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.
Baidu rumored to buy payment operator 99Bill, Marbridge Daily says Baidu has struck a deal to acquire Chinese third-party payment provider 99Bill for RMB 2B, according to TechWeb, reported Marbridge Daily. Reference Link