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Baidu Dollars Likely Shifting to Alibaba Near Term; Raising Our Fair Value of Yahoo

publication date: Mar 22, 2014
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The excitement surrounding the initial public offering of Alibaba may pressure peers such as Baidu as investors raise capital for the offering in the near term. We continue to be optimistic about Baidu's long-term growth potential, however, and the company remains a holding in the Best Ideas portfolio. We've updated our valuation of Yahoo.

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