Baidu Faces Greater Risks Than Peers -- Market Talk
Dow Jones2026/08/13 09:580958 GMT - Baidu faces greater risks than peers such as Alibaba and Tencent, despite its advantages in the search-engine market, strong AI capabilities and a large net cash position, says Fitch Ratings, which downgrades the company's long-term issuer default rating to A- from A. "Tencent's and Alibaba's EBITDA scale are significantly larger, have greater revenue diversification and stronger cash-generation," Fitch says. The two companies' social network and e-commerce platforms also have a larger share of advertising spending than Baidu's search engine, Fitch adds. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
August 13, 2026 05:58 ET (09:58 GMT)
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