Rumors that Google plans to reenter China don’t seem to have disrupted China’s paramount search engine. Baidu has flourished in Google’s eight-year absence, gaining invaluable expertise in navigating China’s heavily politicized cyberspace. It has also boosted ad sales with help from non-search products, like its video and news feed services. Revenue from ads grew 25% year over year in the second quarter, bringing in $3.18 billion. And Baidu aims to become a leader in autonomous driving and A.I., building on its background in intelligent-algorithm design.
Internet Software and Services
|Revenues ($M) (Past 12 Months)||$14,448|
|Profits ($M) (Past 12 Months)||$3,877|
|Market Value as of Oct. 10, 2018 ($M)||$68,012|