China’s State of Administration of Market Regulations Fines Big Tech Companies Again

The State Administration of Market Regulation (SAMR) has announced that the Chinese government has fined ByteDance, Baidu Inc (NASDAQ: BIDU), Tencent Holdings (OTCMKTS: TCEHY), and Alibaba Group Holding Ltd (NYSE: BABA) for violating antitrust laws. SAMR fines the companies for 43 violations The SAMR revealed that there were 43 violations, some of which went back […]

Ambarella Inc (NASDAQ:AMBA) No More An Apple Stock Of Wall Street Analysts

When the economy is in downturn, it hardly takes some time for the stocks to become zero from hero. The companies that were once the apple of leading analysts’ a couple of months ago have now entered into the list of untouchables. One of such companies is Ambarella Inc (NASDAQ:AMBA) which currently trades at worth […]

Baidu Inc. (ADR) (NASDAQ:BIDU) Moves Into Service Industry Despite Investor Concerns

Baidu Inc.’s (ADR) (NASDAQ:BIDU) Robin Li wants to diversify the services offered by the top search engine in China; these include helping people to book a doctor’s appointment or get their laundry delivered. Li believes that the future lies in services connecting people to entrepreneurs and businesses in the real world. He is investing billions […]

Alibaba Group Holding Ltd (NYSE:BABA) ’s New Pasadena Hub Indicates LA As Emerging Gateway to China

Alibaba Group Holding Ltd (NYSE:BABA) ‘s leasing of a 22,000 square foot office space in Pasadena’s new Playhouse Plaza indicates the expansion of cross-border China and southern Californian business connections. Technology, entrepreneurship, venture investment and close by innovation hubs are endeavoring to make startups more pivotal to the city’s economic foundation. Just 15 years back, […]

Search Engine Giant Baidu Inc (ADR) (NASDAQ:BIDU) Makes Strategic Investment In Content Recommendation Company Taboola

Baidu Inc (ADR) (NASDAQ:BIDU) the producer of China’s biggest search engine has strategically invested in content recommendation startup Taboola. The firms refused to divulge the figure of the deal but hinted that it was in the multimillions. Baidu also announced a partnership with Taboola Inc to bring the latter’s content recommendation platform to China. Taboola […]

Uber To Apple Inc. (NASDAQ:AAPL) Shows Interest To Buy Nokia’s Mapping Here Unit

According to rumors, many companies are approaching Nokia Corporation (ADR) (NYSE:NOK) to acquire it’s Here mapping unit after the later confirmed considering options for the sale. This move comes after the Microsoft Corporation (NASDAQ:MSFT) has acquired Nokia’s Devices Unit last April. Here offer navigation and mapping services to businesses and consumers as well. Nokia plans […]

Baidu Japan Shuts Down Failing To Withstand Immense Competition From Google and Yahoo

The Japanese version of Baidu Inc (ADR) (NASDAQ:BIDU) has come to the end of the road, shutting down operations after an unsuccessful attempt to battle Google Inc (NASDAQ:GOOGL) and Yahoo! Inc. (NASDAQ:YHOO) in Japan. Baidu is hopeful about making a comeback in Japan in future. Launched in 2007, Baidu Japan has struggled for eight years […]

Baidu Inc (ADR) (NASDAQ:BIDU) Exits Japan; Enters Egypt And Brazil

Chinese search engine giant Baidu Inc (ADR) (NASDAQ:BIDU) is set to make some major strategic adjustments in its global expansion. The company is looking to expand in non-western markets for its global foray. The company has also withdrawn from the Japanese market. Baidu has pulled the plug on its Japan search service eight years after […]

Alibaba Group Holding Ltd (BABA) Strikes $2.5 Billion Deal With Its Hong Kong-Based Affiliate And Another Investor To Consolidate Its Online Healthcare Business Unit

Alibaba Group Holding Ltd (NYSE:BABA) is consolidating its online pharmacy business in a $2.5 billion transaction involving its affiliate listed in Hong Kong and another investor. The step is expected to accelerate Alibaba Group’s ride in the booming Chinese online healthcare business, which will soon include prescription drugs. The affiliate that will take charge of […]

Qihoo 360 Technology Co Ltd (NYSE:QIHU)’s Stocks Gain On News Of Share Repurchase Plan

Boston, MA 10/03/2014 (wallstreetpr) – Qihoo 360 Technology Co Ltd (NYSE:QIHU) stocks posted gains of more than 5% on Thursday’s trading session after the company announced its share repurchase plan. The Board of Directors of Qihoo has approved $200 million share repurchase program. The share repurchase can be made through open market or in privately negotiated […]

Chinanet Online Holdings Inc (NASDAQ:CNET) Awarded Best Company In Chinese Entrepreneurial SME Business Development Marketing At CECA’s 2014 Conference

Boston, MA 09/23/2014 (wallstreetpr) – Chinanet Online Holdings Inc (NASDAQ:CNET), one of the market leaders providing B2B solutions, announced that it won the title of the Best Company in Chinese Entrepreneurial SME Business Development Marketing. The e-commerce industry entrant’s conference for the present year took place at Beijing and the award was announced during this Chinese […]

Baidu Inc (ADR) (NASDAQ:BIDU) To Narrow Google (GOOG)’s Fortunes In Driverless Car Market

Boston, MA 09/17/2014 (wallstreetpr) – Baidu Inc (ADR) (NASDAQ:BIDU) signed a deal with BMW to develop semi-autonomous cars. That cooperation will lay the groundwork for fully autonomous cars. Google Inc (NASDAQ:GOOG) has mostly been seen as a frontrunner in driverless cars project. The collaboration between Baidu and BMW means that Google has a new rival […]

Baidu Inc (ADR) (NASDAQ:BIDU) Develops Biggest Computer Brain To Improve Image Recognition To Meet Online Rush

Boston, MA 09/04/2014 (wallstreetpr) – China-based Internet search provider, Baidu Inc (ADR) (NASDAQ:BIDU) has reportedly been developing the most potent and biggest computer group with the sole objective of recognizing the image better even as online queries got shifted from text. The company seemed to be taking different initiatives just like its peer Google Inc (NASDAQ:GOOGL) […]

Baidu Inc (ADR) (NASDAQ:BIDU) Developing Alternative To Google Glass

Boston, MA 09/03/2014 (wallstreetpr) – Baidu Inc (ADR) (NASDAQ:BIDU) is preparing a wearable device that appears to be an alternative to Google Inc (NASDAQ:GOOGL)’s Google Glass, PCWorld stated in an article. Unlike Google Glass, BaiduEye lacks optical display, and the company said that has been done deliberately so as to extend battery life. The company […]

Baidu Inc (ADR) (NASDAQ:BIDU) Teams Up With Wanda and Tencent For $813-Million E-Commerce Deal

Boston, MA 08/27/2014 (wallstreetpr) – According to reports, Baidu Inc (ADR)(NASDAQ:BIDU) has decided to join hands together with internet giants Tencent Holdings Ltd and Dalian Wanda Group for an e-commerce joint venture. The $813 million worth of a joint venture will be launched by Dalian Wanda Group with the help of BIDU and Tencent Holdings […]