Bottom line: Baidu could suffer more lost business after purging stealth advertisers engaged in gambling and sex services, while its new credit-scoring tie-up looks like a smart way to take advantage of its huge volumes of user data.
Baidu purges search results of online gambling sites
A day after appearing in 2 major global entertainment stories, online search leader Baidu (Nasdaq: BIDU) is back in the headlines at home in a new scandal involving online gambling sites that used stealth methods to promote themselves on Baidu’s search service. Normally I would say this particular scandal looks relatively minor and wouldn’t have a major impact on Baidu. But such scandals have suddenly become much bigger news following one back in May, which was centered on Baidu’s longtime practice of combining paid search results with organic ones without disclosing that mixture. Read Full Post…
The following press releases and news reports about China companies were carried on July 19. To view a full article or story, click on the link next to the headline.
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Chinese $1.2 Bln Takeover of Norway’s Opera Fails, Pursues Alternative Deal (English article)
Didi Chuxing Raises Prices in Multiple Markets to Slow Cash Burning (Chinese article)
Hot Pot Chain Haidilao Makes IPO for Yihai International (HKEx: 1579) Unit (Chinese article)
The following press releases and media reports about Chinese companies were carried on June 27-29. To view a full article or story, click on the link next to the headline.
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Guotai Junan (Shanghai: 601211) Soars in Debut As China’s Biggest IPO Since 2010 (English article)
