Baidu has moved to restore investor confidencewith a $1bn share buyback, after $12bn was wipedoff the Chinese search engine’s stock market capitalisation in the wake of disappointingquarterly earnings.

百度(Baidu)发布了令人失望的季度财报之后，股票市值蒸发120亿美元，随后这家中国搜索引擎启动了10亿美元的股票回购以恢复投资者信心。

The buyback will be funded with existing cash and will take place over 12 months, Baidu saidyesterday, after its shares fell 14 per cent over the week. Baidu narrowly missed analysts’estimates for second-quarter profits and guidance for third-quarter revenues

百度昨日表示，将在接下来的12个月内动用现有资金进行此次回购。此前，百度股价在一周内下跌了14%。百度第二季度利润和第三季度营收指引都略低于分析师的估计。

The company said that the move “demonstrates Baidu’s confidence in the O2O [online-to-offline] opportunity and in our ability to capture it. It’s our commitment with nine zeros.

该公司表示，此举“证明百度对O2O(线上到线下)商机，以及我们捕捉该机会的能力有信心。于是我们作出10亿美元回购的承诺。

Reporting results on Monday, Baidu forecast revenue growth for the current quarter at 34-37per cent.

百度在周一发布营收结果，预测当前季度营收同比增长应在34%到37%之间。

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