|Bid||113.35 x 1100|
|Ask||113.50 x 900|
|Day's Range||106.88 - 115.07|
|52 Week Range||73.58 - 171.87|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2023 - Mar 03, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||165.92|
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Chinese stocks rose this week after the Chinese government began to relax some of its zero-COVID policies.
While there was some company-specific news, it appears the broader economic and regulatory developments ultimately drove the stocks higher. Today marked the second day of gains after Chinese officials responded to widespread demonstrations in China to protest lockdowns resulting from the government's zero-COVID policy. In a press conference on Tuesday, government health authorities announced steps to increase the vaccination rate among China's elderly population.
Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong internet foundation, today announced plans to build the world's largest autonomous ride-hailing service area in 2023. The announcement came during a celebration of Apollo Day, Baidu's autonomous driving tech event (Click to replay 2022 Baidu Apollo Day). The plan outlined a goal to expand the operation area for Baidu's fully driverless robotaxis, allowing Baidu to reach more potential customers