Baidu: Buy Opportunity
Baidu is the search leader in the most populous country, and has been called the "Google of China." While that analogy is entirely accurate, Baidu is positioned to capitalize on a vast number of opportunities beyond its core search.
Baidu CEO, Robin Li had identified 4 area of focus for Baidu - content distribution, connecting services, financial innovation and AI.
Baidu has been investing across a broad spectrum of this nascent technology to improve its core search relevance, provide products to the consumer smart-home market, and develop self-driving cars.
China has the largest auto market globally and expects China to achieve a leading position globally in autonomous driving in 3 to 5 years.
Apollo, its open-source autonomous car unit, is the most advanced in China. Baidu has partnered with more than 80 companies on the technology and plans to sell a wide range of hardware that will plug into cars to run its self-driving systems.
Baidu trades down 10% due to the departure of the COO from daily activities.
The company has a long history of growth without the involvement of Qi Lu.
The stock continues to trade favorably to domestic peers despite massive margins.
Despite being a dominant player in the fast-growing internet space in China, Baidu (BIDU) consistently trades at a discount to American peers. The departure of a key executive provides good opportunity to own this stock on a 10% dip.
Baidu CEO, Robin Li had identified 4 area of focus for Baidu - content distribution, connecting services, financial innovation and AI.
Baidu has been investing across a broad spectrum of this nascent technology to improve its core search relevance, provide products to the consumer smart-home market, and develop self-driving cars.
China has the largest auto market globally and expects China to achieve a leading position globally in autonomous driving in 3 to 5 years.
Apollo, its open-source autonomous car unit, is the most advanced in China. Baidu has partnered with more than 80 companies on the technology and plans to sell a wide range of hardware that will plug into cars to run its self-driving systems.
Baidu trades down 10% due to the departure of the COO from daily activities.
The company has a long history of growth without the involvement of Qi Lu.
The stock continues to trade favorably to domestic peers despite massive margins.
Despite being a dominant player in the fast-growing internet space in China, Baidu (BIDU) consistently trades at a discount to American peers. The departure of a key executive provides good opportunity to own this stock on a 10% dip.
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