Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Baidu.com, Inc. (ADR)(NASDAQ:BIDU), Groupon Inc (NASDAQ:GRPN).
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares gained 2.39% to $154.28. Baidu Inc. (BIDU)’s travel-booking service Qunar.com Inc. is planning a U.S. initial public offering that may raise about $150 million, said two people with knowledge of the matter on Sept. 9.
Qunar, which runs China’s most popular mobile travel app, is working with Deutsche Bank AG and Goldman Sachs Group Inc. on the sale, said the people, who asked not to be identified because the process is private. An IPO may take place as early as in the fourth quarter, they said. Baidu, operator of China’s largest search engine, paid $306 million in 2011 for a majority stake in Qunar to tap the country’s growing travel market.
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Groupon Inc (NASDAQ:GRPN) stock gained 3.50% to $12.11. Groupon and City Harvest, the world's first food rescue organization, are partnering to present the One Groupon, One Meal campaign set to launch Sept. 23, and run through Sept. 29. Every time a subscriber purchases a Groupon from the food and drink offerings in New York City, Long Island or Westchester County, Groupon will donate the cost of one meal to City Harvest.
Additionally, the company on Sept. 18 announced the acquisition of SideTour (https://www.sidetour.com), a marketplace that helps people discover, book and host great local activities. Terms of the deal were not disclosed.
Is GRPN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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