- Motley Fool•14 hours ago
Shares of the Chinese dot-com pioneer moved higher after exceeding its revenue target. Sogou continues to lead the way at Sohu.com.
- Reuters•19 hours ago
BEIJING, Feb 21 (Reuters) - iQiyi.com, the video subsidiary of Chinese internet company Baidu Inc, has raised $1.53 billion in new funds to compete with rivals in the country's hotly contested online entertainment sector. The investment took the form of convertible bonds issued by iQiyi to investors including Baidu, Hillhouse Capital, IDG Capital and Sequoia Capital, Baidu said in a statement on Tuesday. Baidu invested $300 million as part of the issuance.
Baidu (BIDU), China's Google, has advanced 12.6% this year as sentiment towards Chinese stocks has improved. News feed products received agencies' interests simply on high rebate, while Baidu's revenue is recorded net of rebate, unlike Tencent, thus incremental from that part may not be as large as the market would have expected.
BIDU : Summary for Baidu, Inc. - Yahoo Finance
Baidu, Inc. (BIDU)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||185.20 x 200|
|Ask||185.99 x 200|
|Day's Range||183.31 - 185.93|
|52 Week Range||154.79 - 201.00|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||13.96|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|