China search leader Baidu (BIDU) reports Q2 earnings after the close Monday. Analysts expect the company to continue to feel pressure on its profit margins in the wake of a weak showing in Q1. Baidu stock fell sharply in April after the company reported Q1 revenue below Wall Street expectations and gave soft Q2 guidance as it spent heavily to advance its mobile business in the face of competition from China e-commerce leader Alibaba Group (BABA)
China search leader Baidu (BIDU) certainly didn’t waste any time finding ways to spend some of the proceeds from its recent bond offering. On Tuesday, the company announced it would invest $3.2 billion over the next three years to bolster its offering of online-to-offline services by fortifying group-buying website Nuomi, which Baidu acquired for $160 million in 2014. “I took a look yesterday, and right now Baidu has over 50 billion RMB ($8
Chinese Internet search leader Baidu (BIDU) is adding more than $1 billion to its war chest as the company spends-to-grow in the competitive China Internet market. Baidu expects to receive $1.24 billion, after costs, from its upcoming bond offering, the company announced late Tuesday. The public offering consists of $750 million of 3% notes due in 2020, the company said, along with $500 million of 4.125% notes due in 2025. The notes are to be