La vendita allo scoperto per Baidu dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Baidu. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Baidu (NASDAQ:BIDU) Azioni, Report sulle vendite allo scoperto

Baidu

Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share

Baidu Inc

On Thursday, Baidu, Inc&nbsp;(NASDAQ:&nbsp;BIDU) reported&nbsp;fiscal third-quarter&nbsp;revenue of $4.78 billion, down 3% year-on-year, topping the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42105682/baidu-announces-third-quarter-2024-results" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $4.69 billion</a>.&nbsp;
Baidu&#8217;s adjusted earnings per ADS&nbsp;of $2.37 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.35</a>. The stock price slid after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/11/42088437/qualcomm-targets-900-billion-market-by-2030-big-bets-on-iot-and-automotive" rel="noreferrer noopener">Qualcomm Targets $900 Billion Market by 2030: Big Bets on IoT and Automotive</a>
Segments:&nbsp;Baidu&#8217;s Core revenue remained flat year over year at $3.78 billion; Online marketing revenue declined by 4% year over year to $2.68 billion. Non-online marketing revenue&nbsp;grew 12% year over year to&nbsp;$1.10 billion, driven by the AI Cloud business.&nbsp;
Revenue from&nbsp;IQIYI, Inc&nbsp;(NASDAQ:&nbsp;IQ) decreased 10% year over year to $1.03 billion, beating the analyst consensus estimate of $1.02 billion.&nbsp;
Baidu&#8217;s SG&amp;A expenses were $836 million, up by 2% year over year, primarily due to an increase in channel spending and promotional marketing expenses. R&amp;D expenses declined 12% year over year to $765 million, primarily due to a decrease in personnel-related expenses.&nbsp;&nbsp;
Baidu&#8217;s adjusted EBITDA margin declined 200 bps to 26%, and its Core adjusted EBITDA margin&nbsp;decreased by 100 bps to 31%. As of September 30, 2024, Baidu had $20.59 billion in cash and equivalents and generated $376 million in free cash flow.&nbsp;
Co-founder and CEO Robin Li said Baidu Core&#8217;s flat third-quarter revenue reflected ongoing weakness in the online marketing business, balanced by growth in the AI Cloud segment.
Strong AI capabilities gained broader market recognition, with ERNIE seeing increased adoption. Apollo Go maintained its leadership in the global autonomous ride-hailing market, achieving a milestone as the sixth-generation autonomous vehicle began operating on public roads in multiple Chinese cities.
Despite near-term challenges, Baidu remains committed to its AI-focused strategy, aiming to scale AI and drive innovation for consumers, enterprises, and society.
Interim CFO Junjie He said Baidu&#8217;s strict cost control measures supported stable operating margins for Baidu Core in the third quarter, with further cost optimizations across business units.
AI Cloud sustained healthy growth, and Apollo Go&#8217;s operational progress reinforced confidence in the fully autonomous ride-hailing business model.
Baidu&nbsp;stock plunged 25% year-to-date as it grappled with a weak economy, U..S. semiconductor sanctions on China.
Price Action: At the last check on Thursday, BIDU stock traded lower by 2.25% at $84.80 in the premarket session.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42092265/stmicroelectronics-targets-18-billion-revenue-eyes-22-24-margins-by-2028" target="_blank" rel="noreferrer noopener">STMicroelectronics Targets $20 Billion Revenue By 2030, Unveils 2027 Goals</a></li>
</ul>
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Baidu's Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins

Baidu Q3 Adj EPADS $2.37 Beats $2.35 Estimate, Sales $4.78B Beat $4.69B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $690.99 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.53 million. 
• Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.60 billion. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $538.05 million. 
• Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is projected to report quarterly loss at $0.38 per share on revenue of $47.65 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $5.11 billion. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $85.44 million. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its third quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $316.23 million. 
• Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $748.32 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $1.02 billion. 
• GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) is likely to report earnings for its third quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $2.82 per share on revenue of $14.47 billion. 
• Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is projected to report quarterly earnings at $3.87 per share on revenue of $9.35 billion. 
• KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $3.23 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $2.35 per share on revenue of $4.69 billion. 
• Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is likely to report earnings for its third quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $1.01 per share on revenue of $2.85 million. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its third quarter. 
• RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is projected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $1.10 billion. 
• UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is likely to report quarterly loss at $0.29 per share on revenue of $1.65 billion. 
• Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $440.46 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $3.81 billion. 
• Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $25.93 million. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $354.28 million. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $5.15 billion. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.64 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is estimated to report quarterly earnings at $2.36 per share on revenue of $3.14 billion. 
• Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter. 
• Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is expected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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GEOS

