{"success":true,"data":{"pressRelease":{"id":"177334","rtpr_id":"nPn1Sc9Z6a-20261022","ticker":"BIDU","exchange":"NASDAQ","all_tickers":["BIDU","9888"],"title":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of November 13, 2026 in Baidu, Inc. Lawsuit - BIDU","author":"PR Newswire","published_at":"2026-10-22T14:11:01.023Z","article_body":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of November 13, 2026 in Baidu, Inc. Lawsuit - BIDU\nPR Newswire\n\nNEW YORK, Oct. 22, 2026\n\nBaidu, Inc. told investors its AI-powered business was cushioning the collapse\nof its legacy search advertising franchise and had grown 49% year over year in\nthe first quarter of 2026. Three months later that same AI business contracted\n8% quarter over quarter, and a securities class action alleges the promise was\nmaterially overstated.\n\nNEW YORK, Oct. 22, 2026 /PRNewswire/ -- SueWallSt reminds purchasers of Baidu,\nInc. (NASDAQ: BIDU) securities, including call options, that a securities\nclass action has been filed on behalf of shareholders who acquired BIDU\nsecurities between November 18, 2025 and August 17, 2026. Find out if you\ncould qualify to recover your per-share losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=2480820046&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Find+out+if+you+could+qualify+to+recover+your+per-share+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nBIDU American Depositary Shares closed at $90.87 on August 18, 2026, a\none-session decline of $13.25 per ADS, or 12.73%, on unusually heavy trading\nvolume. That close sat $71.65 below the Class Period high of $162.52 reached\non January 22, 2026. The last day to move for lead plaintiff is November 13,\n2026.\n\nThe Promise\n\nFor three consecutive quarters the Company projected that its AI-powered\nbusiness was absorbing the decline in legacy search advertising. Revenue from\nAI-powered businesses was reported at roughly RMB 10 billion in the third\nquarter of 2025, up more than 50% year over year, then RMB 11.3 billion in the\nfourth quarter, then more than RMB 13.6 billion in the first quarter of 2026,\ndescribed as exceeding half of Baidu General Business revenue for the first\ntime.\n\nThe Reality\n\nSecond quarter 2026 results revealed the opposite direction. The Core\nAI-powered Business fell 8% quarter over quarter to RMB 12.5 billion while\nlegacy revenue kept deteriorating, and the complaint alleges that positive\nstatements about the Company's revenue prospects lacked a reasonable basis and\nthat revenue was reasonably likely to decline.\n\nPromise vs. Actual: By the Numbers\n\n * Projected, Q3 2025: AI-powered revenue of roughly RMB 10 billion, up over 50%\nyear over year, presented as offsetting softness in online marketing.\n * Projected, Q1 2026: Core AI-powered Business revenue above RMB 13.6 billion,\nup 49% year over year.\n * Actual, Q2 2026: Core AI-powered Business revenue of RMB 12.5 billion, down 8%\nsequentially, with year-over-year growth decelerating to 25%.\n * Actual, Q2 2026: AI Cloud Infra, the largest AI component, down 17% quarter\nover quarter from RMB 8.8 billion to RMB 7.3 billion.\n * Actual, Q2 2026: Legacy Business revenue down 23% year over year to RMB 10.4\nbillion; Online Marketing Services revenue down 19% year over year to RMB 13.1\nbillion.\n * The gap: full year 2025 total revenue of RMB 129.1 billion, a decrease of 3%\nyear over year, despite the reported AI expansion.\n\"Companies that make specific promises to investors about future performance\nhave an obligation to disclose known risks to those projections. Here the\ncomplaint alleges that shareholders were told an AI transition was offsetting\na 23% collapse in legacy revenue, only to learn that the AI business itself\nhad begun to shrink.\" -- Joseph E. Levi, Esq.\n\nSubmit your information here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=4288409950&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Submit+your+information+here)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the BIDU Lawsuit\n\nQ: What is the BIDU lead plaintiff deadline? A: The deadline to apply for\nlead plaintiff appointment is November 13, 2026. This deadline applies only to\ninvestors seeking to serve as lead plaintiff. Class members who do not apply\nmay still participate in any recovery without taking action before this date.