Macquarie Downgrades Baidu (BIDU) to Neutral
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Baidu Announces Third Quarter 2016 Results
October 27, 2016 4:30 PM EDTBEIJING, Oct 27, 2016 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), the leading Chinese language Internet search provider, today announced its unaudited financial results for the third quarter ended September 30, 2016[1].
"We saw further improvements in customer quality in the third quarter as we continued to implement stricter standards for online marketers," said Robin Li, Chairman and CEO of Baidu. "During the quarter the growing popularity of our news feed product helped drive user stickiness in search and... More