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LGTY

MATW

NGVC

NNOX

NTAP

Citigourp Global Markets 2% Protected Notes Linked To The Djia

REAL

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ROST

SCVL

VSTS

Earnings Scheduled For November 21, 2024

Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) will report its third-quarter earnings on Thursday. Wall Street expects $2.35 in earning per share and $4.69 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=BIDU" target="_blank" rel="noreferrer noopener"> before market hours</a>.
The stock is down 22.24% over the past year, 24.97% year-to-date.
Let&#8217;s look at what the charts indicate for Baidu stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/24/11/42032495/alibaba-eyes-5-billion-bond-sale-to-fund-debt-payoff-and-stock-buybacks">Alibaba Eyes Raising $5 Billion Via Bond Sale to Fund Debt Payoff and Stock Buybacks</a>
<h2 class="wp-block-heading">Baidu Stock In Strongly Bearish Trend </h2>
Baidu stock is navigating a strongly bearish trend as its current share price sits below its five, 20 and 50-day exponential moving averages.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM.png" alt="" class="wp-image-657204" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Despite this, Baidu is experiencing subtle buying pressure, offering a glimmer of bullish potential.
The stock trades just above its eight-day simple moving average (SMA) of $85.52, signaling a short-term bullish outlook. However, longer-term indicators tell a different story: the 20-day SMA at $88.97, 50-day SMA at $93.81 and 200-day SMA at $96.27 all reflect bearish signals. 
The MACD indicator of a negative 2.51 underscores the downward momentum, while the RSI of 41.65 suggests the stock is approaching oversold territory, hinting at potential support levels ahead.
<h2 class="wp-block-heading">Baidu Analysts See 23% Upside</h2>
Ratings &amp; Consensus Estimates: <a href="https://www.benzinga.com/quote/BIDU/analyst-ratings" target="_blank" rel="noreferrer noopener">The consensus analyst rating</a> on Baidu stock stands at a Buy currently with a price target of $151.95. Recent analyst ratings from Mizuho, HSBC and Susquehanna suggest a 22.99% upside for Baidu stock, with a $106.67 average price target.
Price Action: Baidu stock was trading at $86.52 per share, up 58%, at last check Wednesday. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">Peter Thiel Says Trump&#8217;s 60% China Tariff Would Be &#8216;Very, Very Bad&#8217; For Beijing, Here&#8217;s What&#8217;s At Stake</a></li>
</ul>
Image: Shutterstock

Technicals

Previews

Trading Ideas

Can Baidu Break Bearish Spell? Buying Pressure Shows Bullish Pre-Earnings Potential

Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is preparing to release its quarterly earnings on Thursday, 2024-11-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Baidu to report an earnings per share (EPS) of $2.35.
Baidu bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.31, leading to a 0.1% drop in the share price on the subsequent day.
Here's a look at Baidu's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.58</td>
<td>2.30</td>
<td>2.48</td>
<td>2.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.89</td>
<td>2.76</td>
<td>3.08</td>
<td>2.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-2.0%</td>
<td>-2.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732111238_0.png" alt="eps graph" />
<h3>Tracking Baidu's Stock Performance</h3>
Shares of Baidu were trading at $86.02 as of November 19. Over the last 52-week period, shares are down 30.29%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on Baidu</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Baidu.
With 7 analyst ratings, Baidu has a consensus rating of Buy. The average one-year price target is $115.14, indicating a potential 33.85% upside.
<h3>Peer Ratings Comparison</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Pinterest, Snap and IAC, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For Pinterest, analysts project an Outperform trajectory, with an average 1-year price target of $40.67, indicating a potential 52.72% downside.</li>
<li>For Snap, analysts project an Neutral trajectory, with an average 1-year price target of $12.83, indicating a potential 85.08% downside.</li>
<li>IAC is maintaining an Buy status according to analysts, with an average 1-year price target of $80.29, indicating a potential 6.66% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
In the peer analysis summary, key metrics for Pinterest, Snap and IAC are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reddit</td>
<td>Buy</td>
<td>67.87%</td>
<td>$313.72M</td>
<td>1.54%</td>
</tr>
<tr>
<td>Pinterest</td>
<td>Outperform</td>
<td>17.71%</td>
<td>$710.92M</td>
<td>1.00%</td>
</tr>
<tr>
<td>Snap</td>
<td>Neutral</td>
<td>15.48%</td>
<td>$733.67M</td>
<td>-7.17%</td>
</tr>
<tr>
<td>IAC</td>
<td>Buy</td>
<td>-15.53%</td>
<td>$680.91M</td>
<td>-4.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Baidu ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Baidu is at the top.
<h3>Unveiling the Story Behind Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Financial Insights: Baidu</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Baidu's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.37%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Baidu's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Baidu's ROE excels beyond industry benchmarks, reaching 2.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Baidu's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.
<a href="https://www.benzinga.com/quote/BIDU/earnings">To track all earnings releases for Baidu visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Baidu's Earnings

