Baidu's stock trades at about $92 with a market cap of $33 billion, a significant drop from the all-time high of nearly $114 billion, indicating challenges ahead.
From 2015 to 2020, Baidu's revenue growth slowed to only 10% CAGR due to intense competition from companies like Tencent and Alibaba in China's tech market.
During the pandemic, Baidu faced macro headwinds as advertisers reduced spending, exacerbating the impact of China's slow post-pandemic recovery and regulatory crackdowns on online markets.
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