Baidu, Inc. Sponsored ADR Class A
做多
已更新

BAIDU 63.6% cash & short term inv., P/E 8.7,possible rotation TA

449
Baidu largest search engine in china but way less monopoly in china, there is also bing.
Baidu invests heavily in AI and autonomous driving by apollo go.
China economy is in deleveraging and seems to start growing again.
China devlation problems comapnies sitting on cash.
Baidu advertisment income will come back if the chinese economy improves.
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congratulations to all buyers i sold my position.

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