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Stock Market & Financial Investment News

News Breaks
April 17, 2014
07:29 EDTTCEHY, BIDUBaidu launches mobile wallet in China to compete with peers, TNW says
Baidu (BIDU) has joined its Chinese Internet peers Tencent (TCEHY) and Alibaba by launching Baidu Wallet, its own mobile wallet offering, reported TheNextWeb. Reference Link
News For BIDU;TCEHY From The Last 14 Days
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August 31, 2015
17:41 EDTTCEHYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
05:44 EDTBIDUBaidu upgraded to Buy from Hold at Jefferies
Jefferies analyst Cynthia Meng upgraded Baidu to Buy saying concerns around search ad spending are overdone. Recent channel checks with top ad agents indicated "strong traction" for performance-based ads, with any cuts to ad budgets being mostly offset by more allocation toward key word search from display ads, Meng tells investors in a research note. At current levels, Meng believes Baidu shares have largely priced in reduced earnings growth expectations. She keeps a price target of $210 for the stock. The Chinese search giant closed Friday up 7c to $152.13.
August 24, 2015
05:57 EDTBIDUStocks with implied volatility below IV index mean; BIDU GOOG
Stocks with implied volatility below IV index mean; Baidu (BIDU) 41, Google (GOOG) 31 according to iVolatility.
August 21, 2015
05:21 EDTTCEHYeLong retains financial advisor, legal counsel
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August 20, 2015
07:20 EDTBIDUCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
August 19, 2015
07:34 EDTBIDUChinaNet Online announces partnership with Baidu
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August 18, 2015
16:19 EDTTCEHYTencent invests $50M in messaging app Kik
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06:36 EDTTCEHYHuayi sells $560M in shares to group including Alibaba, Tencent, Variety reports
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August 17, 2015
10:27 EDTTCEHYTencent upgraded to Buy from Hold at Summit Research
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