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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 … )
A new cloud computing tie-up between US networking equipment giant Cisco (Nasdaq: CSCO) and leading Chinese TV maker TCL (HKEx: 1070; Shenzhen: 000100) caught my attention more due to its broader implications for both companies rather than the modest size of the actual investment. The deal comes as Cisco is facing difficulties in China, the direct result of an ongoing spat between Washington and Beijing over cyber security. At the same time, it also represents the latest in a string of recent signals that TCL is eying some new global alliances, a decade after 2 high-profile tie-ups with other western partners ended in disaster. Read Full Post…
New overseas investments by 2 of China’s top 3 Internet firms hint at where future priorities will lie for e-commerce leader Alibaba (NYSE: BABA) and Internet search giant Baidu (Nasdaq: BIDU), which have made new purchases in the US and Brazil, respectively. More broadly speaking, the relatively modest size of these latest investments reflects the very real fact that major M&A targets have mostly disappeared by now, putting pressure on the cash-rich trio of Baidu, Alibaba and Tencent (HKEx: 700) to look overseas for places to invest. Based on the nature of these new investments and other similar recent ones, it’s becoming clear that overseas companies are most interested in the Chinese companies’ cash and would probably prefer to avoid being seen as a “made in China” company. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 10. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) Buys Control Of Brazil’s Peixe Urbano In Expansion Push (English article)
The microblogging realm has been relatively quiet this past week as Chinese tech executives enjoy the long October 1 holiday. Still, a few couldn’t completely stay away from their online accounts, led by TCL’s (Shenzhen: 000100) thoughtful Chairman Li Dongsheng who hinted at a possible tie-up with struggling former Taiwanese smartphone giant HTC (Taipei: 2498).
Meantime, LinkedIn’s (NYSE: LNKD) China chief Derek Shen commented on the current overheated investment environment in China’s Internet, reinforcing a view I’ve been stating for a while now. Finally there was Lenovo (HKEx: 992) CEO Yang Yuanqing, who let his deputies do the talking on his behalf as he donated a portion of his annual bonus to rank-and-file company employees in a goodwill gesture for the third straight year. Read Full Post…
US-listed Chinese companies have made a flurry of strategic moves on Wall Street over the long October 1 holiday, with former high-flyers Qihoo 360 (NYSE: QIHU) and 58.com (NYSE: WUBA) taking steps to prop up their sagging share prices. The correction now taking place is long overdue, following huge run-ups in New York-traded Chinese stocks over the last year and a half. Still, the sell-off doesn’t bode too well for car rental firm eHiCar Services, which has just become the first major Chinese firm to file for a Wall Street IPO following the blockbuster listing for Alibaba (NYSE: BABA) last month. Read Full Post…
Microsoft (Nasdaq: MSFT) and Intel (Nasdaq: INTC), the sputtering “Wintel” pair that once dominated the high-tech industry, are both in the China headlines today, as each tries to reverse its downward slide in the important market. In the first case, Microsoft’s new CEO Satya Nadella is visiting China in his first overseas trip since assuming his current title, and is quickly finding himself quite busy putting out fires on a number of fronts. In the latter case, Intel is paying a hefty premium for a Chinese cellphone chipmaker as it attempts to find a place in a critical sector that is rapidly overtaking its core business making chips for traditional PCs. Read Full Post…
The headlines are buzzing today about the latest Hurun Report listing the richest people in China, which has a decidedly tech flavor this year that hints at trouble ahead for the overcharged Internet sector. The report has become a gold standard for gauging the latest business trends in China, but is also famous for focusing on industries that have become overheated. That’s not too surprising, since it’s often such overheating that leads to huge surges in company share prices, which are most often the main foundation for calculating individuals’ wealth. This year half of the top 10 richest men in China come from the tech sector. Read Full Post…
I decided to write about leading online video site Youku Tudou (NYSE: YOKU) today after reading a new report that says the company has posted a hefty 1.77 billion yuan ($290 million) in losses since its New York IPO 4 years ago. A little math will show that translates to average losses of about $20 million in each of the approximately 15 reporting quarters since it went public in December 2010. Much has changed in China’s online video space over that time, including a recent regulatory campaign to stop Youku Tudou and its peers from competing directly with traditional TV stations. Read Full Post…
Conspiracy talk was buzzing through the microblogging realm this past week, as numerous executives weighed in on 2 major news events in the China tech world. One of those saw Apple (Nasdaq: AAPL) finally unveil its new iPhone 6, only to mysteriously yank China from its global launch map without any explanation. The other saw executives speculating on the significance of and reasons behind the surprise defection of Zhang Yaqin, a longtime China-based Microsoft (Nasdaq: MSFT) executive who abruptly left the company for a job at leading Internet search company Baidu (Nasdaq: BIDU). Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 18. To view a full article or story, click on the link next to the headline.
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China’s Wanda Commercial Properties Plans Up To $6 Bln HK IPO (English article)
Two of China’s larger tech and media names are in the headlines today for new US investments, highlighting a recent trend that is seeing Chinese firms step up such investing as they search for western expertise and technology. The larger of the deals will see Huayi Bros (Shenzhen: 300027), one of China’s most successful independent film producers, invest $130 million in a US-based subsidiary as part of its international expansion. The other will see LCD maker BOE Technology (Shenzhen: 000725) invest a more modest $5 million in a US start-up that develops technology for wearable products. Read Full Post…
