If you heard CNBC in the last few minutes or have watched news wires, multiple reports are out that China has blocked the Google.cn site. Sound familiar? It should. This is not a repeat of news from early this year. It is roughly the same result though. After going to Google.cn, there is a redirect now to Google.com/hk.
Baidu, Inc. (NASDAQ: BIDU) is the winner here if Google officially gets booted out of China. Its shares are up almost 3% at $81.49 in the after-hours response. Google shares are down over 2% and just under the $476 handle in the after-hours session.
If you look in the current Google search, it seems that the images and news are down at least partially, web search is out, and ads are out.
As of 5:35 PM EST there has yet to be an official news release from Google and there is also no post yet on The Official Google Blog. You can thank Twitter alerts under “google china” for catching that.
JON C. OGG
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.