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Stock Market & Financial Investment News

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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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November 27, 2015
09:36 EDTBIDUActive equity options trading on open
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November 24, 2015
05:48 EDTTCEHYAlibaba shopping stake in Meituan-Dianping, WSJ reports
Alibaba (BABA) is in talks to sell a stake in Meituan-Dianping, an online booking and discounts platform in China, as part of a plan to focus on an alternative platform of its own, The Wall Street Journal reports. According to sources, Alibaba is shopping its roughly 7% stake in the company, worth about $1B, in a move to focus on the Koubei platform that it launched last June with its financial affiliate. Rival Chinese Internet company Tencent (TCEHY) is said to be planning a $1B investment in Meituan-Dianping, the publication also notes. Reference Link
05:43 EDTTCEHYApple to launch Apple Pay in China by February, WSJ reports
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November 17, 2015
08:03 EDTTCEHYWestern Union offers new global money transfer service on WeChat
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06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
November 15, 2015
13:12 EDTBIDUBaidu shares look attractive on O2O potential, Barron's says
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