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Before Tesla entered the game, Luobu Kuaipao provoked domestic robotaxi competition | Jianzhi Research.
The domestic Robotaxi is gradually forming a dual competition pattern between internet-related companies and travel service companies.
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Brokerage Focus: Guosheng Securities maintains a buy rating on baidu (09888), pointing out that AI will have limited contribution to cloud business in the short term and will be the core growth point in the long term.
According to Guosheng Securities, Baidu Group (09888) achieved a quarterly revenue of 31.5 billion yuan in 2024Q1, an increase of 1% year-on-year. In Baidu's core business, online marketing advertising revenue is about 17 billion yuan, a year-on-year increase of 3%, with a slower growth rate. Intelligent cloud and other business revenue was 6.8 billion yuan, a year-on-year increase of 6%. The bank determined that the downstream enterprise's tightening of IT spending affected the demand for cloud. The company's non-GAAP net income attributable to its mother was 7.01 billion yuan this quarter, with a non-GAAP net income attributable to its mother rate of about 22%. The bank pointed out that the short-term benefit of cloud business from AI is still limited, but the incremental AI is certain.
The online car-hailing regulatory information exchange system received a total of 0.971 billion orders in June, an increase of 2.9% compared to the previous month.
According to the statistics of the online car-hailing regulation information exchange system, as of June 30, 2024, there are a total of 354 online car-hailing platform companies that have obtained online car-hailing platform operation licenses nationwide, an increase of 3 compared with the previous period.
Baidu Inc. (BIDU) Dips More Than Broader Market: What You Should Know
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