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  • Dec 29, 2014
  • Updated: 2:03pm

Baidu

Baidu buys stake in Uber in bid to expand presence in China

Baidu is the latest big-name player to invest in the fast-growing transport firm Uber, which is valued at US$40 billion. Photo: Reuters

Internet giant Baidu agreed to buy a stake in Uber as the United States online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transport markets.

Thursday, 18 December, 2014, 9:49am

Baidu buys stake in car-booking app Uber

Baidu's investment in Uber is estimated to worth up to US$600 million.

Baidu is buying a minority stake in Uber Technologies, giving the car-booking company a boost as it expands on the mainland, a source said.

13 Dec 2014 - 6:49am 1 comment

Baidu's Qunar targets end-2016 profit as Alibaba expands

Qunar chief executive Zhuang Chenchao says marketing costs would continue to rise in line with sales for next year.

Qunar Cayman Islands, a Chinese travel website, forecast its first profit as a public company in the fourth quarter of 2016 as competition intensifies and Alibaba Group Holding expands.

4 Dec 2014 - 4:41am

Baidu boosts net profit 27pc after mobile search milestone achieved

Baidu's mobile business leads the mainland in search, maps and applications distribution. Photo: Martin Chan

Online search powerhouse Baidu, which saw its mobile business drive up earnings in the third quarter, will step up investments next year in so-called online-to-offline (O2O) services.

31 Oct 2014 - 5:51am

Mobile business lifts Baidu's revenue

Baidu is expected to post a 53 per cent rise in third-quarter revenue.

Beijing-based Baidu is expected to post solid 53 per cent year-on-year growth in third-quarter revenue to US$2.19 billion when it reports its earnings after the US market closes today, according to a Barclays report.

29 Oct 2014 - 5:33am

More funds flow to Alibaba's anticipated record-smashing IPO

Institutional investors hopped on the bandwagon led by Alibaba founder and executive chairman Jack Ma.

E-commerce powerhouse Alibaba is poised to become Asia's largest listed internet company later this week, but other Chinese technology firms likely feel that its initial public offering cannot come soon enough.

17 Sep 2014 - 5:39am 1 comment

Growth in mainland Chinese interest in premium Swiss watches surges

The Swiss watch industry's exports to mainland China amount to 1.45 billion Swiss francs, making it the third-biggest market after Hong Kong and the US. Photo: EPA

Watch: Watchmakers show their best time-pieces at Baselworld

28 Mar 2014 - 7:53am

Weibo: Qihoo takes high road against Tencent, Baidu, Xiaomi

A sign advertising the Qihoo 360 Technology Co Ltd is hung outside of the New York Stock Exchange. Photo: Reuters

Top executives at controversial software security maker Qihoo 360 (NYSE: QIHU) have been blitzing cyberspace these past few days with a campaign to convince the world that it's suddenly become a defender of justice and occupier of the moral high ground.

2 Dec 2013 - 2:43pm 1 comment

Baidu founder in second place on China's rich list

Robin Li owns 20.8 per cent of internet company Baidu, which has moved aggressively into the mobile apps market. Photo: Bloomberg

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.

21 Nov 2013 - 12:12pm

Web video firms accuse Baidu of stealing content

Sohu CEO Charles Zhang and Youku-Todou CEO Victor Koo (3rd and 4th L) pose with other attendants in front of an installation symbolizing action against copyright violation during their joint news conference in Beijing. Photo: Reuters

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 their content.

14 Nov 2013 - 3:57am

Baidu feels the heat in search rivalry

Baidu posted a year-on-year rise in revenue of 42.3 per cent to 8.9 billion yuan in the third quarter of this year.

Growing competition among the top three search engines in the mainland's buoyant internet market could prove to become a clash of the titans.

11 Nov 2013 - 6:45am

Baidu boosts its mobile search tools with cloud-based apps

Baidu aims to capture more of the mobile-device internet search market with its cloud-based applications. Photo: Bloomberg

Baidu, owner of the mainland's largest search engine, is expanding with mobile applications that do not need to be downloaded, as it competes with Tencent for users in the world's biggest smartphone market.

23 Aug 2013 - 3:49am

Baidu bond sale funds takeover

The bond sale will help fund Baidu's 91 Wireless takeover.

Baidu, operator of the mainland's most popular search engine, sold US$1 billion of five-year bonds in the country's largest overseas corporate debt sale in two months to help fund the takeover of app store 91 Wireless Websoft.

1 Aug 2013 - 5:40am

Baidu profit falls 4.5 per cent on higher costs

Baidu's latest quarterly profit fell 4.5 per cent, while its fledgling mobile business grew. Photo: Reuters

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.

29 Aug 2013 - 4:13am

Sohu seeks investors to drive growth

None of the business units at Sohu are showing big growth. Photo: AFP

Sohu.com owner of the mainland's third-largest web portal, is seeking strategic investment for its Sogou search unit to compete with Baidu for internet users and advertising. The company is also looking to buy larger video websites to provide content, said chairman and chief executive Charles Zhang.

21 May 2013 - 4:00am

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