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SMIC’s buyout of Beijing unit sparks selloff in Shanghai, but Hong Kong investors shrug it off

A-share investors balked at the steep issue discount, while Hong Kong traders saw a premium that implied upside.

3 mins read
  • Investors welcomed the move as a sign that Baidu can fund growth without straining cash flow.

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    Baidu raises offshore debt at record-low rates to bankroll its AI ambitions

    2 mins read

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