumer spending and an unstable property market. Market observers note that geopolitical tensions and potential tariff increases add further <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">uncertainty to the investment landscape</a>.
The details of these transactions were disclosed in a Form 13F filing, a quarterly report required by the Securities and Exchange Commission for institutional investment managers overseeing more than $100 million in qualifying securities.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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Billionaire David Tepper's China Puzzle: Appaloosa Cuts Alibaba Stake While Doubling Down On PDD

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Scion Asset Management 13F Shows Increased Stake In Alibaba Group From 155,000 To 200,000 Shares; Increased Stake In JD.com From 250,000 To 500,000 Shares;  Increased Stake In Shift4 Payments From 100,000 To 150,000 Shares; Increased Stake In Baidu From 75,000 To 125,000 Shares; Increased Stake In Molina Healthcare From 24,530 To 30,000 Shares; Increased Stake In Olaplex Holdings From 995,250 To 1,000,000 Shares

Options

Scion Asset Management 13F Shows Added Put Position In JD.com With 500,000 Shares; Added Put Position In Alibaba Group With 168,900 Shares; Added Put Position In Baidu With 83,300 Shares

-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The new iRAG technology mitigates hallucinations in image generation, boosting the applicability of AI-generated images. -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miaoda is a no-code tool that enables users to build applications using simple natural language. -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ERNIE now handles 1.5 billion daily API calls, marking an exceptional 30-fold growth over the previous year.
SHANGHAI, Nov. 12, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ:&nbsp;<a href="https://www.prnewswire.com/news-releases/baidu-launches-ernie-4-0-foundation-model-leading-a-new-wave-of-ai-native-applications-301958681.html#financial-modal">BIDU</a>&nbsp;and HKEX: 9888), a leading AI company with strong Internet foundation, today hosted its annual flagship technology conference Baidu World 2024 in Shanghai. At the event, the company announced a range of new AI technologies and solutions to accelerate the boom of AI applications, featuring iRAG (Image-Based Retrieval-Augmented Generation), a new technology designed to tackle hallucinations in image generation, and Miaoda, a no-code tool that empowers businesses and individuals to create applications.

Baidu Unveils iRAG And No-Code Tool Miaoda To Drive AI Application Boom; New iRAG Technology Mitigates Hallucinations In Image Generation, Boosting The Applicability Of AI-Generated Images

U.S.-listed Chinese stocks Alibaba Group Holding. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV)&nbsp;continue a selloff on Tuesday as geopolitical tensions pose a dampener.
The Street remains disappointed with China&#8217;s fiscal stimulus. Donald Trump&#8217;s U.S. presidential election victory has also triggered concerns about higher tariffs for China.
Last week, China launched a <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">fiscal stimulus package</a> valued at 6 trillion yuan ($840 billion) to relieve local governments of their hidden debt burdens, lower than the Street&#8217;s expectations of 10 trillion yuan ($1.39 billion).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more" rel="noreferrer noopener">Shopify Q3 Earnings: Ninth Consecutive Quarter of Revenue Beat, GMV Up 24%, Positive Outlook And More</a>
Also, central authorities agreed to issue 800 billion yuan annually in special local government bonds, totaling 4 trillion yuan over the next five years.
The Street also factored in higher tariff risks as Trump, during his presidential campaign, promised to slap tariffs on Chinese imports by up to 60%.
Economic experts have voiced growing concerns about China&#8217;s economy following recent data releases and the anticipated impact of Trump&#8217;s presidency.
UBS revised its 2025 growth forecast for China downward, projecting an expansion of roughly 4%, with a steeper decline expected in 2026, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-11/chinese-stocks-face-pressure-as-fiscal-stimulus-underwhelms?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Nomura Holdings&#8217; Chetan Seth told Bloomberg that while China&#8217;s debt-swap plan exceeded initial expectations, the lack of measures to recapitalize banks or boost consumer spending will likely disappoint investors.
Foreign direct investment in China fell by nearly $13 billion in the year&#8217;s first nine months.
Price Actions: At the last check on Monday, BABA stock is down 4.05% at $91.56. JD is down 7.12%, BIDU is down 4.15%, NIO is down 9.20%.
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Photo by Khanthachai C on Shutterstock

What's Going On With US-Listed Chinese Stocks Trading Lower On Tuesday?

Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $115.14, with a high estimate of $139.00 and a low estimate of $100.00. Highlighting a 14.92% decrease, the current average has fallen from the previous average price target of $135.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1731430859_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Baidu among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Charlene Liu</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$100.00</td>
<td>-</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$105.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Rob Sanderson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Eddie Leung</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$117.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Thomas Chong</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$139.00</td>
<td>$174.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baidu. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Baidu compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Baidu's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Baidu's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BIDU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Baidu analyst ratings.</a>
<h2>Get to Know Baidu Better</h2>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Baidu's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Baidu faced challenges, resulting in a decline of approximately -0.37% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Baidu's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.19%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Baidu's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: Baidu's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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7 Analysts Assess Baidu: What You Need To Know

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Baidu shares are trading lower after Mizuho cut its price target on the stock from $130 to $115.

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Shares of US-listed Chinese stocks are trading lower in possible reaction to president-elect Trump's administration picks, which could raise concerns of a tougher China stance.

Chinese markets nosedived on Tuesday as news surfaced that President-elect Donald Trump is eyeing two China hawks, Sen. Marco Rubio (R-FL) and U.S. Rep. Mike Waltz (R-FL), for top <a href="https://www.benzinga.com/news/global/24/11/41893397/trump-reportedly-considers-marco-rubio-for-secretary-of-state-role-who-shares-similar-stance-for-china-but-says-stock-market-is-not-the-economy">roles in his administration.</a>
The potential appointments sparked fears of a tougher U.S. stance on China, sending the Chinese yuan tumbling and stock markets sharply lower in Shanghai and Hong Kong.
<h3 class="wp-block-heading">Yuan, Chinese Stocks Take a Beating</h3>
In currency markets, the yuan slid past 7.4250 against the U.S. dollar, a level not seen since early August. The Shanghai Composite dropped 1.39% to close at 3,422, while the Shenzhen Component fell 0.65% to 11,314. 
The Hong Kong Hang Seng Index had an even rougher day, plunging 580 points, or 2.8%, to finish at 19,847—its lowest close in six weeks.
This selloff comes amid growing concerns over a hardline shift in U.S.-China relations. Trump's rumored choice of Rubio, an outspoken critic of China, for Secretary of State, and Waltz, a NATO skeptic and China opponent, as national security adviser, suggests a more aggressive U.S. foreign policy toward Beijing.
If confirmed by the Senate, Rubio, who serves on the Senate Foreign Relations Committee, would be the first Latino to hold the position. Known for his hardline stance on China, Rubio has previously advocated for more stringent measures against Beijing on everything from trade to human rights issues.
Tech and insurance stocks bore the brunt of Tuesday's market rout in Hong Kong. Major Chinese firms saw their share prices sink, with Meituan, Lenovo, China Life Insurance and Semiconductor Manufacturing International recording daily losses between 5% and 8%. 
U.S.-listed Chinese companies also experienced sharp premarket declines in New York. At 8 a.m. ET, Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was down 3.1%, PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) dropped 2.8%, Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) fell 2.9%, and electric vehicle makers NIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NASDAQ">NIO</a>) and XPeng Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NASDAQ">XPEV</a>) tumbled 4% and 6%, respectively.
<h3 class="wp-block-heading">Weak Credit Data Adds to Market Woes</h3>
The political tension came on the heels of lackluster credit data in China, adding to investors&#8217; anxiety. October's new loans from Chinese banks totaled just 500 billion yuan—well below the forecast of 700 billion yuan and a sharp drop from September's figures. The disappointing credit numbers, coupled with the lowest monthly credit growth in 15 years, indicate that China's domestic demand remains fragile.
"China&#8217;s economy remains weak. The government seems to lack the will, or the way, to stimulate consumer demand," said veteran Wall Street strategist Ed Yardeni, president of Yardeni Research.
"China announced a $1.4 trillion financing package on Friday. That&#8217;s a big number, but it will mostly go to cleaning up and refinancing local government debt," Yardeni added, underscoring skepticism about Beijing's ability to spur economic growth.
David Morrison, senior market analyst at Trade Nation, attributed the market reaction to a "disappointing" fiscal stimulus package announced last week by the National People's Congress (NPC). "Investors continue to respond to the underwhelming fiscal stimulus… There's now the prospect of a huge rise in tariffs, both in size and scope, on exports to the U.S. as threatened by President-elect Donald Trump," Morrison said.
Bank of America analyst Anna Zhou echoed concerns about the limited impact of recent policy measures but sounded slightly more optimistic about the future.
"Weak loan growth for both households and corporates continues to underscore fragile domestic demand," Zhou said. 
"To turn credit demand around, more policy support is warranted. The recent pivot in policy stance has been a welcoming sign… we expect more measures to be rolled out in 2025 on both monetary and fiscal fronts, which could help stabilize demand and translate into better credit growth."
Read Next:
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</ul>
Photo: Shutterstock

