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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 … )
As a Shanghai resident, it’s been interesting to watch the sudden flurry of changes blowing through the local media industry that has suddenly entered a state of crisis amid plunging advertising sales. The newest change has seen a major restructuring for Shanghai Media Group (SMG), the city’s dominant broadcaster and China’s second largest traditional media company. Just 2 or 3 years ago I would have called SMG China’s second largest media company, but I suspect it has been passed in value over that period by more nimble and fast-growing new media firms like Tencent (HKEx: 700), Baidu (Nasdaq: BIDU) and possibly even Internet stalwart Sina (Nasdaq: SINA). Read Full Post…
New York investors lost another China play last week, when former IT outsourcing high-flyer Camelot Information Systems (NSYE: CIS) formally completed a privatization that will result in the imminent de-listing of its shares on the New York Stock Exchange. (company announcement) Camelot was just the latest in a steady stream of Chinese firms to recently abandon New York, where their shares stagnated for years due to lack of investor interest. New York’s losses could easily become China’s gains, as many Chinese investors might like to buy shares of these locally based companies that are both profitable and have strong growth potential. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 29-31. To view a full article or story, click on the link next to the headline.
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Citic Group Plans HK Listing By Reversing Into Citic Pacific (HKEx: 267) (English article)
Baidu (Nasdaq: BIDU) Defeats US Lawsuit Over Censored Search Results (English article)
Alibaba Listing Underwriters To Get 1 Pct Fee, New Low For Internet IPO (English article)
LDK (NYSE: LDK) Confirms Offshore Restructuring and Interim Financing (PRNewswire)
Camelot Information Systems (NYSE: CIS) Announces Completion of Merger (PRNewswire)
The number 1,000 took on new significance in the blogosphere this past week, with tech titans Lenovo (HKEx: 992), Huawei and Xiaomi in a sudden new rush to chop prices for some of their newest products to under 1,000 yuan. The number translates to roughly $160, and is certainly not a bad price for the relatively high quality smartphones and tablet PCs that are suddenly being sold by the trio at that price and even less.
Meantime, tech executives were also paying tribute on their microblogs to Pat McGovern, the billionaire founder of the IDG media empire that was one of earliest venture capital investors to realize the potential of China’s Internet. McGovern, who died last Wednesday, leaves behind an empire that helped to fund some of China’s most recognizable Internet names, including sector leaders Tencent (HKEx: 700), Baidu (Nasdaq: BIDU), Ctrip (Nasdaq: CTRP) and SouFun (NYSE: SFUN), and many others. Read Full Post…
The growing feud between banks and China’s biggest Internet firms has taken a major new turn, with word that leading lender ICBC (HKEx: 1398) may be preparing to formally sever ties with Alibaba’s Alipay electronic payments platform. The move would be clearly aimed at Alibaba’s wildly popular Yu’ebao service, which lets users put excess funds from their Alipay accounts into a product that functions much like a traditional bank savings account but offers much higher interest rates. Of course the next big question is whether other big banks will follow ICBC’s lead, and I suspect the answer is that many will indeed do so. Read Full Post…
After a 4 year cycle that saw China’s group buying sector first boom and then crash spectacularly, we could finally see an IPO soon from Meituan, which has emerged as the industry’s leader and a true survivor. Media are reporting that Meituan is close to getting $100 million in new funding — an admirable feat in the current climate that has seen investors largely shun the group of former high flyers. That investment would come just weeks after leading Internet firm Tencent (HKEx: 700) purchased 20 percent of Dianping, another strong player that has emerged in the group buying space. (previous post) Read Full Post…
Two of China’s leading Internet companies are taking their first baby steps outside their home market, with word that online game maker NetEase (Nasdaq: NTES) is moving into the US and fast-rising discount e-commerce firm Vipshop (NYSE: VIPS) is tying up with a Russian partner. The pair are joining China’s “big 3” Internet firms, Alibaba, Baidu (Nasdaq: BIDU) and Tencent (HKEx: 700), in making recent moves outside their home market, as each looks for new growth opportunities. All of these companies also want to convince the world that they can compete in the real world outside their own highly protected and heavily restricted home market. Read Full Post…
Where were you this past Saturday night? Most of us probably spent the evening having dinner out, or perhaps visiting friends. But for many of China’s tech executives, the date of March 15 has become for nervousness due to CCTV’s annual investigative reports broadcast that evening for Consumer Rights Day. The program often targets high-profile brands in its effort to uncover abusive business practices, and many of those names come from the tech sector. But this year’s program was a relative disappointment, with some observers cynically noting on their microblogs that CCTV seemed more interested in generating advertising revenue than protecting consumers. Read Full Post…
A yearlong explosion in new financial services from non-financial companies took a pause last week, when the central bank put the brakes on a plan by Internet giants Alibaba and Tencent (HKEx: 700) to offer virtual credit cards in partnership with Citic Bank (HKEx: 998). The sudden rush into financial services by private firms has provided some much-needed competition for China’s stodgy traditional lenders, most of which are state-run banks noteworthy for their lack of innovation. Read Full Post…
Word that Twitter (NYSE: TWTR) CEO Dick Costolo is making a trip to China just 4 months after his company’s IPO will almost certainly set to world tweeting about whether the social networking giant could be considering a play for the world’s largest Internet market. Such a move seems just a tad unlikely in the very near future, since Costolo has previously said that China isn’t a place where Twitter can operate due to the country’s tough self-censorship laws. But much has happened in the last 4 months that could be causing him to re-think his position, including the recent entry to China by corporate networking giant LinkedIn (NYSE: LNKD) and the upcoming $500 million New York IPO for Sina (Nasdaq: SINA) Weibo, often called the Twitter of China. Read Full Post…
I have a lot of respect for Tencent (HKEx: 700), China’s largest Internet company and now one of the world’s most valuable web firms based on the meteoric rise in its stock over the last few years. But that said, I’m starting to have some concerns about the company’s future due to its sudden move into many unfamiliar areas, including the latest which reportedly has it looking to buy a cellphone maker. In a somewhat ironic twist, Tencent’s cellular foray would come just a couple of months after Google (Nasdaq: GOOG), the world’s largest Internet company, admitted failure with its own cellphone adventure by selling its Motorola Mobility unit at a major loss.
