On July 21, Baidu Group-SW declined 3.11% in regular trading, trading at 105.9 HKD/share, with turnover of HKD 127 million.

On the news front, the previous trading day saw Baidu's short-selling ratio surge to 36.25%, ranking first in the industry, with a deviation of 45.8% above the 30-day average, signaling significantly intensified bearish positioning. Meanwhile, BOCOM International projected Baidu's Q2 total revenue to decline 2.5% year-over-year, with core advertising revenue expected to fall 18.5% YoY, indicating sustained near-term fundamental pressure. JPMorgan also recently cut its target price on Baidu from USD 230 to USD 205. CLSA separately estimated Baidu Core revenue would decline 4.2% YoY to RMB 25.1 billion in Q2, with search business continuing to face headwinds.

Within the Interactive Media and Services sector, TENCENT fell 0.08%, KUAISHOU-W fell 0.04%, BILIBILI-W rose 0.76%, MEITU fell 1.21%, and NEWBORNTOWN rose 0.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)