Baidu Posts First Loss Since IPO in 2005

Baidu, once a leading Chinese Internet company, is facing financial challenges with a significant loss exceeding expectations. The company's revenue outlook is below estimates, and a key leader is stepping down. Baidu is attempting to diversify into AI and autonomous driving, but its core search business remains crucial. The company is also facing stiff competition from Alibaba, Tencent, and ByteDance, which are attracting younger users and ad revenue. Baidu has initiated a $1 billion stock buyback to mitigate losses.

What challenges is Baidu facing in the current mobile age?

How did Baidu's first quarter revenue compare to forecasts?

What significant change is happening in Baidu's leadership?

What steps is Baidu taking to diversify its business?

How is Baidu's stock performance compared to its competitors?