Baidu, Inc. (NASDAQ:BIDU) Signaling A Potential New Era of More Realistic Spending On Its …

Baidu, Inc. (NASDAQ:BIDU) Signaling A Potential New Era of More Realistic Spending On Its …

Baidu, Inc. (NASDAQ:BIDU) [Detail Analytic Report] announced that it has completed its share buyback program in its third quarter of 2015 approved by the board of directors of the firm in July 2015. This new buyback share plan and tie-up among its Qunar unit and former competitor Ctrip could indicate a new pragmatism from Baidu chief Robin Li, signaling a potential new era of more realistic spending on its emerging businesses. According the program, the firm bought back around 6.0 million ADSs for about $1 billion. In last week board of directors of Baidu approved a new share buyback program under which the firm may buyback more than $2 billion of its shares during the coming 24 months. Moreover, Baidu declared its third quarter of 2015 revenues of $2.892 billion,…


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