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Baidu (BIDU -2.3%) slides to $92 following news of Alibaba's search engine and a couple of...

Baidu (BIDU -2.3%) slides to $92 following news of Alibaba's search engine and a couple of critical sell-side notes. Goldman has removed Baidu from its Sustain China list, and is once more raising concerns about mobile's impact on ad sales (previous). Citi is also worried about mobile - the firm estimates mobile search ad click-through rates are 1/10 of PC levels - and is refuting fresh reports of Baidu acquiring a controlling stake in top Chinese mobile browser maker UCweb (previous).
Comments (1)
  • Is there any GOOD news for BIDU or is this a downward spiral that will never reverse?
    19 Feb 2013, 04:39 PM Reply Like
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