Beaten down on macro and mobile worries, Baidu (BIDU +10%) is rallying strongly after its Q2...

|By:, SA News Editor

Beaten down on macro and mobile worries, Baidu (BIDU +10%) is rallying strongly after its Q2 report and Q3 guidance made it clear that the Chinese search giant's growth remains quite healthy for now. Barclays (Overweight) sees the report, which featured a major increase in ad revenue/customer, as evidence of the untapped opportunity presented by Chinese SMEs. Multiple analysts note the strength of Baidu's display ad sales to third-party sites. SINA +1.7%. (transcript)