Baidu, Alibaba and Tencent — known by the acronym BAT — have faced a barrage of domestic issues in the midst of the U.S.-China trade war, which has morphed into a tech war.
reached 7.4 billion yuan in the September quarter, up 7% year on year, while subscribers jumped 31% year on year.Baidu could face some headwinds in 2020, analysts say.
"Cloud, smart devices and autonomous driving continue to progress to drive future growth," Jefferies said in a November note. The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles' Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019.Alibaba has also been pushing a strategy it calls "new retail," which aims at combining the online and offline elements of its business such as payments, physical stores and food delivery.
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