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Baidu trades higher after Q3 beat, to prioritize investments in AI but focus on efficiency

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Baidu (NASDAQ:BIDU) stock rose about 2% pre-market on Tuesday after the company’s third quarter results beat estimates.

Meanwhile, several Chinese stock were in the red; Alibaba (BABA), JD.Com (JD) and Bilibili (BILI) were all down about 1%.

Baidu’s non-GAAP earnings per American depositary