ChinaNet Online signs $26M agreement with Baidu ChinaNet Online (CNET) announced that it has signed a collaboration agreement with Baidu (BIDU). ChinaNet cooperates with the major search engines to perform search engine marketing and related value-added services for its clients. In order to secure and further enhance the business relationship with Baidu, the company has signed a two-year agreement with Baidu for approximately $26M to optimize the search advertising campaigns run on behalf of ChinaNet's clients through Baidu's search engine.
Baidu calls active amid renewed takeover speculation Baidu February weekly 210 and 212 calls are active on total call volume of 7K (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 29, March is at 26, April is at 27; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.