@extremetechfund on further research Charlie Chai, said a more challenging cloud market would force companies to focus on product differentiation and that Baidu was well positioned as it had "unique, AI-centric products". So perhaps they don’t need to react aggressively.

To what extent can we expect these competitive dynamics to play out in the rest of the world? I understand that, like in China, the rest of the world's cloud infrastructure is in the hands of just a few major players—though no state-owned entities, of course.

Yeah crazy. On top of that $BABA cloud positive negative rev growth...