Baidu, Geely's EV venture faces uproar after it says needs fresh funds [Yahoo! Finance]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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Source: Yahoo! Finance
showed, a day after the EV maker said it would streamline operations to cope with fierce market competition. The Baidu Inc and Geely joint venture said on Wednesday it would seek fresh funding and cut projects, becoming one of a number of smaller start-ups to admit to struggles amid a bruising price war in the world's largest auto market. But in an unusual move, several videos as well as livestreams from its Shanghai headquarters were posted online, showing dozens of people, some wearing employee lanyards, surrounding CEO Xia Yiping demanding to know when they would be paid. Ji Yue's statement on Wednesday did not mention staff payment issues but asked suppliers for their support. It also did not mention any job cuts, but said that it was looking to merge departments and positions that had duplicate functions. Xia, whose face can be seen clearly in videos, was pictured engaging calmly with them and telling them not to be angry. He also repeatedly answered that he was seeking t
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BIDU
News
- Baidu, Inc. (NASDAQ: BIDU) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Baidu, Geely's EV venture faces uproar after it says needs fresh funds [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Strong Sell Stocks for December 12th [Yahoo! Finance]Yahoo! Finance
- Conversational Systems Market to Witness 28% CAGR by 2031 | SkyQuest Technology [Yahoo! Finance]Yahoo! Finance
- Baidu Shares Plunge 28.9% Year to Date: Time to Sell the Stock? [Yahoo! Finance]Yahoo! Finance
BIDU
Earnings
- 11/21/24 - Beat
BIDU
Sec Filings
- 11/26/24 - Form 144
- 11/25/24 - Form 144/A
- 11/25/24 - Form 144
- BIDU's page on the SEC website