Tag: Baidu

Baidu: Surprisingly Cheap (NASDAQ:BIDU) | Seeking Alpha

By ALT Perspective

Chinese equities started the week underperforming U.S. stocks. From mid-week, they staged a remarkable reversal to end the week in a clear lead. Of course, as the world has known on Friday, U.S. markets were spooked by the uncertainties posed by the news that President Trump has been infected with COVID-19. The representative ETFs of Chinese companies (CQQQ)(FXI)(MCHI) closed 1-2 percent higher than their U.S. counterparts (QQQ)(DIA)(SPY).

ChartData by YCharts

Another driver for the stronger performance from Wednesday was the better-than-expected China’s September manufacturing PMI. The official reading came in at 51.5 versus the central estimate for 51.3 and August’s 51.0. The non-manufacturing PMI at 55.9 beat the expected 54.7 by a wider margin. It is also an improvement over August’s 55.2, signaling that the country’s v-shaped recovery remained on track.

As for the privately compiled survey, media headlines on the reading (like the one pictured as

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Baidu Enters into Definitive Agreements to Raise Financing for its Smart Living Business

BEIJING, Sept. 29, 2020 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) (“Baidu” or the “Company”), a leading search engine, knowledge and information centered Internet platform and AI company, today announced that its Smart Living Group (“SLG”) has entered into definitive agreements with CPE, Baidu Capital and IDG Capital for Series A financing at a post-money valuation of approximately RMB 20 billion, or $2.9 billion, (“Transaction”). SLG operates DuerOS voice assistant and DuerOS-powered smart devices.

The Transaction is subject to certain closing conditions and is expected to be completed in the fourth quarter of 2020. Upon the completion of the Transaction, Baidu will hold super voting rights in SLG and is expected to continue to consolidate the financial results of SLG, as a majority shareholder.

“We are pleased to see the rapid growth of SLG since inception in 2017, to become a leading player in China (and globally) in

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Rosen, Global Investor Counsel, Reminds Baidu, Inc. Investors of the Important Deadline in Securities Class Action First Filed by the Firm – BIDU

The MarketWatch News Department was not involved in the creation of this content.

New York, New York, Sep 28, 2020 (Newsfile Corp via COMTEX) —
New York, New York–(Newsfile Corp. – September 28, 2020) – Rosen Law Firm, a global investor rights law firm, reminds purchasers and those who otherwise acquired the securities of Baidu, Inc. (NASDAQ: BIDU) between April 8, 2016 and August 13, 2020, inclusive (the “Class Period”), of the important October 19, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Baidu investors under the federal securities laws.

To join the Baidu class action, go to http://www.rosenlegal.com/cases-register-1925.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1)

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Pomerantz Law Firm Announces the Filing of a Class Action against Baidu, Inc. and Certain Officers – BIDU

NEW YORK, Sept. 25, 2020 (PRNEWSWIRE) Pomerantz LLP announces that a class action lawsuit has been filed against Baidu, Inc.  (“Baidu” or the “Company”) and certain of its officers.  The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-04660, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Baidu securities between April 8, 2016 and August 13, 2020, both dates inclusive (the “Class Period”).  Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased Baidu securities during the class period, you have until October 19, 2020, to ask the Court

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ROSEN, A TOP RANKED LAW FIRM, Reminds Baidu, Inc. Investors of the Important Deadline in Securities Class Action First Filed by the Firm – BIDU

The MarketWatch News Department was not involved in the creation of this content.


NEW YORK, Sept. 25, 2020 /PRNewswire via COMTEX/ —
NEW YORK, Sept. 25, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers and those who otherwise acquired the securities of Baidu, Inc. (NASDAQ: BIDU) between April 8, 2016 and August 13, 2020, inclusive (the “Class Period”), of the important October 19, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Baidu investors under the federal securities laws.

To join the Baidu class action, go to http://www.rosenlegal.com/cases-register-1925.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Baidu misrepresented the financial and business

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