Side by sideTencent (0700.HK) and Baidu (9888.HK)Memos of October 10, 2026 and October 16, 2026
Tencent vs Baidu stock: the numbers side by side (October 2026)
How do Tencent and Baidu compare?
| Tencent 0700.HK | Baidu 9888.HK | |
|---|---|---|
| Revenue growth | 13.9%Year to Dec 2025 | -3.0%2025 |
| Operating margin | 32.1%Year to Dec 2025 | -4.5%2025 |
| Dividend yield | 1.2%Today (Oct 9, 2026) | 0.0%Today (Oct 16, 2026) |
| P/E, last 12 months | 14.2xToday (Oct 9, 2026) | not meaningfulToday (Oct 16, 2026) |
| P/E, next 12 months | 11.8xToday (Oct 9, 2026) | 14.0xToday (Oct 16, 2026) |
| Weighted price forecast, about 1 year | 433.24 (+4 %)October 2027 | 85.13 (+8 %)October 2027 |
| Weighted price forecast, about 3 years | 575.73 (+41 %)October 2029 | 107.94 (+37 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Tencent | The higher figure |
| Operating margin | Tencent | The higher figure |
| Dividend yield | Tencent | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | Tencent | The lower figure |
| Weighted price forecast, about 1 year | Baidu | The higher weighted return |
| Weighted price forecast, about 3 years | Tencent | The higher weighted return |
What does each company do?
Tencent Holdings Limited sells games, digital content, advertising, payments and business technology to consumers, advertisers, merchants and organizations.
Tencent (0700.HK), from our memo of October 10, 2026 · Tencent stock forecast
Baidu sells access to users through search, feeds and services.
Baidu (9888.HK), from our memo of October 16, 2026 · Baidu stock forecast
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