Text | CapitalWatch
This makes it possibleBaiduPlans to expand business in India have been shelved.
Shares of Baidu, Inc. (Nasdaq:BIDU) fell slightly to $125.85 on Wednesday. It is reported that Baidu, Inc. 's search service has been hit by New Delhi's latest ban on Chinese apps.
Baidu, Inc., China's largest search engine, has been blocked in India, the Times of India reported. The move follows the closure of 59 Chinese or Chinese-backed apps in New Delhi, which the government called "targeted measures to ensure the security and sovereignty of India's cyberspace".
Along with Douyin, the first to be banned is Baidu, Inc. 's mobile map app. Now, Baidu, Inc. 's search service is also under attack.
Last week, it emerged that India might expand its censorship of Chinese apps to ban the use of as many as 275 apps in India. The Times of India also said that only 47 new apps have been targeted so far.Sina Weibo Corp(Nasdaq:WB) is also on the new list, which is made bySina (Nasdaq: SINA)A social networking platform that operates.
Baidu, Inc. shares fell 82 cents today to close at $125.85 per American depositary share. Sina closed down 19 cents at $40.21 a share. Weibo Corp rose 7 cents to close at $35.94 a share.
New Delhi said the decision was due to the fact that the applications were "involved in activities that undermine India's sovereignty and integrity, defence, national security and public order".
Robin Li, chief executive of Baidu, Inc., visited India earlier this year as the company sought to expand its influence in India.