Baidu s (NASDAQ:BIDU) stock recently hit a two-year high after a series of positive developments. First, the company s third-quarter report in November suggested its core advertising business was stabilizing, which sparked several upgrades from analysts. Chinese regulators then drafted new antitrust rules that seemingly affected
Tencent (OTC:TCEHY) more than Baidu.
Baidu also boosted its existing buyback plan from $3 billion to $4.5 billion this month, and a recent Reuters report suggested it might start producing its own electric vehicles to complement its driverless efforts. Those headlines all buoyed Baidu s stock but should investors chase its recent rally, or take profits instead?
In The Time of Coronavirus, WeChat Pay Helps Digitalise European Retailers
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London, Dec. 14, 2020 /PRNewswire/ As European merchants shift gear to online in the time of Coronavirus, China s all-in-one app WeChat saw strong year-on-year growths in Mini Program transactions from the EMEA region, showing a growing trend of Chinese consumers making global purchases before they could make global trips.
In the time of Coronavirus, WeChat Pay Helps Digitalise European Retailers
WeChat, the popular Chinese app with more than 1.2 billion users, recently held a webinar on how the WeChat ecosystem helps European merchants reach Chinese consumers as the pandemic rattles businesses. More than 200 brands from 14 countries attended the webinar, covering diverse sectors ranging from retail, luxury goods, e-commerce, travel and F&B.