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Baidu, Inc. (BIDU)

  • Jan. 14, 2013, 6:15 PM
    Baidu (BIDU) is partnering with France Telecom (FTE) to offer a mobile browser tailored for African/Middle Eastern users - FTE's Mobinil Egyptian unit is the first to provide the software. The tie-up represents another stab at international expansion for Baidu, one focused on markets where cheap smartphones will likely end up the primary means of accessing the Web for many. But Baidu's past international efforts, such as is partnership with Japan's Rakuten, generally haven't fared well.
    | Jan. 14, 2013, 6:15 PM | Comment!
  • Jan. 10, 2013, 11:39 AM
    Baidu (BIDU +3.5%) is rallying after JPMorgan argues an improving Chinese economy and rising mobile revenue (aided by Baidu's iOS search deal) will give the company a lift. The firm thinks mobile, clearly a major concern for the Street, could make up 10% of sales by year's end. Youku Tudou (YOKU +3.5%), which JPMorgan also sees benefiting from the aforementioned trends, is also up. Alibaba's analytics arm recently estimated Qihoo (QIHU) took more search share from Baidu in December, but at a slower pace.
    | Jan. 10, 2013, 11:39 AM | Comment!
  • Jan. 7, 2013, 9:15 AM
    Baidu (BIDU) -2.4% on a downgrade to Equalweight from Barclays; the firm cites earnings risk, a lack of mobile visibility, and Qihoo's (QIHU) search success. Barclays launched coverage on Baidu with an Outperform in Oct. '11, but slashed its PT last August.
    | Jan. 7, 2013, 9:15 AM | Comment!
  • Dec. 31, 2012, 12:04 PM
    Credit Suisse is becoming even more bearish on Baidu (BIDU +0.9%), lowering its PT to $80 from $82 while reiterating an Underperform. The firm is worried Baidu will use the proceeds from its $1.5B debt offering to embark on a "costly and risky" M&A strategy. It views security software vendor/Qihoo rival Kingsoft, mobile browser developer UCWeb (already the subject of M&A rumors), and even Sina Weibo as possible targets. Qihoo (QIHU +5.3%) is making new 52-week highs today. (October downgrade)
    | Dec. 31, 2012, 12:04 PM | 1 Comment
  • Dec. 28, 2012, 10:24 AM
    The Chinese government has signed off on new Internet censorship rules: posts and pages containing "illegal" info can now be deleted, and service providers have to "instantly stop the transmission" of such content, as well as take "relevant measures." But there isn't a requirement to have all Internet users register their names to gain Web access, as had been proposed. Investors seem relieved: SINA +3.7%. SOHU +2%. RENN +1.5%. BIDU +1%. YOKU +1.1%. Update: Bloomberg claims rules requiring users to identify themselves when signing up for new Internet and phone service have also been passed.
    | Dec. 28, 2012, 10:24 AM | 1 Comment
  • Dec. 26, 2012, 3:57 PM
    'Tis the season for covering profitable tech shorts. A slew of beaten-down tech names, many of them with giant short interests, are joining RIM and Chinese solar stocks in closing higher today, even as the NASDAQ finishes lower. GRPN +3.7% RENN +3.6%. SPWR +6.8%. ZNGA +3%. JIVE +2.5%. BIDU +5%.
    | Dec. 26, 2012, 3:57 PM | Comment!
  • Dec. 26, 2012, 10:25 AM
    Baidu (BIDU) is the latest company to build a Siri clone: the Chinese search giant has developed a voice assistant app it will offer on Google Play. A Baidu product manager says he thinks the cloud-based app's ability to leverage Baidu's giant search database will give it in a edge. Baidu has been busy growing its mobile footprint through a mixture of search investments, cloud services, and an Android-based OS, but monetization remains a challenge.
    | Dec. 26, 2012, 10:25 AM | Comment!
