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Baron Funds Comments on Baidu

August 24, 2012 | About:
Holly LaFon

Holly LaFon

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From Baron Funds' second quarter commentary:

Baidu, Inc. (BIDU) is the largest search engine in China with close to 90% market share. The stock was down 21.1% in the second quarter due to concerns that a slow economic environment in China could negatively impact spending on online advertising. Additionally, investors are increasingly focused on how dominant Internet companies like Baidu and Google will navigate the shift towards growing mobile usage. Despite these concerns, we continue to hold shares of Baidu due to its dominant market position and financial resources to pursue growth in adjacent markets. (Catherine Chen)

Rating: 2.5/5 (2 votes)

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