by bondevalue | May 19, 2021 | China, Investment Grade Bonds
Baidu reported a 25% rise in revenues to CNY 28.1bn ($4.3bn) YoY. Revenues from Baidu Core were CNY 20.5bn ($3.1bn), up 34% YoY, online marketing revenue was CNY 16.3bn ($2.5bn), up 27% YoY and non-marketing revenue was CNY 4.2bn ($646mn), up 70% YoY, driven by cloud...
by bondevalue | Mar 5, 2021 | China, Investment Grade Bonds
Baidu, the Chinese tech giant, has secured approval from the Hong Kong stock exchange for a second listing in the city state. The listing could help the company raise ~$3.5bn as early as this month. As per its annual report released on February 17, its net income in...
by bondevalue | Feb 18, 2021 | China, Investment Grade Bonds
Chinese tech company Baidu reported Q4 earnings with net profits at $794mn, down 18% YoY while total revenues rose 5% YoY to $4.64bn. For the full year, revenues reached $16bn and net profits stood at $3.44bn. The company’s ‘AI cloud differentiating with AI...