By Lee Shih Ta
&ldquo;Without innovation and technology, there is no future&rdquo; says John Lee Ka-chiu, Hong Kong&rsquo;s leader. As a global financial and commercial hub, Hong Kong has been transforming itself into a technology-driven innovation center in recent years, in line with Mainland China&rsquo;s policy of cultivating &ldquo;new productive forces&rdquo; and creating a new driving force for development led by technology. Through its steady accumulation of capital and introduction of talent focused on key industries, an ecosystem of &ldquo;patient capital&rdquo; is rapidly taking shape.
&ldquo;Patient capital&rdquo; refers to capital that has a longer-term outlook on returns and a higher tolerance for risk. It doesn&rsquo;t prioritize short-term gains, but instead puts more focus on projects or investment activities with long-term returns. And investment plans don&rsquo;t get derailed by short-term market fluctuations.
Hong Kong&rsquo;s financial markets have always been a rich source of direct financing for the Mainland&rsquo;s technology companies, attracting global patient capital to participate in such investment while promoting international exchange and cooperation. The city has become an important place where domestic and foreign &ldquo;patient capital&rdquo; can come together.
<h3>Technology-Driven At The Core</h3>
Science and technology are at the heart of Hong Kong&rsquo;s ambitions. But such ambitions have sputtered for years in the city due to factors like high office rents and human resource costs. Compared with neighboring Guangzhou and Shenzhen, Hong Kong was never a first choice for world-class technology companies and talent. However, the city is trying to change that by adopting a more proactive approach in recent years.
The current Hong Kong administration has made plans to actively promote such companies from its first day. It established Hong Kong Investment Corp. Ltd. in 2022 and launched its HK$30 billion ($3.85 billion) &ldquo;Co-investment Fund&rdquo; and integrated &ldquo;Hong Kong Growth Portfolio,&rdquo; as well as its &ldquo;Greater Bay Area Investment Fund&rdquo; and &ldquo;Strategic Tech Fund.&rdquo; Such funds will invest in enterprises or projects that can enhance Hong Kong&rsquo;s competitiveness and industrial diversification.
The Hong Kong government also established a New Industrialization Development Office in 2023 and set up a HK$10 billion New Industrialization Acceleration Scheme. It is currently preparing to set up a third InnoHK research cluster focused on innovation-driven R&amp;D. And Lee announced the establishment of a HK$10 billion &ldquo;Innovation and Technology Industry Oriented Fund&rdquo; in his latest policy address.
<h4>Star Companies Settle In Hong Kong</h4>
In November 2024, the Hong Kong government signed contracts with a third batch of 17 key enterprises that agreed to set up bases in the city, including intelligent speech technology company&nbsp;iFlytek&nbsp;(002230.SZ), life and health technology company&nbsp;Pharmaron&nbsp;(3759.HK; 300759.SZ), and advanced manufacturing company&nbsp;Pudu Robotics. So far, 62 key enterprises from three batches have signed contracts to set up operations in Hong Kong, which is expected to bring a total investment of about HK$42 billion and create more than 17,000 jobs.
Meanwhile, Hong Kong financial markets continue to play their role, attracting a growing number of &ldquo;companies with new productive forces.&rdquo; Many of those were on display at the recently held 11th edition of the &ldquo;Top 100 Hong Kong Listed Companies&rdquo; awards, which included companies with the greatest potential for developing &ldquo;new productive forces.&rdquo;
The event&rsquo;s main list of &ldquo;Top 100 Comprehensive Strength&rdquo; companies selects publicly traded firms with strength across five areas, including trading volume, total market value, profits, return on equity and total return rate. The average operating revenue of the listed companies on the list is HK$340 billion, the average net profit after tax is HK$40 billion, and the average ROE is 15.35%. Companies on the shortlist all showed strong profitability.
In addition to industry giants&nbsp;Tencent&nbsp;(0700.HK),&nbsp;Alibaba&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>), and&nbsp;Baidu&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>), the list also includes electric automakers&nbsp;Li Auto&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) and&nbsp;Xiaomi&nbsp;(1810.HK), biotech companies&nbsp;Akeso&nbsp;(9926.HK) and&nbsp;WuXi AppTec&nbsp;(2359.HK; 603259.SH), as well as other internet companies like&nbsp;Meituan&nbsp;(3690.HK) and&nbsp;Trip.com&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcom#NASDAQ">TCOM</a>).
The list demonstrates how the Hong Kong Stock Exchange has helped to nurture some of China&rsquo;s most innovative technology companies, and Hong Kong financial markets will continue to provide access to capital for such innovative technology companies.
Hong Kong is embracing a new era of innovation led by technology industries and the development of the real economy, said Lillian Cheong Man Lei, the city&rsquo;s undersecretary for Innovation, Technology and Industry. The Hong Kong government has invested tens of billions of Hong Kong dollars on technology to support the industry&rsquo;s development and growth.
Hong Kong&rsquo;s growing ecosystem of local tech companies is attracting more companies and outstanding talent, both local and from abroad, to settle in the city. That will naturally attract more funds to Hong Kong to support the sector, making it more competitive internationally as a global hub with a high-quality industrial chain.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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Hong Kong Builds 'Patient Capital' Ecosystem To Foster Technology

SunCar Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDA#NASDAQ">SDA</a>) shares raced higher on Monday. The company announced a strategic partnership with Wuhan JIDU Automobile Service, a joint venture between Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Geely. Here&#8217;s<a href="https://www.benzinga.com/quote/SDA/news"> what you need to know.</a>
What To Know: SunCar has entered into a strategic partnership with Wuhan JIDU to provide a cutting-edge insurance technology platform to auto buyers and customers across China. SunCar Technology shares jumped on the news. 
The collaboration aims to launch a nationwide intelligent insurance platform in China designed to streamline and digitize auto insurance processes for Wuhan JIDU's customers. SunCar's platform offers features such as online quoting, electronic policy issuance, claims management and underwriting, all powered by AI and big data.
Wuhan JIDU focuses on intelligent electric vehicles and autonomous technology. Through this partnership, the company plans to enhance its customer offerings by integrating SunCar&#8217;s digital insurance solutions, which connect customers with leading insurance providers.
Ye Zaichang, Chairman and CEO of SunCar Technology, stated that this collaboration represents a step forward in creating a fully digital-first insurance ecosystem tailored to tech-savvy consumers.
&#8220;This collaboration not only enhances the value Wuhan JIDU delivers to its customers but also demonstrates the scalability and versatility of our Platform. We are committed to supporting Wuhan JIDU as it continues its rapid growth, offering seamless, intelligent services to auto buyers nationwide,&#8221; Ye said.
SDA Price Action: <a href="http://benzinga.com/quote/sda">SunCar Technology shares</a> closed Monday up 10.6% at $10.20, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-1024x529.png" alt="" class="wp-image-653754" style="width:506px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA.png 1170w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image: Shutterstock/ solarseven.

Global

Market Index Target Term Securities Linked To The Dow Jones Industrial Average

SunCar Technology Shares Jumped 10% Monday: What Happened?

