Tag: Baidu

FINTS Morning Brief (25 Oct 2016)

China’s state news agency Xinhua denounced various domestic media for reports saying the government planned to increase income tax for the country’s “high income” population whose annual wages exceed 120,000 yuan: FINTS Germany’s Economy Ministry…


FINTS Morning Brief (11 October 2016)

Everbright Real Estate grossed 280.6 billion yuan in sales income for the first months, surpassing Vanke to become the industry leader in terms of sales amount: FINTS Foton Motor and Baidu signs a strategic cooperation…


FINTS Morning Brief (29 September 2016)

China Railway Corp expects 110 million railway trips to be taken during the upcoming 7-day public holiday, up 11.3% yoy: FINTS China’s national rail freight volume, an indicator of economic activity, declined in the first…


Fints Morning Brief (7 September 2016)

The China Securities Regulatory Commission initiates an investigation into Zhongtai Securities which acts as a sponsor for 21 enterprises waiting for IPO approval: FINTS Shanghai municipal housing regulators stress that the city will maintain a…


FINTS MORNING BRIEF (2 September 2016)

The valuation of domestic backdoor listing of overseas-listed Chinese firms is expected to capped by China’s securities regulators at 20 times of the underlying company’s estimated profits: The Paper Shanghai sold 22,549 new homes in…


FINTS MORNING BRIEF (22 August 2016)

Hong Kong bourse readies launch of a new circuit breaker today to control excess volatility in the market: FINTS The inclusions of mainland-traded A shares into international indices are a matter of time, said CEO…


Baidu to terminate advertising on post bar

Baidu has invited more than 70 representatives nationwide who are the advertising operators of its forum-like Baidu post bar to Beijing on August 1, in discussion of the proposed termination of its advertising services on…


Tencent and Baidu back out of ecommerce endeavor led by Dalian Wanda

Ffan.com, an ecommerce platform originally set up in March 2015 by real estate conglomerate Dalian Wanda and internet giants Tencent and Baidu, is now entirely backed by Dalian Wanda after the latter two entities backed…


BAIDU’S SECOND QUARTER NET PROFIT SLUMPS 34.1% YOY

China’s internet search giant Baidu on July 28 reported the largest quarterly profit decline in nearly eight years as expenses increased and profit margin narrowed in the second quarter. Baidu said in a statement that…


CONSORTIUM LED BY BAIDU CHIEF WITHDRAWS BID FOR VIDEO UNIT

Chinese internet search giant Baidu said on Monday that an offer it received in February to acquire the company’s video-streaming service iQiyi has been dropped by the intended buyer, a consortium led by Baidu CEO…


FINTS MORNING BRIEF (26 JULY 2016)

President Xi met the U.S. National Security Adviser Susan Rise yesterday and said that China was committed to building a good bilateral relationship on the basis of no conflict, no confrontation, mutual respect and win-win…


LARGE NUMBER OF SME’S ACCOUNTS HACKED ON BAIDU

Since the beginning of this year, a large number of small and mid-sized enterprises using Baidu’s promotion services have found their accounts to be hacked, according to recent media report by the 21st Century Business…


BAIDU UNDER SCRUTINY AGAIN OVER ONLINE GAMBLING ADS AND CONTENT

Baidu has again, recently come under media scrutiny after a series of tightening measures have been imposed by authorities following the death of a college student in April due to an unsuccessful experimental cancer treatment…


FINTS MORNING BRIEF (12 JULY 2016)

Essence Fund’s 1.5-billion-yuan asset management plan aiming at buying Vanke stocks may not run as planed since the investment raises concerns of its predominant investor Pudong Development Bank over the uncertainties caused by the locking-up…


CHINA POSES TOUGHER RULES ON ONLINE ADVERTISING

New regulations on online advertising released on Friday will affect search, e-commerce and social-networking sites. The rules, which will come into effect in September, are introduced by the State Administration for Industry and Commerce (SAIC)…