Rose 10.88%, Baidu-Baidu's market value of almost $ 80 billion-IT news Rose 10.88%, Baidu's market value of almost $ 80 billion

Poor corporate earnings dragged down United States stocks closed lower on Friday, the Dow Jones industrial average down more than 120 points, the third consecutive trading day lower. Due to poor performance of the Amazon's shares tumbled almost 10%. China stocks were mixed, Baidu's latest results super market expectations, rose 10.88%, closed at $ 226.50, and then record, worth almost $ 80 billion .

Baidu reported yesterday, the second quarter of this year, Baidu's revenue 11.986 billion yuan, an increase of 58.5%; net profit 3.547 billion yuan, an increase of 34.1%. Baidu per share in the second quarter (United States depository shares) receipts amounted to 10.09 Yuan.

Baidu Chairman and CEO Robin Li said after the earnings, in addition to increasing the investment in mobile, Baidu also increased in the second quarter on deep learning of cutting-edge technology, such as investment in research and development, which will effectively enhance the user experience and customer return on investment with, and will sustain the momentum of change.

Baidu's performance of analysts ' expectations in the second quarter. According to Yahoo Finance summary data, Wall Street analysts on average expect Baidu's revenue in the second quarter was 11.98 billion yuan per share (United States depository shares) receipts amounted to 8.19 Yuan.

After the earnings report was released, Morgan Stanley reiterated that Baidu outperform rating, price target raised to $ 251; Baidu, Deutsche Bank maintained buy ratings and price target of $ 245; Goldman Sachs maintaining Baidu's buy rating and a target share price of $ 260.

For the current quarter, Baidu expects total revenue will be between 13.42 billion yuan (about 2.163 billion dollars) to 13.78 billion yuan (about US $ 2.221 billion), between 55% and 50.9% more than 2013.

The past 52 weeks, Baidu's share price to a minimum of $ 124.27, Max hit in today's intraday US $ 226.76. At today's closing price, Baidu's current market value at $ 793.7.

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Ctrip rose 7.68%, closed at $ 67.00; netqin up 7.41%, to close at $ 6.67; State Digital-5.41%, to close at $ 11.20. China-concept shares Friday's prices are as follows:

Trading unit: us $ above; in the value column, b for $ 1 billion, m represents $ 1 million, k for $ 1000.