Earnings up 27%
Revenue up 36%
Investors seeking high growth in Internet companies can turn to China. Despite having lagged behind other countries in initially migrating to cyberspace, China already has the world's largest Internet population. Baidu is the country's leading search engine, serving up more than two-thirds of China's search queries.
Sure, there are concerns that China's restrictive government will clamp down on the freedoms inherent with online surfing. The so-called "great firewall of China" isn't a myth, and regulators are moving toward verifying the identity of citizens going online. Baidu isn't growing as quickly as it used to, and a rival's pesky new search engine is a threat to swipe market share in 2013. However, the growth is there for a stock that is now trading at just 16 times forward earnings.