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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 … )
In a move that seemed almost inevitable, leading online video site Youku Tudou (NYSE: YOKU) and top telecoms equipment maker Huawei have joined hands to create a set-top box for Internet TV, with plans to launch the product later this month. I’m calling the move inevitable, because Youku Tudou was one of China’s only major online video sharing services that had yet to launch an Internet TV initiative, and Huawei was one of the few remaining hardware makers without such a plan. This alliance looks potentially interesting as it combines 2 leaders in their respective areas, though their relatively late arrival to the game could put them at a slight disadvantage. Read Full Post…
Hong Kong is quickly emerging as the preferred starting point for China’s tech companies eager to move outside their home market, with word that video sharing operator LeTV (Shenzhen: 300104) is planning a service launch in the former British colony later this year. Such a move would make LeTV the first of China’s online video and Internet TV firms to test out an overseas market. If the reports are true, LeTV could discover the outside world offers some interesting opportunities, but also major challenges as it goes head-to-head with local players and also global giants like YouTube and Apple (Nasdaq: AAPL). Read Full Post…
China Internet titans should consider stepping down
Web portal Sohu.com (Nasdaq: SOHU) was in the headlines last week as founder and longtime chief executive Charles Zhang discussed a major restructuring for one of China’s oldest Internet companies to ensure its long-term survival. (Chinese article) His disclosure put Sohu alongside most of China’s other major Internet companies in announcing such plans, as each seeks to chart a new course in a rapidly changing environment. Read Full Post…
Tencent cash pile to double with new mega bond plan
In writing my final post of the week, I’ve just come to the realization that all 3 of my daily posts this Friday mention leading Internet firm Tencent (HKEx: 700), which has just announced a massive bond issuing program almost certainly aimed at future M&A. Perhaps it’s not surprising that Tencent’s name is showing up in almost everything related to the Internet in China these days, since the company is quickly becoming the nation’s dominant online company alongside leading e-commerce firm Alibaba and search leader Baidu (Nasdaq: BIDU). Read Full Post…
Just days after reports emerged that China’s top 2 online travel agents were in talks for a potential merger, rivals eLong (Nasdaq: LONG) and venture-backed Tongcheng have announced their own new tie-up that could be prelude to a similar marriage. In an interesting twist, this newest deal looks like it’s being engineered behind the scenes by Tencent (HKEx: 700), China’s leading Internet company that is also a major stakeholder in both eLong and Tongcheng. Such a dynamic would be similar to the bigger deal that emerged earlier this week, which could see leading online search firm Baidu (Nasdaq: BIDU) orchestrate a much larger merger between Ctrip (Nasdaq: CTRP) and Qunar (Nasdaq: QUNR). Read Full Post…
Fast rising search operators Qihoo 360 (NYSE: QIHU) and Sogou may be challenging sector heavyweight Baidu (Nasdaq: BIDU) in terms of market share, but they’re having far more difficulty finding an audience among advertisers that are the sector’s main revenue source. That’s my main conclusion after seeing the latest data for all 3 companies, which show Qihoo and Sogou making steady gains in terms of search traffic but failing to translate those gains into meaningful revenue. Read Full Post…
The booming market for Chinese IPOs in New York got some worrisome signals last week after investors shunned 2 new listing candidates, raising the very real possibility that the current wave of enthusiasm is quickly ebbing. That could mean a new period of stagnation or even a downturn is looming for the sector, which suffered for 2 years before rebounding sharply in the second half of 2013. Read Full Post…
The news has been flying thick and fast these past 2 few for Ctrip (Nasdaq: CTRP), including the latest word that China’s oldest and largest online travel agent could be headed for a merger with fast-rising rival Qunar (Nasdaq: QUNR). I actually predicted this potential merger last fall in the run-up to Qunar’s IPO, even though nothing happened at that time. Now the latest reports are saying such a deal is in late-stage talks as Ctrip prepares to sell a controlling stake of itself to leading search engine Baidu (Nasdaq: BIDU), which also happens to be Qunar’s controlling stakeholder. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 5-8. To view a full article or story, click on the link next to the headline.
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Baidu Near Deal To Control Ctrip (Nasdaq: CTRP), Integrate With Qunar (Chinese article)
Weibo IPO Could Value Company At About $1.66 Bln (English article)
Xunlei Lands $310 Mln In New Funding Led By Xiaomi – Source (English article)
GlaxoSmithKline (London: GSK) Sacks Some China Staff For Malpractice: Source (English article)
Tuniu Files To Raise Up To $120 Mln In New York IPO (Chinese article)
When does having nearly $2 billion in cash start to become a burden? If you’re China’s leading online travel agent Ctrip (Nasdaq: CTRP), the answer is “in the current climate”, where the company has just announced a plan to repurchase up to $600 million in its American Depositary Shares (ADSs). (company announcement) As a longtime company watcher, I can say with confidence that Ctrip shares are currently quite strong and have no need for this kind of repurchase program, which normally comes from companies whose stock is struggling. That leads to my conclusion that Ctrip simply has too much cash and doesn’t know what to do with it, prompting this buyback program. Read Full Post…
It should come as no surprise to anyone that top officials at smartphone sensation Xiaomi are once again busy buzzing on their microblogs, since online hype has become a staple of this fast-growing company. But I was somewhat surprised that co-founder Lei Jun took time out from his usual hype to shoot down rumors of tie-ups with 2 of China’s leading Internet companies, hinting at his own big ambitions to soon take a spot alongside the “Big 3” of Alibaba, Tencent (HKEx: 700) and Baidu (Nasdaq: BIDU). Meantime, ZTE’s (HKEx: 763; Shenzhen: 000063) plans to position its nubia brand of smartphones as a higher end product got a nice boost from China’s first lady Peng Liyuan, who made a point of being seen using one of the models during her husband’s trip to Europe.Read Full Post…
