China's answer to Nasdaq, The Science and Technology Board, is set to launch soon.
China enterprise focused SAAS, a notable laggard to consumer focused tech IPO's, stand to uniquely benefit from this exchange.
SAAS model of high upfront customer acquisition cost disproportionately benefits search driven advertising where Baidu has 70%+ market share.
Baidu Maps future potential monetization and other developing Baidu moats in AI being drastically discounted by market.
What’s Behind Baidu’s Depressed Valuation?
Since the Nasdaq bottomed in late December, Baidu has notably lagged the index and its china titan peers.
(note Baidu has added 700bps last three days vs. where it has