Baidu dips despite rise in revenue, advancing AI service


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Baidu (NASDAQ:BIDU) stock was in the red premarket on Wednesday despite the company's fourth quarter revenue growing and its AI service beginning to add to sales. Meanwhile, several Chinese stock were in the red, Alibaba (BABA) and JD.Com (JD) about 3%, and Bilibili (BILI) around 4%, NetEase (NTES) around 2%. Baidu's non-GAAP earnings per American depositary share, or ADS, rose about 43% year-over-year to RMB21.86, or $3.08, beating estimates. Meanwhile total revenue — which grew 6% year-over-year, amounted to RMB34.95B, or $4.92B — also exceeded some analysts' expectations. However, as per LSEG data total revenue missed its analysts' average estimate...