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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:19 EDTCTRP, BIDUBaidu invests $300M in travel website, WantChinaTimes says
Chinese search engine Baidu (BIDU) has invested $300M in China's leading travel booking website, Qunar, according to WantChinaTimes, which cited Chinese-language newspaper Morning Post. The move has caused speculation that Qunar's rival, Ctrip.com (CTRP), could seek financial support from other major Chinese Internet players, WantChinaTimes stated. Reference Link
News For BIDU;CTRP From The Last 14 Days
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July 1, 2015
05:54 EDTCTRPCtrip.com recommended into Q2 earnings report at Piper Jaffray
Piper Jaffray analyst Michael Olson recommends owning shares of Ctrip.com into the company's Q2 earnings report. Olson views China travel fundamentals as solid and sees potential for Ctrip's margin expansion to top expectations. He reiterates an Overweight rating on the stock with a $91 price target.
June 30, 2015
06:55 EDTBIDUBaidu to invest roughly $3.2B in offline-to-online unit, TechCrunch reports
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June 22, 2015
06:09 EDTBIDUHK opens door to Alibaba and others to to return 'home', Financial Times says
Hong Kong's stock exchange has opened the door to Alibaba (BABA) listing on its home market, reports the Financial Times. The xchange said it would re-examine its current bar on China-based companies having a secondary listing of their shares in the city. The move could permit groups like Alibaba, Baidu (BIDU), and JD.com (JD) to return "home" via secondary listings." Reference Link

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