Baidu Q4 revenue likely to top consensus, says Maxim Maxim believes Baidu's Q4 revenue will likely beat consensus while its earnings may be higher than expected when the company reports on February 26. The firm says consolidating 91 Wireless in Q4 may bring $40M-$45M in incremental revenue to Baidu with $10M-$15M of incremental net income. Maxim reiterates a Buy rating on the stock.
Baidu to partner with Citic Bank to launch online bank, Financial Times reports Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link