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) plans to issue U.S. dollars and Chinese yuan bonds to raise capital. The company aims to repay existing debt and support an ongoing stock buyback initiative.
The decision to tap the bond market comes as the company seeks to leverage low global interest rates, providing an opportunity to replenish its capital base while enhancing shareholder value.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/41984426/nvidia-powers-teslas-humanoid-robots-with-new-ai-tech-heres-what-to-expect-in-2025" rel="noreferrer noopener">Nvidia Powers Tesla&#8217;s Humanoid Robots With New AI Tech: Here&#8217;s What To Expect In 2025</a>
The exact principal amount, interest rates, and maturity terms for the bonds will be determined at the time of pricing, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3287038/alibaba-sell-bonds-repay-debt-fund-stock-buy-back-amid-low-interest-rates" rel="noreferrer noopener">cites</a> a filing with the Hong Kong Stock Exchange.
The issuance will likely generate up to $5 billion, with Reuters indicating the dollar-denominated bonds will have maturities of 5.5, 10.5, and 30 years.
The yuan-denominated bonds will carry tenors of 3.5, 5, 10, and 20 years, showcasing a broad range of options for potential investors.
Market analysts suggest that declining interest rates in the Asia-Pacific region have made debt issuance an attractive option for companies like Alibaba. This enables them to execute share buybacks and invest strategically without incurring high financing costs.
Kenny Ng Lai-yin, a strategist at Everbright Securities International, told the SCMP that this environment offers a unique chance for firms to enhance capital returns through debt financing.
Last week, Alibaba reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42006281/alibaba-q2-earnings-revenue-beats-forecast-cloud-and-international-sales-shine-free-cash-flow-falls-amid-strategic-investments" rel="noreferrer noopener">fiscal second-quarter 2024</a> revenue growth of 5% to $33.70 billion, beating the analyst consensus of $33.47 billion.
Taobao and Tmall Group revenue grew by 1% to $14.11 billion,
Alibaba International Digital Commerce Group&#8217;s revenue increased by 29% to $4.51 billion, and Local Services Group revenue grew by 14% to $2.53 billion.&nbsp;
Cainiao Smart Logistics Network Limited&#8217;s revenue increased 8% to $3.51 billion.&nbsp; Cloud Intelligence Group revenue grew by 7% to $4.22 billion.&nbsp;
As of September 30, Alibaba reported total outstanding liabilities of 202.2 billion yuan ($27.9 billion) in bank loans and bonds, marking an 18% increase since March.
The company raised $5.5 billion in May through a convertible bond issue. The current bond offering aligns with Alibaba&#8217;s aggressive stock repurchase program, initiated during the pandemic in 2020.
Yields on U.S. Treasuries are currently around 4.31% for five-year notes, 4.44% for ten-year notes, and 3.62% for thirty-year bonds. In contrast, Chinese government bonds offer significantly lower yields, with three-year and five-year bonds yielding 1.35% and 1.7%, respectively.
This disparity provides Alibaba with favorable conditions for its planned bond issuance, reducing the overall cost of borrowing.
The company&#8217;s strategic push to increase buybacks reflects a broader trend among top Chinese tech firms, driven by steep declines in stock valuations.
Alibaba&#8217;s shares have fallen approximately 70% from their peak in late 2020 despite continued growth in sales and profits due to economic weakness, domestic regulatory crackdown, and <a target="_blank" href="https://www.benzinga.com/24/11/41911946/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-tuesday" rel="noreferrer noopener">disappointing fiscal stimulus</a>.
During the third quarter, Alibaba repurchased $4.1 billion worth of shares, reducing its outstanding share count by 2.1% from the end of June. The company&#8217;s CFO, Toby Xu Hong, emphasized the importance of these buybacks as a signal of confidence in Alibaba&#8217;s business outlook.
Michael Burry&#8217;s fund <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42002224/big-short-investor-michael-burry-doubles-down-on-chinese-tech-stocks-while-adding-protective-hedges" rel="noreferrer noopener">increased its stakes in</a> Alibaba, JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), making Chinese tech its largest holdings.
Despite boosting exposure, Burry hedged risks by purchasing put options, signaling caution on potential market volatility.
Price Action:&nbsp;BABA stock is up 0.42% at $88.96 premarket at&nbsp;the last check on Monday.
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Image via Shutterstock

Offerings

Buybacks

Media

Alibaba Eyes Raising $5 Billion Via Bond Sale to Fund Debt Payoff and Stock Buybacks

A prominent Wall Street analyst has reported a milestone for Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Full Self-Driving technology, completing an unassisted journey from Manhattan to Connecticut, marking a notable advancement in the <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher">company&#8217;s autonomous driving capabilities</a>.
What Happened: Pierre Ferragu, an analyst at New Street Research, shared his experience on X, formerly Twitter, stating, &#8220;Last night FSD got me out of deep into Manhattan and drove me back home to Connecticut. Got through a number of challenging and confusing situations with mastery. Not a single intervention. Robotaxi never felt that close ever before.&#8221;
For context, the drive from Manhattan to Connecticut spans approximately 94.7 miles and typically takes up to 1 hour and 45 minutes.
The successful navigation of complex urban environments represents a significant step forward for Tesla&#8217;s autonomous driving technology, particularly in challenging city conditions where s<a href="https://www.benzinga.com/news/24/09/41047267/safety-disaster-tesla-fsd-galaxies-away-from-being-anywhere-close-to-competition-says-bearish-analys">elf-driving systems typically face their greatest tests</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last night FSD got me out of deep into Manhattan and drove me back home to Connecticut. Got through a number of challenging and confusing situation with mastery. Not a single intervention. Robotaxi never felt that close ever before…
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1858138037009424474?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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This development comes as Tesla continues to enhance its FSD technology amid growing competition in the autonomous vehicle sector from companies like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)-backed Waymo, Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>). 
See Also: <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">Nvidia&#8217;s Blackwell Chips Are Extra Toasty, Server Overheating Issues Impact Meta, Microsoft And Elon Musk&#8217;s xAI</a>
Why It Matters: The achievement is particularly notable given New York City&#8217;s demanding driving environment, known for its dense traffic, complex intersections, and unpredictable pedestrian movements.
Tesla&#8217;s autonomous driving progress comes at a crucial time as reports suggest a potential easing of federal regulations for self-driving vehicles, which could <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms">accelerate the company&#8217;s robotaxi ambitions</a>.
The stock has shown significant volatility over the past year, trading between $138.80 and $358.64, as investors weigh the company&#8217;s autonomous driving progress against market challenges, including changes to the federal EV tax credit structure.
Price Action: Tesla stock closed at $320.72 on Friday, gaining 3.07% for the day. In after-hours trading, the stock edged up 0.0062%. Year to date, Tesla's stock has risen by 29.10%, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

