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Baidu, Inc. (BIDU)

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  • Oct. 1, 2012, 11:11 AM
    Baidu (BIDU -3.1%) slides after receiving a downgrade to Hold from Jefferies' Cynthia Meng. Like many other analysts, Meng is worried about Qihoo's (QIHU -1.1%) search engine: she thinks Baidu's Q3 results will be at the low end of its guidance range, and that its numbers for Q4 and later could miss Street estimates. Meng also expects Baidu's traffic acquisition costs to rise as a % of sales. Baidu has already significantly underperformed the NASDAQ since Qihoo's search engine launched.  (more)
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  • Sep. 26, 2012, 5:44 PM
    Qihoo's (QIHU) share of Chinese search is now holding steady around 10%, says ThinkEquity, but the firm thinks additional gains at Baidu's (BIDU) expense are possible. It's lowering estimates for Baidu due to share loss worries, as well as a belief the company is being forced to choose between higher monetization and a better user experience. Baidu, which is still growing at a rapid pace, is now trading at 18x estimated 2013 EPS thanks to Qihoo-related fears. (more on BIDU-QIHU)
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  • Sep. 24, 2012, 6:00 PM
    While Apple deals with its maps issues, Baidu (BIDU) is rolling out a major update for the iOS and Android editions of Baidu Maps. Store/restaurant discounts, better voice navigation, and real-time traffic and public transit data are some of the new features. Baidu was recently estimated to control 17.3% of China's mobile maps market, and appears poised to eclipse Google as the market's #2 player. #1 AutoNavi (AMAP) is expected to provide local data for Apple's maps.
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  • Sep. 21, 2012, 5:17 PM
    Mobile monetization isn't something for just American Web companies to worry about: Jefferies cut its target for Baidu (BIDU -0.1%) today on concerns mobile makes up only a single-digit % of the Chinese search leader's sales, even though it now accounts for 20% of query volume. Baidu is hoping the proliferation of mobile sites for SMEs will improve monetization, but will the e-commerce activity Baidu's ad sales depend on be as strong on those mobile sites? (others concerned: I, II)
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  • Sep. 21, 2012, 11:46 AM
    Google (GOOG) is shutting down a free Chinese online music service due to a lack of interest. The service, launched in '09 and relying on licensed downloads from local music provider Top100.cn, failed to gain traction against a rival service from Baidu (BIDU). Like Google Maps' Chinese share losses, Google's music woes have much to do with the company's decision to abandon Google.cn rather than censor search results.
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  • Sep. 18, 2012, 4:10 PM
    Qihoo (QIHU) has taken 5%-10% of the Chinese search market since entering last month, estimates Deutsche after surveying referral traffic at Chinese sites. The gains have mostly come at the expense of Baidu (BIDU), whose share is believed to have fallen to 75%-80% from a prior 80%-85%. Deutshce naturally attributes Qihoo's gains to its ability to get browser users to try out its search engine. (Citi) (more on BIDU-QIHU)
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  • Sep. 17, 2012, 6:53 PM
    A Chinese government report claims 54% of the country's mobile Web users have installed startup UCWeb's browser; at least a third use one of Tencent's (TCEHY.PK) browsers; and 47% use their phone's default browser (clearly a lot of users have multiple browsers). The stats demonstrate the value to Baidu (BIDU), which just released its own browser, in acquiring UCWeb, as the company is reportedly interested in doing so, for the sake of strengthening its mobile search hand.
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  • Sep. 13, 2012, 11:10 AM
    Acer (ASIYF.PK) and Alibaba (ALBCF.PK) just cancelled a smartphone launch featuring the latter's Aliyun OS, and Alibaba is blaming Google (GOOG). Alibaba, whose OS is Linux-based but can run Android apps, claims Google threatened to "terminate Android cooperation" with Acer if it went ahead with the launch. Though Android is technically open-source, Google wields tight control over what its partners can do with the OS. Baidu and Huawei are two other Chinese firms with mobile OS ambitions.
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  • Sep. 12, 2012, 10:30 AM
    In addition to Sohu, Citi is also giving a lift to Youku Tudou (YOKU +4.1%) by launchng coverage with a Buy. Qihoo (QIHU +1.5%), meanwhile, is benefiting from Citi's reiteration of a Buy, and from positive comments from ThinkEquity: the firm likes the revenue potential of Qihoo's ad deal with Google, and predicts Qihoo will continue taking search share from Baidu (BIDU).
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  • Sep. 11, 2012, 11:04 AM
    Qihoo (QIHU +4.8%) rises after CEO Zhou Hongyi claims his company's search engine will make use of Google's (GOOG) ad system (presumably AdSense), and will launch an "open platform" for developers to provide better category-specific results. The latter sounds like a rival to Baidu's (BIDU) popular Box Computing platform. Baidu shares have been pressured by Qihu's arrival on the Chinese search scene. The Google news shows how the company remains a key player in China's online ad market in spite of its search exit.
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  • Sep. 3, 2012, 3:00 AM
    Baidu (BIDU) intends to invest over 10B yuan ($1.6B) in building a cloud-computing center as part its mobile strategy. The Chinese company has also unveiled a new mobile Internet browser for Android that will help it drive more traffic through its own search engine.
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  • Aug. 31, 2012, 6:31 PM
    "It’s a hoodlum [Qihoo] versus a monopoly [Baidu], so who should we help? Participating in this war is really [expletive] stupid.," says the CTO of Sohu (SOHU), whose Sogou search engine is China's second-biggest. The remarks are particularly notable given Sohu's CEO had earlier remarked Sogou "has to take part in this search war." Qihoo nemesis  Citron Research recently argued Qihoo's search engine launch makes Sohu a buyout target.
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  • Aug. 30, 2012, 4:10 PM
    Baidu (BIDU -1%) has responded to the launch of Qihoo's (QIHU -2.4%) search engine by making links for Baidu services turned up by Qihoo search queries re-direct to cached, rather than live, pages. Baidu has fallen sharply on worries Qihoo's search engine will eat into Baidu's share by leveraging the former company's giant base of web browser and portal users. The company estimates 21% of its traffic comes from Qihoo browsers. (also)
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  • Aug. 29, 2012, 2:38 PM
    Baidu (BIDU -5.5%) slumps after Barclays lowers its PT to $153 from $189. Like others, the firm is worried about the impact of Qihoo's (QIHU +2%) new search engine, and predicts the engine will impact Baidu's 2013 Chinese search traffic and revenue shares by 6% and 2%, respectively. Nonetheless, Barclays, which has struck a bullish tone on Baidu since launching coverage last October, thinks the company will remain the dominant player in Chinese search.
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  • Aug. 23, 2012, 12:12 PM
    Baidu (BIDU -4.9%) dives for the second time this week (previous) following a downgrade to Hold from Deutsche. The firm predicts Baidu will lose share to Qihoo's (QIHU -3.4%) new search engine due to the latter's giant web browser user base (272M users, or 51% of China's Internet base, according to Qihoo), and the "reasonably good user experience" of Qihoo's engine. But is that engine making use of Baidu's IP and/or search data?
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  • Aug. 23, 2012, 1:59 AM
    Baidu (BIDU) is consulting with lawyers regarding the workings of Qihoo 360's (QIHU) new search engine, Chinese tech blogs report. It's unknown whether Baidu is seriously thinking of suing Qihoo, or just performing a normal check. Sohu's (SOHU) Sogou unit has suggested there's a 38% match between Qihoo and Baidu's results. Baidu has sold off on worries about the impact of Qihoo's search engine, whereas Qihoo shares (also benefiting from a strong Q2 report) have soared this week.
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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 Baidu.com.