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I just looked at Baidu's financial report.
A record-breaking quarterly loss of 11.2 billion yuan.
This year is likely to be even worse.
AI is digging the grave of search engines.
Baidu's 200 billion yuan investment in Wenxin Yiyan (a short video platform) first resulted in a disastrous launch event,
then it botched its cooperation with Apple,
and more importantly, the internet hasn't forgotten "Wei Zexi" (a notorious figure in the Chinese TV drama "The Departed").
So, no one feels sorry for Baidu today, no one sympathizes, and no one is even surprised.
Baidu is like Facebook in China; it makes mistakes at every step. 🤣
Very good points Mato
Where do I predict timelines though? I recall saying it’s near impossible to predict a timeline
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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