China Tech Looks Unready for What’s Coming Next [Yahoo! Finance News]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
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Source: Yahoo! Finance News
Bloomberg Opinion) -- Smartphones are a daily necessity, weddings will still go ahead, and enterprises will embrace digital upgrades.Those are just some of the justifications that Chinese technology companies such as Xiaomi Corp., Baidu Inc. and Tencent Holdings Ltd. have for telling us that the worst may be behind them as the country gets through the Covid-19 pandemic.That’s a risky tone to take. A global recession is upon us, and they’re not fully taking it in.China is looking at the reopening this week of Wuhan, the epicenter of the outbreak, after months of lockdown and seeing it as a sign that things are getting better. The messaging is obvious: China is back in business, and its domestic companies are in the clear.But the rest of the world sees a different picture: New York and Milan resemble ghost towns, Tokyo is facing a state of emergency, Manila is under curfew, and Singapore just banned gatherings.“Smartphone demand is resilient; it’s a daily necessity so demand will reboun
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News
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BIDU
Earnings
- 11/18/25 - Beat
BIDU
Sec Filings
- 11/18/25 - Form 6-K
- 10/21/25 - Form 6-K
- 9/26/25 - Form 144
- BIDU's page on the SEC website