Baidu-Alibaba spread to shrink as Singles' Day spree draws near

Alibaba will take the spotlight when investors around the world focus on the world’s top online shopping event, Singles’ Day. Most US-listed Chinese firms will be represented on the day. But Baidu will be an exception – it has it's one of the few large tech firms in China that has no e-commerce platform. So I expect that the spread between Baidu and Alibaba to shrink over the coming month, as equity prices of Chinese online retailers rally into the event.

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