Politics

Chinese Currency Hits 3-Month Low: Trump's Anti-China Cabinet Appointments Rattle Investors

Mizuho analyst James Lee maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Outperform and lowers the price target from $130 to $115.

Price Target

Mizuho Maintains Outperform on Baidu, Lowers Price Target to $115

Shares of U.S.-listed, China-based stocks ended the session mixed on Monday during more Chinese stimulus measures and uncertainty surrounding potentially higher tariffs from the incoming Trump administration. Here's a look at <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">what's going on. </a>
What To Know: The Chinese government announced another <a href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks">stimulus package</a> last Friday to include six trillion yuan ($840 billion) to ease local governments' hidden debt burdens. China-based stocks ended lower Friday after the new stimulus package failed to impress investors who expected over 10 trillion yuan ($1.39 billion) in financial support. 
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>
Additionally, President-elect Donald Trump pledged to raise tariffs on foreign goods, including import fees of up to 60% on Chinese-made goods entering the U.S. adding to the turmoil in the sector. China's economy is heavily dependent on manufacturing and exports which could decline under the proposed tariff hikes. 
Elizabeth Economy, a senior fellow at the Hoover Institution, told Bloomberg TV that while Trump's proposed 60% tariffs would <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">significantly impact</a> China's economy, the challenge could favor China's growth in the long term.
"China is probably looking at the return of Donald Trump as short-term pain, but potentially long-term strategic gain," Economy said.&nbsp;
China is reportedly<a href="https://www.benzinga.com/markets/equities/24/11/41867397/xi-jinping-courts-us-allies-to-counter-trumps-trade-threats-report"> considering implementing</a> a "unilateral opening" strategy to counter the tariffs by offering tariff cuts, visa exemptions and other incentives to U.S. allies in Europe and Asia.&nbsp;
Price Action: Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) rose Monday after the <a href="https://www.benzinga.com/pressreleases/24/11/b41886960/taobao-and-tmalls-11-11-shopping-festival-records-robust-growth">companies reported</a> "robust growth" resulting from their Singles' Day sales promotions. However, Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and PDD Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) ended the session lower amid the ongoing uncertainty. 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Photo: Shutterstock

What's Going On With China-Based Stocks Alibaba, JD.com, PDD Holdings, Baidu, Nio?

