baidu q2 earnings 2020

China’s currency was flat overnight.After the close in Hong Kong, Hang Seng Indexes announced that Alibaba HK, Xiaomi, and WuXi Biologics would be added to the Hang Seng Index on September 7Earnings season continues for US-listed Chinese companies next week with JD.com releasing Q2 earnings on Monday, Sina/Vipshop/Weibo on Wednesday, Alibaba on Thursday, and Meituan Dianping/Baozun/Pinduoduo on Friday.

Nasdaq Volume was off -2.75% from yesterday, which is just above the 1-year average while breadth was positive with 1,984 advancers and 1,606 decliners. ... Jul 30 2020 3:31 PM EDT Updated Thu, Aug 6 2020 …

Baidu Earnings: BIDU Stock Drops 5% Despite Beating Q2 Estimates

Hot Chips 2020 Live Blog: Baidu … As a pioneer within the ETF industry I experienced the surge in popularity of ETFs firsthand, helping an industry-leading global ETF provider grow AUM from a few million to over $1.5 trillion. Catering, i.e. The company warned that a decline in overall sales could continue in the second half of the year. Habits formed during the quarantine are sticking, which is also a very important lesson for global investors.

Auto sales from the Retail Sales release show that while auto sales were weak in July, production is increasing in anticipation of future demand. Northbound Stock Connect volumes were light though foreign investors were active buyers of Mainland stocks.

I would say that they were down, but the opposite is true! Secret Advisor to Billionaires Makes Surprising Prediction for 2020According to Eric Fry, a handful of little-known stocks are on the verge of a sudden and powerful turnaround.

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In addition to contributing to Forbes, I am often interviewed on and quoted in Bloomberg, CNBC and The Wall Street Journal on matters surrounding Chinese markets.Opinions expressed by Forbes Contributors are their own.I am the CIO of KraneShares, a China-focused ETF provider. Baidu, Inc. (BIDU - Free Report) is slated to report second-quarter 2020 results on Aug 13.In the last reported quarter, it delivered an earnings surprise of 95.3%. Takeaway: The economic data release was a touch light though continues to show a v-shaped recovery is underway. What is also very important is that July online sales were not given but online sales Year-to-Date were. Remember to always look at China’s currency when you see a China headline. Copyright © The company expects revenue for the period to range from 26.3 billion yuan to 28.7 billion yuan. Shanghai Stock Connect volume leaders were Kweichow Moutai, which was bought slightly, China Tourism Group, which was sold by a tiny amount, and Ping An Insurance, which was bought by nearly 3 to 1.

Baidu is the largest search engine in China.- PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images) 2020 InvestorPlace Media, LLC.

Alphabet's Q2 earnings are expected to be hit hard by the effects of the pandemic alongside a maturing digital ad market. China-domiciled companies outperformed Hong Kong-domiciled companies +0.21% versus -0.31% using the HS China Enterprise and HK 35 Indexes as proxies. Baidu announced earnings per share of ¥14.73 on revenue of ¥26.03B. Leveraging my experience working in capital markets, voracious appetite for global financial news and a touch of humor, I aim to provide readers with an informative daily roundup of key headlines and data from China’s financial markets. in Asia. The 205 Chinese companies listed in Hong Kong returned a total of +0.34% led by discretionary +2.57%, real estate +0.95%, industrials +0.86%, financials +0.52%, staples +0.42%, materials +0.41%, tech +0.14%, energy -0.23%, communication -0.48%, health care -0.58%, and utilities -1.21%.Southbound Stock Connect volume was light though Mainland investors were net buyers of Hong Kong stocks. As a pioneer within the ETF industry I experienced the surgeI am the Chief Investment Officer of KraneShares, a China-focused provider of exchange-traded funds (ETFs).

Shenzhen Stock Connect volume leaders were Luxshare, which was bought 2.5 to 1, Wuliangye Yibin, which was bought by 7 to 4, and BOE Technology, which was sold by 6 to 5. Shanghai Connect volume leaders were Tencent, which was sold 5 to 4, Meituan Dianping, which was bought 2 to 1, and China Unicom

We are pleased that in-app revenue grew in the second quarter, despite a challenging macro environment, further validating our strategy to make Baidu App a super app through AI-powered building blocks and marketing cloud platform.”Baidu provides guidance for its third quarter of 2020 in the current earnings report.

This is key for every investor: even with an effective quarantine, there is an apprehension about entering restaurants without a cure or a vaccine. The value of retail sales was off slightly month over month with JD.com and Alibaba’s June sales events potentially a factor.