Oppenheimer Cuts Price Target on Baidu.com (BIDU) Following Investigation Results Announced by CAC

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Baidu Takes Immediate Measures to Improve Online Marketing Services and Enhance User Experience

May 10, 2016 8:44 AM EDT

BEIJING, May 10, 2016 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), the leading Chinese language internet search provider, reports on an examination of its search ranking practices by PRC regulators that followed news reports and critical public comments regarding those practices.

On or around April 30, 2016, Chinese media reported that Zexi Wei, a Chinese college student, had died from cancer following unsuccessful experimental immunotherapy treatment received at a... More