Total revenue shrank by 5% to 29.65 billion yuan ($4.43 billion) in the second quarter, compared with analysts' average estimate of 29.30 billion yuan, according to Refinitiv data
Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said
HONG KONG (Reuters) - Baidu Inc shares have closed flat in their Hong Kong secondary listing debut on Tuesday, bucking a trend of first-day pops on the bourse, as investors were wary of a fundraising flurry in the city and questioned the search company's growth plans.
Chinese internet search giant Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing, according to sources with direct knowledge of the matter
Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources said
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban
China's search engine giant Baidu said it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV)
The measure, which could affect corporate giants like Alibaba Group Holding Ltd. and Baidu Inc., serves as another parting shot at Beijing before Trump leaves office in January