I took a look at BIDU via Yahoo Finance and its Statistics continue to be very impressive.  IMO, the company is undervalued even after discounting the fact that it is a Chinese company and the Xi Jinping factor.  Its forward PE is about 16.  I think that over the longer term (say one year to 18 moths), its forward PE could rise to, say 22.

Its estimates on earnings and revenue growth clocks in at about 20%+and15%.  And while I would assume it faces local competition, it does not have to worry about Google since I am sure Google’s penetration in China is either none or virtually none, that is an incredible level of protection.   

Profit and Operating Margins are also impressive.

It carries a boat load of cash in the balance sheet and its debt is quite manageable given its ample levels of revenue and operating cash flow.