Chinese Internet search leader Baidu (BIDU) is again tapping the U.S. bond market, according to a filing Tuesday with the Securities and Exchange Commission. The offering’s size was not given in the SEC filing. Baidu said it “intends to use the net proceeds from the offering for general corporate purposes.” Goldman Sachs (Asia) and JPMorgan Securities will handle the bond offering, which comes after Baidu sold a $1 billion, five-year bond offering
This week, the Shanghai Composite had its worst week of trade since 2008. Four popular Chinese stocks are battling with their 50-day lines: JD.com (JD), Alibaba (BABA), Tencent (TCEHY) and Baidu (BIDU). JD.com shares are looking for support at the 50-day line on the stock market today. The Chinese online retailer’s shares fell below that level intraday, but somewhat recovered later in Friday’s session. The drop has JD.com in sell territory: it’s
China search leader Baidu (BIDU) said that its iQiyi video streaming subsidiary has hit 5 million subscribers as of June 15, which it said was a 765% rise from June 15, 2014. Baidu’s announcement about iQiyi’s growth comes the day after rival China e-commerce leader Alibaba (BABA) said it will launch its own online video streaming service in China this summer to head off a challenge from the No. 1 U.S. paid video streaming service, Netflix (NFLX),