Baidu is a technology company that is described as the "Google of China". It operates an internet search engine in China. 

It has been developing an autonomous taxi service, also described as robo taxi, for a few years. The service is called Apollo Go. 

This article describes the current stage of the service. 

Here are my views about this business:

a) Robo taxis will be a big business in the future. It has high margin and will be very profitable.

b) I like the approach taken by the Apollo Go service, i.e. they operate on designed stations (to pick up and drop passengers). This allows their software to know the road conditions along the zone of operation. They will leave the business outside of the zone to the human taxi drivers.

I have bought shares in Baidu. The shares have dropped in value, but I am optimistic about the future of this stock. 

It has a PE ratio (TTM) of 7.81 times and the current stock price is 57% below its 52 week peak.

Caution - it appears that the PE ratio is computed wrongly. I saw another website that shows its PE ratio at around 15 times. Furthermore, the forward PE ratio has increased, due to a big loss in 3Q of 2021. The financial figures appear to be not attractive.

Note - I am sharing my personal opinion. I am not giving investment advice. Do you own research before you invest in any stock.

Tan Kin Lian