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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 following press releases and media reports about Chinese companies were carried on April 17. To view a full article or story, click on the link next to the headline.
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SunPower (NYSE: SPWR), Apple (Nasdaq: AAPL) To Build Solar Projects In China (English article)
P2P Lending Site Lufax Completes $485 Mln Fund Raising Round (Chinese article)
China’s Former IPO King CICC Looks for A Fresh Start (English article)
Baidu (Nasdaq: BIDU) Unveils Self-developed DuWear Smartwatch OS (English article)
Bottom line: More Chinese online video companies could soon follow LeTV onto the global stage as their home market soars, providing competition in smaller markets to locally entrenched players like Hong Kong’s PCCW and TVB.
LeTV marches into HK
China is generally considered a technology follower rather than a leader, but new data are showing an exciting trend that could see it finally emerge as a global innovator in Internet-connected video services. The factors behind this movement are uniquely Chinese, and stem from a huge pent-up demand in China for quality video services. Such services are finally starting to come from a growing range of private companies led by names like LeTV (Shenzhen: 300104), Xiaomi and Youku Tudou (Nasdaq: YOKU), which are far more innovative and nimble than the stodgy state-run firms that dominate the traditional broadcasting sector.
Those newer companies are showing early signs of trying to go global, using Hong Kong and other Southeast Asian markets as their stepping stones onto the world stage. Such markets are relatively small and rely heavily on western content, making them particularly fertile ground for some of these Chinese firms that can create and distribute content more suitable for Asian audiences. Read Full Post…
Bottom line: Shares of Sina and its Weibo unit could come under pressure this week and for the next few months, as the regulator pushes for a clean up of its core news sites amid a broader Internet clean-up campaign.
Regulator clamps down on Sina news sites
A year-old Internet clean-up by Beijing is coming full circle to where it first began, with word that regulators have criticized and warned online stalwart Sina (Nasdaq: SINA) for failing to adequately censor its core web portal business. China Internet followers may recall that this prolonged clean-up began almost exactly a year ago when Sina’s video license was suspended after pornographic content was discovered on its literature and photo-sharing sites. (previous post) That case wasn’t too alarming since video is quite peripheral to Sina’s business. By comparison, this latest case looks a bit more worrisome, since it involves the portal news business that accounts for a big portion of Sina’s core advertising revenue. Read Full Post…
Bottom line: Momo’s shares could take a hit as Beijing pressures it to clean up its reputation as a “one night stand” app, while a group trying to buy out Jiayuan could raise its bid slightly in response to investor pressure.
Momo warned in Beijing clean-up
A pair of stories involving online matchmaking services are in the headlines as we begin the new week, with Jiayuan (Nasdaq: DATE) and Momo (Nasdaq: MOMO) facing resistance on 2 very different fronts. The first story has a Jiayuan investor crying foul over a recent buy-out offer that it says vastly undervalues the online service that engages in traditional match-making. The second story has Momo coming under fire from puritanical Beijing regulators for its more casual form of dating, which encourages short-term, one-night-stand relationships, similar to the popular US service called Tinder. Read Full Post…
Graveyards in and around Shanghai are probably breathing a collective sigh of relief after the Tomb Sweeping holiday, knowing they can take can now take a long break until they’re flooded again with the next mass migration of people honoring their ancestors. This year’s rush saw not only our local graveyards flooded with visitors, but also produced the usual crush of cars congesting nearby roads and commuters packing our public transport system.
Obviously this annual pilgrimage doesn’t affect me or most other foreigners living in Shanghai. But it did get me to thinking about how we honor the deceased in the west, and why we don’t have a similar tradition to the annual Tomb Sweeping rush. Read Full Post…
Bottom line: The move by Yahoo’s former China R&D chief to a major local Internet firm reflects growing work opportunities at Chinese companies, and waning attraction of China as an R&D center for big multinationals.
Former Yahoo R&D exec joins JD.com
A new move by a leading R&D executive is spotlighting a pair of major trends in China’s high-tech space, led by rapidly falling expectations for the market by big multinationals. The actual move has seen the former head of Yahoo’s (Nasdaq: YHOO) China R&D center take a new job at JD.com (Nasdaq: JD), China’s second largest e-commerce company, just weeks after Yahoo closed one of its last remaining Chinese operations. That move also highlights the growing attractiveness of big domestic companies for top R&D executives, who used to eschew such homegrown firms. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 10. To view a full article or story, click on the link next to the headline.
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Bottom line: Baidu may never recover the medical advertising business it lost during a recent spat with a major hospital group, putting pressure on its stock as its revenue growth takes a hit over the next few quarters.
Baidu stock takes beating in hospital tiff
A spat between leading search engine Baidu (Nasdaq: BIDU) and one of its largest advertisers is taking a toll on the company’s stock, and also casting an illuminating spotlight on the nature of the advertising market in China. If the latest reports are correct, the boycott by members of the Putian Healthcare Industry Chamber of Commerce could be costing Baidu millions of dollars in lost ad revenue each day, underscoring the importance of such advertisers.
The tussle also reflects the strange nature of China’s advertising market, where ads making inflated claims are quite common. Many outsiders may also find it strange that hospitals are such an important source of advertising revenue in China, since such ads are far less common in more developed markets. The bottom line is that exaggerated ads and strange advertisers are the norm in China, but such revenue sources for companies like Baidu could shrink as the market starts to mature and more closely resemble the west. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 8. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) Retreats on Chinese Private Hospital Advertising Boycott (English article)
Express Mobile Files Patent Infringement Claims Against Alibaba (NYSE: BABA) (PRNewswire)
BYD (HKEx: 1211) Announces Sale of Electronic Component Unit For 2.3 Bln Yuan (HKEx announcement)
Bottom line: The failure of 3 major tech leaders to discuss issues confronting their companies at a major forum in China reflect a Chinese preference to avoid thorny issues in public and instead focus on more trivial matters.
Bill Gates, Elon Musk avoid tricky issues at China forum
It’s not often that 2 of the hottest US tech personalities can share the stage with one of China’s biggest Internet names and fail to say anything newsworthy. But that’s exactly what has happened in the southern Chinese city of Bo’ao, where Microsoft (Nasdaq; MSFT) founder Bill Gates and Elon Musk, CEO of electric car sensation Tesla (Nasdaq: TSLA), failed to say much of interest as they shared the stage in a dialogue hosted by Robin Li, founder of leading Chinese search engine Baidu (Nasdaq: BIDU).
The lack of insight is even more notable because both Microsoft and Tesla have faced big challenges in China lately, as the former comes under scrutiny for tax evasion and monopolistic practices, and the latter has fallen far short of its ambitious sales targets. But then again, Robin Li isn’t a reporter, and embarrassing his 2 high-profile guests about their recent woes probably wasn’t one of his big priorities as the at 3 men met at the annual Bo’ao Forum in southern Hainan province. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 3. To view a full article or story, click on the link next to the headline.
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NetEase, Baidu, Momo Being Probed For Broadcasting Pornography (Chinese article)
Renren (NYSE: RENN) Announces Dutch Auction Offer for Its ADSs (PRNewswire)
Suning (Shenzhen: 200104) Enters Supermarket Business (Chinese article)
Chinese Online Lottery Sales to Restart, Government to Release New Rules – Report (English article)
ICBC (HKEx: 1398) Extends Deadline To Buy 20 Pct of SinoPac Financial (HKEx announcement)
