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Baidu, Inc. latest news:
Ford's China growth plan includes introduction of 50 new vehicles by 2025
Ford Motor Co. said Tuesday it will introduce more than 50 new vehicles in China by 2025. The automaker's China growth plan includes the assembly of five more vehicles in China, starting in 2019, and an increase in engineering and research and development capabilities locally to support the growth plan. The new vehicles in China will include eight SUVs, at least 15 electrified vehicles from Ford and Lincoln and the Zotye-Ford JV will launch a new range of affordable all-electric vehicles. Ford said it will continue to work with China-based internet company Baidu Inc. to develop driverless cars. "China is not only the largest car market in the world, it's also at the heart of electric vehicle and SUV growth and the mobility movement," said Chairman Bill Ford. The stock, which tacked on 0.3% in premarket trade, has rallied 11% over the past three months, while the shares of rival General Motors Co. have climbed 16% and the Dow Jones Industrial Average has gained 12%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
China Citic, Baidu launch direct bank in fintech push
China Citic Bank Corp(CHBJF) and search engine giant Baidu Inc (BIDU) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China's rapidly growing fintech sector.
BRIEF-Baidu unveils Raven series AI-powered hardware
* BAIDU UNVEILS RAVEN SERIES AI-POWERED HARDWARE AT 2017
China's iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.
China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg
BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
China's iQiyi eyes U.S. listing at up to $10 bln valuation - Bloomberg
* IPO as early as 2018 could value firm at $8 bln-$10 bln. * Video service raised $1.53 bln earlier this year. Baidu Inc's (BIDU) video streaming service iQiyi, a Chinese-style Netflix (NFLX), is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
Baidu hires Weibo CFO as its finance chief
Baidu Inc(BIDU) said Jennifer Li stepped down as its chief financial officer and the biggest search engine operator in China named Herman Yu as its new CFO, effective immediately. Li, who is also chief executive of its private equity unit Baidu Capital, will serve as a senior adviser to senior management, the company said in a statement.
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