BIDU / 9888.HK: Continuing To Focus On AI and Autonomous Driving Investments While Better Operating Its Content
BIDU will report 2Q21 results on August 12th before the markets open with an 8:00am EST conference call. Based on our data and model, BIDU’s 2Q21E total revenue is likely to be at least in line with consensus at RMB30,964M (18.9% Y/Y growth) driven by the continued recovery of China’s economy and BIDU’s innovative initiatives. BIDU continues to invest heavily in new areas to capture the new frontier of technological development and to diversify its business beyond search. While some of these businesses are still in relatively early stages of monetization including its AI and no-man driving businesses, they are in the phase of rapid growth.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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