Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP) Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP)
Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP)
IPO

Baidu’s startling slump in Hong Kong is deeper than Archegos’ trigger as advertising, EV business face challenges

  • Baidu’s Hong Kong-listed shares have dropped 17 per cent from their IPO price, underperforming Kuaishou and Bilibili among jumbo listings
  • Weak online advertising revenue, a cash-draining self-driving business and foray into EV market are key challenges

Topic |   IPO
Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP) Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP)
Baidu co-founder and CEO Robin Li attends Baidu Create 2019 in Beijing on July 3, 2019. (Photo by WANG ZHAO / AFP)
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