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Tag Archives: Baidu
Baidu Company News Baidu 百度, Inc. incorporated on January 2000, is classifed as web services company established by Robin Li and Eric Xu.
Overview of the Chinese high Tech Market by former Chief Editor of Reuters (Doug Young).
Baidu offers many services, including a search engine for websites, audio files and images.
Baidu in Figures
– Ranked 4th overall in the Alexa rankings
– In 2015, Baidu had over 1 billion visits / month
– Baidu offers 57 community services (Chinese encyclopedia, questions/Answers , forums … )
The headlines last week were littered with signs of growing unrest and chaos among the dozens of US-listed Chinese companies trying to privatize from New York and return to China in search of higher valuations. One of the biggest items saw signs of a new bidding war break out for private clinic operator iKang (Nasdaq: KANG), while another saw data center operator 21Vianet (Nasdaq: VNET) mount what increasingly looks like a stealth privatization campaign. A third saw social media website operator YY (Nasdaq: YY) become the first to abandon its privatization bid altogether, casting doubt on many of the other similar pending offers that have gone for months without any progress. Read Full Post…
The following press releases and news reports about China companies were carried on June 21. To view a full article or story, click on the link next to the headline.
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JD.com (Nasdaq: JD) Swaps 145 Mln Shares for Walmart’s (NYSE: WMT) Yihaodian (Chinese article)
China Mobile (HKEx: 941) Adds 17.9 Mln 4G Users in May, Total Up to 409 Mln (Chinese article)
Kuka (Frankfurt: KU2) Investor Loh Says Not Planning Counter Bid to Midea’s (English article)
Perfect World Buys Back Online Literature Unit from Baidu (Nasdaq: BIDU) (Chinese article)
Orient Securities Hong Kong IPO Seeks Up to $1.2 Bln (English article)
The following press releases and news reports about China companies were carried on June 18-20. To view a full article or story, click on the link next to the headline.
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Apple (Nasdaq: AAPL) Hit With New China Setback in Beijing Patent Ruling (English article)
China’s Postal Savings Bank May File For Up to $8 Bln HK IPO Next Week (English article)
Bottom line: Baidu’s long-term revenues will decline by 15-20 percent from current levels as a result of a cut-back in sponsored links and new transparency policies that will scare away some of its advertisers.
Baidu cuts Q2 revenue outlook
What’s the cost of being honest, or at least a little more honest? If your name is Baidu (Nasdaq: BIDU), apparently the answer is about $400 million, which is how much China’s leading search engine has just lowered its latest quarterly revenue forecast after taking steps to become more transparent. Put differently, the figure is about one-eighth of Baidu’s previous revenue forecast for the quarter, meaning it would translate to lost revenue of about $1.3 billion of the $10.25 billion it generated for all of last year. Read Full Post…
The following press releases and news reports about China companies were carried on June 14. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) Announces Lowered Revenue Guidance for Q2 (PRNewswire)
Nokia (Helsinki: NOK1V) Signs $1.5 Bln Framework Deal with China Mobile (HKEx: 941) (English article)
Okmetic (Helsinki: OKM1V) Says 93 Pct of Shares Tendered for Offer by China’s NSIG (GlobeNewswire)
After Apple,Didi Chuxing Gets $600 Mln Investment from China Life (HKEx: 2628)
Cheesecake Factory (Nasdaq: CAKE) Opens First China Store at Shanghai Disney (Businesswire)
Bottom line: A new $300 million investment by Tencent, Baidu, JD.com and a private equity firm in Bituato is aimed at providing major strategic partners to ensure its continued profitability as an independent car trading platform.
Baidu, Tencent, JD invest in Bitauto
China’s non-stop chain of Internet M&A has created some strange bedfellows, including a new investment that will make partners out of search leader Baidu (Nasdaq: BIDU) and social networking giant Tencent (HKEx: 700). The pair, 2 of China’s top 3 Internet companies, are coming together with e-commerce giant JD.com (Nasdaq: JD) and another private equity firm to invest a fresh $300 million in online car listing services firm Bitauto (NYSE: BITA). The investment by each company is relatively small, and has slightly different significance for all 4 parties involved. Read Full Post…
The following press releases and news reports about China companies were carried on June 7. To view a full article or story, click on the link next to the headline.
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Bitauto (NYSE: BITA) Announces $300 Mln Investment from Tencent, Baidu, JD.com (PRNewswire)
Suning (Shenzhen: 002024) Pays 270 Mln Euros for 70 Pct of Soccer Club Inter Milan (Chinese article)
TCL (Shenzhen: 000100) to Take Handset Maker TCL Communication (HKEx: 2618) Private (English article)
Yingli (NYSE: YGE) Announces Preliminary Financial Results for Q1 (PRNewswire)
Bottom line: European alarmism could soon start to grow over a sudden Chinese buying spree of local soccer clubs, including the latest purchase of Inter Milan by Suning and a looming purchase of AC Milan by a Chinese buyer.
Suning bounces into Milan
The new week is kicking off with a couple of China soccer deals in Europe, led by the purchase of a majority of Italy’s Inter Milan by consumer giant Suning (Shenzhen: 002024), and buzz that another deal is near that would see crosstown rival AC Milan sold to a Chinese buyer. This kind of news is becoming quite common these days, following other recent deals that have seen Chinese companies buy or purchase stakes in soccer clubs and other sporting assets in Spain, Britain, Switzerland and even New York. All of which raises the question of if and when Europeans might start to feel uneasy about this sudden buying binge of so many assets from their favorite past-time. Read Full Post…
Bottom line: Baidu’s new tie-up with a US-based stock broker reflects growing access to global stocks by Chinese investors, and could help to stem the recent privatization wave of overseas-listed Chinese companies.
Baidu in US stock tie-up with Robinhood
In a move that has highly symbolic overtones, online search giant Baidu (Nasdaq: BIDU) has just formed a new alliance with a US company that will finally make its own New York-listed stock available to investors in its home China market. That deal will see US stock trading startup Robinhood offer its services over Baidu’s own brokerage platform, in a tie-up that reflects the growing access that Chinese investors are gaining to overseas stock markets. Read Full Post…
Bottom line: Baidu’s stock won’t suffer more short-term damage from a recent series of transparency scandals, but its reputation could suffer over the longer term.
Baidu software under fire
Leading search engine Baidu (Nasdaq: BIDU) is fast becoming synonymous with the word “opaque” due to long-standing practices that have helped it become one of China’s most valuable Internet companies, often by exploiting unsuspecting consumers. Following a recent series of scandals involving various opaque practices, the company is back in the headlines after a number of apps from its mobile assistant store landed on a malware black list from China’s telecoms regulator.Read Full Post…
The following press releases and news reports about China companies were carried on May 27. To view a full article or story, click on the link next to the headline.
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