\n\nQ: How much did BIDU stock drop? A: Shares fell approximately 12.73%, a\ndecline of $13.25 per share, after the Company disclosed second quarter 2026\nresults showing the Core AI-powered Business fell 8% quarter over quarter\nwhile Legacy Business revenue fell 23% year over year. Investors who purchased\nshares during the Class Period at artificially inflated prices and suffered\nlosses may be eligible to seek compensation.\n\nQ: What specific misstatements does the BIDU lawsuit allege? A: The complaint\nalleges Baidu, Inc. made materially false or misleading statements regarding\nthe ability of its AI-powered business to mitigate rapid declines in its\nlegacy online marketing business during the Class Period. When the second\nquarter 2026 contraction in the AI-powered business was disclosed, the stock\nprice declined sharply.\n\nQ: What do BIDU investors need to do right now? A: Investors may gather\nbrokerage records showing purchase dates, share quantities, and prices paid.\nSubmit your information for a no-cost, no-obligation evaluation of your\npotential recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=1024758928&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Submit+your+information+for+a+no-cost%2C+no-obligation+evaluation+of+your+potential+recovery)\n. No immediate action is required to remain eligible as an absent class\nmember.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my BIDU shares, can I still recover losses? A: Yes.\nEligibility is based on when you purchased, not whether you still hold the\nshares. Investors who bought during the Class Period and sold at a loss may\nstill be eligible to participate.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nQ: What if I live outside the United States? A: U.S. securities class actions\ngenerally cover purchases on U.S. exchanges regardless of the investor's\ncountry of residence.\n\nCONTACT:\\\n\nLevi & Korsinsky, LLP\\\n\nJoseph E. Levi, Esq.\\\n\n33 Whitehall Street, 27th Floor\\\n\nNew York, NY 10004\\\n\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com) \\\n\nTel: (888) SueWallSt\\\n\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-november-13-2026-in-baidu-inc-lawsuit---bidu-302916604.html\n(https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-november-13-2026-in-baidu-inc-lawsuit---bidu-302916604.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA3032510\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1Sc9Z6a-20261022","title":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of November 13, 2026 in Baidu, Inc. Lawsuit - BIDU","author":"PR Newswire","ticker":"BIDU","created":"2026-10-22T14:11:01.023Z","tickers":["BIDU","9888"],"exchange":"NASDAQ","article_body":"SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of November 13, 2026 in Baidu, Inc. Lawsuit - BIDU\nPR Newswire\n\nNEW YORK, Oct. 22, 2026\n\nBaidu, Inc. told investors its AI-powered business was cushioning the collapse\nof its legacy search advertising franchise and had grown 49% year over year in\nthe first quarter of 2026. Three months later that same AI business contracted\n8% quarter over quarter, and a securities class action alleges the promise was\nmaterially overstated.\n\nNEW YORK, Oct. 22, 2026 /PRNewswire/ -- SueWallSt reminds purchasers of Baidu,\nInc. (NASDAQ: BIDU) securities, including call options, that a securities\nclass action has been filed on behalf of shareholders who acquired BIDU\nsecurities between November 18, 2025 and August 17, 2026. Find out if you\ncould qualify to recover your per-share losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=2480820046&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Find+out+if+you+could+qualify+to+recover+your+per-share+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nBIDU American Depositary Shares closed at $90.87 on August 18, 2026, a\none-session decline of $13.25 per ADS, or 12.73%, on unusually heavy trading\nvolume. That close sat $71.65 below the Class Period high of $162.52 reached\non January 22, 2026. The last day to move for lead plaintiff is November 13,\n2026.\n\nThe Promise\n\nFor three consecutive quarters the Company projected that its AI-powered\nbusiness was absorbing the decline in legacy search advertising. Revenue from\nAI-powered businesses was reported at roughly RMB 10 billion in the third\nquarter of 2025, up more than 50% year over year, then RMB 11.3 billion in the\nfourth quarter, then more than RMB 13.6 billion in the first quarter of 2026,\ndescribed as exceeding half of Baidu General Business revenue for the first\ntime.\n\nThe Reality\n\nSecond quarter 2026 results revealed the opposite direction. The Core\nAI-powered Business fell 8% quarter over quarter to RMB 12.5 billion while\nlegacy revenue kept deteriorating, and the complaint alleges that positive\nstatements about the Company's revenue prospects lacked a reasonable basis and\nthat revenue was reasonably likely to decline.\n\nPromise vs. Actual: By the Numbers\n\n * Projected, Q3 2025: AI-powered revenue of roughly RMB 10 billion, up over 50%\nyear over year, presented as offsetting softness in online marketing.\n * Projected, Q1 2026: Core AI-powered Business revenue above RMB 13.6 billion,\nup 49% year over year.\n * Actual, Q2 2026: Core AI-powered Business revenue of RMB 12.5 billion, down 8%\nsequentially, with year-over-year growth decelerating to 25%.\n * Actual, Q2 2026: AI Cloud Infra, the largest AI component, down 17% quarter\nover quarter from RMB 8.8 billion to RMB 7.3 billion.\n * Actual, Q2 2026: Legacy Business revenue down 23% year over year to RMB 10.4\nbillion; Online Marketing Services revenue down 19% year over year to RMB 13.1\nbillion.\n * The gap: full year 2025 total revenue of RMB 129.1 billion, a decrease of 3%\nyear over year, despite the reported AI expansion.\n\"Companies that make specific promises to investors about future performance\nhave an obligation to disclose known risks to those projections. Here the\ncomplaint alleges that shareholders were told an AI transition was offsetting\na 23% collapse in legacy revenue, only to learn that the AI business itself\nhad begun to shrink.\" -- Joseph E. Levi, Esq.\n\nSubmit your information here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=4288409950&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Submit+your+information+here)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the BIDU Lawsuit\n\nQ: What is the BIDU lead plaintiff deadline? A: The deadline to apply for\nlead plaintiff appointment is November 13, 2026. This deadline applies only to\ninvestors seeking to serve as lead plaintiff. Class members who do not apply\nmay still participate in any recovery without taking action before this date.\n\nQ: How much did BIDU stock drop? A: Shares fell approximately 12.73%, a\ndecline of $13.25 per share, after the Company disclosed second quarter 2026\nresults showing the Core AI-powered Business fell 8% quarter over quarter\nwhile Legacy Business revenue fell 23% year over year. Investors who purchased\nshares during the Class Period at artificially inflated prices and suffered\nlosses may be eligible to seek compensation.\n\nQ: What specific misstatements does the BIDU lawsuit allege? A: The complaint\nalleges Baidu, Inc. made materially false or misleading statements regarding\nthe ability of its AI-powered business to mitigate rapid declines in its\nlegacy online marketing business during the Class Period. When the second\nquarter 2026 contraction in the AI-powered business was disclosed, the stock\nprice declined sharply.\n\nQ: What do BIDU investors need to do right now? A: Investors may gather\nbrokerage records showing purchase dates, share quantities, and prices paid.\nSubmit your information for a no-cost, no-obligation evaluation of your\npotential recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4803455-14&h=1024758928&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fbaidu-inc-class-action-lawsuit-bidu%3Fprid%3D206935%26wire%3D4&a=Submit+your+information+for+a+no-cost%2C+no-obligation+evaluation+of+your+potential+recovery)\n. No immediate action is required to remain eligible as an absent class\nmember.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my BIDU shares, can I still recover losses? A: Yes.\nEligibility is based on when you purchased, not whether you still hold the\nshares. Investors who bought during the Class Period and sold at a loss may\nstill be eligible to participate.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nQ: What if I live outside the United States? A: U.S. securities class actions\ngenerally cover purchases on U.S. exchanges regardless of the investor's\ncountry of residence.\n\nCONTACT:\\\n\nLevi & Korsinsky, LLP\\\n\nJoseph E. Levi, Esq.\\\n\n33 Whitehall Street, 27th Floor\\\n\nNew York, NY 10004\\\n\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com) \\\n\nTel: (888) SueWallSt\\\n\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-november-13-2026-in-baidu-inc-lawsuit---bidu-302916604.html\n(https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-november-13-2026-in-baidu-inc-lawsuit---bidu-302916604.