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.
