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Baidu net profit jumps after video unit spin-off

China search engine giant Baidu on Friday reported net profit nearly tripled in the first quarter after spinning off its video unit as part of a corporate reorientation toward artificial intelligence (AI).

Dropbox raises price range ahead of stock debut

Cloud data service Dropbox defied recent volatility among technology shares and raised its expected stock price range ahead of this week's initial public offering, suggesting strong appetite among investors.

Spotify to go public on April 3

Spotify will go public on April 3 as the world's largest streaming company lists on the New York Stock Exchange.

Dropbox IPO aiming to raise $748 mn

Cloud data service Dropbox aims to raise as much as $748 million through its initial public offering and a private sale of stock, according to an updated securities registration filed Monday.

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