https://www.cnbc.com/2018/06/27/reuters-america-chinas-baidu-to-buy-back-up-to-1-bln-shares.html

China's Baidu said on Wednesday its board approved a plan to buy back up to $1 billion of its shares, with repurchases taking place over the next 12 months.

The Nasdaq-listed search engine giant said the repurchases will be funded from the company's existing cash balance.