4 Reasons I'm Buying Baidu Inc. (ADR) Stock
Chinese search giant Baidu (NASDAQ: BIDU) is often dismissed as a slow-growth tech stock that has run out of room to grow. Its heavy investments in expanding its ecosystem into adjacent markets have weighed down its bottom line growth, making the stock seem like dead money. Despite those challenges, however, I recently started a new position in Baidu for four main reasons. That dominant position enables it to expand its ecosystem in the same way as Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google. Its sprawling ecosystem now includes Baidu Maps, video streaming site iQiyi, its Duer voice assistant, the Baidu Wallet payment platform, numerous portal sites, and various O2O (online-to-offline) services in its "monolithic" mobile app.
Jan-31-2017, 16:35:25 GMT
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