Baidu Inc. (NASDAQ:BIDU) to Partner with Suning Appliance on B2C
"Strong Buy" Rated U.S.-Listed Chinese Stocks (February 17, 2012)
By Michael Liu
Baidu Inc. (NASDAQ:BIDU) has formed a strategic partnership with Suning Appliance on the B2C e-commerce market. Under the agreement, Baidu will provide a comprehensive solution to Suning's B2C business.
Baidu Inc. (NASDAQ:BIDU) shares are up 118% year-to-date. On average, wall street analysts are expecting its revenue and EPS to rise 39% and 41% in 2010 over 2009. Out of the 20 wall street analysts covering BIDU, 13 have a positive rating on the stock. Year-to-date, BIDU is currently the 16th best-performing Chinese stock listed in the U.S. Click here to see the complete ranking.
Suning Appliance is a leader in China’s 3C (Consumer appliances, Computer and Communication products) chain retailers of home appliances, operates nearly 700 chain stores in more than 150 cities of 29 provinces/municipalities along with 92,000 staffs by May 2008.
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