|Day's Range||196.75 - 201.23|
|52 Week Range||156.23 - 201.23|
|PE Ratio (TTM)||43.91|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
On Thursday (July 27), California-based payment giant PayPal announced that it’s partnering with Chinese search giant Baidu—the latest sign of how the fight has heated up for a piece of the mobile spending of the more than 130 million Chinese travelers who head overseas each year. The move will eventually allow Chinese shoppers to use…
Amazon, Electronic Arts, Baidu and Mastercard are in buy zones with earnings due Thursday. Stock futures generally rose overnight, fueled by Facebook.
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.