1 Chinese Tech Stock for the Long Run
The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Charly Travers, Jason Moser, and Joe Magyer, discuss the latest business news. Shares of Baidu finished up more than 7% today after the Internet search giant reported that second-quarter revenue came in 60% higher than a year ago. The surge was enough to lift other leading Chinese tech stocks Dangdang, SINA, and Yoku to gains for the day. Despite a strong day, shares of Baidu are still underperforming the S&P 500 by more than 20% over the past year. In this segment, the guys analyze the challenges facing Chinese technology companies and share why Baidu is in shape to perform well over the next decade.
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The article 1 Chinese Tech Stock for the Long Run originally appeared on Fool.com.Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Baidu.com.Motley Fool newsletter serviceshave recommended buying shares of Baidu.com and SINA. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days. The Motley Fool has adisclosure policy.