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Brokerage focuses on tianfeng securities maintain the buy rating for baidu (09988), expecting Wenshen ecology to empower new opportunities for cloud business.
Tianfeng Securities released research reports stating that Baidu Q1 2024 core revenue was 23.8 billion yuan, a YoY growth of 3.5%, of which online marketing revenue was 17.1 billion yuan, a YoY growth of 3%. The main reason for the unexpected performance was that the macroeconomic recovery was not as expected, and the visibility of advertising clients' improvements was limited. The bank expects online marketing revenue to remain basically stable in the next few quarters. The company announced its cooperation with Samsung and Honor smart phones and joined Oppo, Vivo, Xiaomi and other smart phone manufacturers, as well as Lenovo and Nio Inc in Q4 2023.
Jim Cramer Says You 'Have To' Hold Alibaba Group (BABA)
Alibaba Options Spot-On: On July 11th, 226.83K Contracts Were Traded, With 2.35 Million Open Interest
On July 11th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 226.83K options for the day, of which put options accounted for 25.58% of the total transactions, and
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Alibaba's (BABA) Generative AI Efforts to Boost AIDC Segment
Competition among cloud giants intensifies! Google (GOOG.US) is exploring the option to license as a challenge against Microsoft's (MSFT.US) licensing.
Google Cloud is exploring choices to fight against Microsoft's licensing practices.
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besteverthin : need to keep on average down.