Baidu reported outstanding results for the second quarter

Chinese internet giant Baidu published 85% jump in its financial results for the second quarter of the fiscal year reporting net income of $654 million. The reason for such strong recovery is company’s strategy to focus on the strengthening the mobile application development along with the new projects related to the artificial intelligence. Such strategy enabled company to increase the quality of production and, consequently, increase revenues.

Over the past week, Baidu’s shares rose 9% and continue to rise. This is an outstanding opportunity for traders to profit a great deal by making a positive forecast. The trade will be available during American session from 13:40 to 20:00 GMT.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions