The last several months have seen a reversal of fortune for Chinese search powerhouse Baidu (NASDAQ:BIDU) and its investors.
The company was dragged down throughout much of 2012 and the beginning of this year amid fears of slowing growth, lack of a mobile presence, and increased competition from some of China's most powerful tech names. Fast forward to today, and Baidu has made significant strides to address these issues, although it still has plenty of work ahead of it.
On the mobile front, the company has made some impressive progress in shifting its powerful search and advertising model onto the smartphones and tablets that increasingly dominate online activity in China. Investors and analysts were recently given yet another example of this progress with some positive news regarding the growth of one of Baidu's mobile products.
In the video below, Fool contributor Andrew Tonner examines the news, and why although it's not cheap, he still believes Baidu is an outstanding stock.
Fool contributor Andrew Tonner owns shares of Baidu. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends Baidu. The Motley Fool owns shares of Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.