Baidu Inc (Nasdaq: BIDU) runs the largest search engine in China. Its namesake search engine holds a 70% market share in the world’s largest internet market with about 900 million users. Baidu was listed on the United States Nasdaq stock exchange in 2005 at an offering price of US$27. It had since risen to the current US$106. In this article, we delve into its businesses, latest earnings, historical financials, and competitive strengths. Business Overview  Baidu’s business covers three key main areas: search ecosystem, Artificial Intelligence (AI), and online entertainment services. The search ecosystem connects users to information online through websites, apps, and mini-programs are accessible through mobile devices, computers, and other smart devices. Its flagship Baidu App offers search-plus-feed functions that leverage deep user insights from a vast database to provide accurate search results. As of end-2019, Baidu App has daily active users of 195 million. The AI segment utilises Baidu’s in-house technology to offer various AI-driven smart...