While many investors have their attention on Google, it isn't the only technology growth story out there. Believe it or not, there is a market that Google does not dominate: C-H-I-N-A!
Baidu has a strong foothold in China. The search company went public on the NASDAQ four years ago.
I remember when the company IPO'd at the NASDAQ, it feels like just weeks ago. Their celebration party was across the street from the NASDAQ, at the Blue Fin in Times Square. I was lucky enough to be invited… that was when I met Robin Li, Baidu's Chairman & CEO, the company he co-founded in 2000. Li had a very clear vision, knew his target user inside out.
Baidu was the first Chinese company to be listed on the NASDAQ 100 Index back in 2007. Year-to-date, the stock is up more than 200%, compared to the 35% gain on the NASDAQ.