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Baidu, Inc. (BIDU)

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  • Nov. 19, 2012, 2:50 PM
    Baidu (BIDU -0.1%) is offering 30GB of free cloud storage to buyers of Lenovo and Huawei Android phones featuring two of Qualcomm's (QCOM) latest Snapdragon processors. The Chinese search giant is hoping its cloud offerings, supported by a $1.6B investment plan, will help it stand out in a very competitive mobile search market. Qualcomm, depending more than ever on emerging markets, has made growing its Chinese baseband chip share a priority.
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  • Nov. 14, 2012, 11:28 AM
    Baidu (BIDU -5.1%) has tumbled to new 52-week lows today, as worries persist about Qihoo's search engine, mobile search share and monetization, and China's growth slowdown - shares have now tread water over the last 2 years, during which time Baidu's multiples have fallen sharply. SA's Efficient Alpha recently observed many of Baidu's multiples and financial metrics now compare favorably with Google's. (yesterday)
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  • Nov. 13, 2012, 11:11 AM
    Baidu (BIDU -3.1%) is closing in on its 52-week low after a Taiwanese paper reports CEO Robin Li is experiencing "a growing sense of crisis" over the company's recent challenges (search competition from Qihoo and a shift in traffic towards mobile devices). Also, a Shanghai paper claims Baidu's recent launch of an Android web browser (crucial to Baidu's efforts to gain mobile search share) hasn't met expectations - might that drive Baidu to acquire market leader UCWeb?
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  • Nov. 7, 2012, 7:11 PM
    In spite of Qihoo's (QIHU) much-discussed arrival on the Chinese search scene, Baidu (BIDU) still had 73% of the market in October, according to research firm CNZZ. Qihoo's share is pegged at 9.6%, Sohu's (SOHU) Sogou at 7.8%, and Google's (GOOG) a mere 4.7%. Qihoo, which may have been partly responsible for Baidu's soft Q4 guidance, has said it's hoping to eventually take 15%-20% of the market. (more)
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  • Nov. 1, 2012, 12:46 PM
    Qihoo (QIHU +5.8%) rallies after CEO Zhou Hongyi tells Chinese media his company hopes to take 15%-20% of China's search market - that's well above the 9.2% share Qihoo, which launched its search engine in August, was estimated to have a month ago. Hongyi adds Qihoo has hired ex-Google employees to work on search, and wants to partner with vertical search providers. He also criticizes Baidu (BIDU), which just offered soft guidance, for caring more about ad monetization than the user experience. (more)
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  • Oct. 31, 2012, 1:42 PM
    More on Citi's two-notch downgrade of Baidu (BIDU -5.7%): analyst Ravi Sarathy thinks Baidu's P/E, which has already compressed plenty this year, will eventually be in-line with Google's, due to the impact of soft mobile search monetization. He also sees Baidu's margins contracting due to ramping expenses, and notes Q3's Y/Y revenue growth rate was the lowest seen by the company since Q1 2010. (more on BIDU) (Q3 transcript)
  • Oct. 31, 2012, 10:22 AM
    Baidu (BIDU -4.1%) falls in response to the Q4 guidance and earnings call commentary accompanying its Q3 beat. The fact Citi is downgrading shares all the way to Sell from Buy also isn't helping - the firm's target has been cut in half to $95. Piper's Gene Munster is taking comfort in better-than-expected customer ads, and argues Qihoo (QIHU +0.6%), the subject of much recent angst, isn't a major long-term threat. Also lower: SINA -1.8%. SOHU -1.4%. RENN -2.6%. (transcript)
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  • Oct. 31, 2012, 9:10 AM
    Premarket gainers: PVH +18%. UBS +14%. ANAD +12%. GNRC +13%. VRNG +8%. TTWO +7%. NOK +6%. DB +5%.
    Losers: WU -17%. NBG -16%. RVBD -11%. WPRT -11%. BIDU -5%.
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  • Oct. 30, 2012, 1:18 PM
    Baidu's (BIDU) mobile search traffic grew 25% Q/Q and 110% Y/Y in Q3, the company disclosed in its earnings call. However, it admitted PC traffic growth is "certainly not as exciting." Much like Google, Baidu sees higher ad prices for PC ads than mobile ads - the company says it's trying to narrow this gap by "enhancing efficiencies," educating ad buyers about mobile, and developing mobile-ready sites. Also, Baidu partly attributed a slowdown in ARPU growth to its signing up of SMEs with less spending power as customers.
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  • Oct. 29, 2012, 4:56 PM
    More on Baidu's Q3: Q4 guidance is for revenue of $979M-$1.01B, below a $1.03B consensus. That should heighten concerns about the impact of mobile activity and Qihoo's (QIHU) search engine, though some of this may be priced in. Online ad customers +11% Q/Q and +28% Y/Y to 390K. Revenue/customer +3% Q/Q and +17% Y/Y to $2,546. Traffic acquisition costs were 8.6% of revenue, up from Q2's 8.3%. R&D expenses grew faster than revenue, SG&A grew slower. CC at 8PM ET (webcast). (PR)
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  • Oct. 29, 2012, 4:35 PM
    Baidu (BIDU): Q3 EPS of $1.39 beats by $0.08. Revenue of $994.6M (+49.7% Y/Y) beats by $2M. (PR)
  • Oct. 29, 2012, 12:10 AM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
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  • Oct. 28, 2012, 5:35 PM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
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  • Oct. 19, 2012, 4:50 PM
    Yandex (YNDX -0.6%) CEO Arkady Volozh claims the Russian search king plans to take on Google (GOOG) in emerging markets where its market share often exceeds 90%. Yandex's first target is Turkey, where it currently has just 1% of the market. As Baidu can vouch, expanding into foreign search markets where a different language is spoken is often easier said than done.
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  • Oct. 9, 2012, 9:57 AM
    Baidu (BIDU -3.8%) falls after receiving yet another downgrade, this time from Credit Suisse. The firm, which now rates Baidu an Underperform, expects estimates to move lower thanks to stronger competition (no doubt from Qihoo), a weaker-than-expected ad market, and mobile monetization challenges. (prior downgrades: I, II)
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  • Oct. 2, 2012, 2:43 PM
    The Street seems to enjoy criticizing Baidu (BIDU -0.9%) these days almost as much as it enjoys praising Apple. A day after Jefferies downgraded Baidu, Raymond James is doing the same, though its rating merely goes to Outperform from Strong Buy. RJ points to Hitwise data that shows Baidu had 58.3% of the Chinese search market as of mid-September, down from the low-to-mid 60s before Qihoo's (QIHU +5%) arrival. Qihoo's share is pegged at 9.2%. (more)
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Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website