Recent gains in online search by Qihoo 360 (NYSE: QIHU) and Sohu’s (Nasdaq: SOHU) Sogou are in the headlines today, highlighting the challenges industry leader Baidu (Nasdaq: BIDU) is facing from a new rival that is quickly gaining momentum and an older rival that also appears to be gaining some traction. At the center of the story is new data for October showing that Qihoo controlled nearly 10 percent of the China search market, just 3 months after the company launched an innovative new search engine. (previous post) Meantime, Sohu’s Sogou search engine, launched nearly a decade ago, also posted a respectable 7.5 percent share, as it reported its search revenue more than doubled in its latest reporting quarter.
Tag Archives: Baidu
Baidu’s Video Buy-Out: Xunlei Tie-Up Ahead? 百度收购私募所持爱奇艺股份 为战略入股迅雷前奏？
Fresh on the release of disappointing quarterly results, online search giant Baidu (Nasdaq: BIDU) is providing yet another news bit that looks like a disappointment on the surface but could be paving the way for an interesting new tie-up in the fast-growing online video space. Company watchers will know I’m talking about Baidu’s latest aborted partnership outside its core search business, with word that the company is buying out Providence Equity Partners from their online video partnership called iQiyi (company announcement; Chinese article).
News Digest: November 3 报摘： 2012年11月3日
The following press releases and media reports about Chinese companies were carried on November 3-5. To view a full article or story, click on the link next to the headline.
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- Baidu (Nasdaq: BIDU) Acquires Providence Equity Partners’ Stake in iQiyi (PRNewswire)
- Nestle (Switzerland: NESN): Pfizer (NYSE: PFE) Baby Food Deal Cleared By China (English article)
- AutoTrader Buys 22 Pct of Chinese Car Site Bitauto (NYSE: BITA) For $58.5 Mln (English article)
- LeTV (Shenzhen: 300104) Sues Youku Tudou (NYSE: YOKU) for IPR Infringement (English article)
- ZTE (HKEx: 763) Sees Over 40 Percent Rise In 2013 Smartphone Shipments (English article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
News Digest: October 31 报摘： 2012年10月31日
The following press releases and media reports about Chinese companies were carried on October 31. To view a full article or story, click on the link next to the headline.
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- China’s Big Banks Set For Slowest Annual Profit Growth Since Going Public (English article)
- Air China (HKEx: 753), GA Telesis in Aircraft Leasing, Spare Parts JV (Businesswire)
- ICBC (HKEx: 1398) Announces Q3 Results (HKEx announcement)
- Dangdang (NYSE: DANG) Opens Store on TMall (Chinese article)
- Baidu’s (Nasdaq: BIDU) Qunar Aims for US IPO By Year End (Chinese article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Online: Jingdong, Baidu, Dangdang 京东进军电子支付 百度营收放缓
A number of interesting tidbits are sifting through the online world today, including news from the e-commerce space that Jingdong Mall is entering the electronic payments space and that Dangdang (NYSE: DANG) has replaced its CFO. Meantime, online search leader Baidu (Nasdaq: BIDU) has reported its latest results that show its growth continues to slow, with the rapid rate of the slowdown slightly alarming.
News Digest: October 30 报摘： 2012年10月30日
The following press releases and media reports about Chinese companies were carried on October 30. To view a full article or story, click on the link next to the headline.
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- Hawker to Be Taken Over By Creditors After Sale to China Buyer Collapses (English article)
- Jingdong Mall Acquires Chinabank Payments (English article)
- China Telecom (HKEx: 728) Announces Q3 Results (HKEx announcement)
- Baidu (Nasdaq: BIDU) Announces Third Quarter 2012 Results (PRNewswire)
- Honda (Tokyo: 7267) Cuts Forecasts, Hopes for China Recovery in February (English article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Xunlei: Preparing For New IPO Try? 迅雷：准备尝试新的上市？
The year 2012 will easily go down as the worst for New York IPOs by Chinese firms since the global financial crisis, though there’s still some hope we could see one or 2 offerings in the next couple of months by cash-starved Chinese firms. A social media website named YY surprised many when it made a preliminary New York IPO filing earlier this month (previous post), and now video and music sharing site Xunlei is also emitting signals that indicate a filing could be near for its own stalled public offering.
News Digest: October 26 报摘： 2012年10月26日
The following press releases and media reports about Chinese companies were carried on October 26. To view a full article or story, click on the link next to the headline.
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- Bank of China (HKEx: 3988) Announces Q3 Results (HKEx announcement)
- China Telecom (HKEx: 728) Wins Online Video, IPTV Transmission Licenses (English article)
- Unicom (HKEx: 762) Removes Some Cisco (Nasdaq: CSCO) Gear Over Security Concerns (Chinese article)
- CITIC Securities (HKEx: 6030) Says to Buy Remainder of CLSA (English article)
- Xunlei CEO Says Reports of Bids for Company By Baidu, Qihoo Are Media Guesses (Chinese article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
News Digest: October 18 报摘： 2012年10月18日
The following press releases and media reports about Chinese companies were carried on October 18. To view a full article or story, click on the link next to the headline.
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- White House Review Finds No Evidence of Spying By Huawei – Sources (English article)
- ZTE (HKEx: 763) Executives to Take 50 Pct Pay Cut (English article)
- Suning.com (Shenzhen: 002024) in Final Talks to Buy Masa Maso – Source (English article)
- Baidu (Nasdaq: BIDU) Establishes Location Based Services (LBS) Division (English article)
- Xiaomi Testing TV Set-Top Box – Sources (Chinese article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Baidu Turns Up Anti-Piarcy Tune 百度展开反盗版行动
Internet search leader Baidu (Nasdaq: BIDU) made plenty of noise last year when it announced a series of landmark licensing agreements with major Hollywood music labels, trumpeting the move as part of its drive to wean itself from the trading of pirated material on its platforms. But while it tooted its horn over the deals with Universal, Warner Music (NYSE: WMG) and Sony Music (previous post), it also quietly continued to operate its controversial music swapping platform that was the source of much of the earlier criticism. Now in an interesting move, Baidu is being much more low-keye in what looks like its attempt to quietly de-emphasize and perhaps eventually phase out the controversial music swapping service.
VIP Shop Soars Past Dangdang 唯品会市值超当当网
After an IPO earlier this year that was a major flop, discount e-commerce company Vipshop‘s (NYSE: VIPS) have quietly jumped in the last few months despite many obstacle it has faced this year. This otherwise low-key company, which has been out of the headlines since its disastrous IPO in March, caught my attention after I read a report saying its market cap has passed that of Dangdang (NYSE: DANG), previously China’s largest publicly listed e-commerce firm. (Chinese article)
