Baidu, Inc.

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  • Apr. 2, 2013, 1:39 PM

    Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the end of 2012, estimates T.H. Capital. Qihoo (QIHU -1.4%), by contrast, is believed to have grown its share to 13.5% from 10.4% over this time. Nonetheless, the firm thinks Baidu's page views and unique visitors respectively grew 0.9% and 0.6% in Q1, which it thinks could bode well for Q1 revenue. Separately, Sina Tech reports Baidu is working with Qualcomm (QCOM) on a Google Glass-like product called Baidu Eye. (Citi report)

    | Apr. 2, 2013, 1:39 PM | 1 Comment
  • Mar. 28, 2013, 12:28 PM

    Baidu's (BIDU -0.9%) paid click growth fell to 20%-21% Y/Y in Q4 '12 after growing 64% in 2012, estimates Citi's Muzhi Li.  In addition to share losses to Qihu (QIHU) and Sohu's (SOHU) Sogou, Li thinks Alibaba's shopping search growth is taking a toll. He's also concerned Chinese Web user growth will slow, even though penetration is only at 42% - 77% of Chinese non-Web users responding to a survey showed no interest in going online. Baidu's PC search paid clicks and ad prices (CPCs) are respectively expected to rise 12% and 17% in 2013; total 2012 CPC growth is pegged at 21%.

    | Mar. 28, 2013, 12:28 PM | 4 Comments
  • Mar. 12, 2013, 1:23 PM
    A selloff in Shanghai and poor guidance from Perfect World (PWRD -7.9%) lead some Chinese Internet stocks to underperform. YY -7.1%. BIDU -2%. SINA -2.5%. GAME -2.6%. Citi has downgraded Perfect World to Neutral on sales and margin concerns. On the earnings call, management mentioned sales of PWRD's popular Torchlight 2 game are expected to see a Q1 drop. One title the company has high hopes for (Neverwinter) will launch in Q2, while two others (Saint Seiya and Swordsman Online) are expected around mid-year.
    | Mar. 12, 2013, 1:23 PM
  • Mar. 6, 2013, 6:45 AM

    Baidu (BIDU) CEO Robin Li says the company will be open to making acquisitions of companies that makes products for smartphones. The firm seeks growth opportunities outside of search.

    | Mar. 6, 2013, 6:45 AM | 3 Comments
  • Mar. 5, 2013, 8:57 AM
    The Investor Movement Index from TD Ameritrade - measuring clients' market exposure - had the biggest gain in its 3-year history in February, spiking to 5.14. It's the first time above 5 for the IMX since June 2011. Stocks bought on the dips included FB, DDD, INTC, COP, BIDU, and, of course, AAPL. Let us know when clients start bailing out of that one.
    | Mar. 5, 2013, 8:57 AM | 1 Comment
  • Feb. 28, 2013, 2:04 PM
    Baidu's (BIDU +1.6%) mobile traffic is up 11x since early 2010, the company boasts. Of course, that's something of a dual-edged sword, given the challenges Baidu faces in monetizing its 80M mobile search daily users. Baidu adds ~80% of the sites visited via mobile searches are mobile-optimized, and that 9.5% of searches are shopping-related (arguably the easiest category to monetize). Separately, Baidu, which is trying to build up its mobile ecosystem, has launched an English site for developers.
    | Feb. 28, 2013, 2:04 PM | 2 Comments
  • Feb. 27, 2013, 12:22 PM

    No one can accuse Qihoo (QIHU +2.2%) of being modest with its search ambitions. President Qi Xiangdong says his company aims to grab Chinese search share at a 10% annual clip, leading to a 40% share in 2015. Qi also takes a subtle shot at market leader Baidu (BIDU +0.1%) by promising Qihoo will guarantee the authenticity of search results - Baidu has been criticized for failing to segregate search ads from query results.

    | Feb. 27, 2013, 12:22 PM | 1 Comment
  • Feb. 20, 2013, 11:30 AM
    Baidu (BIDU -1.7%) adds to yesterday's losses after CLSA becomes the latest firm to turn bearish, issuing a two-notch downgrade to Underperform. The firm is worried about Alibaba's search engine, slowing earnings growth, and growing investments as Baidu tries to address the mobile shift.
    | Feb. 20, 2013, 11:30 AM
  • Feb. 19, 2013, 11:33 AM

