$BIDU-SW(09888)$ $Baidu(BIDU)$
This looks more like it for a business that banks on its growth business unit. A +42% growth for it's AI cloud division is a pass. However, Apollo Go's rides were cumulatively only 11m rides is very concerning that Wayne added 5m in just the last 5 months with much more restrictive regulatory environment in US compared to what Apollo faced in China. Another point of concerns is it's search business with -6% yoy growth doesn't bodes well for it . It's widely known that Chinese people searches on Douyin (Tiktok). To me, it's a mix but the AI cloud business ,& ecosystem is in a growth stage for sure.
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