Chinese Internet Notes: Baidu In Focus
In this Chinese Internet Note, we focus on Baidu (NASDAQ: BIDU). Baidu will collaborate with China Mobile to launch a data center, and has launched a stock analysis app for small investors.
We have a price estimate of $211 for Baidu, about in line with the market price.
See our complete analysis of Baidu here
China Mobile And Baidu Plan Data Center
Baidu has joined with telecom operator China Mobile to open a data center in Beijing. This large cloud data center will cater to the needs of mobile Internet businesses in China. The first phase of the project will be completed by early 2016. Once completed, the data center will host 40,000 servers. Baidu’s expertise in this area is expected to help it create energy saving designs with automatic operation and maintenance. [1]
Baidu Launches Stock Analysis App
Baidu is giving small investors an app to help them evaluate stocks in the Chinese, Hong Kong and U.S. equity markets. The company claims this new app will use big data analytics to predict how stocks, sectors and markets may perform. The app will use information from news, market data and Baidu search data to provide its analysis. It will, however, not provide trading recommendations. [2] The app, called the Baidu StockMaster, is expected to generate considerable interest among small investors. ((ref:2))
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