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2015-07-30

Baidu, China, Startups, Venture Capital, Global Tech, Investors (video)


Venture Capital in China: Bloomberg West (July 27, 2015): Guests: GGV Capital's Jeff Richards, Softbank Capital's Josh Guttman, China Market Research's Shaun Rein, General Catalyst Partners' Prateek Alsi.

UPDATE July 30, 2015: Baidu, Inc., the Chinese language Internet search provider, announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$1 billion of its shares over the next 12 months. (source: Baidu press release). The buyback announcement follows weak earnings reported Monday, and subsequent drop in stock price. The shares NASDAQ:BIDU closed up today following the buyback announcement: $174.47 UP $4.46 (2.62%).

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