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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 October 25. To view a full article or story, click on the link next to the headline.
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China’s September 2013 Handset Shipments Down 16 Pct From Year Earlier (English article)
Update: After originally posting this item, a Renren spokesman has gotten in touch to deny there are any talks for asset sales to Baidu beyond the original Nuomi sale.
Baidu (Nasdaq: BIDU) is the subject of a new flurry of news bits, including growing ties with social networking leader Renren (NYSE: RENN) and a new financial services initiative, spotlighting the sudden urgency it feels to grow beyond its core search business. The Renren news bits are the most interesting to me, because they highlight the importance of social media to the growth strategies of most major Chinese Internet companies and could also presage an eventual acquisition. The financial services initiative also reflects the sudden rush by Chinese web giants into this area, though Baidu looks a bit late in its arrival to the space. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 23. To view a full article or story, click on the link next to the headline.
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Update: After publishing this originally, a Qunar spokeswoman pointed out that Goldman Sachs was among the investment banks underwriting its IPO. So that changes the tenor of the last part of the post, which says that no premium investment banks were involved in the offering.
A long awaited year-end fund-flurry of fund raising by Chinese tech firms is gaining momentum, with online travel sites Qunar and Ctrip (Nasdaq: CTRP) leading the charge as investor interest finally returns to the market. Qunar has just made the first public filing for its long-delayed IPO, while Ctrip continues to dazzle the markets by raising the size of its recent mega bond offer for the second time, underscoring strong demand from investors. Read Full Post…
I wanted to take a break from the usual companies I write about to look at the quietly rising NQ Mobile (NYSE: NQ), which has just joined a elite club of top Chinese web firms with a new major bond issue. The fact that NQ, formerly known as NetQin, could issue these bonds at all reflects its growing attractiveness to investors as a strong bet on China’s security software market. I can’t comment too much on its products, as I haven’t used them; but the company certainly looks well positioned to gain share in a market now dominated by Qihoo 360 (NYSE: QIHU), whose free security software is becoming the subject of growing controversy. Read Full Post…
I love a good case of irony, which is why I was amused to read that software security specialist Qihoo 360 (NYSE: QIHU) is suing leading search firm Baidu (Nasdaq: BIDU) for unfair competition. The irony lies in the fact that Qihoo is notorious for using underhanded tactics against its rivals and is now accusing Baidu of similar behavior. Perhaps Qihoo should instead be congratulating Baidu for winning over its rival to the Dark Side. Meantime in separate legal news, up-and-coming smartphone maker Xiaomi is being sued for the second time in a week in relation to its smart TV products, hinting that this new product area could face an uphill battle from a flood of litigation. Read Full Post…
I’m always looking for signs that the overseas IPO market for Chinese tech firms may finally be warming after a long winter now in its third year, but the latest signs from privatizing IT outsourcing firm Pactera (Nasdaq: PACT) and restaurant ratings site Dianping are hardly encouraging. Pactera has just announced it has formally signed a buyout offer that will take the company private, making it the latest in a long string of Chinese companies to de-list from New York. Meantime, media are reporting that Dianping, a dynamic site often likened to US site Yelp (NYSE: YELP), doesn’t plan to list for the next 5 years. Read Full Post…
Youku Tudou sues Xiaomi for copyright infringement
Earlier this week I wrote how smart TV could be poised for a sudden explosion in China due to a combination of factors that made the market especially well suited for development of this product. (previous post) Now we’re seeing one of the major obstacles that smart TVs could face, namely copyright lawsuits by various players against one another as each seeks to gain the upper hand in an increasingly competitive market. We could soon be seeing an avalanche of such litigation, with word that leading online video website Youku Tudou (NYSE: YOKU) has just sued Xioami for copyright infringement, following the latter’s recent rollout of a new smart TV product. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 17. To view a full article or story, click on the link next to the headline.
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PetroChina’s (HKEx: 857) Former Indonesia Chief Under Investigation – Sources (English article)
Yahoo (Nasdaq: YHOO) Reduces Planned Stake Sales To Alibaba On Strong Outlook (English article)
Baidu (Nasdaq: BIDU) In Talks To Acquire Ku6 (Nasdaq: KUTV), 56.com – Source (English article)
NQ Mobile (NYSE: NQ) Completes $172.5 Mln Convertible Senior Notes Offer (PRNewswire)
ZTE (HKEx: 763) Wins Highest EPC Share of China Telecom LTE Tender (Businesswire)
China’s smart TV space has gotten a big lift in recent months with a flurry of major new developments, including 2 major new moves this past week by industry veteran LeTV (Shenzhen: 300104). This sudden rush to smart TVs, which deliver most of their content over the Internet, is being driven by a number of factors that make China ideal for development of the market. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 15. To view a full article or story, click on the link next to the headline.
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Vancl In Arrears To Suppliers, Owes Li Ning (HKEx: 2331) More Than 10 Mln Yuan (Chinese article)
Baidu (Nasdaq: BIDU) to Acquire Perfect World Literature Unit – Source (English article)
Huawei Hires Former EU Ambassador to China (English article)
GM-Peugeot Setbacks Set Scene For Dongfeng (HKEx: 489) Deal Push (English article)
After Weeks of Deliberation, China Okays ‘Gravity’ for Theaters (English article)
