NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Baidu, Inc. ("Baidu" or "the Company") ...
Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.
Amazon, Apple, Alphabet, Facebook, and Microsoft are far from perfect, but the reality is that they will only grow in stature in the months and years to come. And that could be a better outcome than many are willing to acknowledge.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
VIPS will release its 2020 Q1 results on Wednesday. Here's what investors need to watch. Why shares are a BUY heading into earnings.
Congress looks set to consider sweeping new legislation that could ultimately bar many Chinese companies from listing shares on U.S. exchanges, or otherwise raising money from American investors.
The Senate passed bill S.945, which is generally marked as the bill that will delist Chinese companies. If the company doesn't comply for three years in a row,
Amazon (AMZN) in talks to acquire Zoox in order to strengthen presence in the autonomous driving space.
Last week, the Senate passed a bill to take on Chinese companies listed on U.S. stock exchanges. Soon, the rest of Washington appears poised to act.
Takeaways from Baidu's Q1 earnings report.Shares are breaking out of a key downtrend.Our price target for Baidu is $160 - upside of 45%.
New York, New York--(Newsfile Corp. - May 26, 2020) - Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Baidu, Inc. ("Baidu" or "the Company") (NASDAQ: BIDU) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Baidu securities between March 16, 2019 through April 7, 2020 , both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by ...
Nvidia Corp. launched its newest line of chips Thursday, detailing artificial-intelligence capabilities up to twenty times greater than previous products, and the new offerings are already working to fight the COVID-19 pandemic.
Mega-merger, diworsification and digital disruption Continue reading...
The rally in the oil market was a key catalyst driving markets higher last week but the underlying factor was higher fuel demand in China, thus Chinese indices outperformed.The share prices of e-commerce players JD.com, Pinduoduo, and Bilibili rallied for the…
Momentum is building for the House of Representatives to approve sweeping legislation that could ultimately bar many Chinese companies from listing shares on U.S. exchanges. The Senate already has approved the bill.
The Zacks Analyst Blog Highlights: The Clorox Company, MGP Ingredients, Middlesex Water, Baidu and Alibaba
Pomerantz LLP announces that a class action lawsuit has been filed against Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) and certain of its officers. The class action, filed in United States District Court for the Northern District of California, San Francisco Division, and indexed under 20-cv-02768, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Baidu securities between March 16, 2019, and April 7, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
New York, New York--(Newsfile Corp. - May 27, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Baidu, Inc. (NASDAQ: BIDU) ("Baidu, Inc.") between March 16, 2019 and April 7, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Northern District of California. To get ...
WILMINGTON, Del., May 26, 2020 -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the.
CEDARHURST, N.Y., May 26, 2020 -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of the following publicly traded companies..
Large EM benchmark weight and widely-held Taiwan Semiconductor (2330 TT) fell -2.68% on the news while South Korea’s Samsung +1.99% as the latest US noose-tightening hurts Huawei’s mobile phone business, which competes with the South Korean giant.
BIDU earnings call for the period ending March 31, 2020.
Sherman says that the time has long passed for Washington to force Chinese companies to provide the same investor protections that U.S. companies have for decades.
NEW ORLEANS, May 27, 2020 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Bed.
(Bloomberg) -- TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.The revenue for last year was more than double the company’s tally of about $7.4 billion in 2018, propelled by phenomenal growth in user traffic that’s drawn advertisers away from Tencent Holdings Ltd. and Baidu Inc. The people asked not to be identified because the financial details are private.ByteDance has emerged as one of the tech industry’s most surprising success stories, an innovative Chinese company that is challenging the global dominance of U.S. internet giants. It draws some 1.5 billion monthly active users to a family of apps that includes the TikTok short-video platform, its Chinese twin Douyin and the news service Toutiao. This month, the company poached Walt Disney Co. streaming czar Kevin Mayer to become chief executive officer of TikTok.The company owes much of its success to TikTok, now the online repository of choice for lip-synching and dance videos by American teens. The ambitious company is also pushing aggressively into a plethora of new arenas from gaming and search to music. ByteDance could fetch a valuation of between $150 billion and $180 billion in an initial public offering, a premium relative to sales of as much as 20% to social media giant Tencent thanks to a larger global footprint and burgeoning games business, estimated Ke Yan, Singapore-based analyst with DZT Research.