Baidu, Inc. Class A ( (HK:9888) ) just unveiled an update.
Baidu, Inc. has successfully completed a CNY10 billion offering of CNY-denominated senior unsecured notes, comprising CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035. The proceeds are intended for general corporate purposes, including debt repayment and interest payments. This strategic financial move is expected to bolster Baidu’s financial flexibility and support its ongoing operations, potentially enhancing its competitive position in the industry.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading Chinese technology company primarily operating in the internet services and artificial intelligence sectors. It is well-known for its search engine services and has a significant focus on the Chinese market. The company is incorporated in the Cayman Islands and is listed on the Nasdaq under the symbol BIDU.
YTD Price Performance: 11.55%
Average Trading Volume: 13,403,075
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$258.8B
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