Baidu (BIDU +4.5%) surges following a report from Sina Tech that Apple (AAPL) plans to add Baidu...


Baidu (BIDU +4.5%) surges following a report from Sina Tech that Apple (AAPL) plans to add Baidu as a search option for Chinese users in a pending iOS update, though Google (GOOG) will remain the default choice. Given Baidu's dominant share of Chinese search, such a move seems like a no-brainer. The report comes shortly after a much-discussed Tim Cook visit to China. (more on Baidu: I, II)
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