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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 news reports about China companies were carried on July 12. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU), Alibaba (NYSE: BABA) Face Profit Hit From New Search Ad Rules (English article)
AirAsia Eyes HK Kisting as It Expands in North Asia (English article)
Google (Nasdaq: GOOG) Opens Experience Center in Shenzhen, China Homecoming Signal? (Chinese article)
China Has Too Many Mediocre Electric Carmakers, Researcher Says (English article)
Canadian Solar (Nasdaq: CSIQ) Secures 6.2 Bln Yen Green Solar Financing in Japan (PRNewswire)
The following press releases and news reports about China companies were carried on July 5. To view a full article or story, click on the link next to the headline.
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CICC (HKEx: 3908), China Investment Securities Said to Be in Merger Talks (English article)
Midea (Shenzhen: 000333) Buys Stake in Germany’s Kuka (Frankfurt: KU2) for $1.3 Bln (English article)
Fosun (HKEx: 656), Ant Financial in Strategic Partnership (Chinese article)
Kingsoft (HKEx: 3888) Makes $125 Mln H1 Provision for Losses at Xunlei, 21Vianet (HKEx announcement)
Baidu (Nasdaq: BIDU) Completes Literature Unit Sale to Perfect World, No Price Given (Chinese article)
Bottom line: A rumored Chinese purchase of 80 percent of AC Milan, together with a new Chinese soccer buy in Australia and NBA purchase in the US, show a recent Chinese buying spree of western sports teams continues to gain momentum.
China in 3 new foreign sports team investments
China’s roll into western sports teams continues, led by word that a Chinese group including Baidu’s (Nasdaq: BIDU) chief Robin Li is on the cusp of a deal to buy 80 percent of soccer club AC Milan for 750 million euros. But that group isn’t the only one making soccer headlines, as a Shenzhen businessman has also reportedly bought Australia’s Newcastle United Jets club. And my prediction that someone in China would make a bid for an NBA club in the US is also in the news, with word that a businessman from southern Fujian province has purchased a small stake in the Minnesota Timberwolves. Read Full Post…
The following press releases and news reports about China companies were carried on July 2-4. To view a full article or story, click on the link next to the headline.
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Chinese Group in Final Talks to Buy 80 Pct of AC Milan Soccer Club for 750 Mln Euros (Chinese article)
Qualcomm (Nasdaq: QCOM) Files Second Round of Patent Lawsuits Against Meizu (Chinese article)
Alibaba (NYSE: BABA) to Buy App Store Wandoujia for $200 Mln – Report (Chinese article)
Bottom line: Baidu will suffer more damage to its revenue and profits after new actions by China’s Cyberspace Administration, creating a potential opportunity for Bing or even Yahoo in China’s lucrative search market.
Baidu’s search woes offer opportunity for Bing, Yahoo
The woes for Internet search giant Baidu (Nasdaq: BIDU) continue, with word that China’s Internet censor is ordering the already hobbled company to cleanse itself of inappropriate sites in its search results. But whereas previous crackdowns have focused on politically sensitive content, this latest crackdown focuses on sites of companies that may be engaged in fraud or making inflated or bogus claims. The entire situation looks set to make a major dent in Baidu’s growth story, and could even see the company’s revenue shrink as it finds a new equilibrium.Read Full Post…
The following press releases and news reports about China companies were carried on June 28. To view a full article or story, click on the link next to the headline.
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Autohome (NYSE: ATHM) Shareholding Settles, With Ping An as New Chairman (Chinese article)
A Slice of Qihoo’s (NYSE: QIHU) $9.3 Bln Buyout for Sale on China Streets (English article)
Bottom line: Qunar looks like the latest Chinese buyout candidate to become involved in a contested bidding war, while Autohome is unlikely to succeed in efforts to stop the sale of a stake in the company by its largest shareholder.
Qunar gets surprise buyout offer
A flurry of headlines from the wave of privatizations by US-listed Chinese companies are in the news as the week winds down, led by word that online travel site Qunar (Nasdaq: QUNR) has become the latest to get a buyout offer. Qunar wasn’t the only one lining up to leave New York, as game specialist Sky-mobi (Nasdaq: MOBI) also announced its own plan to go private. Meantime, a hotly contested privatization by online car specialist Autohome (NYSE: ATHM) has taken a few new twists, and wind power equipment maker Ming Yang (NYSE: MY) says it has just completed its own previously announced privatization. Read Full Post…
Bottom line: Baidu’s new move into economic indexes looks like a smart use of big data but is also risky due to potential interference from Beijing, and stands a 30-40 percent chance of becoming a significant revenue source.
Baidu gets into index business
When it comes to economic indexes in China, Beijing holds a strong lock over the market due to its unique ability to collect the necessary data needed to compile broad national snapshots. But there’s also a political element to the story due to the sensitivity of economic growth and issues like unemployment. That makes leading search engine Baidu’s (Nasdaq: BIDU) decision to enter the business look both savvy and also slightly risky. But if Beijing doesn’t interfere, the plan looks like a potential new revenue source that would also raise Baidu’s profile by taking advantage of its mountains of big data. Read Full Post…
Bottom line: Lenovo’s investment in the smart car business looks like a necessary step for an important new growth area, but its choice of LeEco as partner looks more dubious.
Lenovo invests in LeEco’s car business
I’ve been quite bearish on stumbling PC giant Lenovo (HKEx: 992) these days, but at least I have to commend the company for trying something new to jump-start its fading fortunes. That’s my initial assessment, on reading reports that Lenovo has invested in the smart car business of online video superstar LeEco (Shenzhen: 300104), formerly known as LeTV. But that said, even if the reports are true, Lenovo seems to be coming to the smart car story slightly late, and I also have serious doubts about the suitability of LeEco as its choice of partner. Read Full Post…
The following press releases and news reports about China companies were carried on June 23. To view a full article or story, click on the link next to the headline.
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Alibaba (NYSE: BABA) Wins Dismissal of Lawsuit Over Pre-IPO Regulatory Warning (English article)
Baidu (Nasdaq: BIDU) Creates Own Indexes to Paint Picture of China’s Economy (English article)
Fresh Food B2B M-commerce App Meicai Raises $200 Mln Series D Funding (English article)
Tujia Acquires Mayi, Becomes China’s Largest Shared Room Listing Service (Chinese article)
Stock Exchange Queries LeEco (Shenzhen: 300104) on Big Inventory, Accounts Receivable Rises (Chinese article)
Bottom line: JD.com will quietly close Yihaodian after acquiring the online store from Walmart, and Amazon is the most likely next large player to withdraw from China’s e-commerce market in the next few years.
JD.com takes over Walmart’s Yihaodian
In what can only be described as a major surrender, Walmart (NYSE: WMT) is selling its struggling online flagship Yihaodian in exchange for about $1.5 billion worth of shares in JD.com (Nasdaq: JD), China’s second largest e-commerce player. The development isn’t a complete surprise, since Yihaodian has struggled to compete with JD and industry titan Alibaba (NYSE: BABA) since Walmart purchased the company 4 years ago. The withdrawal also shines a spotlight on the very real fact that foreign companies often can’t compete on China’s Internet, and raises the question of whether Amazon (Nasdaq: AMZN) might be the next to abandon the complex market. Read Full Post…