In response to President-elect Donald Trump&#8217;s threats to <a href="https://www.benzinga.com/24/11/41867032/trumps-tariff-plans-on-canadian-goods-would-inevitably-hurt-american-workers-warns-justin-trudeau">isolate Chinese goods from the U.S. market,</a> China is reportedly seeking to engage U.S. allies in Europe and Asia to mitigate the potential impact on its economy.
What Happened: Trump&#8217;s campaign promise to <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">impose tariffs of up to 60% on Chinese imports </a>poses a significant threat to Xi Jinping&#8216;s economic model, which is heavily reliant on manufacturing and exports, <a href="https://www.wsj.com/world/china/china-courts-u-s-allies-as-defense-against-trumps-protectionism-e574714e">reported</a> The Wall Street Journal on Thursday.
To counter this, the Chinese leadership is reportedly considering offering tariff cuts, visa exemptions, and other incentives to U.S. allies in Europe and Asia. This strategy, termed &#8220;unilateral opening,&#8221; represents a shift from China&#8217;s traditional quid-pro-quo approach to economic and diplomatic deals.
See Also: <a href="https://www.benzinga.com/general/health-care/24/11/41843261/kentucky-gov-beshear-the-jury-is-no-longer-out-kentuckians-want-medical-cannabis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kentucky Gov. Beshear: &#8216;The Jury Is No Longer Out,&#8217; Kentuckians Want Medical Cannabis</a>
Despite this, China faces resistance from U.S. allies, with the European Union (EU) expressing discontent over China&#8217;s support for Russia&#8217;s actions in Ukraine. Meanwhile, U.S. allies in Asia, such as Japan, South Korea, and the Philippines, are growing increasingly wary of China&#8217;s assertive behavior.
China has already lifted visa restrictions for travelers from over 20 nations, including Australia, New Zealand, Denmark, Finland, and South Korea. Additionally, the country is contemplating significant tariff reductions in various industries, including electrical and telecommunications equipment, seafood, and agricultural products. These moves are seen as part of China&#8217;s broader strategy to stimulate economic growth and strengthen its trade relations.
Chinese Premier Li Qiang stated at a trade fair in Shanghai that China would continue to pursue unilateral opening to provide opportunities for foreigners to access the Chinese market.
Why It Matters: Through this new strategy, Beijing aims to capitalize on fears in Europe and Asia that <a href="https://www.benzinga.com/markets/24/11/41855784/as-trumps-return-to-white-house-china-plans-new-stimulus-package-to-protect-economy-from-us-trade-po">Trump will revive his often hostile</a> rhetoric against U.S. allies. By taking the initiative, China hopes to increase pressure on the U.S. and attempt to divide its allies.
Trump&#8217;s victory in the U.S. presidential election has also led to a decline in <a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">U.S.-listed Chinese stocks</a>, with analysts warning of a potential escalation in U.S.-China tensions and its impact on trade policies. Major U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ: JD), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE: NIO), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE: XPEV) were trading lower in the U.S. after Trump's victory.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock After Trump Win</a>
Photo by Gil Corzo on Shutterstock

General

Xi Jinping Courts US Allies To Counter Trump's Trade Threats: Report

NTES

Shares of Chinese stocks are trading lower despite a Chinese stimulus measure. Chinese stocks have been on watch following the US election as investors assess the potential impact of president-elect Trump's policies.

