Baidu, Inc. Class A ( (HK:9888) ) just unveiled an update.
Baidu, Inc. announced the acquisition of JOYY Inc.’s live streaming business in mainland China, known as YY Live, for approximately $2.1 billion. This strategic move allows Baidu to enhance its video-based entertainment offerings and leverage the released funds to invest in its cloud and AI infrastructure, potentially strengthening its position in the technology and entertainment sectors.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading technology company incorporated in the Cayman Islands, with its shares listed on the Hong Kong Stock Exchange and Nasdaq. The company is known for its focus on internet-related services and products, artificial intelligence, and cloud computing, primarily serving the Chinese market.
YTD Price Performance: 8.22%
Average Trading Volume: 11,705,624
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$251.1B
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