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Baidu, Inc. (BIDU)

  • 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.
    | Sep. 11, 2012, 11:04 AM | Comment!
  • 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.
    | Sep. 3, 2012, 3:00 AM | Comment!
  • 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.
    | Aug. 31, 2012, 6:31 PM | Comment!
  • 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)
    | Aug. 30, 2012, 4:10 PM | Comment!
  • 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.
    | Aug. 29, 2012, 2:38 PM | Comment!
  • 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?
    | Aug. 23, 2012, 12:12 PM | 6 Comments
  • 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.
    | Aug. 23, 2012, 1:59 AM | 6 Comments
  • Aug. 21, 2012, 1:07 PM
    Baidu (BIDU -4.9%) is diving on worries Qihoo 360's (QIHU +8.1%) new search engine, questionable links and all, is a potential threat. ThinkEquity recently noted some companies are already seeing more referral traffic from Qihoo's search engine, which is tied to its popular browser, than Sohu's (SOHU) Sogou, the #2 Chinese search engine. S&P's Scott Kessler is defending Baidu in response.
    | Aug. 21, 2012, 1:07 PM | 10 Comments
  • Aug. 20, 2012, 8:22 AM
    Youku (YOKU -0.1%) and Tudou (TUDO) shareholders approve Youku's all-stock acquisition of Tudou in a deal that combines China's two biggest video Web sites and creates a company with over 300M weekly users. The transaction will increase Youku's lead over rivals Baidu (BIDU) and Tencent, and should generate savings of up to $60M/year.
    | Aug. 20, 2012, 8:22 AM | Comment!
  • Aug. 16, 2012, 1:06 PM
    Chinese Internet stocks are rallying, as pleasing earnings reports from Sina and messaging/gaming giant Tencent (TCEHY.PK) more than offset a miss from NetEase. BIDU +2.5%. SOHU +5.5%. GAME +4.9%. YOKU +5.9%. TUDO +5.5%. CYOU +2.1%. Tencent, which received a favorable WSJ write-up ahead of earnings, rose 6.4% in Hong Kong after reporting revenue of $1.65B (+56% Y/Y) and net income of $487M.
    | Aug. 16, 2012, 1:06 PM | 4 Comments
  • Aug. 14, 2012, 2:53 PM
    Google's (GOOG) declining Chinese search share - the result of its decision to abandon rather than censor results - is taking a toll on Google Maps' position in the country. Analysis estimates Google Maps' share of the Chinese mobile map market fell to 17.5% in Q2 from 25.2% in Q4. Baidu Maps (BIDU) is the main beneficiary: its share rose over this time to 17.3% from 11.7%. AutoNavi (AMAP) leads the market with a 25.7% share.
    | Aug. 14, 2012, 2:53 PM | 3 Comments
  • Aug. 6, 2012, 1:22 PM
    Chinese Internet stocks surge in response to pleasing Q2 reports (I, II, III) from Youku (YOKU +7.6%), Sohu (SOHU +17%), and Changyou (CYOU +16.6%). BIDU +4.3%. SINA +9.7%. RENN +11.4%. PWRD +6.7%. TUDO +8%. Baidu's gains are coming in spite of the company's disclosure that 3 employees were arrested for taking bribes to delete message board posts.
    | Aug. 6, 2012, 1:22 PM | 3 Comments
  • Jul. 30, 2012, 1:22 PM
    Chinese Internet giants Baidu (BIDU) and Sina (SINA) are reportedly forming a broad partnership that will cover "search, content, platforms, technology, and resources." Details as to what this means remain scant - Sina has already built Baidu search into its Weibo microblogging platform, and Baidu has added Weibo publishing support for its cloud services and.Box Computing platform Stronger integration of Weibo posts within Baidu's search results is a possibility.
    | Jul. 30, 2012, 1:22 PM | Comment!
  • Jul. 24, 2012, 12:29 PM
    Beaten down on macro and mobile worries, Baidu (BIDU +10%) is rallying strongly after its Q2 report and Q3 guidance made it clear that the Chinese search giant's growth remains quite healthy for now. Barclays (Overweight) sees the report, which featured a major increase in ad revenue/customer, as evidence of the untapped opportunity presented by Chinese SMEs. Multiple analysts note the strength of Baidu's display ad sales to third-party sites. SINA +1.7%. (transcript)
    | Jul. 24, 2012, 12:29 PM | Comment!
  • Jul. 24, 2012, 9:10 AM
    Premarket gainers: SRPT +120%. CPRX +11%. UA +8%. VRNG +7%. BIDU +6%. STEM +5%.
    Losers: DV -29%. ELN -17%. GNTX -6%.
    | Jul. 24, 2012, 9:10 AM | Comment!
  • 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)
    | Jul. 23, 2012, 4:42 PM | Comment!
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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