Shares of Chinese companies, including Baidu Inc (NASDAQ:BIDU), are trading higher as the sector rebounds from recent weakness despite continued regulatory concerns. The gaming, education and technology sectors have been under regulatory pressure this year, which has driven volatility in the overall Chinese market.
Morgan Stanley on Monday upgraded multiple names in the Chinese education space, which revived some sector sentiment.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Baidu is the largest internet search engine in China with a 75% share of the search engine market in March 2021. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.
Baidu shares were trading higher by 4.9% at $164.78 at the time of publication. Baidu has a 52-week high of $354.82 and a 52-week low of $116.41.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.