A security guard at the opening session of Baidu's annual AI developers conference in Beijing on July 3, 2019. Photo: Reuters
Baidu falls further behind among China’s biggest tech firms as Meituan, NetEase overtake in market value
- Baidu’s market cap has stagnated even as peers like Alibaba and Tencent saw their valuations surge
- Netease’s valuation passed Baidu on Wednesday at US$33.5 billion
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Baidu
A security guard at the opening session of Baidu's annual AI developers conference in Beijing on July 3, 2019. Photo: Reuters