HONG KONG: China's Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma's empire.
Baidu (Nasdaq: BIDU) share price reaches US$191.26 a share, exceeding analysts’ forecasts
The artificial-intelligence heavyweight might use contract manufacturing to produce its own EVs
In 2021, its core search business could see revenue recovering, analysts say
Meanwhile, Donald Trump has signed a new law that could remove Chinese stocks from the US
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Why did Baidu’s shares climb recently?
The uptrend in Baidu Inc’s stock price sped up in the past two weeks, hitting two-year highs. Based on its US$191.26 close on Tuesday (22 December 2020), shares have jumped 33% since 07 December.