China's PMIs Show Glimmers of Improvement Ahead of NPC

WSJ02:37 ET

[Brokerage Focus] Bocom Intl cuts Baidu (09888) target price, expecting third-quarter core business revenue to be under pressure.

King's Financial News | Bocom Intl releases a preview of Baidu (09888)'s 3rd quarter performance, expecting Baidu's core revenue to decrease by 0.8% year-on-year, revised down from 2.6% previously, mainly due to pressure on advertising business growth. It is expected that Baidu (including IQiyi) will see a 3% year-on-year revenue decline, with a net margin adjusted to 19%. The bank points out that Baidu's core business revenue growth will face further pressure in the 3rd quarter. 1) Advertising: The bank expects revenue to decline by 4.4% year-on-year, revised down from 3.6% previously, mainly due to some industry advertisers still having relatively weak demand, and the large-scale monetization of user-side AI search transformation has not yet begun. 2) Cloud: Maintaining double-digit growth forecasts.

Golden Guardian Financial News21:08 ET

Baidu, Inc. (NASDAQ:BIDU) Faces Investor Concerns Over AI Ambitions, Stock Volatility

Yahoo FinanceOct 29 11:52 ET

Express News | China Plans to Approve Raising of Fresh 10 Trillion Yuan Debt via Special Treasury, Local Government Bonds in Next Few Years. China Might Announce Stronger Fiscal Package if Trump Wins U.S. Presidential Election.

ReutersOct 29 04:29 ET

Omdia: It is expected that the Asia-Pacific generative AI market will reach 24.2 billion by 2025 and nearly double by 2028.

The large-scale model market in china has emerged from the initial chaos after twenty months of baptism. The layouts of major manufacturers are becoming clearer, preparing for a new round of growth.

Zhitong FinanceOct 29 01:42 ET

The internet plus-related sector is showing strong performance. jd.com (09618) rose by 3.86%. UBS Group indicated that competition in the industry has tended to ease.

Golden Finance News | The internet sector is showing strong performance, jd.com (09618) up 3.86%, Meituan (03690) up 3.73%, baidu (09888) up 3.56%, netease (09999) up 3.15%, alibaba (09988) up 2.17%.

Jinwu Finance NewsOct 28 22:42 ET