Baidu, Inc. is a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence, headquartered in Beijing's Haidian District. It is one of the largest AI and Internet companies in the world
Dominating the Chinese Web:
1. Top Dog: Baidu holds a whopping 70%+ market share in China's search engine market, meaning over 90% of Chinese internet users rely on it daily.
2. More Than Search: It's the "Google of China," offering maps, music, news, cloud storage, and even its mobile operating system!
3. Early Adopter: Baidu predated Google's ad bidding system by a year, pioneering a pay-per-click model that became the industry standard.
Tech Titan with a Vision:
1. AI Powerhouse: Baidu boasts over 7,000 published AI patent applications, the most in China. Its open AI platform, Baidu Brain, empowers developers with powerful tools.
2. Driving Forward: Baidu Apollo is at the forefront of autonomous vehicle technology, with self-driving taxis already operating in select Chinese cities.
3. Fighting Pandemics: During the COVID-19 outbreak, Baidu developed health-monitoring tools and AI-powered solutions to combat the virus.
In conclusion, Baidu's importance to China lies not just in its dominant search market share, but also in its role as a technological innovator, economic driver, and contributor to the country's digital future. It paves the way for information access, fuels AI advancements and shapes the internet landscape within the unique Chinese context.
We will be adding Baidu to our portfolio if the share price keeps on falling. It is currently trading at 2019 levels but a greater discount will be an opportunity to accumulate downwards. The stock price is trading below its 48 Months Moving Average, making the stock attractive at current levels.
Dominating the Chinese Web:
1. Top Dog: Baidu holds a whopping 70%+ market share in China's search engine market, meaning over 90% of Chinese internet users rely on it daily.
2. More Than Search: It's the "Google of China," offering maps, music, news, cloud storage, and even its mobile operating system!
3. Early Adopter: Baidu predated Google's ad bidding system by a year, pioneering a pay-per-click model that became the industry standard.
Tech Titan with a Vision:
1. AI Powerhouse: Baidu boasts over 7,000 published AI patent applications, the most in China. Its open AI platform, Baidu Brain, empowers developers with powerful tools.
2. Driving Forward: Baidu Apollo is at the forefront of autonomous vehicle technology, with self-driving taxis already operating in select Chinese cities.
3. Fighting Pandemics: During the COVID-19 outbreak, Baidu developed health-monitoring tools and AI-powered solutions to combat the virus.
In conclusion, Baidu's importance to China lies not just in its dominant search market share, but also in its role as a technological innovator, economic driver, and contributor to the country's digital future. It paves the way for information access, fuels AI advancements and shapes the internet landscape within the unique Chinese context.
We will be adding Baidu to our portfolio if the share price keeps on falling. It is currently trading at 2019 levels but a greater discount will be an opportunity to accumulate downwards. The stock price is trading below its 48 Months Moving Average, making the stock attractive at current levels.