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  • October 22, 2014
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  1. Business - China Business - WEALTH

    Baidu founder in second place on China's rich list

    Posted Nov 21st 2013, 02:47am by BLOOM

    ... Bloomberg in Shanghai Robin Li worth US$12 billion after an increase of 63 per centin the value of his company this year Baidu founder in second place on China's rich list A 63 per cent rise in Baidu share price this year has made the founder of China's top internet search engine, Robin Li Yanhong, its second-richest person. Li's net worth has risen to US$12 ...

  2. Business - China Business - COURTS

    Web video firms accuse Baidu of stealing content

    Posted Nov 14th 2013, 03:09am by Adrian Wan

    ... Adrian Wan in Beijing adrian.wan@scmp.com Companies including Sohu, Tencent and Youku Tudou seeking 300 million yuan in damages Web video firms accuse Baidu of stealing content The biggest online video providers on the mainland are jointly seeking 300 million yuan (HK$381 million) in damages from Baidu, the country's leading search engine, which they accuse of stealing ...

  3. Business - Companies - INTERNET

    Baidu feels the heat in search rivalry

    Posted Nov 11th 2013, 05:17am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Market leader on the mainland, battling to keep mobile users, is contending with aggressive foes in Qihoo 360 and a Tencent-Sogou alliance Baidu feels the heat in search rivalry Growing competition among the top three search engines in the mainland's buoyant internet market could prove to become a clash of the titans. For the moment, Baidu remains ...

  4. Business - Companies - INTERNET

    Baidu boosts its mobile search tools with cloud-based apps

    Posted Aug 23rd 2013, 12:00am by Bloomberg

    ... Bloomberg Mobile users to access 'lite apps' through the company's search program on smartphones Baidu boosts its mobile search withcloud-based apps Baidu, owner ... users could access "lite apps" for information on transport, travel and entertainment through Baidu's search program on smartphones, Li Mingyuan, a vice-president, said yesterday ...

  5. Business - Companies

    Baidu profit falls 4.5 per cent on higher costs

    Posted Jul 25th 2013, 11:16am by AP

    ... Associated Press in Beijing Baidu said on Thursday its latest quarterly profit fell 4.5 per cent to 2.6 billion yuan (HK$3.3 billion). Revenue rose 38.6 per cent from a year earlier to 7.6 billion yuan but promotion and other expenses rose 83.5 per cent. China’s established competitors such as Baidu that focus on desktop computer-based services face new challenges as Web surfers ...

  6. Business - Companies - INTERNET

    Baidu bond sale funds takeover

    Posted Aug 01st 2013, 12:00am by Bloomberg

    ... Bloomberg in New York Baidu bond sale funds takeover Baidu, operator of the mainland's most popular search engine, sold US$1 billion of five-year bonds in the country's largest ... since May as investors gauge the extent of the slowdown in the world's second-largest economy. While Baidu has sufficient cash to fund its US$1.9 billion acquisition of 91 Wireless ...

  7. Business - Companies - ACQUISITIONS

    Baidu agrees to buy PPStream for US$370m

    Posted May 08th 2013, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Nasdaq-listed firm says the purchase will create largest online video platform on the mainland Baidu agrees to buy PPStream for US$370m Baidu, China's ... business will become a separate brand under Nasdaq-listed Baidu's own online video service, iQiyi. The transaction, which will close this quarter, will create the country's largest online ...

  8. Comment - Blogs

    Baidu's Qunar hit by merchant revolt

    Posted Apr 10th 2013, 12:39pm by Doug Young

    ... investment from leading search engine Baidu (Nasdaq: BIDU). I've previously been critical of Baidu for its inability to develop new business areas outside its core search business, ...

  9. Business - Companies - ACQUISITION

    Baidu buys control of Brazilian online discounter Peixe Urbano

    Posted Oct 10th 2014, 10:50am by Reuters

    ... Reuters in Sao Paulo China’s Baidu, the world’s No 2 internet search engine, has bought control of Brazilian online-discount company Peixe Urbano for an undisclosed sum, the latest step in a push to expand in Latin America’s largest economy. Under terms of the transaction, which were announced in a statement on Thursday, Baidu will let Peixe Urbano’s management team, led ...

  10. Comment - Blogs

    Baidu eyes Europe, Vipshop soars

    Posted Oct 11th 2012, 11:32am by Doug Young

    ... Doug Young Baidu's new foray into Europe is likely to fizzle unless it devotes more resources to the move, while Vipshop could be an e-commerce company to watch due to its niche focus. A couple of interesting Internet stories have captured my attention today, including one that indicates online search leader Baidu (Nasdaq: BIDU) may be eying yet another global expansion; ...




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