Baidu falls further behind among China’s biggest tech firms

It may be time to rethink 'BAT' as Baidu has fallen from China's top-five public companies based on market cap. The company bet big on AI, which is yet to pay off financially, while its core search business has suffered from the emergence of mobile as the primary internet device in China. That's in comparison to Tencent and Alibaba, which have profited from China's digital growth and their own diversification strategies. Meanwhile, newer companies like Meituan are up-and-coming (in terms of valuation, not profitability 😆) leaving Baidu looking rather stagnant.


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