“None of the Chinese tech companies has achieved this level of success in the global market before ByteDance,” he said, adding neither social media company harbors much debt. “The fact that ByteDance is making profit, if true, and sitting on a $6 billion cash pile means that it is not in a rush at all to come to market to raise capital, and therefore less likely to offer the shares at a more reasonable price for IPO investors.”ByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Facebook unit Instagram brought in about $20 billion in advertising revenue in 2019, Bloomberg previously reported. Google said its video unit YouTube recorded $15.1 billion in ad sales last year.ByteDance representatives didn’t respond to a request for comment.That success has come despite American lawmakers raising concerns about privacy and censorship. In a rare bipartisan effort in Washington, Republican Senator Tom Cotton and Senate Minority Leader Chuck Schumer last year urged an investigation into TikTok, labeling it a national security threat.President Donald Trump on Wednesday threatened to regulate or shut down social media companies, tweeting that the platforms attempt to silence conservative voices. Twitter Inc. on Tuesday added a fact-checking link to two of Trump’s tweets to his 80 million followers.ByteDance is strengthening its operations in newer arenas such as e-commerce and gaming. This year, it kicked off a wave of hiring and envisions hitting 40,000 new jobs in 2020, hoping to match headcount of e-commerce giant Alibaba Group Holding Ltd. at a time technology corporations across the globe are furloughing or reducing staff.The company had very preliminary discussions about an initial public offering last year, but is in no rush to go public given its financial performance, people have said. It now has more than $6 billion of cash on hand, the people said.ByteDance, which is backed by SoftBank Group Corp., General Atlantic and Sequoia, is already the world’s most valuable startup, according to researcher CB Insights. Some private trades recently valued the Chinese company between $105 billion and $110 billion on the secondary markets, Bloomberg News previously reported. It has also traded as high as $140 billion, one person said, making it one of the most highly valued private companies of all time.(Updates with Trump tweets in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Market players were spooked by the passing of a Senate bill aimed at boosting the oversight of foreign companies and potentially resulting in them becoming deli
China is the world’s second-largest cloud computing market.Yet, cloud computing accounts for just 2.7% of the country’s IT spend, and its IT spend accounts for just 1.4% of GDP.This compares with the United States, where cloud computing accounts for 11.4% of …
U.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was like to operate in the heart of the COVID-19 outbreak and emerge on the other side.
Waymo, the world’s leading self-driving car company, has resumed on-road testing and some passenger services, after shutting these down due to Covid-19. Can this be done safely?
China's health tracking QR codes, which have played a key part in the country's successful containment of the coronavirus, now look set to play a much broader role in daily life as local authorities dream up new uses for the technology. To walk around freely, people in China must have a green rating and since February they have been asked to present their health QR codes to gain entry into restaurants, parks and other venues. Or that was the case until the eastern city of Hangzhou proposed on Friday permanently assigning each of its residents a coloured health badge and giving them a score from 0-100 based on their medical records and lifestyle habits.
Big investments in autonomous-vehicle and AI technology could be the key to getting Baidu's growth back on track.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
NEW YORK, NY / ACCESSWIRE / May 26, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss ...
The end of the Cold War led to a break down of labor in the U.S. WIll it take a new one to bring it back?
BIDU is facing a tough quarter with revenues expected to decline YoY to $3.1-3.3 billion while EPS is expected to grow to $0.56.Shares have moved on average +/-7.06% in the trading day following earnings over the past 8 reports.Allegations surfaced during thi…
(Bloomberg) -- Tencent Holdings Ltd. is marketing its first dollar bond deal in more than a year, joining a growing band of Chinese borrowers in a recovering offshore debt market.The Wechat operator is offering a four-tranche deal Wednesday, drawing down from its existing global medium term notes program, according to people familiar with the matter, who are not authorized to speak publicly. The deal includes its first potential 40-year dollar note, the longest tenor by Tencent, Bloomberg-compiled data show.The Chinese social media giant is raising funds for debt refinancing and general corporate purposes, the people said. The company didn’t immediately respond to an emailed request for comment.Higher quality Chinese borrowers have flocked back to borrow offshore after a March sell-off roiled markets and saw issuance dry up. Strong appetite boosted orders of Chinese dollar bonds to seven times their issuance size in April, with Baidu Inc. raising $1 billion and Xiaomi Corp. selling its debut dollar bond.As U.S. treasury yields “remain near historical lows and the curve remains pretty flat, it makes sense for corporate to secure long capital at low cost,” said Angus To, Hong Kong-based deputy head of research at ICBC International Holdings. Tencent’s initial price targets are fair considering the new issue discount, he said.Final pricing could tighten further given the solid market sentiment toward investment grade names, he added.Tencent’s deal also comes as Hong Kong protesters prepare for what could be their biggest day of unrest in months against China’s increasing control over the city. Hong Kong police has deployed a large number of officers downtown to deter demonstrations.The appeal of attractive borrowing costs aside, China’s largest Internet firms remain hungry for cash as they increasingly expand beyond their comfort zones and wade onto each other’s turf, an expensive exercise that mirrors Silicon Valley’s evolution of years ago.Tencent received a $6 billion foreign bond sale quota from China’s top economic planning agency, Bloomberg reported on Tuesday, citing people familiar with the matter. The firm may not use the full quota for their issuance, they said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / May 26, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
Xilinx is the market leader in the PLD market with a range of FPGAs and is undergoing a transition to offer more complex and integrated products.The company is developing ACAP, a highly complex computational platform to target the growing data center, AI and …