Baidu, a popular search engine, will start being traded on the MSCI index in China. It is believed that the expanded pool of potential investment will give Baidu an edge over competition, including Alibaba. When it opens on the MSCI, Baidu likely will already be starting with a 6.5% weight, contrary to Alibaba’s 3%. In terms of operations, Baidu has kept itself busy with a collaboration deal with China Mobile including an app to analyze stocks and a mobile cloud. Today, Baidu has risen over 1% to 208.50 already, and is expected to jump much further when it is traded in China.
February 24, 2015 – Stock Market News
Baidu, a popular search engine, will start being traded on the MSCI index in China. It is believed that the expanded pool of potential investment will give Baidu an edge over competition, including Alibaba. When it opens on the MSCI, Baidu likely will already be starting with a 6.5% weight, contrary to Alibaba’s 3%. In terms of operations, Baidu has kept itself busy with a collaboration deal with China Mobile including an app to analyze stocks and a mobile cloud. Today, Baidu has risen over 1% to 208.50 already, and is expected to jump much further when it is traded in China.
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