0850 GMT - Baidu's search market share could be threatened after Tencent's Weixin began tests to integrate DeepSeek's model, Daiwa analyst John Choi says in a research note. In January, 22% of Baidu's search queries were AI-powered but not monetized, the analyst notes. Although Baidu has followed suit to integrate DeepSeek into its search engine, Choi thinks the high-quality information from companies' and institutions' official accounts on Tencent's Weixin platform could attract more users in the long term, he says. Meanwhile, Baidu's move to make its next-generation AI model Ernie 4.5 open source amid fierce competition could weigh on its operating margin, Choi says. Daiwa lowers Baidu's rating to outperform from buy and cuts its target to HK$100.00 from HK$108.00. Shares last ended 2.05% lower at HK$88.35. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 03:50 ET (08:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。