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Baidu Inc (BIDU.OQ)

BIDU.OQ on NASDAQ Stock Exchange Global Select Market

183.95USD
21 Nov 2018
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$6.47 (+3.65%)
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Latest Key Developments (Source: Significant Developments)

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

Alibaba To Acquire Full Ownership Of China Online Delivery Platform Ele.Me
Sunday, 1 Apr 2018 11:13pm EDT 

April 1 (Reuters) - Alibaba Group Holding Ltd ::ALIBABA TO ACQUIRE FULL OWNERSHIP OF CHINA ONLINE DELIVERY PLATFORM ELE.ME.TRANSACTION IMPLIES ENTERPRISE VALUE OF ELE.ME AT US$9.5 BILLION.CO AND AFFILIATE ANT SMALL AND MICRO FINANCIAL CURRENTLY OWN ABOUT 43% OF OUTSTANDING VOTING SHARES OF ELE.ME​.‍ELE.ME WILL CONTINUE TO OPERATE IN ITS OWN BRAND AND WORK CLOSELY WITH ITS EXISTING PARTNERS AND MERCHANTS​.UPON COMPLETION, ZHANG XUHAO TO BECOME CHAIRMAN OF ELE.ME AND SPECIAL ADVISOR TO ALIBABA'S CEO ON NEW RETAIL STRATEGY.‍WILL LEND ITS FULL SUPPORT TO ELE.ME INCLUDING ACCESS TO ITS NEW RETAIL INFRASTRUCTURE, PRODUCT OFFERINGS AND TECHNOLOGY EXPERTISE​.WANG LEI, VICE PRESIDENT OF ALIBABA GROUP, WILL BECOME CHIEF EXECUTIVE OF ELE.ME.  Full Article

BRIEF-iQIYI Inc prices IPO of 125 mln ADSs at $18/ADS
Thursday, 29 Mar 2018 07:00am EDT 

Corrects headline to show IPO was priced at $18/ADS not $180/ADS:IQIYI INC. ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING.IQIYI INC - ‍PRICING IPO OF 125 MILLION ADSS, EACH REPRESENTING SEVEN CLASS A ORDINARY SHARES OF CO, AT A PRICE OF US$18.00 PER ADS​.  Full Article

Baidu Announces Pricing Of $1.5 Bln Notes Offering
Thursday, 22 Mar 2018 05:23pm EDT 

March 22 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES PRICING OF US$1.5 BILLION NOTES OFFERING.BAIDU INC - ‍PUBLIC OFFERING CONSISTS OF US$1 BILLION OF 3.875% NOTES DUE 2023 AND US$500 MILLION OF 4.375% NOTES DUE 2028​.  Full Article

Baidu ‍Announces Strategic Partnership With Skyworth
Friday, 16 Mar 2018 03:31pm EDT 

March 16 (Reuters) - Baidu Inc ::BAIDU - ‍ANNOUNCED STRATEGIC PARTNERSHIP WITH SKYWORTH TO DEVELOP FULLY-INTEGRATED IN-HOME ECOSYSTEM POWERED BY ARTIFICIAL INTELLIGENCE​.BAIDU INC - ALSO ANNOUNCED STRATEGIC INVESTMENT IN SHENZHEN COOCAA NETWORK TECHNOLOGY COMPANY LIMITED (COOCAA), A SUBSIDIARY OF SKYWORTH.  Full Article

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U.S. most-favored equity region, tech allocations down: BAML survey

Despite market wobbles, the United States is the most favored equity region for global fund managers, who broadly expect the S&P500 index to rise another 12 percent before peaking, Bank of America Merrill Lynch's latest investor survey showed on Tuesday.