Baidu (BIDU), China’s Internet search leader, is in the matchmaking business — connecting patients and doctors, that is. Some call the company’s physician-patient booking venture “China’s OpenTable,” referring to the popular Priceline Group (PCLN)-owned online restaurant reservation booking system. In August, Baidu released a service that lets China’s expanding Internet population make doctors’ appointments online via Baidu’s existing health
AlibabaGroup (BABA), Baidu (BIDU) and a host of other once high-flying China-based stocks took significant hits early Monday as the Shanghai and Shenzhen stock exchanges plummeted once again overnight, triggered by fears of an economic slowdown. The latest stock market decline signaled financial industry fear after China’s government did not announce policy support over the weekend as expected, after the Shanghai Composite index suffered an 11%
(BIDU) on Thursday announced a $1 billion share-buyback plan, three days after the China search leader missed on Q2 earnings and gave weak revenue guidance amid continued heavy spending on its emerging online-to-offline business. Baidu stock was up more than 2% in midday trading in the stock market today, near 174. But Baidu still remains down 26% this year, and analysts expect further low earnings growth as Baidu spends heavily to bolster its