Lates News

Goldman Sachs released a research report stating that it maintains a "buy" rating on Baidu Group - SW (09888, BIDU.US). The bank believes that Baidu has deeply reshaped its search business by mid-2025. Cloud business should remain robust driven by strong demand for artificial intelligence and the recurring subscription model. Baidu Apollo is rapidly expanding its fleet globally, and as the scale further expands and begins to adopt a profitable business model, the bank believes the market will start to look favorably on its unmanned taxi business.