July 24, 2012
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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