Better Buy: Baidu vs. MercadoLibre
Baidu (NASDAQ: BIDU) and MercadoLibre (NASDAQ: MELI) are both well-known stocks for investors seeking overseas growth. Baidu owns the largest search engine in China, and MercadoLibre is the largest e-commerce player in Latin America.
But over the past three years, Baidu's stock has declined nearly 50% as its core advertising business has withered. MercadoLibre's stock, meanwhile, has surged about 440% as more Latin Americans have started to shop online. Will MercadoLibre continue to generate stronger returns than Baidu? Let's dig deeper to find out.
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Source Fool.com
