Baidu expected to report solid Q4 results, says Macquarie Macquarie expects Baidu to report solid Q4 results that are in-line or better than management guidance. The firm expects results to be driven by its mobile search business, iQiyi video and Qunar, and a solid PC search business. The firm believes Q1 guidance could be better than its estimates and believes modest 2014 margin pressure is factored into shares. The firm rates Baidu an Outperform with a $200 price target.
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