Bulletin
Investor Alert

Market Pulse Archives

April 9, 2020, 9:16 a.m. EDT

Baidu suspends updating content on certain channels, as result of regulator directives

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Baidu Inc. ADR (BIDU)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Baidu Inc. /zigman2/quotes/209050136/composite BIDU +0.22% said Thursday has suspended updating content on certain newsfeed channels within Baidu App and conduct maintenance, starting April 8, following directives from government regulators. The China-based internet search giant said the suspension could have an impact on marketing services revenue. The move follows reports that China's cyberspace regulator said some of Baidu's reviews of news feed channels weren't strict, and therefore had a bad influence on society. Baidu said other measures it's taking to comply with regulator directives include monitoring and management over its platform, strengthening the integrity and quality of content and improving business practices. The stock rose 0.8% in premarket trading. It has lost 23.0% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has dropped 14.9%.

/zigman2/quotes/209050136/composite
US : U.S.: Nasdaq
$ 106.55
+0.23 +0.22%
Volume: 6.86M
May 29, 2020 4:00p
P/E Ratio
125.36
Dividend Yield
N/A
Market Cap
$29.18 billion
Rev. per Employee
$365,691
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.