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA3032510\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-22T14:11:01.094970616Z","server_sent_at_ms":1792678261094},"received_at":"2026-10-22T14:11:01.153Z","source_url":"https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-november-13-2026-in-baidu-inc-lawsuit---bidu-302916604.html"},"analysis":{"id":"165282","press_release_id":"177334","analysis_json":{"industry":{"label":"Interactive Media & Services","sector":"Communication Services"},"redFlags":["pending securities class action against Baidu alleging materially misleading statements about AI business trajectory","Q2 2026 Core AI revenue declined 8% QoQ while legacy revenue fell 23% YoY"],"eventType":"legal_litigation","narrative":"SueWallSt (Levi & Korsinsky) issued a solicitation reminding Baidu investors of the November 13, 2026 lead plaintiff deadline in a securities class action covering purchases between November 18, 2025 and August 17, 2026.\n\nThe complaint alleges Baidu overstated the AI business offsetting its legacy ad decline; BIDU ADS fell 12.73% to $90.87 on August 18, 2026 after Q2 results showed Core AI revenue down 8% quarter over quarter and legacy revenue down 23% year over year.\n\nThis is law-firm marketing rather than new issuer disclosure; no settlement or certified class is announced.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation with no new issuer disclosure -- suppress from posting, but the underlying litigation is a standing overhang for BIDU."},"keyFigures":{"customDimensions":{"class_period_end":"August 17, 2026","one_day_drop_pct":"12.73%","class_period_high":"$162.52","stock_close_aug18":"$90.87","class_period_start":"November 18, 2025","lead_plaintiff_deadline":"November 13, 2026"}},"quotedText":"the complaint alleges that shareholders were told an AI transition was offsetting a 23% collapse in legacy revenue, only to learn that the AI business itself had begun to shrink","namedEntities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"Baidu, Inc.","ticker":"BIDU","relationship":"target of securities class action"},{"name":"SueWallSt.com","relationship":"plaintiff law firm brand powered by Levi & Korsinsky"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$13.25","context":"one-session per-ADS decline on August 18, 2026"},{"amount":"$90.87","context":"BIDU ADS close on August 18, 2026"},{"amount":"$162.52","context":"Class Period high reached January 22, 2026"}]},"materialImpact":{"score":2,"reasoning":"Plaintiff law-firm (Levi & Korsinsky / SueWallSt) solicitation reminding shareholders of a lead plaintiff deadline in an existing BIDU securities class action. No new issuer disclosure, no certified class or settlement; scored 2 only because the underlying class action targets a mega-cap household name."},"tickerRelevance":{"others":[],"primary":"BIDU"},"globalImportance":18,"audienceRelevance":35,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"BIDU is a widely followed ADR with an AI narrative, modestly lifting audience relevance"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"SueWallSt (Levi & Korsinsky) issued a solicitation reminding Baidu investors of the November 13, 2026 lead plaintiff deadline in a securities class action covering purchases between November 18, 2025 and August 17, 2026.\n\nThe complaint alleges Baidu overstated the AI business offsetting its legacy ad decline; BIDU ADS fell 12.73% to $90.87 on August 18, 2026 after Q2 results showed Core AI revenue down 8% quarter over quarter and legacy revenue down 23% year over year.\n\nThis is law-firm marketing rather than new issuer disclosure; no settlement or certified class is announced.","key_figures":{"customDimensions":{"class_period_end":"August 17, 2026","one_day_drop_pct":"12.73%","class_period_high":"$162.52","stock_close_aug18":"$90.87","class_period_start":"November 18, 2025","lead_plaintiff_deadline":"November 13, 2026"}},"named_entities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"Baidu, Inc.","ticker":"BIDU","relationship":"target of securities class action"},{"name":"SueWallSt.com","relationship":"plaintiff law firm brand powered by Levi & Korsinsky"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$13.25","context":"one-session per-ADS decline on August 18, 2026"},{"amount":"$90.87","context":"BIDU ADS close on August 18, 2026"},{"amount":"$162.52","context":"Class Period high reached January 22, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-22T14:11:07.192Z","global_importance":18,"audience_relevance":35,"importance_components":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"BIDU is a widely followed ADR with an AI narrative, modestly lifting audience relevance"}},"durationMs":5971,"modelName":"glm-5.3-flashx"}}