Independent TMT Analyst

Edison Lee, CFA

Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/179" target="_blank" data-smartkarma-citation="entities:179:1">Baidu Inc (ADR) (BIDU US)</a>  announced today that the consortium led by its founder and CEO Robin Li has withdrawn its non-binding offer to acquire iQiyi, the online video division of Baidu, because the consortium failed to agree with Baidu on the valuation.</li>
<li>As highlighted in my in-depth report <a href="https://www.smartkarma.com/insights/alphabet-beats-baidu-on-risk-growth-potential-and-valuation" target="_blank" data-smartkarma-citation="insights:4316">Alphabet Beats Baidu on Risk, Growth Potential and Valuation</a> , iQiyi is probably significantly loss-making because it faces intense competition from <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding Ltd (BABA US)</a> 's Youku Tudou and…</li>
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Baidu Inc (ADR) (BIDU US)  announced today that the consortium led by its founder and CEO Robin Li has withdrawn its non-binding offer to acquire iQiyi, the online video division of Baidu, because the consortium failed to agree with Baidu on the valuation.
As highlighted in my in-depth report Alphabet Beats Baidu on Risk, Growth Potential and Valuation , iQiyi is probably significantly loss-making because it faces intense competition from Alibaba Group Holding Ltd (BABA US) 's Youku Tudou and…


Baidu Cancelled MBO of Its Online Video Division; 3Q Guidance May Shock Negatively