Investors with a lot of money to spend have taken a bullish stance on Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BIDU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 19 uncommon options trades for Baidu.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 36%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $222,741, and 16 are calls, for a total amount of $879,853.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $115.0 for Baidu, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Baidu's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Baidu's substantial trades, within a strike price spectrum from $70.0 to $115.0 over the preceding 30 days.
<h3>Baidu Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731083437_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.1</td>
<td>$5.8</td>
<td>$6.0</td>
<td>$100.00</td>
<td>$300.6K</td>
<td>1.8K</td>
<td align="right">507</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.65</td>
<td>$5.55</td>
<td>$5.6</td>
<td>$90.00</td>
<td>$140.0K</td>
<td>4.1K</td>
<td align="right">913</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.95</td>
<td>$5.9</td>
<td>$5.95</td>
<td>$100.00</td>
<td>$59.5K</td>
<td>1.8K</td>
<td align="right">616</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$20.9</td>
<td>$20.7</td>
<td>$20.9</td>
<td>$70.00</td>
<td>$58.5K</td>
<td>249</td>
<td align="right">29</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.1</td>
<td>$3.95</td>
<td>$4.1</td>
<td>$85.00</td>
<td>$55.7K</td>
<td>7.2K</td>
<td align="right">161</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
In light of the recent options history for Baidu, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Baidu Standing Right Now?</h3>
<ul>
<li>With a volume of 1,822,533, the price of BIDU is down -4.74% at $89.09. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Baidu, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Baidu's Options Activity: What's the Big Picture?

China&#8217;s central government announced a new fiscal stimulus package worth 6 trillion yuan ($840 billion) to ease local governments&#8217; hidden debt burdens. This expansive financial program, set to be implemented by the end of 2026, marks a significant move by Beijing to address mounting economic pressures and revive growth amid global uncertainties.
The new stimulus plan, confirmed by China&#8217;s Minister of Finance Lan Fo&#8217;an, will allocate around 2 trillion yuan annually to local authorities, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/08/china-expected-to-announce-highly-anticipated-fiscal-stimulus-package.html" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41812585/datadog-beats-q3-estimates-margins-show-mixed-results" rel="noreferrer noopener">Datadog Beats Q3 Estimates, Margins Show Mixed Results</a>
Additionally, central authorities will issue 800 billion yuan annually in special local government bonds, totaling 4 trillion yuan over the next five years. These measures are part of a broader strategy to reduce local hidden debt from 14.3 trillion yuan to 2.3 trillion yuan by 2028.
U.S.-listed Chinese stocks&nbsp;Alibaba Group Holding.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;NIO Inc.&nbsp;(NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV)&nbsp;are trading lower Friday as the stimulus failed to impress the Street <a target="_blank" href="https://www.benzinga.com/government/24/11/41806635/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-thursday" rel="noreferrer noopener">which expected over</a> 10 trillion yuan ($1.39 billion) in financial support, focused on local government debt and real estate.
The financial package comes as the Chinese economy faces lingering challenges, including a real estate market slump and weaker local government revenues post-pandemic. During a press briefing, Minister Lan emphasized the urgency of addressing hidden local debts, which have ballooned to an estimated 50-60 trillion yuan ($7-8.4 trillion), according to projections by Nomura. This new initiative aims to help local governments manage interest payments, potentially saving up to 300 billion yuan annually.
China&#8217;s parliament, the National People&#8217;s Congress, is expected to formally approve the increased debt issuance quotas during its current legislative session. The move follows recent stimulus discussions led by President Xi Jinping and earlier efforts by the People&#8217;s Bank of China, which included interest rate cuts to support the economy. Market analysts anticipate heightened fiscal support after Donald Trump&#8217;s election, which may reignite trade tensions between the U.S. and China.
China aims to counter potential <a target="_blank" href="https://www.benzinga.com/government/24/11/41806635/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-thursday" rel="noreferrer noopener">&#8220;Trump shocks&#8221; on trade</a> with its latest fiscal move.
After Trump&#8217;s victory, Chinese stocks declined while U.S. markets surged. During his campaign, Trump suggested boosting tariffs on Chinese imports by up to 60%. Such hikes might slash Chinese exports to the U.S. by around $200 billion and cut one percentage point from China&#8217;s GDP, according to former economic planning official Zhu Baoliang, cited by CNBC.
Price Actions:&nbsp;At the last check on Friday, BABA stock is down 3.28% at $96.86 premarket. JD is down 3.44%, BIDU is down 2.20%, NIO is down 2.26%, LI is down 4.96%, and XPEV is down 2.74%.
Also Read:
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</ul>
Photo Via Shutterstock

China's Stimulus Plan Not Enough To Ignite Stocks

Shares of US-listed Chinese stocks are trading higher amid potential hopes of a China economic stimulus following Trump's election victory.