    Baidu (BIDU -2.3%) slides to $92 following news of Alibaba's search engine and a couple of critical sell-side notes. Goldman has removed Baidu from its Sustain China list, and is once more raising concerns about mobile's impact on ad sales (previous). Citi is also worried about mobile - the firm estimates mobile search ad click-through rates are 1/10 of PC levels - and is refuting fresh reports of Baidu acquiring a controlling stake in top Chinese mobile browser maker UCweb (previous).

    | Feb. 19, 2013, 11:33 AM | 1 Comment
  • Feb. 18, 2013, 9:16 PM
    Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO, has launched a search engine that encompasses Web, image, news, and (AMAP-powered) map queries. Unlike QIHU, which has grabbed ~10% of the Chinese market since August, Alibaba doesn't have a popular browser to drive traffic, but it does have several popular shopping sites and the eTao shopping engine. The launch comes as top rival 360buy closes a $700M funding round at a reported $7.25B valuation, a possible stepping stone to an IPO.
    | Feb. 18, 2013, 9:16 PM | 5 Comments
  • Feb. 5, 2013, 1:00 PM
    Midday top 10 gainers: OPXA +189%. CEP +31%. SCKT +23%. PLX +18%. CPSS +18%. VMED +17%. TRT +17%. STV +16%. BCOM +15%. CNR +15%.
    Midday top 10 losers: DCIX -13%. IEC -13%. PRPH -11%. BIDU -11%. ACI -11%. PGRX -10%. JAXB -10%. DFZ -10%. RTEC -9%. SGMS -9%.
    | Feb. 5, 2013, 1:00 PM
  • Feb. 5, 2013, 10:28 AM
    Raymond James and Stifel have downgraded Baidu (BIDU -10.6%) to Hold following its Q4 report (I, II); the former is worried about 2013 margin pressure, mobile, and continued investments. CEO Robin Li mentioned on the earnings call Baidu now has 80M mobile search daily users, while adding the company is working with ad customers to create mobile-optimized sites (only a small % have done so thus far). Barclays asked whether Baidu's revenue/customer drop was due to competition from Qihoo (QIHU +3.2%); Baidu argued a mix shift towards SMBs was responsible.
    | Feb. 5, 2013, 10:28 AM | 1 Comment
  • Feb. 4, 2013, 6:18 PM
    Baidu (BIDU) now -5.2% AH in response to its Q4 report, as investors show their concern over the company's guidance and perhaps also a 3.1% Q/Q drop in revenue per online ad customer (a metric that has been rising for some time). Sina (SINA) -0.6% after falling 5.1% in regular trading. Qihoo (QIHU) -0.6% after rising 1.1% in regular trading.
    | Feb. 4, 2013, 6:18 PM | 1 Comment
  • Feb. 4, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: JNY +5%. EDMC +5%. BRKS +5%. MM +5%. GFF +4%.
    After-hours top losers: PC -10%. IDIX -7%. RTEC -6%. YUM -6%. BIDU -5%.
    | Feb. 4, 2013, 5:47 PM
  • Feb. 4, 2013, 4:56 PM

    More on Baidu: Though guidance isn't great, expectations were low. Online ad customers +4% Q/Q and 31% Y/Y in Q4 to 406K (+5% Q/Q in Q3). Revenue/customer was $2,488, +7.6% Y/Y but -3.1% Q/Q (likely to raise eyebrows). Traffic acquisition costs were 9.6% of revenue, up from 8.6% in Q3 - Baidu attributes this to contextual ads and promotions. Bandwidth costs rose to 5.3% of revenue from 4.3% in Q3. SG&A spending +52% Y/Y, R&D +70% (both higher than revenue growth). BIDU -1.1% AH. CC at 8PM ET (webcast). (PR)

    | Feb. 4, 2013, 4:56 PM
  • Feb. 4, 2013, 4:44 PM
    Baidu (BIDU): Q4 EPS of $1.31 beats by $0.02. Revenue of $1.02B (+41.6% Y/Y) beats by $7M. Expects Q1 revenue of $945.4M-$975.9M vs. $967.1M consensus. Shares -0.8% AH. (PR)
    | Feb. 4, 2013, 4:44 PM
Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website