What’s Behind Baidu’s Success?
As Chinese technology stocks fell last month, with Tencent (TCEHY) falling 9.8%, Sina (SINA) falling 5.0%, and Sohu (SOHU) falling 29%, Baidu (BIDU) showed resilience—its stock rose nearly 2.0%. Meanwhile, Alibaba (BABA) gained less than 1.0%. Furthermore, Baidu’s revenue rose 32% in Q2 2018, reaching a record $3.9 billion.