Part 4/8:
Earnings reports from major firms have drawn attention, notably Baidu, which revealed a revenue decline and increased competition from rising startups in China's burgeoning tech space. Minmin Low highlights that while Baidu has seen a rise in cloud demand, overall growth remains challenged against a backdrop of market saturation and changing consumer preferences. The company struggles to maintain its market share as newer players like DeepSeek aggressively capture user attention.