The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.

Chinese internet giant Baidu said on Tuesday (Feb 25) it had purchased social media platform JOYY Inc’s livestreaming business for US$2.1 billion, a year after it cancelled a deal partly because it failed to get government approval.

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

The Beijing-based internet company said Tuesday that fourth-quarter revenue fell 2.4%, better than analysts’ estimates.

China and Hong Kong markets faced setbacks with key tech stocks dropping amid rising U.S. tariff concerns. The Hang Seng Tech Index saw dips, despite previous streaks of gains influenced by strong earnings and AI optimism.

Tencent (TCTZF) stock rallied to a three-year high as news of it carrying out testing with DeepSeek fueled optimism among investors, while

Q4 2024 Earnings Call Transcript February 18, 2025 Operator: Hello and thank you for standing by for Baidu’s Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

China and Hong Kong stocks stumbled on Tuesday, with a sell-off in tech heavyweights and escalating U.S. tariff risks pulling down the markets. The Hang Seng Tech Index came off its lows to be down just 0.

Hong Kong stocks rally on AI optimism, while mainland China markets edge higher amid lingering trade war fears.

Baidu Share Slide Wipes $2.4 Billion off Market Value Amid Speculation Over Xi Meeting HONG KONG (Reuters) - The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market ...

HONG KONG (Reuters) - The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare ...