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Baidu, Inc. (BIDU)

  • Jul. 23, 2012, 4:42 PM
    More on Baidu's Q2: 352K online ad customers, +9.7% Q/Q and +18.1% Y/Y. Revenue/customer was $2,440, +16.5% Q/Q and +34.8% Y/Y. Traffic acquisition costs were 8.3% of revenue, up from 7.8% in Q1 and 7.9% in year-ago period. SG&A expenses +55.6% Y/Y, R&D expenses +82.7%. BIDU +5.5% AH. Up in sympathy: SINA +2.8%. SOHU +2.5%. YOKU +1.7%. (PR)
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  • Jul. 23, 2012, 4:05 PM
    Baidu (BIDU): Q2 EPS of $1.26 beats by $0.14. Revenue of $858.8M (+59.8% Y/Y) beats by $8M. Expects Q3 revenue of $983M-$1.01B vs. $988M consensus. Shares +6.6% AH. (PR)
  • Jul. 23, 2012, 12:10 AM
    Notable earnings after Monday’s close: BIDU, CE, CLGX, FNF, HLX, HMA, STLD, STM, TXN, VMW, WIT
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  • Jul. 22, 2012, 5:35 PM
    Notable earnings after Monday’s close: BIDU, CE, CLGX, FNF, HLX, HMA, STLD, STM, TXN, VMW, WIT
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  • Jul. 17, 2012, 10:44 AM
    Chinese Internet stocks, many of whom fell yesterday on worries about the Middle Kingdom's growth outlook, are falling harder today. BIDU -4.9%. SINA -7.9%. YOKU -9.1%. TUDO -9%. SOHU -5.4%. RENN -5.8%.
  • Jul. 13, 2012, 6:45 PM
    Baidu (BIDU) is forming a Chinese mobile content distribution JV with NTT DoCoMo (DCM). DoCoMo is investing $22.5M to obtain a 20% stake in the JV, whose first offerings will be games and related services from Japanese developer DeNA. A JV between Baidu and Japan's Rakuten recently unraveled, and the company's international moves generally haven't gone well. But the DoCoMo tie-up does play into Baidu's efforts to build a strong mobile developer ecosystem.
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  • Jul. 12, 2012, 6:56 PM
    Though analysts are fretting over Baidu's (BIDU) mobile position, Pando Daily's Hamish McKenzie sees potential in the company's efforts to build an arsenal of mobile cloud services. Much like Baidu's Box Computing platform, the services, which include storage and app re-formatting, aim to build a major developer ecosystem that ends up funneling traffic to Baidu's search engine. (also)
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  • Jul. 5, 2012, 6:04 PM (SOHU) is buying back a 10.88% stake in its Sogou search engine from Chinese e-commerce giant Alibaba (ALBCF.PK) for $25.8M. Sogou saw its Q1 revenue jump 184% Y/Y, and has been gaining share in the Chinese search market. It might not be a coincidence the Sohu-Alibaba partnership is ending shortly after an e-commerce partnership between Baidu (BIDU) and Japan's Rakuten unraveled.
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  • Jun. 21, 2012, 4:12 PM
    Oppenheimer's Andy Yeung joins Goldman in airing concerns about the impact of mobile search on Baidu's (BIDU -3.7%) ad sales. Yeung believes Baidu has a 34% share of mobile search (the company claims 50%), well below its 80% share of PC search, and thinks it needs partnerships with browser maker UCWeb (previous) and other app developers to improve its position. Baidu's own mobile software efforts have seen mixed results, Yeung observes.
  • Jun. 19, 2012, 1:48 PM
    Baidu (BIDU -0.5%) underperforms after Goldman lowers its PT to $135 from $160, while reiterating a Neutral. In a refrain Google, Facebook, and Pandora investors know too well, Goldman is worried about the impact of smartphone/tablet use on Baidu's ad monetization, and is also concerned about the cost of its cloud services investments. The firm notes mobile now makes up 20% of search traffic, and is expected to surpass PC traffic by 2015. (previous)
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  • Jun. 18, 2012, 7:54 AM
    Baidu (BIDU) is in formal talks with UCWeb about buying a stake in the mobile browser firm, according to a WSJ report that backs up chatter that kicked up last week. Speculation has the price tag for UCWeb in the one billion dollar range.
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  • Jun. 15, 2012, 5:27 PM
    Baidu (BIDU) is looking to acquire top Chinese mobile browser UCWeb ... at least according to a badly-translated Chinese article UCWeb itself is promoting. In theory, buying UCWeb, which believed to account for ~1/3 of all Chinese mobile browser pageviews, would make sense for Baidu, given it could boost the company's mobile search and software ambitions. But the nature of this "rumor" makes a heavy dose of salt mandatory.
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  • Jun. 14, 2012, 1:44 PM
    Baidu's (BIDU) iOS search deal will result in the company making revenue-sharing payments to Apple (AAPL), though Baidu adds the terms are similar to its deals with Android OEMs. The company has tried to lower these payments and promote its mobile services by developing its own Android-based OS, but uptake has been limited thus far. Management recently told Nomura Baidu has a 50% share of Chinese mobile search, as measured by traffic sent to other sites. (also)
  • Jun. 12, 2012, 9:49 AM
    Overlooked in Apple's (AAPL) long list of Mac and iOS announcements yesterday was the company's release of several iOS features aimed specifically at Chinese users. The features include not only the expected addition of Baidu (BIDU) search, but also the integration of Sina's (SINA) Weibo and merging video sites Youku (YOKU) and Tudou (TUDO), as well as Chinese-language support for Siri. Apple's China sales soared 3x Y/Y in the March quarter to $7.9B, and made up 20% of its sales.
  • Jun. 11, 2012, 11:26 AM
    Chinese travel bookings site (CTRP -7.2%) dives on a downgrade to Hold from Mirae, which thinks a decision by rival Qunar (majority-owned by BIDU) to sell hotel room inventory held by wholesalers online could pose a threat to Ctrip's business. Mirae adds weakening economic conditions are driving wholesalers to sell more of their inventory online, and that Ctrip will struggle to cope.
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  • Jun. 7, 2012, 3:57 PM
    The long-rumored deal to have Apple add Baidu (BIDU) as a search option for iPhones could be announced next week, reports Bloomberg, citing sources. Baidu handles about 80% of Chinese Internet searches and the move should fit with Tim Cook's hope to grab a bigger share of the world's largest mobile market.
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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