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Why This Stock Has an Edge Over Baidu, Alibaba & Tencent

Artificial intelligence has been touted as the greatest thing since e-commerce for the tech sector. And software maker iFlytek (002230.CN) is seen as a promising contender for winning in the AI game.

Jefferies analyst Rex Wu had a look at iFlytek’s competitive advantages over Chinese internet giants Baidu (BIDU), Alibaba (BABA) and Tencent (700.HK).

Although internet companies are heavily investing in AI, management noted iFlytek's edge includes: 1) Leadership in fundamental research, thanks to Big Data accumulation, academic partnerships (China Academy of Science's sole partner), industry partnerships (education, healthcare). Different from competitors, iFlytek completely open-sourced this capability to third-party developers (now over 350k) through its own cloud platform. 2) High entry barrier in 2B verticals, because iFlytek has better understanding of customers' problems, and more...

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