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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)  More Company Research Source: Yahoo! Finance
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
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 [Read more]
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Stockreport

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) 
More Company Research Source: Yahoo! Finance
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
BIDU
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS