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Baidu, Inc. (BIDU)

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  • 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)
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  • 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.
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  • Jun. 11, 2012, 11:26 AM
    Chinese travel bookings site Ctrip.com (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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  • Jun. 5, 2012, 12:06 PM
    A JV between Baidu (BIDU) and Japanese e-commerce giant Rakuten (RKUNF.PK) that sought to  challenge Alibaba (ALBCF.PK) and 360buy's Chinese e-commerce dominance has officially ended. Launched in 2010 to high hopes, the JV, called Lekutian, was plagued by payment-collection issues, tough price competition, and Rakuten's struggles to adapt to Chinese consumer preferences.
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  • May 31, 2012, 4:26 PM
    Baidu (BIDU), whose mobile search engine will reportedly be offered as a search option for Chinese iPhones, is also talking to Apple about having its Chinese-language input software pre-installed on the devices, a source tells TechNode. Baidu's input software is said to the 2nd-most-popular in China, behind an offering from Sohu's (SOHU) Sogou unit.
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  • May 25, 2012, 12:34 PM
    In-line with an earlier rumor, Chinese sites are reporting iPhones will sold in China will come with Baidu (BIDU) search support starting next month. No word on whether Baidu will replace Google as the default option - it was previously suggested Baidu wouldn't. Though a dominant player in Chinese PC search, Baidu was recently estimated to have only a 35% share of Chinese mobile search, in spite of support from many local phone vendors.
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  • May 18, 2012, 12:30 PM
    Baidu (BIDU) is reportedly working with 3 partners to produce smartphones that will feature its Baidu Cloud applications suite. It's added the phones will sell for a mere $111-$143, be marketed by local vendor Changhong Electric, and will run on China Unicom's (CHU) network. The report comes shortly after one of Baidu showed off one of its devices, a low-end Android model with a 3.5" display and Baidu search box. Netease (NTES) also has plans to sell low-end Android phones. (also)
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  • May 9, 2012, 2:11 PM
    Google (GOOG) is rolling out a search engine overhaul that provides more semantic information about query subjects within search result pages. The change comes two months after Google promised a revamp that would make its results more in-line with "how humans understand the world." Bing (MSFT) has long promoted its inclusion of semantic info, and so has Baidu (BIDU), via its Box Computing platform.
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  • May 9, 2012, 9:12 AM
    Screenshots emerge of a smartphone that will reportedly be sold by Baidu (BIDU) for 1,000 RMB ($159) or less. Baidu has already developed an Android-based mobile OS, though it's only used right now on a high-end Dell (DELL) device that has seen limited sales. The company's mobile efforts are fueled by an interest in boosting its Chinese mobile search share from a current 35%.
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  • Apr. 25, 2012, 2:17 PM
    In response to Youku.com (YOKU) and Tudou's (TUDO) planned merger, which stands to create a dominant player in the Chinese online video market, Sohu (SOHU), Tencent (TCEHY.PK), and Baidu's (BIDU) Qiyi video site are planning to pool their resources to purchase content, as well as share their video libraries. The news comes 2 days after Youku announced a new deal with CBS.
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  • Apr. 25, 2012, 10:03 AM
    Aided by today's tech rally, Baidu (BIDU -3.5%) has pared the AH losses seen due to its Q1 report and guidance. Barclays (Overweight) thinks Baidu's guidance is conservative, the result of a slow start to April and ad spending being pushed out to 2H. Goldman (Neutral) remains positive long-term, but is worried about near-term competition from vertical search/directory sites, and margin pressure from Baidu's giant R&D investments. (transcript)
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  • Apr. 25, 2012, 9:06 AM
    Premarket gainers: GEOI +21%. KND +17%. CDXS +9%. AAPL +9%. S +8%. TQNT +8%. JNY +6%. DAN +6%. RFMD +6%. GLW +5%. MOS +5%. ARMH +5%. MT +5%. BRCM +5%. NBR +4%. CLWR +4%. ALU +4%. FTNT +4%. STM +4%. POT +4%. HOG +4%. BBVA +4%. TS +3%. NOK +3%. STD +3%. TEF +3%. VMED +3%. IGT +3%.
    Losers: ICON -14%. BIDU -6%. GSK -3%.
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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.