GOOG

GOOGL

MBLY

TSLA

Pierre Ferragu Says 'Robotaxi Never Felt That Close Ever Before' After Tesla Drove Through Challenging Roads With No Intervention

Renowned tech investor and Palantir Technologies&#8217; co-founder&nbsp;Peter Thiel&nbsp;has made a daring prediction about the potential impact of President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">60% tariff on Chinese goods</a>.
What Happened: On Thursday, during an interview with The Free Press, Thiel suggested that such a tariff would be &#8220;very, very bad&#8221; for <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">Chinese companies</a> and China as a whole.
However, he believes the impact on American consumers would be &#8220;mildly negative&#8221; as manufacturing would likely shift away from China.
According to Thiel, shifting manufacturing from China to Vietnam would significantly harm China, and have only a minor impact on American consumers. From a geopolitical perspective, he argued, this move would align closely with American strategic interests.
See Also:&nbsp;<a href="https://www.benzinga.com/etfs/24/11/42018463/trumps-post-election-rally-fades-dollar-surges-to-over-1-year-highs-powell-puts-december-interest-rate-cut-into-question-this-week-in-the-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Post-Election Rally Fades, Dollar Surges To Over 1-Year Highs, Powell Puts December Interest Rate Cut Into Question: This Week In The Market</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Peter Thiel on the Triumph of the Counter-Elites" width="500" height="281" src="https://www.youtube.com/embed/wwJV_NuN43Y?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Earlier this year, Chinese stocks <a href="https://www.benzinga.com/markets/asia/24/05/38782459/china-focused-etfs-have-become-political-footballs-in-us-as-investor-apprehension-leads-to-large-sca#google_vignette">experienced a notable rally</a>, pushing the SSE Composite Index in Shanghai to its highest point since September 2023.
However, Trump's proposed tariffs, which could reach as high as 60% on Chinese goods, along with additional import hikes on other nations, could disrupt these investments.
A day after Trump won, China-linked ETFs witnessed a sharp fall after rallying for nearly two months.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>China-linked ETFs</td>
<td>Share Price Drop On Nov. 6, 2024</td>
</tr>
<tr>
<td>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)</td>
<td>2.01%</td>
</tr>
<tr>
<td>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)</td>
<td>2.70%</td>
</tr>
<tr>
<td>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)</td>
<td>2.94%</td>
</tr>
</tbody>
</table>
</figure>
U.S.-listed Chinese stocks such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) also <a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">saw a decline in trading</a> following Trump&#8217;s win.
The imposition of such tariffs could strain China's economic growth, negatively impacting the performance of <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">China-focused ETFs</a>, particularly those tied to the tech sector and large-cap companies, making them less attractive to investors.
Despite the immediate economic challenges that such a tariff would pose, some experts believe that China may view Trump's return to the White House as <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">an opportunity for strategic advantage</a>.
Earlier this week, Chinese President Xi Jinping also expressed China's willingness to <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">collaborate with the U.S. government</a>, regardless of the administration in power.
Image via Wikimedia
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

Economics

KWEB

MCHI

XPEV

Peter Thiel Says Trump's 60% China Tariff Would Be 'Very, Very Bad' For Beijing, Here's What's At Stake

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is trading over 5% on Robinhood&#8217;s overnight trading service after a report on Sunday, suggested that the upcoming regulatory framework might ease mandates for self-driving vehicles. 
What Happened: The transition team of President-elect Donald Trump has told advisors that it aims to make a framework for fully self-driving vehicles a priority for the Transportation Department, <a href="https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars">reported</a> Bloomberg, citing people familiar with the matter. 
Tesla CEO Elon Musk recently secured a position to lead the newly created Department of Government Efficiency (DOGE) in the Trump administration, supported federal rules for autonomous vehicles in Tesla&#8217;s third-quarter earnings call, saying he would use any role to push the government to allow autonomous vehicles to be used nationwide. 
National Highway Traffic Safety Administration allows automakers to deploy only 2,500 autonomous vehicles per year, while efforts to increase this number have repeatedly failed. 
See Also: <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">Nvidia&#8217;s Blackwell Chips Are Extra Toasty, Server Overheating Issues Impact Meta, Microsoft And Elon Musk&#8217;s xAI</a>
Why It Matters: In October, Musk unveiled Tesla&#8217;s long-awaited robotaxi, which aims to mass produce &#8216;Cybercabs&#8217; by 2026. Investors and market analysts are considering robotaxi&#8217;s success as a major factor for the company&#8217;s valuation, while some investors remain skeptical about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41444334/tesla-robotaxi-reveal-falls-flat-amid-lack-of-clarity-shifting-focus-back-on-elon-m">robotaxi&#8217;s success in regulatory approval</a>. 
In October, ARK Investment&nbsp;Management said that Tesla&#8217;s driverless ride-hailing plans&nbsp;could unlock $11 trillion in revenue potential, exceeding the total addressable market <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">that ride-hailing companies</a> Uber Technologies Inc. and&nbsp;LYFT Inc. are targeting.
The Future Fund&nbsp;Managing Partner&nbsp;Gary Black has repeatedly voiced skepticism about&nbsp;Tesla maintaining a monopoly in the unsupervised autonomy market, citing competition from Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)-backed Waymo, Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) who has already received approval to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40333845/gary-black-highlights-skepticism-over-teslas-autonomy-ambitions-amid-competition-fr">deploy their autonomous vehicles</a>.
Price Action: Tesla is trading 5.69% higher at $339 on Robinhood&#8217;s overnight trading service. The stock closed at $320.72 in a regular trading session on Friday, gaining 3.07% for the day. In after-hours trading, the stock edged up 0.0062%. Year to date, Tesla's stock has risen by 29.10%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Image Via Shutterstock

