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BAIDU SHARE SLIDE WIPES $2.4 BILLION OFF MARKET VALUE AMID SPECULATION OVER Xi MEETING

  • NEWS Desk Global
  • Feb 17
  • 1 min read



The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.

Xi hosted a symposium in Beijing with the country's top tycoons, including Alibaba founder Jack Ma and Huawei's Ren Zhengfei.

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