Company Of The Day: Baidu
What?
U.S. listed Chinese tech majors including Baidu (NASDAQ:BIDU) and Alibaba (NYSE:BABA) have been told by Chinese regulators to prepare for more audit disclosures, per a report from Reuters.
Why?
- Will Baidu’s AI Innovations Boost The Stock Post Q2 Results?
- Down 6% This Year, Will Baidu’s AI Business Lead The Stock Higher Following Q1 Results?
- Baidu Stock Looks Attractive Despite Recent Rally
- Why Baidu Stock Looks Undervalued At $123
- Is Baidu Stock Still A Buy Following Recent Rally?
- The Baidu Stock Rally Looks Set To Continue
The U.S. government has increased scrutiny of Chinese tech companies, warning that companies that don’t comply with accounting and audit rules could be delisted from U.S. exchanges. With the recent developments, it appears that the Chinese government is working to ensure that Chinese big tech players stay on U.S. exchanges.
So What?
Baidu stock was up by about 5% in Tuesday’s trading, while Alibaba stock was up by roughly 11%.
See Our Complete Analysis For Baidu
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