What factors are contributing to Baidu's recent stock challenges?

Baidu faces significant challenges as the Chinese government attempts to support its tech sector following years of regulatory pressure. However, the absence of founder Robin Lee at a high-profile meeting has raised investor concerns, contributing to a $2.4 billion market value loss. This notable absence may signal deeper issues about Baidu's future position in the Chinese tech landscape. The company's challenges are further complicated as it navigates integrating AI into its search engine while adapting to shifting market dynamics, raising questions about its competitive standing moving forward.