It seems two well respected Wall Street firms have very different opinions of Baidu. Who's right?» Read More
HONG KONG, March 12- China's largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 mln, giving it access to TV and movie content as competition in the world's biggest Internet market becomes increasingly cutthroat.
*Baidu will continue aggressive investment strategy in 2014. SAN FRANCISCO/ BEIJING, Feb 27- Chinese Internet company Baidu Inc is poised to make more acquisitions this year to entice smartphone users to tap into its services, a strategy that will put it on a collision course with bigger rivals like Tencent Holdings Ltd..
*HSI +0.9 pct, H-shares +0.5 pct, Shanghai +0.6 pct. HONG KONG, Feb 27- Hong Kong shares rose again on Thursday, and mainland markets also firmed for a second day, led by oil giant Sinopec after a broker upgrade and an increase in China's gasoline and diesel prices.
Echo He, Senior Analyst at Maxim Group, analyzes Chinese internet search giant Baidu's latest revenue figures, which is the firm's fastest revenue growth in more than a year.
Baidu finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets.
SAN FRANCISCO, Feb 26- Chinese Internet company Baidu Inc finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets thanks to strength in its mobile business.
Check out which companies are making headlines after the bell Wednesday:
Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
U.S. stock index futures pushed higher on Wednesday ahead of more housing data and several quarterly fourth quarter earnings updates.
An dip on Wall Street overnight drove most Asian equities lower on early Wednesday.
Jiong Shao, Regional Head of Internet at Macquarie, says Baidu's diversified exposure across online and mobile sector will give it a strong fourth-quarter results.
BEIJING, Feb 25- Real estate remained the most lucrative road to riches in China last year, according to the Hurun Global Rich List, despite Beijing's repeated efforts to cool red-hot property prices. Six of world's 10 top real estate tycoons are now from China and Hong Kong, according to Hurun Report Inc, which released its Global Rich list on Tuesday.
Some of Monday's midday movers:
Every Mobile World Congress in the past four years has featured an announcement about one of these operating systems. This year is no different, as handset makers, carriers and chipmakers try to break the stranglehold that Google Inc and Apple Inc have on the software that runs the world's mobile phones.
A slew of data from Japan this week is likely to be in focus amid concerns that momentum in the country’s economic recovery is waning.
China's brick-and-mortar banks are launching a counter-attack against the assault on their business from Alibaba and other Internet heavyweights.
HONG KONG, Feb 20- China's largest Internet company Tencent Holdings Ltd and online retailer JD.com are in talks to combine their e-commerce business, a person familiar with the matter told Reuters on Thursday, confirming earlier media reports.
*Three-way mobile fight shaping up between Alibaba, Baidu, Tencent. Feb 10- Alibaba Group Holding Ltd, China's largest e-commerce firm, offered on Monday to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58 billion.
Feb 10- Alibaba Group Holding Ltd, China's largest e-commerce firm, offered to acquire AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.45 billion. AutoNavi said on Monday that Alibaba had offered to buy the 72 percent of the company that it did not already own for $21 per American depository share.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.