2024-03-17 04:55:00 ET
Baidu (NASDAQ: BIDU) and Alibaba (NYSE: BABA) were both once considered relatively safe plays on the Chinese economy's long-term growth. Baidu owns the country's leading search engine, while Alibaba operates its largest e-commerce marketplaces and its most widely used cloud infrastructure platform.
But over the past three years, Baidu's stock declined 60% as Alibaba's stock sank 68%. Let's see why these two Chinese tech stalwarts stumbled, and if either one is still worth buying as a turnaround play.
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Better Growth Stock: Baidu vs. Alibaba