BIDU
We reduced Baidu’s operating profit to CNY 4.5 billion in 2019, with an operating margin of 4.1%, based on our assumption that the cost structure will increase by approximately 950 million sequentially in the second, third and fourth quarters this year. This is in line with the company’s guidance it will contain the sequential increase in cost during the rest of the year to 1 billion per quarter. We continue to assume the operating margin will rise back to 12.5% in 2023, versus our previous assu...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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