Baidu has been evolving from a mobile-first to an artificial-intelligence-first company. The company has been facing competition from other Internet companies, particularly Alibaba and Tencent. In the near term, margins will remain under pressure due to aggressive content spending and talent acquisition costs for AI personnel.
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in artificial intelligence, as well as merger and acquisition opportunities.
www.finstead.com/bit...preview-july-24-2018
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in artificial intelligence, as well as merger and acquisition opportunities.
www.finstead.com/bit...preview-july-24-2018