China’s search giant Baidu announced on Monday that it has partnered with France Telecom-Orange to launch a co-branded browser for low-cost smartphone users across Africa and the Middle East.
The service compresses data to provide customers with a faster, more data-efficient service, while reducing the traffic on Orange networks at the same time. Launching in English and Arabic, it offers one-click access to web-based apps and internet services like Facebook and Twitter. Sounds good, but so what? Continue reading »
The clash between the US Securities and Exchange Commission and China over accounting regulatory standards probably won’t come to a head for another ten months. But the prospect that the SEC’s high-profile attack on the Chinese affiliates of the Big Four and BDO could lead to a wholesale delisting of Chinese companies from the US stock market appeared enough to spook investors. Continue reading »
The story of Baidu has long been slightly boring, as market share, revenues and profits of China’s largest online search engine company never went other than up, up, up.
But this may be changing. As Baidu, which is listed on Nasdaq, is set to report third-quarter earnings after US market close next Monday, investors are bracing for news on how deep exactly the company’s latest competition has been cutting into its business. Continue reading »
More reports that Baidu, China’s biggest search engine, is launching in Brazil.
There are plenty of reasons to come to Latin America’s biggest economy, where internet use is rising rapidly, driven by social media.
But that still begs the question of how Baidu will differentiate itself in Latin America. Continue reading »
What China slowdown? Baidu, the country’s top search engine, has taken full advantage of Google’s partial retreat from China and reported impressive results in the third quarter that came in ahead of analyst expectations.
Total revenues, at Rmb4.18bn (US$655m) are up 22 per cent compared to the last quarter, and 85 per cent from a year ago. Combine that with a 57 per cent operating margin, and it’s pretty clear that Baidu sits squarely upon a very attractive piece of the Chinese internet market. Continue reading »
Google’s share of the Chinese online search market is plummeting, but the company’s staff in China comfort themselves with the thought that they are the champion of hearts. “The people love Google,” says John Liu, the company’s vice president for Greater China operations.
But it turns out that the Chinese people love Baidu more. According to WPP, the global marketing group, Chinese consumers have much stronger emotional ties to the brand of the local hero than to Google. Continue reading »
Emerging markets may be all the rage with bankers and investors, but as a 2010 Freedom House report published yesterday reveals, political activists have reason to be concerned about political rights in these countries. Investors might want to take heed as well. Continue reading »
If Google needed further proof of what it is missing out on after winding back in China – the world’s biggest internet market – then it should look no further than Baidu’s results.
After producing forecast-smashing numbers for the first quarter, China’s leading online search engine on Thursday released a rosy outlook for the following three months, as the FT’s Kathrin Hille reports.
Robin Li, Baidu’s chairman and chief executive, said the Nasdaq-listed company had benefited from Google’s “semi-exit” from mainland China. In March, the US company moved its mainland China web search operation to Hong Kong over censorship issues. Since then, Baidu has been able to charge advertisers more, analysts say. Continue reading »