Tesla Soars Over 5% In Overnight Trading As Trump Administration Reportedly Seeks To Ease FSD Norms

Chinese President Xi Jinping has expressed China&#8217;s willingness to collaborate with the U.S. government, regardless of the administration in power. This statement comes amid the <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">ongoing U.S.-China tensions </a>and the impending return of Donald Trump to the White House.
What Happened: In a meeting with President Joe Biden at the Asia-Pacific Economic Cooperation forum in Lima, Xi Jinping conveyed China&#8217;s readiness to work with the U.S. to maintain dialogue, expand cooperation, and manage differences for the benefit of both nations. 
"China is ready to work with the US government to maintain dialogue, expand co-operation and manage differences . . . for the benefit of the two peoples," Xi told Biden. 
Biden, in turn, acknowledged the importance of the U.S.-China relationship and emphasized the need to prevent competition from escalating into conflict. The meeting took place just two months before Trump&#8217;s return to the presidency.
"Our two countries cannot let any of this competition veer into conflict," Biden said. 
"Over the past four years I think we've proven it's possible to have this relationship."
See Also: <a href="https://www.benzinga.com/24/11/42025179/chamath-palihapitiya-regrets-this-3-or-4-billion-crypto-mistake-as-bitcoin-rises-above-90000-would-have-made-a-lot-more-money" target="_blank" rel="noreferrer noopener">Chamath Palihapitiya Regrets This &#8216;$3 Or $4 Billion&#8217; Crypto Mistake As Bitcoin Rises Above $90,000: &#8216;Would Have Made…A Lot More Money&#8217;</a>
Despite the recent tensions, Xi&#8217;s message was clear: China is willing to work with the U.S. government, regardless of the administration in power. 
Why It Matters: The U.S.-China relationship has been a focal point of global geopolitics, with potential implications for trade, technology, and security. The recent <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">rumored appointments</a> of China hawks to top roles in the Trump administration have already had a significant impact on Chinese markets, with the yuan hitting a three-month low.
Despite these tensions, China has been actively seeking to <a href="https://www.benzinga.com/markets/equities/24/11/41867397/xi-jinping-courts-us-allies-to-counter-trumps-trade-threats-report">engage U.S. allies</a> to mitigate the potential impact of Trump&#8217;s proposed tariffs. Trump has expressed his intention to implement a "pro-American trade policy that uses tariffs to encourage production here and bring trillions and trillions of dollars back home."
Trump&#8217;s victory in the U.S. presidential election has also led to a decline in <a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">U.S.-listed Chinese stocks</a>, with analysts warning of a potential escalation in U.S.-China tensions and its impact on trade policies. Major U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ: JD), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE: NIO), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) were trading lower in the U.S. after Trump's victory.
Read Next: <a href="https://www.benzinga.com/government/regulations/24/11/42006530/tesla-ceo-and-doge-co-lead-elon-musk-says-excess-government-spending-causes-inflation-heres-what-experts-say" target="_blank" rel="noreferrer noopener">Tesla CEO And DOGE Co-Lead Elon Musk Says ‘Excess Government Spending' Causes Inflation: Here's What Experts Say</a>
Image Via shutterstock

General

Xi Jinping Tells Joe Biden: China Is 'Ready To Work With' Trump As Tariff Threat Looms

Investors with a lot of money to spend have taken a bullish stance on Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BIDU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 20 uncommon options trades for Baidu.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $734,906, and 12 are calls, for a total amount of $564,254.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $120.0 for Baidu over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $75.0 to $120.0, over the past month.
<h3>Baidu 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731700888_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$38.35</td>
<td>$38.0</td>
<td>$38.0</td>
<td>$120.00</td>
<td>$228.0K</td>
<td>376</td>
<td>60</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$75.00</td>
<td>$176.7K</td>
<td>5.8K</td>
<td>511</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$16.6</td>
<td>$16.35</td>
<td>$16.52</td>
<td>$100.00</td>
<td>$82.6K</td>
<td>2.5K</td>
<td>56</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.55</td>
<td>$2.53</td>
<td>$2.55</td>
<td>$90.00</td>
<td>$76.2K</td>
<td>3.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.55</td>
<td>$2.5</td>
<td>$2.51</td>
<td>$90.00</td>
<td>$75.2K</td>
<td>3.6K</td>
<td>715</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
Following our analysis of the options activities associated with Baidu, we pivot to a closer look at the company's own performance.
<h3>Current Position of Baidu</h3>
<ul>
<li>Currently trading with a volume of 1,780,410, the BIDU's price is up by 0.47%, now at $84.45. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 6 days.</li>
</ul>
<h3>What Analysts Are Saying About Baidu</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $115.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Baidu, targeting a price of $115. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Baidu options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With BIDU

