China's leading search engine unveiled the partners behind the entry-level handsets that will champion its new Baidu Cloud mobile operating system update. Foxconn, Sichuan Changhong Electric, and wireless carrier China Unicom
After teaming up with Dell
It's a smart move.
China may still be an emerging market, but there are already more smartphone owners in the world's most populous country than the entire U.S. population.
Baidu can't afford to let Western powerhouses Google
This isn't necessarily a matter of Google's Android or Apple's iOS funneling searchers elsewhere, but Baidu would prefer to be the company behind the smartphones. It makes it that much easier to make sure that they lean on Baidu's services as well as its popular search engine.
Baidu can use the boost after posting disappointing first-quarter results last month. Baidu Cloud's success as a platform could go a long way toward combating decelerating top-line growth at the slowing speedster.
Bullish on Baidu
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Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.