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Chinese equities started the week underperforming U.S. stocks. From mid-week, they staged a remarkable reversal to end the week in a clear lead.
I share the drivers leading to the rebound.
Baidu remains a laggard despite its involvement in the current-day buzzwords like artificial intelligence, autonomous driving, robotaxis, smart devices, etc.
I update on the ways Baidu are monetizing its developments.
I also share Baidu's valuation multiples and argue that its shares are undervalued.