Baidu is back with $80bn rally, electric car ambition ...Qatar

For two decades, Baidu Inc has largely been viewed as an online marketing company selling ads within its web search results. Now, the Internet company is ready to make the case that it has more to offer. Shares of China’s largest search engine firm have surged nearly threefold since their mid-March lows, when the worst of the Covid-19 pandemic forced marketers and brands to tighten their budgets. Since then, advertising has staged a recovery, while Baidu’s years of investments in artificial intelligence is starting to bear fruit as it monetises the technology in electric vehicles and smart speakers. The rally has emboldened the 21-year-old company to tap capital markets with a slew of fin

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Last updated : 17 February 2021 clock 10:00 PM

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Baidu is back with $80bn rally, electric car ambition ...Qatar

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