Baidu Inc (NASDAQ:BIDU) shares are trading lower by 5.73% to $140.47 Friday. Shares of several Chinese companies are trading lower Friday amid weakness in global stocks on concerns of US inflation and Fed policy tightening. Additionally, shares of China Renaissance fell after founder Bao Fan reportedly went missing.
So What's Going On In China?
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Bao’s disappearance renewed concerns of a potential Beijing crackdown on business and tech leaders amid President Xi Jinping's sweeping anti-corruption campaign. It is also one of the latest in a series of cases of top Chinese executives going missing without apparent explanation.
Bao is a leading Chinese deal broker whose clients include top tech giants, including Didi and Meituan...Read More
According to data from Benzinga Pro, BIDU has a 52-week high of $170.35 and a 52-week low of $73.58.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.