  • Dec. 24, 2012, 12:33 PM
    Sina (SINA -2.1%), Baidu (BIDU -1.8%), Sohu (SOHU -2.3%), Youku (YOKU -2.4%), and Renren (RENN -1.5%) slump following news a People's Congress committee will decide this week on a law requiring Internet users to register their real names to have Web access. Sina was required earlier this year to implement real-name registration for Weibo, but has admitted it isn't yet able to verify the identities of all posters. The state-run People's Daily has been publishing editorials calling for greater Web regulation.
    | Dec. 24, 2012, 12:33 PM | 1 Comment
  • Dec. 21, 2012, 5:07 PM
    Qihoo (QIHU) appears to be on the verge of selling ads for its suddenly-popular search engine, and thereby becoming a rival for search ad dollars that currently go to Baidu (BIDU) and Sohu (SOHU). A Chinese online ad agency notes Qihoo's search ad service will launch on Jan. 1. After entering the market in August, Qihoo has quickly managed to grab a ~10% share of Chinese search traffic. it has also launched complementary music and mapping services.
    | Dec. 21, 2012, 5:07 PM | 1 Comment
  • Dec. 6, 2012, 6:50 PM
    Baidu (BIDU) is partnering with Lenovo, now China's #2 smartphone vendor (per IDC), to offer the LePhone A586, a $158 device running on Baidu's Android-based OS. The A586 sports a 4.5" display and dual-core Qualcomm Snapdragon processor, and supports Baidu's cloud services. It's the kind of product Baidu needs to see more of as it works to improve its mobile search share and ad sales, and is also the kind that has fueled Android's Chinese share gains - the 16GB iPhone 5 sells for over 4x as much unlocked. (other partnerships)
    | Dec. 6, 2012, 6:50 PM | 11 Comments
  • Dec. 4, 2012, 11:25 AM
    Some stats from Mary Meeker's 2012 Internet trends report: 1) China now has 538M Internet users (+10% Y/Y), though penetration is still only at 40%. It also has 270M smartphone subs; penetration (as a % of mobile subs) stands at 24%. 2) Globally, there are 1B smartphone subs, compared with 5B mobile subs. 3) Mobile data now makes up 13% of total Internet traffic. 3) Total mobile app/ad revenue is expected to hit $19B in 2013, up from $15B in 2012. 4) About 1.5B Wi-Fi devices and 2B Bluetooth devices will ship in 2012.
    | Dec. 4, 2012, 11:25 AM | Comment!
  • Dec. 4, 2012, 10:24 AM
    Some marquee Chinese Internet stocks are slumping, potentially on worries about the SEC's suits against the Chinese arms of the Big-4 U.S. accounting firms. Baidu (BIDU -5.1%), Sina (SINA -6.6%), Youku Tudou (YOKU -4.2%), Sohu (SOHU -3%), Perfect World (PWRD -1.2%), and NetEase (NTES -4%) are among the losers. Renren (RENN +2.5%) is higher following yesterday afternoon's Deutsche upgrade.
    | Dec. 4, 2012, 10:24 AM | 2 Comments
  • Dec. 4, 2012, 2:22 AM
    Yesterday's SEC suit against the Chinese units of the Big Four accounting firms could mark the beginning of the end for U.S.-listed China shares, even giants like Sina (SINA) and Baidu (BIDU). The accounting firms face a Catch-22: The U.S. requires them to share information from their audits in foreign countries, while China bars them from doing so.
    | Dec. 4, 2012, 2:22 AM | 4 Comments
  • Nov. 29, 2012, 2:57 PM
    Qihoo (QIHU +5.1%) is posting a decent gain after launching a music search engine to complement its Web search engine, thereby bolstering its efforts to compete with Baidu (BIDU). There's a good chance Qihoo's product will end up displacing the music engine provided by Sohu's (SOHU) Sogou unit for Qihoo's portal. Baidu currently offers China's most popular music engine - it recently drove a rival offering from Google out of the market. (more on Qihoo-Baidu)
    | Nov. 29, 2012, 2:57 PM | Comment!
  • Nov. 21, 2012, 10:08 AM
    Baidu (BIDU) has priced a $1.5B debt offering - one half consists of 2.25% notes due 2017, and the other half 3.5% notes due 2022. Baidu, which had $366M in long-term debt at the end of Q3, says it will use the proceeds to retire existing debt and for "general corporate purposes." One of those purposes might be Baidu's CNY10B ($1.6B) cloud services facility.
    | Nov. 21, 2012, 10:08 AM | Comment!
  • Nov. 20, 2012, 1:16 PM
    Chinese mobile browser developer UCWeb, previously the subject of Baidu (BIDU +1.7%) acquisition rumors, now claims 100M Android users. UCWeb's leading share on what's now easily China's most popular smartphone platform represents a challenge to Baidu's mobile monetization efforts. While UCWeb offers Baidu search as an option, it also supports other search engine and collects traffic-acquisition revenue. (previous) (Baidu mobile browser)
    | Nov. 20, 2012, 1:16 PM | Comment!
Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website