Baidu reported its fiscal results for the fourth quarter, posting net sales of $371.3 million, up 94% from a year before. Its net income came in at $1.05 billion, up from $492.86 million the year before.
Baidu, the No. 1 Web search engine in China now needs to focus on maintaining its big lead. While it has benefited from Google's "semi-exit" from China, Baidu is still facing intensifying competition, according to a research note last month by Morgan Stanley analysts. These analysts are concerned by forays into search by the Alibaba Group, the No. 1 Chinese e-commerce firm that's 40% owned by tech icon Yahoo.
Hou Xiaoqiang, CEO of Shanda Literature, a subsidiary of Shanghai-based online entertainment firm Shanda Interactive Entertainment, has alleged that Baidu has raised prices for Shanda Literature-related search keywords by 3,000%, saying "they want us to pay RMB 100 mln." Hou said that the two companies have had numerous discussions the past year or two but to no avail. Shanda sued Baidu earlier in the year in Shanghai.
Baidu posted its fiscal results for the third quarter of 2010, reporting revenues of $337.2 million, up 76.4% from the previous year. Its net income came in at $156.4 million for the quarter.
Baidu, the Chinese internet search engine giant, is expanding into the U.S., and the company's ability to effectively avoid any cultural barriers and manage the U.S. staff will be key in the level of success it finds.
Baidu unveiled a platform that lets users run applications through Baidu's website, a step that could help shape China's fledgling apps-store sector. Users of the new service can run games, videos, electronic books and other applications on Baidu's site.
Baidu announced its fiscal results for the second quarter of 2010, posting net revenues of $282.3 million, a 74.4% increase from Q2 2009. Its net income for the quarter was $123.5 million, a 118.5% increase from the previous year.
In Q1 of 2010, Baidu reported a net revenue of $189.6 billion, a 59.6% increase from the year before, and a net income of $70.4 million, a 165.3% increase from the previous year
Baidu announced that Philip Morris has picked Jennifer Li, chief financial officer of Baidu, to join its board as an independent director
Baidu announced it has signed a deal with Providence Equity Partners in which Providence will invest $50 million in Baidu's new online video company to develop an advertising supported online video business providing premium licensed content in China
Stock markets around the globe fell on anticipation that the FED will raise interest rates for consumers and banks, which places overbought stocks in danger. In China, Baidu is close to being an overbought stock, and thus expects to suffer from this decision.
Baidu reported its Q4 results, announcing a revenue of $184.7 million and a net income of $62.7 million
Japanese online mall operator Rakuten announced its plans to enter a joint venture with Baidu to launch an oline shopping mall for the Chinese people
In its decade of existence, Baidu has become the dominant search engine in China with a market value of $16.2 billion in NASDAQ. Google has continued to lag far behind in China, capturing less than half of Baidu's market share.
Courts in Beijing ruled for Baidu in two cases filed under China's Anti-Monopoly Law
Baidu, the top search engine in China, was unavailable early Tuesday as reports from Internet users filed in of an attack on the site by Iranian hackers.
China continues to be one of the only countries in the world in which Google is not the leading search engine, as Baidu continues to be number one after launching an ad-supported network that will apply more pressure to Google.
Baidu and Evercare Xingfu Cosmetic Hospital have been ordered to pay compensation to Shisanba Cosmetic Surgery for unfait competition, and have been ordered to pay 130,000 yuan ($19.089.57) for their transgressions.
Baidu is preparing to deepen its involvement in the online video arena, with rumors suggesting that Baidu plans to acquire Chinese online video provider Youku for $200 million
Shanda's online reading unit, Shanda Literature, plans to sue Baidu in January for more than 1 million RMB, alleging that its business has suffered due to pirated information shown in Baidu search results
The European-based automation and web design company Baidu has put their domain names, brand names and trademarks up for sale on eBay with a starting bid of $250,000, in order to dispell any confusiong with China's powerhouse search engine
Baidu has added phone card charging and payment functions, which allows customers can charge their Baidu online payment accounts via China Mobile's EasyOwn or China Unicom's One-Card Charge phone balance recharge cards
Baidu announced a launch of two new mobile products: Mobile Baidu and a new Baidu mobile Chinese input method editor (IME), both of which are available for download online. Mobile Baidu offers wireless search functionality while the new IME incorporates a Baidu search field into the IME interface
Baidu's interactive Q&A channel "Baidu Knows" has launched a file sharing program (at wendang.baidu.com) where users can upload and share documents and other files with one another
Baidu announced its results for Q3 2009, including $72.2 million for net income and revenue of $187.3 million
As index futures continue to suggest that the future in China is bright, China stocks continue to do well, including Baidu
Microsoft has begun to promote its search engine Bing, launched in June, in China, which is expected to bring even more competition to Baidu as it competes with Google for control in the China market
China stocks continue to rise, and Baidu is no exception. For the week of October 8, 2009, Baidu increased 10% (or $38), although analysts expect its rise to slow, as the stock is beginning to be overbought
China is quickly transitioning to a robust mobile ecosystem with broadband 3G networks, a future multi-billion dollar market. China's mobile search market has an addressable market of more than 600 million mobile subscribers, and Google is pushing hard to try to overtake Baidu to take over the lead in China
Google and Baidu.com are expected to bring their rivalry to the Chinese mobile search market. Compared to the 338 million local Internet users, more than 600 million Chinese consumers are using cellphones, and are expected to give birth to a mobile search market with revenues of billions of US dollars.
Certain shares of Chinese companies - including Baidu.com - have become overbought and analysts believe correction is near, in the form of increased volatility with stock prices
BIDU's revenue increased 41.1% from a year earlier to $118.6 million and its net income jumped 23.5% from Q1 2008. These gains were largely due to higher online marketing revenue as more customers started using Baidu during the quarter.
BIDU's revenue increased 58% from Q4 2007, but fell 1.9% quarter on quarter. Operating profits were up 72.9% from Q4 2007 as a result of significant growth in Internet users in China.
On October 22, 2008 Baidu.com announced its third fiscal quarter earnings results. The company reported revenues of $135.4 million, an increase of 85% from the same period in 2007. Despite the solid earnings, shares in the U.S. fell upon investors' concern over Baidu's ability to remain profitable in the weakening global economy.
On April 24, 2008 Baidu.com released its first quarter earnings results. The company announced that its profits rose 71.5% from the same period last year. Revenues also increased significantly to $81.9 million for the quarter, a gain of 108.4% from the same period last year. The company cited online marketing revenues as the biggest driver for their gains this quarter.
JP Morgan Chase forecasted BAIDU's 3rd quarter earnings would be lower than expected.
Baidu dominated Google in online advertising earning in the second quarter by controlling a quarter of the $214M spend on advertising.
Second Quarter 2007 Net Income Grows 143% Year-Over-Year for Baidu
Baidu rises after analysts upgrade their ratings on Baidu as confidence in the company increases.
Baidu to set up a special "EMI Music Zone" to stream all of EMI Music's Chinese content. Revenues sharing program initiated for an ad-supported download service.
Baidu announced plans to launch a Japanese language version of the website in a bid to expand beyond China to Japan.