New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 31, 2012
07:35 EDTBIDUBaidu estimates lowered at Credit Suisse
Credit Suisse expects Baidu to use the $1.5B proceeds from its debt raising for M&A and lowered estimates to account for increased costs and risks. The analyst believes Baidu may be targeting Kingsoft to hedge against Qihoo (QIHU) or UCweb for its mobile search. The firm reiterates its Underperform rating and lowered its price target to $80 from $82.
News For BIDU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use