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Stock Market & Financial Investment News

News Breaks
November 23, 2012
10:33 EDTBIDUBaidu 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.
News For BIDU From The Last 14 Days
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February 5, 2016
06:33 EDTBIDUChinese public growing unhappy with Baidu, WSJ says
The people of China are becoming unhappy with Baidu, and the internet search giant needs to exercise a balance to maintain profit and public interest, Wall Street Journal columnist Li Yuan says. Yuan brings up the example of Pan Longfei, a man with a rare heart and kidney disease who was led astray to a private hospital featured on a sponsored link on Baidu, when a public hospital in Guangzhou was able to properly diagnose and treat his condition better. Baidu is the largest search engine in China with approximately 80% of the market, the report says. Pan joined a revolt against Bauidu after seeing a post claiming that Baidu populated the web with information from shoddy businesses, including a hospital which reportedly didn't have a medical license, the report says. Reference Link

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