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Baidu Inc (BIDU.O)

BIDU.O on Nasdaq

159.60USD
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Baidu announces Q2 2016 results
Thursday, 28 Jul 2016 04:30pm EDT 

Baidu Inc : Mobile revenue represented 62% of total revenues for Q2 of 2016 . Diluted earnings per ads for q2 of 2016 amounted to rmb6.57 ($0.99) . Baidu announces second quarter 2016 results . Sees Q3 2016 revenue down 1.9 percent . Total revenues in q2 of 2016 were rmb18.264 billion ($2.748 billion), a 10.2% increase . Non-Gaap diluted earnings per ads for q2 of 2016 amounted to rmb8.08 ($1.22) . Online marketing revenues for q2 were rmb16.939 billion ($2.549 billion), representing a 4.4% increase from corresponding period in 2015 .Qtrly traffic acquisition cost as component of cost of revenues was rmb2.908 billion ($437.6 million), representing 15.9% of total revenues, versus 12.7%.  Full Article

Baidu says buyer group withdraws offer to acquire Qiyi.com Inc
Monday, 25 Jul 2016 09:00am EDT 

Baidu Inc : Baidu announces receipt of withdrawal of buyer group's non-binding offer to acquire Qiyi.com Inc . Buyer group and Baidu had not been able to reach an agreement on transaction structure and purchase price after rounds of discussions ."online video is an important vertical for Baidu, in which iQiyi remains a key strategic partner".  Full Article

Zestfinance receives strategic investment from Baidu
Monday, 18 Jul 2016 12:40am EDT 

: Announced today that it has received a strategic investment from Baidu .Companies working together to transform financial services in China.  Full Article

Transaction Co Ltd unit enters into basic agreement with ImageWorks Corporation for Baidu Map promotion in JP
Tuesday, 12 Jul 2016 02:00am EDT 

Transaction Co Ltd <7818.T>: Says its unit TRANS. entered into basic agreement with ImageWorks Corporation, the Japan-based agency of Baidu Map . Says Baidu Map is a map service operated by Baidu Inc. .Says the unit will co-promote the Baidu Map in Japan.  Full Article

Baidu announces revised revenue guidance for Q2 2016
Monday, 13 Jun 2016 05:29pm EDT 

Baidu Inc : Baidu announces revised revenue guidance for second quarter 2016 and announces conference call scheduled for June 13, 2016 for discussion . Currently expects estimated Q2 2016 revenue to be in range of $2.807 billion to $2.823 billion . Regulatory authorities continue to review online marketing practices of medical, pharmaceutical, healthcare and other similar businesses . While review is underway, company has observed a reduction or delay in spend from a significant portion of medical customers . Revised revenue guidance for Q2 compared to previously stated range of RMB20.110 billion ($3.119 billion) to RMB20.580 billion ( $3.192 billion ) . Company has reduced number of sponsored links across platform. . High quality medical customers who have reduced or delayed spend would likely be compliant with new regulations over time .Expects spend from high quality medical customers to recover "gradually".  Full Article

Baidu signs five-year $2 mln term, revolving facilities agreement on June 8
Friday, 10 Jun 2016 06:28am EDT 

Baidu Inc : Baidu Inc Says On June 8, 2016 Co Signed A Five-Year US$2 billion term and revolving facilities agreement with a group of 21 arrangers .Facilities include $1 billion five-year bullet maturity term loan, $1 billion five-year revolving facility, priced at 110 basis points over libor.  Full Article

Moody's changes Baidu's ratings outlook to stable and affirms A3 ratings
Friday, 13 May 2016 07:07am EDT 

: Moody's changes Baidu's ratings outlook to stable and affirms A3 ratings . Moody's - Change in the rating outlook to stable reflects Moody's expectation of weaker revenue growth over the next 12-18 months for Baidu . Moody's - Expectation of weaker revenue due to the controversy related to the way it posted medical advertisements . Moody's - Baidu's revenue from the healthcare industry is also likely to be negatively impacted in the near term Source - http://bit.ly/23MYJu8 Further company coverage: [BIDU.O] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Baidu takes measures to improve online marketing services
Tuesday, 10 May 2016 09:16am EDT 

Baidu Inc : Has taken and will continue to take measures to comply with requests from PRC regulators .Intends to set aside RMB1.0 billion for compensating users who establish they were harmed by fraudulent marketing information.  Full Article

Baidu Inc special committee engages financial advisor relating to proposed Qiyi transaction
Tuesday, 16 Feb 2016 08:00am EST 

Baidu Inc:Special committee engages financial advisor relating to the proposed qiyi transaction.Special committee retained JP Morgan securities (Asia pacific) Ltd as financial advisor to assist in process relating to proposed qiyi deal.  Full Article

Baidu Inc announces share exchange transaction with Ctrip
Monday, 26 Oct 2015 07:35am EDT 

Baidu Inc:Completes share exchange transaction with Ctrip.com International, Ltd.Says pursuant to which Baidu has exchanged 178,702,519 Class A ordinary shares and 11,450,000 Class B ordinary shares of Qunar Cayman Islands Limited.Says shares beneficially owned by Baidu prior to the consummation of the transaction in exchange for 11,488,381 newly-issued ordinary shares of Ctrip.Share exchange ratio for the transaction is 0.725 Ctrip ADSs per Qunar ADS.Baidu will own ordinary shares of Ctrip representing about 25 pct of Ctrip's aggregate voting interest and Ctrip will own ordinary shares of Qunar representing about 45 pct of Qunar's aggregate voting interest.  Full Article

BRIEF-Baidu announces Q2 2016 results

* Mobile revenue represented 62% of total revenues for Q2 of 2016