|Bid||255.20 x 1100|
|Ask||257.78 x 1000|
|Day's Range||258.10 - 261.70|
|52 Week Range||175.10 - 284.22|
|PE Ratio (TTM)||25.31|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||287.05|
Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto. China's home-grown cartoons paled in comparison to the Japanese anime series on television and in comic books that captured the imaginations of Zhang and his generation. Today, Zhang is one of China's hottest cartoonists and at the forefront of a new wave of Chinese animation that is being driven by the country's technology and internet giants.
Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto. China's home-grown cartoons paled in comparison to the Japanese anime series on television and in comic books that captured the imaginations of Zhang and his generation.
Baidu (BIDU) took part in the IPO of Foxconn Industrial Internet (or FII) as a strategic partner. The Foxconn unit, which is a supplier for companies like Amazon (AMZN), Cisco Systems (CSCO), and Apple, listed successfully on the stock exchange in Shanghai in China’s largest IPO in about three years.
Baidu (BIDU) is gunning for revenues in the smart speaker market with a new device at a steeply discounted price. Baidu’s Xiaodu speaker was released in China on June 10 at a promotional price of roughly $14, which makes Xiaodu the cheapest smart speaker from a major Chinese brand. Although Baidu intends to continue the Xiaodu discount as long as it can, the device will retail at $39 after the promotion is over.
MARKET PULSE Shares of Chinese streaming company iQiyi Inc. (iq) are down 8.7% in Friday morning trading, extending their recent slide. The stock fell more than 12% in Thursday's session, marking its biggest single-day percentage drop on record.
Let’s talk about the popular Baidu Inc (NASDAQ:BIDU). The company’s shares saw a decent share price growth in the teens level on the NasdaqGS over the last few months. WithRead More...
Chinese stocks, while hardly the under-covered investment opportunity they were more than a decade ago, still have intriguing growth prospects. They still offer exposure to China's enormous market - according to PricewaterhouseCoopers, China could be the largest economy in the world with about 20% of world GDP by 2050. And they still can leverage the country's expanding middle class and booming Internet presence. China has several companies that operate essentially parallel to big U.S. stocks, especially in the technology sector. However, many of these companies have evolved into massive hybrid beats, catering to their users in both the online and offline space. Several of these stocks are trading on the cheap thanks to ongoing trade-war fears between the U.S. and China. However, Goldman Sachs (GS) CEO Lloyd Blankfein calls Trump's threat of slamming tariffs on another $200 billion of Chinese imports a negotiating tactic. "That's what you would do if it was a negotiating position, and you wanted to remind your counterparty just how much firepower you had to bring to the negotiation," he said. With this in mind, we used TipRanks' unique market data to pinpoint five trending Chinese stocks with big Wall Street support. The following is a look at these stocks, analysts' average price targets and an explanation as to why Wall Street is so bullish right now. Here's a look at these five "Strong Buy" stocks from the "Middle Kingdom." SEE ALSO: 25 Blue-Chip Stocks Mutual Fund Managers Love Most
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. Netflix has subscriber growth momentum too and now its $177 billion market dwarfs many of its competitors.
Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. all closed down Tuesday amid growing trade tensions between the U.S. and China.
Stocks that moved substantially or traded heavily Tuesday: Caterpillar Inc., down $5.38 to $143.30 Industrial companies fell after President Donald Trump proposed more tariffs on Chinese imports and China ...
Baidu, Inc. (BIDU) has announced that Baidu Create 2018, the company’s annual artificial intelligence (AI) developer conference, will be held on July 4th and 5th at the China National Convention Center in Beijing. It is anticipated that thousands of developers and partners from around the world will join Baidu at the event to discuss leading-edge AI technologies and the growth of Baidu’s open AI ecosystem over the past year. Building off the success of the inaugural Baidu Create in 2017, this year’s conference will be held over two days with a main forum and different sub-forums.
When iQiyi, Inc (NASDAQ:IQ) pulled off its IPO in late March, Wall Street was not impressed. Note that IQ stock has gone on to log a sizzling return of 124%. A big part of the move has been the change in the narrative of IQ.
One of the newer and more exciting names on the list red-hot, freshly-public China internet stocks is HUYA Inc – ADR (NYSE:HUYA).Huya stock is one to watch in a group that’s already teeming with possibility. China internet stocks have been red-hot lately. Instead, the latest craze in China internet stocks has centered around a new breed of freshly public China companies that are smaller than the industry titans.
Since coming public in late March at $18 per share, IQ stock has now risen 140% in less than three months. Like all momentum based stocks, it is impossible to pinpoint exactly how high IQ can climb before reality sets in. Given the recent scorching price action, however, I feel that IQ stock is fast approaching a moment of reckoning.
HONG KONG/SHANGHAI (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said. The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts (CDRs), sources said, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.
IQiyi short conviction ‘has remained steadfast,’ according to an analystReutersiQiyi split from Baidu in a March IPO. The recent rallies in shares of both Dropbox Inc. and iQiyi Inc. remain somewhat of a mystery, but investors can rule out a short squeeze. Short interest in Dropbox (DBX) hasn’t changed much lately, according to Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners, “so [Friday’s] price move was definitely not short-squeeze related.” Even if a short squeeze were to occur, he argued, it would have “a minimal impact” on the price of Dropbox shares since the stock isn’t shorted much to begin with.
Baidu (BIDU) enters into a partnership with China Mobile to use AI technologies for the development of telecommunication industry.
The past few months have been a roller coaster ride for China digital search giant Baidu Inc (ADR) (NASDAQ:BIDU). From the beginning of April to the middle of May, BIDU stock rallied from $220 to $280 thanks to resurgent strength in China technology stocks and a really strong double-beat-and-raise first-quarter earnings report which underscored strengthening long-term fundamentals. Lu was widely considered to be the “AI guy” at Baidu, and AI is at the core of Baidu’s growth engine.