The largest web service company in China has expressed an interest in entering the Russian market. Baidu was impressed by the achievements of the powerful Russian search engine Yandex and expressed a desire for a possible collaboration. It is worth noting, that within this economic segment many Russian companies also pay a lot of attention to the Chinese market. Such successful cooperation will lead to new investments, which will undoubtedly increase the profits and reduce the costs of both companies.
Such positive news has affected the value of Baidu shares, which has increased by 1,38%, and the cost of Yandex, which has risen by 1.25%. Traders have a great opportunity to earn money on a further growth of both assets. Baidu and Yandex will be available during the US session, from 13:40 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.