TECH - Why Is Baidu Stock Trading Higher Thursday? | Benzinga
Baidu, Inc (NASDAQ: BIDU) stock is trading higher on Thursday, mirroring the broader IShares China Large-Cap ETF (NYSE: FXI) trends.
This rise follows reports that China's central bank has committed to further enhancing financial aid for businesses and critical sectors. The aim is to bolster and broaden employment, foster a stable and robust real estate market, and ensure the continued stability of the Yuan.
Meanwhile, Baidu's ChatGPT-like Ernie Bot reached a significant milestone with over 100 million users, as announced by Wang Haifeng, the chief technology officer of the Chinese internet company, at a deep learning ...