Baidu faces a significant challenge as its primary search business has lost its appeal to TenCent’s WeChat and with the Cloud division unable to compensate.

Profit 2024: 9$/Eps, exluding cash only 2 EPS. Investing massively in R&D, unsuccessful so far. Stock trading almost against the value of the cash on its balance sheet.

So cheap that I see massive upside. High risk high reward case.