Hong Kong Stocks Ease From 2-Month High as Baidu Slumps on Growth Concerns

Hong Kong stocks ease from 2-month high as Baidu slumps on growth concerns

The market is likely to trade sideways as there are no catalysts to support a rally, Dongxing Securities analyst Lin Yang says.

China AI Rally Laggard Baidu Faces Low Bar for Earnings Boost

The current earnings season has largely been a letdown for China’s big tech stocks, lowering the hurdle for Baidu Inc. to impress investors seeking a fresh angle on the artificial intelligence theme.

Chinese companies including Alibaba, Tencent and JD.com reported positive results for the first quarter of 2025. Growth in e-commerce and advertising revenue surprised, especially in the context of trade tensions with the US. Artificial intelligence (AI) is significantly improving advertising efficiency and supporting consumer spending, even as household confidence in China fell to a 2.5-year low. Alibaba increased sales across its Taobao and Tm…