Michael Burry, the hedge fund manager renowned for predicting the 2008 financial crisis, has significantly increased his exposure to Chinese technology companies while simultaneously implementing protective measures against potential downside risks, <a href="https://www.benzinga.com/markets/asia/24/11/42000692/david-teppers-appaloosa-trims-alibaba-stake-by-476-in-q3-2024-doubles-down-on-pdd-holdings-and-jd.com">according to regulatory filings</a>.
What Happened: Burry&#8217;s Scion Asset Management made several notable adjustments to its portfolio during the third quarter, with Chinese companies now representing its largest positions. The firm increased its stake in Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) by 29%, making it the fund&#8217;s largest holding valued at over $21 million as of September&#8217;s end.
In a similar move, Scion doubled its position in JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), elevating it to the fund&#8217;s second-largest holding at approximately $20 million. The firm also expanded its stake in Chinese search giant Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) by 67%, bringing the position to $13.2 million.
However, in what appears to be a cautionary strategy, Burry has simultaneously established put options against these same holdings. Put options typically increase in value when the underlying securities decline, suggesting a hedging strategy designed to protect against potential market volatility.
See Also: <a href="https://www.benzinga.com/news/global/24/11/41999238/ross-gerber-blasts-teslas-support-for-ending-ev-tax-credit-as-insanity-amid-reported-policy-shift-under-trump-administration">Long-Time Tesla Bull Rages As Elon Musk Reportedly Backs Trump&#8217;s Plan To Ax $7.5K EV Credit: &#8216;Insanity&#8217;</a>
The timing of these moves coincides with Beijing&#8217;s recent economic stimulus announcements aimed at reinvigorating growth in the world&#8217;s second-largest economy. While Chinese equities initially rallied in September following these signals, gains have moderated as investors await more concrete fiscal measures.
Beyond his Chinese technology focus, Burry has also increased positions in several U.S. companies, including Shift4 Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>), American Coastal Insurance Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>), and Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>).
Why It Matters: Burry&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41248334/big-short-investor-michael-burrys-china-bet-pays-off-as-top-picks-surge-nearly-60-in-2-months">top three Chinese holdings</a> have posted average gains of nearly 60% over a two-month period, according to market data.
Burry&#8217;s moves are being closely watched by market participants, particularly given his track record. He gained widespread recognition for his prescient bet against mortgage-backed securities before the 2008 global financial crisis, a story later chronicled in Michael Lewis&#8216;s bestseller &#8220;The Big Short&#8221; and its subsequent Oscar-winning film adaptation.
It&#8217;s worth noting that these positions reflect holdings as of Sep. 30, as required by SEC regulations for funds managing over $100 million in assets. Given the 45-day reporting delay and Burry&#8217;s active trading style, current positions may have already changed.
The development comes as other <a href="https://www.benzinga.com/markets/asia/24/11/42000692/david-teppers-appaloosa-trims-alibaba-stake-by-476-in-q3-2024-doubles-down-on-pdd-holdings-and-jd.com">prominent investors adjust their Chinese holdings</a>. Billionaire investor David Tepper&#8217;s Appaloosa Management recently reduced its Alibaba stake by 5%, though the position remains the fund&#8217;s largest holding at 15.75% of its $6.7 billion portfolio.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/content/41999311/jim-cramer-says-these-10-frothy-stocks-are-up-over-200-ytd-including-rocket-lab-palantir-and-carvana">Jim Cramer Says These 10 &#8216;Frothy&#8217; Stocks Are Up Over 200% YTD, Including Rocket Lab, Palantir, And Carvana</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ACIC

FOUR

'Big Short' Investor Michael Burry Doubles Down On Chinese Tech Stocks While Adding Protective Hedges

Billionaire investor David Tepper&#8216;s Appaloosa Management reduced its stake in Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) by 5% in the third quarter, despite his recent public enthusiasm for Chinese investments, according to regulatory filings released Thursday.
What Happened: The reduction comes just months after Tepper declared that he <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">would buy &#8220;everything&#8221; China-related</a> amid Beijing&#8217;s stimulus efforts. Despite the trim, Alibaba remains Appaloosa&#8217;s largest holding, representing 15.75% of its $6.7 billion equity portfolio.
The hedge fund&#8217;s third-quarter moves reveal a complex strategy toward Chinese investments. While reducing positions in the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Tepper more than doubled his stake in PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and increased positions in JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>).
The filing also revealed significant reductions in major U.S. technology holdings. Appaloosa sold 275,000 shares of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), representing an 8.59% reduction while cutting its Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) position by 211,356 shares, or 21.89%. The fund also reduced its stake in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) by 310,000 shares, a 49.6% decrease, and trimmed its position in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
See Also: <a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Tesla Earnings Will Be Hit Hardest If $7.5K EV Credit Gets Cut By Trump, Warns Gary Black: &#8216;Do The Math&#8217;</a>
Why It Matters: Overall, Tepper&#8217;s exposure to Chinese stocks and ETFs increased to 38% of his equity portfolio in the third quarter, up from 26% in the previous quarter. This positions him, alongside Scion Asset Management&#8216;s Michael Burry, as one of the few prominent hedge fund managers <a href="https://www.benzinga.com/markets/equities/24/10/41248334/big-short-investor-michael-burrys-china-bet-pays-off-as-top-picks-surge-nearly-60-in-2-months">maintaining significant Chinese market exposure</a>. 
These portfolio adjustments come as Chinese stocks face headwinds from disappointing fiscal policies and persistent economic challenges, including weak consumer spending and an unstable property market. Market observers note that geopolitical tensions and potential tariff increases add further <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">uncertainty to the investment landscape</a>.
The details of these transactions were disclosed in a Form 13F filing, a quarterly report required by the Securities and Exchange Commission for institutional investment managers overseeing more than $100 million in qualifying securities.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41998258/cathie-wood-keeps-betting-on-amazons-haul-play-ark-loads-up-6m-worth-of-shares">Cathie Wood Keeps Betting On Amazon&#8217;s &#8216;Haul&#8217; Play: Ark Loads Up $6M Worth Of Shares</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

