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Baidu CEO: Chinese verticals are attractive investments

Baidu CEO Robin Li says he sees lots of investment opportunities in the Chinese economy.

"The overall Chinese economy is so friendly to [the] Internet that you can find opportunities in almost every vertical sector," he said Friday at the DCM Ventures CEO Summit in San Francisco.

"That's why we think we have a chance to get a piece of that, but we just cannot afford to do it by ourselves because nobody can do everything perfectly."

Read More4 trades on string of Internet earnings

The Chinese Web services company saw its stock plunge about 6 percent in extended-hours trade on Monday after forecasting revenue fell below average analyst estimates. The Chinese search engine giant said it expects revenue of 18.17 billion yuan ($2.93 billion) to 18.58 billion yuan ($2.99 billion), below the 18.79 billion yuan ($3.03 billion) expectations of analysts polled by Reuters. The firm reported second-quarter earnings that beat on both the top and bottom lines.

Li said that the perception that his company does not invest in start-ups is wrong. "We actually invested in a lot of companies and we only take a minority stake. We are trying to form a friendly ecosystem for Baidu so that going forward we get into new areas," he said.

—CNBC's Evelyn Cheng contributed to this report.