Baidu Pops 13% As Blackrock Increases Stake in Chinese Tech Firm

seekingalpha2023-02-02

Baidu (NASDAQ:BIDU) shares rose 13.05% on Wednesday as asset manager Blackrock (BLK) disclosed that it had increased its stake in the Chinese tech company.According to a 13-G filing, Blackrock (BLK), ...

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·2023-02-02
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Pops 13% As Blackrock Increases Stake in Chinese Tech Firm","url":"https://stock-news.laohu8.com/highlight/detail?id=2308683630","media":"seekingalpha","summary":"Baidu (NASDAQ:BIDU) shares rose 13.05% on Wednesday as asset manager Blackrock (BLK) disclosed that ","content":"<html><head></head><body><p>Baidu (NASDAQ:BIDU) shares rose 13.05% on Wednesday as asset manager Blackrock (BLK) disclosed that it had increased its stake in the Chinese tech company.</p><p><img src=\"https://static.tigerbbs.com/9a2f42c1766f768b2de5372487a75d98\" tg-width=\"811\" tg-height=\"842\" width=\"100%\" height=\"auto\"/></p><p>According to a 13-G filing, Blackrock (BLK), which has roughly $10T in assets under management, disclosed that it had raised its passive stake in the company to 6.6% as of the last quarter, up from a previous ownership stake of 3.5%.</p><p>Several other Chinese technology firms rose on back of the disclosure, including Alibaba (BABA), JD.com (JD) and Pinduoduo (PDD).</p><p>Last month, it was reported that Baidu (BIDU) is getting ready to unveil an artificial intelligence chatbot service similar to OpenAI’s ChatGPT.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu Pops 13% As Blackrock Increases Stake in Chinese Tech Firm</title>\n<style 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Blackrock (BLK), ...</p>\n\n<a href=\"https://seekingalpha.com/news/3930416-baidu-pops-blackrock-increases-stake\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4535":"淡马锡持仓","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","BK4077":"互动媒体与服务","BIDU":"百度","QNETCN":"纳斯达克中美互联网老虎指数","BK4579":"人工智能","BK4526":"热门中概股","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","BK4552":"Archegos爆仓风波概念","BK4574":"无人驾驶","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BLK":"贝莱德","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) 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