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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 … )
Internet leaders Baidu (Nasdaq: BIDU) and Alibaba are in a recent war to see who can win the most headlines for online M&A, which has suddenly accelerated in China after years of inactivity. In the last 24 hours alone, media are reporting that Alibaba has finalized a deal to team with Hunan Satellite Television to purchase PPTV, one of China’s top video sharing sites. Not to be outdone, Baidu was reported earlier this week to be in late-stage talks to buy group buying site Nuomi (previous post), and has just announced the finalization of its previously announced $1.9 billion plan to buy online app store 91Wireless. (company announcement) Read Full Post…
After a wait of more than 2 years, Sina’s (Nasdaq: SINA) hugely popular Weibo microblogging platform is finally realizing some of its potential, raising the possibility we could finally see an IPO for the Twitter-like service in the next year. People started buzzing about a Weibo IPO as early as late 2010, when the service first began its meteoric rise after Beijing blocked the original Twitter in 2009. But then investors quickly cooled to the idea of an IPO, as it became apparent that Sina Weibo might take a long time to become profitable and a separate series of accounting scandals rocked the broader sector of US-listed Chinese stocks.Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 15. To view a full article or story, click on the link next to the headline.
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Barely a month goes by these days without rumor of a new acquisition target for Baidu (Nasdaq: BIDU), which suddenly seems anxious to buy up major assets in its bid to diversify beyond its core search business. The latest rumors say Baidu is close to a deal to purchase Nuomi, the group buying unit of social networking leader Renren (NYSE: RENN). As one of China’s most profitable Internet companies, Baidu is hoping to take advantage of low valuations of Chinese Internet firms, many of which are running low on cash and have had trouble attracting interest from foreign investors. Baidu, by comparison, has plenty of resources to make such purchases, including $2.5 billion in cash from 2 recent major bond sales. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 14. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) In Talks To Acquire Nuomi, Ding Ding Map (English article)
UPS (NYSE: UPS) Expands Logistics Reach To Meet Emerging Demand in China (Businesswire)
Local media have been buzzing this week with word of a new alliance between the unlikely partners of Ctrip (Nasdaq: CTRP) and Qunar, 2 of China’s top online travel sites. The new alliance is actually rather modest, but is more surprising because the pair of companies are bitter rivals whose battle for market share has resulted in a recent series of price wars that have hit Ctrip’s earnings and threatened its market leading position. The companies have also said they will explore future cooperation, leading to the question of whether an outright merger might be in the future. Read Full Post…
When is the merger of search sites operated by 2 major media and a top telco not a very big news story? The answer: When all 3 of those companies are big state-run behemoths that have a poor track record for innovation in the fast-moving Internet world. That’s my personal assessment on reading news that Panguso and Jike, the respective online search sites of the Xinhua news agency and People’s Daily newspaper, have merged their operations to form a new company. (English article) In addition to its Xinhua backing, Panguso counts dominant mobile carrier China Mobile (HKEx: 941; NYSE: CHL) as its other major stakeholder. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 1. To view a full article or story, click on the link next to the headline.
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I should have a bit more confidence in my predictions, following word that leading Internet firm Tencent (HKEx: 700) has become a major shareholder in top global electronic game designer Activision Blizzard (Nasdaq: ATVI) as part of a deal to buy out the company from its parent. I had predicted last year that Tencent could buy Activision outright, after France’s Vivendi (Paris: VIV) put the US gaming company up for sale to raise cash and divest non-core assets. But then when more than a year passed without any word of a deal, I concluded that Tencent was either unable to raise the financing for a transaction, or perhaps had lost interest. Read Full Post…
Stability has become the buzzword of the moment for Chinese tech firms, which appears to be the driving factor behind the positive receptions for what otherwise look like so-so results from online search leader Baidu (Nasdaq: BIDU) and telecoms equipment giant Huawei. In Baidu’s case, the company has been hit by slowing revenue growth and evaporating profits in the last few quarters caused by growing competition and a sharp slowdown in ad spending. Huawei, meantime, is fighting a sluggish global economy and also growing resistance in the US and Europe to its core networking equipment. Read Full Post…
A new announcement by online gaming and mobile app store operator NetDragon (HKEx: 777) is raising the possibility of further talks with leading search firm Baidu (Nasdaq: BIDU), just a week after the pair agreed to a major asset sale. This new announcement is headlined with a recent share buyback by NetDragon, whose stock plummeted 20 percent last week after it announced it would sell its controlling 57 percent stake in app store 91Wireless to Baidu for $1.1 billion. (previous post) But a closer reading of the announcement seems to contain some other implications, including closer tie-ups with Baidu and even a potential renegotiation of the 99Wireless deal. Read Full Post…
