Lates News

Citigroup research report stated that Baidu's revenue for the rest of this year may be affected by its advertising business. Looking ahead to the second half of the year, with artificial intelligence-generated content increasing to 64% in July, Citigroup predicts that Baidu's core advertising revenue in the third quarter will decrease by 23% year-on-year. Citigroup maintains a buy rating on Baidu's stock due to the promising development momentum of its cloud business and autonomous driving taxi business. Citigroup raised the target price for Baidu's American Depositary Receipts from $140.00 to $143.00.