The Chinese largest search system has been observed by regulators after the scandal related to the death of a user. 21-year old Wei Zexi had cancer and took advantage of online advertising on Baidu, offering alternative therapies, which eventually led to a sad end. The Cyberspace Administration ordered Baidu to make changes in the system, in particular to inform the customers about possible risks and to reduce the amount of advertising. The overall situation had a negative impact on Baidu’s reputation.
The Baidu shares have fallen by 1.97% and continue to decrease in value. Traders have a great chance to earn money on the asset’s further decline. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.
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