|Day's Range||303.000 - 307.400|
|52 Week Range||179.600 - 308.600|
|PE Ratio (TTM)||62.62|
|Dividend & Yield||0.08 (0.20%)|
|1y Target Est||N/A|
Using Singapore as a starting point, tech companies are expanding rapidly in Southeast Asia, a market of 625 million people. The region is an exciting alternative to slowing Chinese growth.
Baidu Inc said on Friday that it has entered a strategic agreement with PayPal Holdings Inc to tap overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. Under the agreement, Baidu's payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal merchants globally, the Chinese firm said in a statement on Thursday. "Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience," said Baidu senior vice president Guang Zhu.
China's largest provider of on-demand services Meituan-Dianping, backed by Tencent Holdings Group Ltd , said it planned to invest heavily in offline retail services in a strategy that will pitch it directly against China's top e-commerce firms. Meituan-Dianping has more than $3 billion remaining from a $3.3 billion funding round in early 2016, and has no plans for an initial public offering before completing setting up infrastructure for services including offline retail, VP of strategy Shaohui Chen told Reuters on Wednesday.