$BIDU Baidu Inc Deep Dive and 2024 Outlook

The stock is on a downward trend for 2 years

Baidu Inc. is a Chinese multinational technology company specializing in Internet-related services and artificial intelligence. Founded in 2000 by Robin Li and Eric Xu, Baidu is best known for its search engine, which is the largest in China and the second-largest in the world after Google. Baidu offers a wide range of products and services, including:

• Baidu Maps: a web mapping, navigation, and location-based service application

• Baidu Cloud: a cloud computing and cloud storage service

• Baidu AI: a suite of artificial intelligence technologies, including natural language processing, speech recognition, and computer vision

• Baidu Apollo: an open-source autonomous driving platform

• iQIYI: a video streaming platform, often referred to as the "Netflix of China"

The company generates revenue through online marketing services, which accounted for over 70% of its total revenue in 2022. Baidu operates primarily in China, where it holds a dominant market position in search and other internet services. The company has also expanded internationally, particularly in Southeast Asia and the Middle East.

The big questions for Baidu

1. How will Baidu fare against competitors like Alibaba and Tencent in 2024?

2. How will Baidu's cloud revenue outgrow competitors due to AI products?

3. How will Baidu overcome cultural and regulatory hurdles to succeed in new markets?

4. Can Baidu maintain its market share in core areas like search and online advertising?

5. What is BIDU 0.00%↑ plan for AI?