Baidu currently serves under 2% of China’s SMEs. Advertiser base has a long runway of growth before it reaches maturity. We may not see it in our lifetime.
70 million daily active mobile users, Baidu is dominant in the mobile search market given user base, strong brand, and unrivaled knowledge of Chinese culture and language.
CNY 33 billion cash mountain, Baidu has ample dry powder to pursue M&A opportunities to either consolidate its domestic market position or expand into oversea search markets.
George Gutowski writes from a caveat emptor perspective. He recently wrote a financial mystery where a Wall Street Titan is assassinated. See if you cheer for the assassin. Available on Amazon http://amzn.to/1yF4QYf