NetEase knocks Baidu out of China’s top five tech companies

TechNode | Aug 16, 2019 at 3:36 AM
  • Search giant Baidu is no longer one of China’s five most valuable companies, as the company struggles to keep up with competitors that encroach further into its primary markets, Bloomberg reports.
  • Baidu’s share price has fallen by 40% this year, while NetEase, China’s second-largest gaming company, gained 11%.
  • Context: Baidu has commanded the internet search market in China since Google’s departure in 2010.