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Baidu Inc (BIDU.OQ)

BIDU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Baidu To Acquire 5.26 Pct Stake In Hand Enterprise Solutions As Strategic Investor
Friday, 1 Mar 2019 03:08am EST 

March 1 (Reuters) - Hand Enterprise Solutions <300170.SZ>::SAYS BAIDU TO ACQUIRE 5.26 PERCENT STAKE IN THE COMPANY TO BECOME STRATEGIC INVESTOR.  Full Article

Baidu Announces Fourth Quarter And Fiscal Year 2018 Results
Thursday, 21 Feb 2019 04:30pm EST 

Feb 21 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2018 RESULTS.SEES Q1 2019 REVENUE UP 12 TO 18 PERCENT.QTRLY TOTAL REVENUES WERE RMB 27.2 BILLION ($3.96 BILLION), INCREASING 22% YEAR OVER YEAR.QTRLY EARNINGS ATTRIBUTABLE TO BAIDU PER ADS WAS RMB 6($0.86).IQIYI ADDED 36.6 MILLION SUBSCRIBERS IN 2018 TO REACH 87.4 MILLION AT YEAR END.QTRLY NON-GAAP DILUTED EARNINGS PER ADS WAS RMB 13($1.92).QTRLY ONLINE MARKETING REVENUES WERE RMB 21.2 BILLION ($3.08 BILLION), INCREASING 10% YEAR OVER YEAR.QTRLY TRAFFIC ACQUISITION COST WAS RMB 3.4 BILLION ($491 MILLION), INCREASING 34% YEAR OVER YEAR.FOR Q1 OF 2019, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 23.5 BILLION ($3.42 BILLION) AND RMB 24.7 BILLION ($3.60 BILLION).NO REVENUE FROM ANNOUNCED DIVESTURES IS EXPECTED IN Q1 2019.  Full Article

Baidu announces pricing of $250 mln notes offering
Tuesday, 4 Dec 2018 04:38pm EST 

Dec 4 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES PRICING OF US$250 MILLION NOTES OFFERING.BAIDU INC - PRICING OF PUBLIC OFFERING OF US$250 MILLION AGGREGATE PRINCIPAL AMOUNT OF NOTES BY A REOPENING OF COMPANY'S EXISTING 4.375% NOTES DUE 2024.BAIDU INC - EXPECTS TO RECEIVE NET PROCEEDS FROM OFFERING OF APPROXIMATELY US$249 MILLION.BAIDU INC - COMPANY INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY EXISTING INDEBTEDNESS AND FOR GENERAL CORPORATE PURPOSES.  Full Article

Baidu's IQIYI Video Site Plans Convertible Bond Sale - Bloomberg
Wednesday, 28 Nov 2018 06:56am EST 

Nov 28 (Reuters) - :BAIDU'S IQIYI VIDEO SITE PLANS CONVERTIBLE BOND SALE - BLOOMBERG, CITING SOURCES.IQIYI INC HAS BEEN DISCUSSING A POTENTIAL FUNDRAISING TARGET OF ABOUT $500 MILLION TO $1 BILLION - BLOOMBERG, CITING SOURCES.  Full Article

Baidu Announces Pricing Of Us$1.0 Billion Notes Offering
Thursday, 8 Nov 2018 05:21pm EST 

Baidu Inc ::BAIDU ANNOUNCES PRICING OF US$1.0 BILLION NOTES OFFERING.BAIDU INC - PUBLIC OFFERING CONSISTS OF US$600 MILLION OF 4.375% NOTES DUE 2024 AND US$400 MILLION OF 4.875% NOTES DUE 2028.  Full Article

Ford And Baidu Announce Joint Autonomous Vehicle Testing
Wednesday, 31 Oct 2018 06:33am EDT 

Oct 31 (Reuters) - Baidu Inc ::FORD AND BAIDU ANNOUNCE JOINT AUTONOMOUS VEHICLE TESTING.FORD MOTOR CO - COS WILL FURTHER ADVANCE DEVELOPMENT AND ON-ROAD TESTING OF AUTONOMOUS VEHICLES IN CHINA.FORD MOTOR - CO, BAIDU HAVE COMPLETED TEST VEHICLE MODIFICATION, WILL EMBARK ON 2-YEAR PROJECT TO JOINTLY TEST SAE LEVEL 4-CAPABLE AUTONOMOUS VEHICLES IN BEIJING.FORD MOTOR CO - BAIDU-FORD L4 AUTONOMOUS VEHICLE ON-ROAD TESTING SLATED TO BEGIN BY THE END OF THIS YEAR.  Full Article

Wabco, Baidu To Collaborate On Autonomous Driving Level 4 For Commercial Vehicles
Wednesday, 19 Sep 2018 06:30am EDT 

