Baidu (NASDAQ:BIDU) is hitting new 52-weeks highs, and that may surprise the boo birds that figured that Qihoo 360's (UNKNOWN:QIHU.DL) surprising arrival would eat into the Chinese search engine's market dominance.

Qihoo 360 has started to make a dent in Baidu's business, but the Chinese search market is growing so quickly that there's room for more than one winner.

In this video, Rick Munarriz discusses the bullish case for Baidu with Rex Moore, explaining why Qihoo 360's arrival may be a blessing in disguise.

Rex Moore and Rick Munarriz have no position in any stocks mentioned. The Motley Fool recommends and 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.