Baidu: Major Potential For China’s Tech Titan (NASDAQ:BIDU) – Seeking Alpha
Summary
- Strong leadership positions in numerous hypergrowth sectors will drive strong growth expected into 2030.
- Apollo Go self-driving taxis are chartered in several major Chinese cities.
- Macroeconomic recovery in China, the zero COVID policy ended with lots of pent-up demand from consumers and advertisers. Baidu is a leader in search in China.
- Expecting tailwinds in advertising space, as firms shift from cost-saving measures to returning to expansion.
Investment Thesis
Baidu (NASDAQ:BIDU) is a Chinese internet and technology firm. BIDU has market leadership in China for search engines, with a market share representing some 700 million monthly active users – close to 80% market share. Not only a domineering position for the Chinese internet but represents a family of over a dozen applications and companies across sectors. Infrastructure as a service, self-driving, AI research, and advertising.
BIDU holds an effective government-enforced monopoly for search. As China’s premiere…
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source: https://news.oneseocompany.com/2023/04/04/baidu-major-potential-for-chinas-tech-titan-nasdaqbidu-seeking-alpha_2023040443025.html
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