$Baidu(BIDU)$ I dived into Baidu (BIDU) business, the "Google of China". Studying their financial statements it is pretty clear that Baidu is much more than the search engine of China. Baidu leverages on the profits coming from their advertisement business to fuel growth in other areas such as cloud and a multitude of artificial intelligence initiatives. Baidu is in the middle of a costly business turnaround, where it seeks to diversify its revenue strem. Will they succed? I am not sure. However, based on my calculations, Baidu is strongly undervalued and presents an attractive by opportunity. What do you think of Baidu as an investment? do you think it is undervalued?
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