Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say
This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”, which reflects Baidu’s focus on generative AI. “For Baidu, Ernie … Read more
