Tag Archives: bidu

Apple Supplier Among 3 Top Earnings Reports Tonight

After a busy morning of earnings, a slew of financial reports are after the close, including Apple (AAPL) supplier NXP Semiconductor (NXPI), Chinese search giant Baidu (BIDU) and cystic fibrosis drugmaker Vertex Pharmaceuticals (VRTX). NXP Semiconductor makes chips that are used in the Apple iPhone, helping to power the new Apple Pay service. But NXP serves other mobile customers, and is expanding its work with Chinese partners as part of a smart

Baidu Q1 Faces Significant Profit ‘Pressure’

China search leader Baidu (BIDU) has already warned that increasing investments “should significantly pressure profitability” when the company reports Q1 earnings after the close Wednesday, as mobile becomes a greater portion of its overall business. In February, the Internet search engine surprised analysts with a first-quarter outlook below expectations. And its Q4 earnings miss was partly the result of Baidu’s successful transition to mobile,

Alibaba, Other China Web Giants Expand Car Efforts

Alibaba Group (BABA) and Shanghai General Motors formed a partnership to help finance GM sales, while its Internet rivals Baidu (BIDU) and Tencent (TCEHY) also expand efforts in China’s auto market. Shanghai GM, a joint venture of General Motors (GM) and SAIC Motor, already sells Buick, Cadillac and Chevrolet cars on its Alibaba’s TMall site. Alibaba on Friday said it will use its Big Data expertise to help serve up ads to potential GM buyers, as