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Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:24 EDTBIDUBaidu CFO sees no proift increase this year, WSJ reports
Baidu, the Chinese online search firm, doesn't expect a profit increase this year as the company continues to make investments, according to CFO Jennifer Li on a conference call with analysts, reports the Wall Street Journal. The company has been heavily spending heavily to migrate its desktop search advertising ability to mobile. Reference Link
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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