Source: Tech – South China Morning PostSearch-engine leader Baidu introduced its first-ever dividend policy and unveiled a three-year share buy-back programme of US$5 billion on Thursday, briefly sending its shares sharply higher, as the Chinese artificial intelligence heavyweight sought to shore up investor confidence amid intensifying competition.
The company said in a stock exchange filing that its board had approved a share repurchase programme running through the end of 2028.
Baidu also declared its first-ever dividend payment…Read More