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Stock Market & Financial Investment News

News Breaks
January 15, 2014
07:49 EDTBIDU, BIDUBaidu is an internet top pick for 2014 at CLSA
CLSA said Baidu is one of the cheapest Chinese internet stocks and should start benefiting from heavy mobile investments. The analyst said Baidu is the default search Chinese search engine and is able to capture search queries of native apps, mobile webs, or local businesses. The firm said competitive threats are small and that the company should be able to sustain 35%-40% revenue growth. Shares are Outperform rated.
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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