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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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\" 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href=https://seekingalpha.com/news/3930416-baidu-pops-blackrock-increases-stake><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<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.According to a 13-G filing, 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":{"BK4579":"人工智能","BK4526":"热门中概股","BK4552":"Archegos爆仓风波概念","BLK":"贝莱德","BK4574":"无人驾驶","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","QNETCN":"纳斯达克中美互联网老虎指数","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) 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