ETFs

AMZN

MSFT

Billionaire David Tepper's China Puzzle: Appaloosa Cuts Alibaba Stake While Doubling Down On PDD

OLPX

Scion Asset Management 13F Shows Increased Stake In Alibaba Group From 155,000 To 200,000 Shares; Increased Stake In JD.com From 250,000 To 500,000 Shares;  Increased Stake In Shift4 Payments From 100,000 To 150,000 Shares; Increased Stake In Baidu From 75,000 To 125,000 Shares; Increased Stake In Molina Healthcare From 24,530 To 30,000 Shares; Increased Stake In Olaplex Holdings From 995,250 To 1,000,000 Shares

Scion Asset Management 13F Shows Added Put Position In JD.com With 500,000 Shares; Added Put Position In Alibaba Group With 168,900 Shares; Added Put Position In Baidu With 83,300 Shares

-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The new iRAG technology mitigates hallucinations in image generation, boosting the applicability of AI-generated images. -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miaoda is a no-code tool that enables users to build applications using simple natural language. -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ERNIE now handles 1.5 billion daily API calls, marking an exceptional 30-fold growth over the previous year.
SHANGHAI, Nov. 12, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ:&nbsp;<a href="https://www.prnewswire.com/news-releases/baidu-launches-ernie-4-0-foundation-model-leading-a-new-wave-of-ai-native-applications-301958681.html#financial-modal">BIDU</a>&nbsp;and HKEX: 9888), a leading AI company with strong Internet foundation, today hosted its annual flagship technology conference Baidu World 2024 in Shanghai. At the event, the company announced a range of new AI technologies and solutions to accelerate the boom of AI applications, featuring iRAG (Image-Based Retrieval-Augmented Generation), a new technology designed to tackle hallucinations in image generation, and Miaoda, a no-code tool that empowers businesses and individuals to create applications.

Baidu Unveils iRAG And No-Code Tool Miaoda To Drive AI Application Boom; New iRAG Technology Mitigates Hallucinations In Image Generation, Boosting The Applicability Of AI-Generated Images

U.S.-listed Chinese stocks Alibaba Group Holding. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV)&nbsp;continue a selloff on Tuesday as geopolitical tensions pose a dampener.
The Street remains disappointed with China&#8217;s fiscal stimulus. Donald Trump&#8217;s U.S. presidential election victory has also triggered concerns about higher tariffs for China.
Last week, China launched a <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">fiscal stimulus package</a> valued at 6 trillion yuan ($840 billion) to relieve local governments of their hidden debt burdens, lower than the Street&#8217;s expectations of 10 trillion yuan ($1.39 billion).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more" rel="noreferrer noopener">Shopify Q3 Earnings: Ninth Consecutive Quarter of Revenue Beat, GMV Up 24%, Positive Outlook And More</a>
Also, central authorities agreed to issue 800 billion yuan annually in special local government bonds, totaling 4 trillion yuan over the next five years.
The Street also factored in higher tariff risks as Trump, during his presidential campaign, promised to slap tariffs on Chinese imports by up to 60%.
Economic experts have voiced growing concerns about China&#8217;s economy following recent data releases and the anticipated impact of Trump&#8217;s presidency.
UBS revised its 2025 growth forecast for China downward, projecting an expansion of roughly 4%, with a steeper decline expected in 2026, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-11/chinese-stocks-face-pressure-as-fiscal-stimulus-underwhelms?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Nomura Holdings&#8217; Chetan Seth told Bloomberg that while China&#8217;s debt-swap plan exceeded initial expectations, the lack of measures to recapitalize banks or boost consumer spending will likely disappoint investors.
Foreign direct investment in China fell by nearly $13 billion in the year&#8217;s first nine months.
Price Actions: At the last check on Monday, BABA stock is down 4.05% at $91.56. JD is down 7.12%, BIDU is down 4.15%, NIO is down 9.20%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor US Expansion Plans Unfazed by Trump Win: Report</a></li>
</ul>
Photo by Khanthachai C on Shutterstock

Government

Regulations

What's Going On With US-Listed Chinese Stocks Trading Lower On Tuesday?

Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $115.14, with a high estimate of $139.00 and a low estimate of $100.00. Highlighting a 14.92% decrease, the current average has fallen from the previous average price target of $135.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1731430859_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Baidu among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Charlene Liu</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$100.00</td>
<td>-</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$105.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Rob Sanderson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Eddie Leung</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$117.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Thomas Chong</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$139.00</td>
<td>$174.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baidu. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Baidu compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Baidu's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Baidu's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BIDU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Baidu analyst ratings.</a>
<h2>Get to Know Baidu Better</h2>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Baidu's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Baidu faced challenges, resulting in a decline of approximately -0.37% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Baidu's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.19%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Baidu's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: Baidu's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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