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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 final week of the year has seen 2 of China’s top technology leaders looking inward, with Alibaba (NYSE: BABA) founder Jack Ma and TCL (Shenzhen: 000100) chief Li Dongsheng both taking the occasion to reflect on some of the people and events that put them on their paths to success. In one of his occasional posts since recently resuming microblogging, Ma reflects on an impressionable meal with a friend more than 20 years when China was a far different place from now and he was a universe away from his current status as China’s richest man. Meantime, Li reflected in a series of posts on the recent passing of his mother, and the huge influence she had on his life. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 30. To view a full article or story, click on the link next to the headline.
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Bottom line: Wanda will face a steep uphill climb in electronic payments following its purchase of 99Bill, while UnionPay will continue to grow rapidly overseas as more Chinese travelers and businesses go abroad.
Wanda buys control of 99Bill
Two big news bits from the electronic payments space are in the headlines as we round out 2014, led by news of a major new acquisition by property giant Wanda Group just days after a Hong Kong IPO for its core shopping mall unit. The other new revolves around industry giant UnionPay, which has feasted on outbound Chinese tourist and business spending to pass larger global rivals MasterCard (NYSE: MA) and Visa (NYSE: V) for issuing credit cards in nearby South Korea. Read Full Post…
Bottom line: Uber will face a difficult time in its global expansion due to poor understanding of local markets and lack of control of its rental fleets.
By Lu Jin
Uber faces uphill road in China
In the last few days, while I was still pondering the big news about a $600 million investment by China’s leading search engine Baidu (Nasdaq: BIDU) in Uber (English article), the more powerful news broke that the car service provider had quadrupled its fares during the Sydney cafe hostage crisis this week in Australia. This kind of hasty and poorly conceived move convinced me once again that Uber’s global expansion will not succeed in many global markets, especially one like China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 18. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) To Buy Uber Stake In Challenge To Alibaba In China (English article)
Dalian Wanda Sets IPO Price At HK$48, Near Upper End Of Range (Chinese article)
Avon (NYSE: AVN) Ends Bribery Probe Tied to China With Guilty Plea, Fine (English article)
US Confirms Duties On Solar Goods From China, Taiwan (English article)
Unicom (HKEx: 762), China Telecom (HKEx: 728) To Expand LTE Trial Networks (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 17. To view a full article or story, click on the link next to the headline.
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Geely (HKEx: 175) 2014 Profit Drops 50 Pct On Forex Loss In Russia (HKEx announcement)
Baidu (Nasdaq: BIDU) To Announce $600 Mln Investment In Uber – Source (Chinese article)
Insurer Delta Lloyd (Amsterdam: DLL) Sells Belgian Bank To China’s Anbang (English article)
Bottom line: The target of Qihoo’s rumored smartphone purchase could be Coolpad, while Xiaomi’s new tie-up with Midea could be followed by similar pairings in a broader drive to develop smart appliances.
Qihoo eying Coolpad?
A couple of big deals are bubbling around in the smartphone space today, led by yet another new tie-up involving smartphone sensation Xiaomi, this time with home appliance maker Midea (Shenzhen: 000333). But the hyperactive Xiaomi is having to share the spotlight with the edgier security software specialist Qihoo 360 (NYSE: QIHU), which is reportedly eying a deal for its own major smartphone acquisition worth up to $1 billion.
Each of these deals has slightly different motivating factors, but the central theme is that companies like Qihoo and Xiaomi increasingly see smartphones as a central element of larger suites of product and services rather than just a stand-alone product. In Xiaomi’s case, the company already counts smartphones as its core central product and is trying to build up an ecosystem of related products and services like smart TVs and air conditioners. Qihoo is eying smartphones as a vehicle for propagating its core software and Internet services. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 12. To view a full article or story, click on the link next to the headline.
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Momo (Nasdaq: MOMO) Shares Shrug Off Allegations Against CEO In Debut (English article)
NQ Mobile (NYSE: NQ) Announces Resignation Of Chairman, Co-CEO Lin (PRNewswire)
Xiaomi Accused Of Copying Air Purifier Design From Japanese Firm (Chinese article)
Sony’s (Tokyo: 6753) PlayStation To Make China Debut Next Month (English article)
Baidu (Nasdaq: BIDU) Invests In Uber – Source (English article)
China’s anti-corruption campaign has accelerated into the private sector over the last few weeks, with shares of sportswear retailer Anta (HKEx: 2020) and online video provider LeTV (Shenzhen: 300104) both tumbling after reports emerged that their top executives might be under investigation for illegal activities. In both cases the worries later appeared to be unfounded, but other signals have indicated the movement is indeed creeping into the private sector. Read Full Post…
Bottom line: Linekong’s IPO should price in the middle of its range and post modest gains on its trading debut, while Dalian Wanda will price near the bottom of its range and debut flat to down slightly.
Linekong aims for December 19 trading debut
The year-end rush of IPOs is steaming ahead in Hong Kong, with online game operator Linekong popping back into the headlines for a year-end listing, as property giant Dalian Wanda starts to sell its own IPO story to investors. The former deal is relatively large for an online game company, aiming to raise nearly $200 million. Meantime, the latter could become the biggest IPO Hong Kong has seen in several years, with the potential to raise nearly $4 billion. Frankly speaking, neither of these deals looks too exciting to me as both come in sectors plagued by overcapacity and stiff competition. But that said, at least Dalian Wanda could be a good longer-term bet due to its status as one of China’s best-run and biggest commercial property developers. Read Full Post…
Bottom line: Wanda chief Wang Jianlin could purchase a controlling stake in MGM as he looks to take over a Hollywood studio, while his Wanda Dalian property IPO will get a tepid reception but perform well over the longer term.
Wanda’s Wang Jianlin eyes Lions Gate, MGM
Property magnate Wang Jianlin is used to getting what he wants, but 2 new headlines indicate his Wanda Group may have to settle for compromise in a pair of its latest forays, one involving a Hong Kong IPO and the other involving his desire to purchase a major Hollywood studio. The former headline has Wang reportedly scaling back plans for a mega IPO in Hong Kong for Dalian Wanda, his group’s flagship property arm. The second and more intriguing news item has him seeking to buy a controlling stake in a major Hollywood studio, with Lions Gate (NYSE: LGF) and MGM mentioned as 2 possible candidates. Read Full Post…
