Shares of Chinese Internet stocks trading on U.S. exchanges rose sharply Wednesday after the Shanghai composite leapt 4.9% amid talk of yet another government stimulus to revive Chinese economic growth. It’s unclear whether the stock pop signals a real shift. But shares of Baidu (BIDU), Alibaba (BABA), NetEase (NTES), Ctrip.com (CTRP) and JD.com (JD) enjoyed the ride Wednesday. Baidu Going Global China’s top Web search provider has been expanding
Add Baidu (BIDU) to the list of companies that want to play a big role in speech-based user interfaces for computers and consumer electronics. The Chinese Internet search giant has launched a virtual personal assistant called Duer that will let users complete tasks by speaking into their smartphones, CNBC reported Tuesday. Duer can be accessed via Baidu’s flagship search app called Mobile Baidu. Duer can fulfill requests for restaurant
Uber Technologies’ China unit raised $1.2 billion from Baidu (BIDU) and others, the ride-sharing app giant said Monday, while Chinese rival Didi Kuaidi, backed by Alibaba (BABA) and Tencent Holdings (TCEHY), reportedly raised $3 billion. Uber, the leading U.S. ride-sharing app, has been expanding heavily worldwide. China may be its greatest overseas opportunity — and its hardest. Uber CEO Travis Kalanick said Uber China has received $1.2 billion