Baidu (BIDU) spiked to recent highs on headline-grabbing news that Tencent (TCEHY) was interested in supplying the Chinese Internet search giant with some cash to part with an asset. Like a lot of Chinese stocks, Baidu has been under extreme pressure this year due to the coronavirus outbreak and fears of U.S. legislation restricting Chinese companies from listing on U.S. stock exchanges without reform. My investment thesis remains locked in on owning Baidu, as the company has several ways to reward shareholders.
Image Source: Variety
Making A Deal
Baidu is heavily