Baidu to pacify investors with $1b share buyback

The Nasdaq-listed search group will embark on a $1b share buyback to assuage investors after $12b was wiped off its market value on disappointing quarterly earnings.

Baidu, China’s dominant internet search company, announced on Thursday a $1 billion share buyback programme to pacify investors after $12 billion was wiped off its market value on disappointing second-quarter earnings.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media