Baidu should be sold as market rebounds, says Citigroup Citigroup recommends selling shares of Baidu as the market rebounds instead of buying on dips. Citi expects the company to have a challenging 2013 and thinks acquisitions may not solve the company's problem with monetizing mobile traffic. The firm keeps a Sell rating on the stock with a $95.10 price target.
HK 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