Baidu (BIDU)

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155.79 -1.44  -0.92% NASDAQ Apr 17, 4:59PM BATS Real time Currency in USD

Baidu News

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Sina Weibo skyrockets in debut, sweeping aside censorship concerns
Reuters 04/17 18:12 ET

Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations. Investors are scrutinizing the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd. Weibo Corp's gains came after the owner of a Chinese Twitter-like messaging service priced its shares at the bottom of a target range of $17 to $19, and cut its offer by 16 percent, to 16.8 million American Depositary Shares from 20 million. It closed at $20.24, up $3.24, at 4 p.m. in trading on the Nasdaq Stock Exchange.

Sina Weibo soars in debut, overcoming censorship concerns
Reuters 04/17 14:12 ET

Shares of Weibo Corp (WB.O) rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks. Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N). Sina Weibo's early gains came after the owner of a Chinese Twitter-like messaging service priced its shares at the very bottom of a target range of $17 to $19, and cut its offer to 16.8 million American Depositary Shares from 20 million. "People had concerns that there's some competition over there and that engagement on Weibo may be challenged in the future, but I think Weibo is still a social media platform, that people still use it every day," said Henry Guo of JG Capital.

Weibo shares jump in debut as investors set aside concerns
Reuters 04/17 12:46 ET

(Reuters) - Shares of Weibo Corp (WB.O), the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and ...

Baidu Q1 2014: Poised For Growth
Seeking Alpha 04/17 12:12 ET

Chinese search major Baidu ( BIDU ) will report Q1 2014 earnings on 24 April 2014. The first half of 2014 will be a challenging period for Baidu as it contends with China's weakest economic phase in recent ...

3 Stocks Dragging The Technology Sector Downward
The Street 04/17 09:03 ET

TheStreet highlights 3 stocks pushing the technology sector lower today.

Alibaba Results Nudge China Internet ETF Higher
ETF Trends 04/16 13:06 ET

Alibaba still is not a public company, though that could soon change, but the firm’s status is not preventing it from making waves for other public companies. For example, shares of Yahoo (NasdaqGS: YHOO), ...

China Stock Roundup: AutoNavi to Be Sold, Baidu Launches Payments App - Analyst Blog
Zacks 04/16 12:59 ET

Chinese stocks swung between gains and losses this week amidst mixed economic signals.

3 Stocks Reiterated As A Buy: AXP, BIDU, LOW
The Street 04/16 07:29 ET

TheStreet Ratings team reiterated 3 stocks with a buy rating on Wednesday

Tencent WeChat and SINA Weibo: The Frenemies of the Chinese Mobile Space
Yahoo 04/16 07:08 ET

Once the darling of tech investors, Sina (NASDAQ: SINA) Weibo failed to excite Asian investors during its pre-IPO investor education in Hong Kong last week. Sina is expected to spin off its Weibo social networking service in an IPO on April 17, with Goldman Sachs (Asia) and Credit Suisse serving [...]

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Symbol Price Chg Chg % Market Cap
BIDU 155.79 -1.44 -0.92% 54.57B
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