Baidu

  • Chinese Search Engine Baidu’s Q3 Revenue Up 85 Percent To $655M; Profit Up 80 Percent To $295M

    Chinese Search Engine Baidu’s Q3 Revenue Up 85 Percent To $655M; Profit Up 80 Percent To $295M

    Chinese search engine Baidu posted strong earnings today, with total revenue in the third quarter of 2011 coming in at $654.7 million, an 85.1% increase from the same period in 2010. Baidu’s net income was up 80% to $295 million. Diluted earnings for the third quarter of 2011 were $0.84; non-GAAP earnings were for the $0.86. Baidu beat Wall Street expectations; analysts expected a profit… Read More

  • Baidu And Dell Team Up To Take On Tablets, Phones In China

    Baidu And Dell Team Up To Take On Tablets, Phones In China

    Hot on the heels of Baidu’s new mobile OS launch, reports are circulating that the Chinese search giant is partnering with Dell to build tablets and mobile phones. China is a goldmine in terms of potential consumers. With over 900 million mobile subscribers, China is becoming one of the fastest growing tablet markets, as well. As the Google of the Eastern world, Baidu should have no… Read More

  • Baidu Looks To Leapfrog Google With Cloud-Based Mobile OS (Update)

    Baidu Looks To Leapfrog Google With Cloud-Based Mobile OS (Update)

    Chinese search giant Baidu is reportedly developing a cloud-based smartphone platform in attempt to dip its toes into the mobile pool. Mobile internet users in China totaled 233 million in 2010, projected to reach 957 million by 2014. For some perspective, the total population of both the European Union and the United States was approximately 800 million last year. So in China, mobile is less of… Read More

  • Qunar Baidu Deal Closes. How This Could Ripple Through Chinese Startups.

    Qunar Baidu Deal Closes. How This Could Ripple Through Chinese Startups.

    Chinese search giant Baidu’s investment in Qunar officially closed  this week, and the two teams are working on integrating Qunar’s search results into Baidu’s travel vertical now. I caught up with Qunar’s CEO Chenchao Zhuang for his first Western interview about the deal to talk about what the deal means for the company and China’s Web scene broadly. This… Read More

  • Baidu Makes $306 Million Strategic Investment In Chinese Travel Search Engine Qunar

    Baidu Makes $306 Million Strategic Investment In Chinese Travel Search Engine Qunar

    Chinese search engine Baidu has made a $306 million investment in Qunar, travel search engine in China. The investment will make Baidu the majority shareholder of Qunar. Qunar had previously raised $25 million in funding. Previous investors include the Lehman Brothers, GSR Ventures Management, Mayfield Fund, and Tenaya Capital. Founded in 2005, Qunar is basically the Kayak for China. The… Read More

  • Pacific Crest Securities Buys Shanghai-Based Bank to Help Navigate the China Web Chaos

    Pacific Crest Securities Buys Shanghai-Based Bank to Help Navigate the China Web Chaos

    Boutique tech investment bank Pacific Crest Securities has purchased Pacific Epoch, a Shanghai-based investment research firm specializing in technology. This gives Pacific Crest fifty more bodies on the ground in China to deliver investors better investment research than “This is the (fill-in-the-blank-Western-Internet-company) of China.” That lazy marketing strategy has… Read More

  • Groupon: "Getting It In The Ass" In China

    Groupon: "Getting It In The Ass" In China

    A Global Mobile Internet Conference kicked off last night in Beijing. The opening event was an on-stage interview with John Liu, head of Google’s China operations, followed by a panel discussion with several entrepreneurs and executives from MSN and Zynga. The interview was titled “How foreign companies can succeed in China”, a rather amusing title considering that no… Read More

  • From The Rumor Mill: Facebook Plans To Enter China Through Major Partnership(s)

    From The Rumor Mill: Facebook Plans To Enter China Through Major Partnership(s)

    Facebook, as I’m sure you know, is blocked in China. And being banned in a country that boasts roughly 500,000,000 Internet users is, of course, not exactly an ideal situation for a company aggressively looking for growth worldwide. Now Facebook is rumored to have recently inked a partnership deal with a Chinese Internet giant in a move to enter the country (which, as some have pointed… Read More

  • Baidu Leads $50 Million Funding Round For Chinese Real Estate Marketplace Anjuke

    Baidu Leads $50 Million Funding Round For Chinese Real Estate Marketplace Anjuke

    Leading Chinese search engine company Baidu has led a $50 million financing round for Anjuke, a major real estate marketplace in China. Anjuke, which was founded in Shanghai in 2007, provides a platform that connects property buyers, homeowners and real estate agents to buy and sell secondhand properties online. Anjuke last year also launched Haozu.com and Aifang.com to expand to property… Read More

  • When Will China's Internet Giants Open the Acquisition Wallet? (TCTV)

    When Will China's Internet Giants Open the Acquisition Wallet? (TCTV)

    The biggest difference between the Internet scenes in Silicon Valley and China this year? We’re all still asking when Facebook will go public, while Chinese companies are filing left and right. Part of this is an investor demand to get a chunk of that 400 million person strong and growing Chinese Internet market. But part of this is cultural. American Internet entrepreneurs are more… Read More