Baidu’s startling slump in Hong Kong is deeper than Archegos’ trigger as advertising, EV business face challenges

Source: South China Morning PostThe startling slump in Baidu since its secondary listing in Hong Kong is giving analysts a tough time in justifying their bullish buy calls, as the stock trailed market expectations by the widest margin in almost a decade.Shares of China’s dominant internet search-engine operator and challenger to Google have declined 17 per cent since they started trading on March 23, the worst among new jumbo listings in the city this year. Its American depositary receipts (ADR) have also lagged behind tech…Read More

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