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It's a different market. China is a beast, and so is BIDU. China financials are insane, they hold a massive market cap of wealth, & the SH comp literally had a v-shaped recovery through the 2010's, as everyone knows (www.tradingview.com/...SIc8-SHCOMP-PT-2025/). China has been fully open since mid-2020, part of my confidence in Tesla's record deliveries, & they are trying to get ahead on their state-led data analytics & AI projects, are prone to being bought into with high world trading sentiment, and with more opening & traveling means more acquisitions of the programs they outsource to state-funded startups (reference Kai Fu Lee).
also worth noting that ever since Hong Kong was annexed they've had an economic boom. Investors can't help but buy into what China is doing. (www.economist.com/br...ng-it-is-remaking-it)