Baidu price target raised to $177 from $155 at KeyBanc » 06:1709/2509/25/20
KeyBanc analyst Hans…
KeyBanc analyst Hans Chung raised the firm's price target on Baidu to $177 from $155 and keeps an Overweight rating on the shares. Chung says the growth of the DAU base and engagement, increased share in mobile time spent, and the company's efforts on managed pages and closed-loop transactions could support monetization upside after demand normalizes. The analyst also thinks that the AI business has started to be meaningful and is substantially underappreciated.
Sectigo selected by Baidu » 08:3209/2209/22/20
Sectigo announced that…
Sectigo announced that Baidu has chosen Sectigo to provide the back-end services for the company's all-new Baidu Trust SSL Certificates. Baidu will offer Sectigo Domain Validated, Organization Validated, and Extended Validation certificates white-labeled under the Baidu Trust product line, greatly expanding Sectigo's footprint in Asia.
Alibaba-backed ZTO Express seen raising $1.3B from Hong Kong listing, DJ reports » 06:2909/2209/22/20
Alibaba (BABA)-backed ZTO…
Alibaba (BABA)-backed ZTO Express (ZTO) is expected to raise nearly $1.3B ahead of its secondary listing in Hong Kong on September 29, Dow Jones reports. ZTO is telling investors that it will price its stock sale at 218 Hong Kong dollars each, the equivalent of $28.12, according to the report. Reference Link
Amyris' Pipette brand selected by Alibaba for entry into China market » 08:3309/2109/21/20
Amyris (AMRS) announced…
Amyris (AMRS) announced that its Pipette baby and mother care brand was among a limited number of small- and medium-sized U.S. brands that were selected as a winner of Alibaba Group's Tmall Global Go Global 11.11 Pitch Fest. As a result, Pipette will be fast-tracked to enter the China market and launch on Alibaba Tmall Global's Singles' Day on November 11.
|Over a week ago|
Baidu on track to return to revenue growth in Q4, says Mizuho » 07:0409/1809/18/20
Mizuho analyst James Lee…
Mizuho analyst James Lee keeps a Buy rating on Baidu with a $170 price target after hosting an investor call with management. Recent trends continue to support an economic recovery in China as the second wave of COVID-19 was contained and healthcare rebounded strongly, Lee tells investors in a research note. The analyst anticipates Baidu's Q3 to be on-track with expectations and for Q4 to return to positive revenue growth. Lee is positive on Baidu's "differentiated strategy" in e-commerce and payments and believes it remains on-track for double-digit revenue growth over the long-term.
JD.com's JD Health plans $1B Hong Kong IPO, Bloomberg reports » 05:5909/1809/18/20
JD, BAC, UBS
JD Health, the online…
JD Health, the online health care unit of JD.com (JD), is planning to file for a Hong Kong IPO as soon as this month that could raise at least $1B, Bloomberg's Julia Fioretti reports, citing people familiar with the matter. The company has selected Bank of America (BAC), Haitong International Securities, and UBS (UBS) to work on the listing, according to the people. Reference Link
Alibaba, China Mobile mull $443M investment in Dahua, Reuters reports » 06:4009/1609/16/20
Alibaba (BABA) and China…
Alibaba (BABA) and China Mobile (CHL) are weighing a $443M investment in Chinese surveillance equipment maker Zhejiang Dahua Technology, Julie Zhu of Reuters reported, citing three people with knowledge of the matter. Dahua is one of the Chinese tech firms that the U.S. government placed on a blacklist of companies after it allegedly assisted Beijing in monitoring and detaining Muslim minorities. Alibaba and China Mobile intend to jointly invest in Dahua through a private share placement in the next few weeks, the sources said. China Mobile is reportedly also negotiating a three-year agreement with Dahua worth 40B yuan. Reference Link
Baidu participates in a conference call with Mizuho » 04:5509/1609/16/20
Conference call with…
Conference call with management will be held on September 16 hosted by Mizuho.
Alibaba in discussions to invest $3B in Grab Holdings, Bloomberg reports » 07:4509/1409/14/20
Alibaba (BABA) is in…
Alibaba (BABA) is in discussions to invest $3B into Southeast Asian ride-hailing company Grab Holdings, Pavel Alpeyev and Yoolim Lee of Bloomberg reported, citing people familiar with the matter. Alibaba will reportedly section off a portion of the funds to acquire some of the Grab stock held by Uber (UBER). China's e-commerce giant has had limited exposure to ride-hailing but a Grab investment would give it access to data on millions of users in eight countries. Reference Link
Opening Day: More new SPACs debut amid growing popularity » 07:3909/1309/13/20
DKNG, NKLA, SPCE, SVAC, PIAI, ITAC, CRHC, LEAP, TWCT, BSN, LSPD, AIRB, IH, ORPH, GRAY, SUMO, IKT, SNOW, HYGO, GLNG, CRM, BRK.A, BRK.B, FROG, U, BABA
At least seven special…