- Current Price: $152
- YTD: -13.4%
- Percentage below 52-week high: 21%
China is the biggest Internet market in the world and Baidu (BIDU) controls 65.7% of it as the leading Chinese language Internet search provider. Plus, China has surpassed the U.S. as the largest market for smartphones in the world. Baidu is aggressively investing in mobile products.
Baidu acquired app store 91 Wireless for $1.9 billion, and revenue from Baidu’s core mobile search app grew 50% in 2013. Analysts expect the company’s revenues to jump 41% for the full year 2013, year over year. Baidu is expected to report earnings on Feb. 26.