Indonesia
BNPL products accounted for about 89% of the company’s total financing portfolio.
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Greater China
Revenue rose 1.5% to $51.12b.
Singapore
Despite this turnaround, the market’s reaction echoed that of the 2023 sell-off.
Revenue for the full year increased 36.3% to $22.9 billion from $16.8 billion in 2024.
The company reported a 159% year-on-year jump in revenue to $79 million.
Sales dropped 41.1% from a year earlier.
It was preparing for mass production of the next-generation SU7.
The profit decline was largely due to a surge in delivery costs amid a subsidy war.
Last year, foreign investors began boosting their holdings of Chinese stocks in a big way.
Strength in its cloud business has helped Baidu offset weakness in its mainstay advertising unit.