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Baidu Inc. plans to raise up to $2 billion through seven-year exchangeable bonds maturing in 2032, which will be convertible into shares of Trip.com Group Ltd. The proceeds will be allocated for debt repayment, interest payments, and general corporate purposes, with the bonds featuring a 0% coupon. The offering is being managed by JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., and Bank of America Corp.
U.S.-listed shares of Chinese technology companies rebounded after significant losses, with Alibaba rising 4% following a steep decline. UBS remains optimistic about the sector, citing improving fundamentals and macroeconomic support, despite ongoing U.S.-China tensions and export restrictions. Other notable gains include JD.com and Bilibili, while ETFs tracking Chinese tech also saw positive movement.
U.S.-listed Chinese tech stocks rebounded after significant losses, with Alibaba rising 4% following a 10% drop. Despite concerns over U.S. investment restrictions and a potential crackdown on chip exports to China, UBS maintains an "attractive" outlook for the sector, citing improving fundamentals and AI innovation. Other companies like JD.com and Bilibili also saw gains, while ETFs tracking Chinese stocks performed positively amid ongoing U.S.-China tensions.
U.S.-listed Chinese tech stocks rebounded after significant losses, with Alibaba rising 4% following a steep decline. Despite concerns over U.S. investment curbs and potential chip export restrictions, UBS maintains an "attractive" outlook on China's internet sector, citing improving fundamentals and AI innovation. Other notable gains included JD.com, PDD Holdings, and Bilibili, while ETFs tracking Chinese tech also saw positive movement.
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