Sept 19 (Reuters) - Baidu Inc ::WABCO AND BAIDU SIGN STRATEGIC AGREEMENT TO COLLABORATE ON SOLUTIONS TO REALIZE AUTONOMOUS DRIVING LEVEL 4 FOR COMMERCIAL VEHICLES.WABCO HOLDINGS INC - WABCO WILL PROVIDE ACCESS TO ITS OWN ADOPT ECOSYSTEM & BAIDU OF APOLLO.WABCO HOLDINGS INC - GOAL IS TO BE ABLE TO COMMERCIALIZE LEVEL 4 HIGHWAY SOLUTIONS OVER NEXT THREE YEARS.  Full Article

Baidu Announces $1 Bln Share Repurchase Program
Wednesday, 27 Jun 2018 05:00am EDT 

June 27 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES US$1 BILLION SHARE REPURCHASE PROGRAM.BOARD AUTHORIZED SHARE REPURCHASE PROGRAM UNDER WHICH COMPANY MAY REPURCHASE UP TO US$1 BILLION OF ITS SHARES OVER NEXT 12 MONTHS.COMPANY PLANS TO FUND REPURCHASES FROM ITS EXISTING CASH BALANCE.  Full Article

Baidu Enters Into Definitive Agreements To Divest Its Global DU Business
Monday, 21 May 2018 08:30am EDT 

May 21 (Reuters) - Baidu Inc ::BAIDU ENTERS INTO DEFINITIVE AGREEMENTS TO DIVEST ITS GLOBAL DU BUSINESS.BAIDU INC - PURSUANT TO DEFINITIVE AGREEMENTS, BAIDU WILL DIVEST A MAJORITY EQUITY STAKE IN GLOBAL DU BUSINESS.BAIDU INC - UPON COMPLETION OF TRANSACTION, GLOBAL DU BUSINESS IS EXPECTED TO BE DECONSOLIDATED FROM BAIDU'S CONSOLIDATED FINANCIAL STATEMENTS.BAIDU INC - ON TRANSACTION COMPLETION, CO WILL OWN ABOUT 34% OF GLOBAL DU BUSINESS'S OUTSTANDING SHARES.BAIDU INC - ENTERED INTO DEFINITIVE AGREEMENTS WITH CERTAIN INVESTORS RELATING TO DIVESTITURE OF ITS GLOBAL AD AND TOOLS BUSINESS.  Full Article

Baidu Announces Q1 EPS RMB 16
Thursday, 26 Apr 2018 04:30pm EDT 

April 26 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES FIRST QUARTER 2018 RESULTS.SEES Q2 2018 REVENUE UP 26 TO 33 PERCENT.QTRLY TOTAL REVENUES WERE RMB 20.9 BILLION ($3.33 BILLION), INCREASING 31% YEAR OVER YEAR.QTRLY NET INCOME ATTRIBUTABLE TO BAIDU WAS RMB 6.7 BILLION ($1.1 BILLION) AND DILUTED EARNINGS ATTRIBUTABLE TO BAIDU PER ADS WAS RMB 19 ($2.98).QTRLY NON-GAAP NET INCOME ATTRIBUTABLE TO BAIDU WAS RMB 5.7 BILLION ($914 MILLION) AND NON-GAAP DILUTED EARNINGS PER ADS WAS RMB 16 ($2.60).COMPANY IS PLANNING TO DISPOSE OF A MAJORITY EQUITY STAKE IN BAIDU'S FINANCIAL SERVICE BUSINESS.FOR Q2 OF 2018, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 24.91 BILLION ($3.97 BILLION) AND RMB 26.19 BILLION ($4.17 BILLION).PLANNING TO DISPOSE OF A MAJORITY EQUITY STAKE IN BAIDU'S FINANCIAL SERVICE BUSINESS.QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.3 BILLION ($360 MILLION), REPRESENTING A 3% INCREASE YEAR OVER YEAR.BAIDU - RMB 41.2 BILLION RELATED WITH CO'S FINANCIAL SERVICE BUSINESS WERE RECLASSIFIED TO ASSETS, LIABILITIES HELD FOR SALE ON BALANCE SHEET AS OF MARCH 31.QTRLY REVENUE PER ONLINE MARKETING CUSTOMER WAS APPROXIMATELY RMB 36,100 ($5,800), A 19% INCREASE YEAR OVER YEAR.IN QUARTER, HAD APPROXIMATELY 475,000 ACTIVE ONLINE MARKETING CUSTOMERS, REPRESENTING A 5% INCREASE YEAR OVER YEAR.QTRLY REVENUE FROM BAIDU CORE REACHED RMB 16.1 BILLION, UP 26% , WHILE REVENUE FROM IQIYI REACHED RMB 4.9 BILLION, UP 57%.  Full Article

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Baidu swings to net loss for first time since listing, shares fall

Chinese search engine operator Baidu Inc booked its first quarterly loss since at listing in 2005 and forecast quarterly revenue below market estimates, saying a "challenging marketing environment" is sapping income from advertisers.