Chinese artificial intelligence (AI) companies, including tech giants Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance, are investing heavily in advertising to gain a foothold in the competitive AI market.
In the third quarter alone, these companies spent over 500 million yuan ($70.2 million) on promotional campaigns for various AI applications, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3285132/chinese-ai-firms-are-splurging-ads-report-finds-chatbot-market-gets-crowded" rel="noreferrer noopener">reports</a>.
Among the big spenders, Alibaba allocated nearly 200 million yuan to promote Quark, a cloud storage and online search platform enhanced with generative AI features.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755579/fidelity-national-information-services-banking-capital-markets-growth-drive-optimis" rel="noreferrer noopener">Fidelity National Information Services' Banking, Capital Markets Growth Drive Optimism, Analysts Say</a>
Spending on its ChatGPT-like service, Tongyi Qianwen, was notably lower at 4.5 million yuan. A Tongyi Qianwen spokesperson disputed this figure, SCMP says.
The significant marketing budgets have sparked concerns within China about the sustainability of such high spending.
Chinese AI startup Moonshot AI, backed by Alibaba and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), is among the top ad spenders, with approximately 150 million yuan devoted to promoting its chatbot.
The company's substantial ad budget reflects the increasingly crowded AI market, where hundreds of chatbots are vying for user attention. However, a source close to Moonshot told the SCMP that AppGrowing's data on the company's ad spending is exaggerated.
Yan Junjie, CEO of Shanghai-based AI firm MiniMax, highlighted a fundamental difference in strategy between Chinese and U.S. AI companies.
While American companies rely on product capabilities to attract users, Chinese companies heavily invest in online marketing to differentiate their offerings.
Chinese tech giants Alibaba, Tencent, and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) spent $7 billion on AI-focused infrastructure and processors in the first half of this year, a significant rise from last year.
Despite increased spending, China's AI capital investments lag behind U.S. firms like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which <a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">spent $106 billion</a>. Wedbush analyst Dan Ives <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">projected $1 trillion</a> in AI capital spending by U.S. tech giants, with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) a key beneficiary.
Price Action: BABA stock traded lower by 2.93% at $96.31 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com//node/41773691" target="_blank" rel="noreferrer noopener">US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump's Win &#8211; What's Going On?</a></li>
</ul>
Photo courtesy: Shutterstock

GOOGL

Alibaba's AI Strategy: Massive Ad Spend to Dominate Crowded Market

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Michael Burry's Scion fund exits BioAtla, boosts Alibaba stake, adds puts: top Q3 trades

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>) just reported results for the second quarter of 2024.<ul><li>Baidu reported earnings per share of $2.89. This was above the analyst estimate for EPS of $2.58.</li><li>The company reported revenue of $4.67 billion.</li><li>This was worse than the analyst estimate for revenue of $4.70 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	
	The post <a href="https://investorplace.com/earning-results/2024/08/bidu-stock-earnings-baidu-for-q2-of-2024/">BIDU Stock Earnings: Baidu Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BIDU Stock Earnings: Baidu Beats EPS, Misses Revenue for Q2 2024

Michael Burry, a hedge fund manager who became famous thanks to his "Big Short" against the housing bubble in 2008, revealed his recent moves in a ...

Michael Burry Boosts His Bet on Chinese Stocks in Q3

Michael "the Big Short" Burry boosted his exposure to China stocks including Alibaba, Baidu, and JD.com in the third quarter as Beijing rolled out a stimulus blitz. But he also added new bearish options that would provide downside protection.

"Big Short" Michael Burry Boosts China Exposure, But Adds Hedges: 13F

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Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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