Baidu, China’s biggest internet search engine company, said on Thursday it will buy back shares worth US$1 billion after the company’s stock price slid following a weak earnings report earlier this week.Thursday, 30 July, 2015, 1:45pm
Chinese online search giant Baidu saw the steepest decline in its US-traded shares since 2008, wiping off about US$10 billion from the company’s value.
Shares of Nasdaq-listed Baidu were down 15 per cent to finish at US$168.03 on Tuesday. That was also the stock’s lowest close since it reached US$166.42 on June 5 last year.29 Jul 2015 - 11:13am 2 comments
Baidu forecast third-quarter revenue below Wall Street expectations as the Chinese internet search giant continued to pursue major investments, sending its US-traded shares lower on Monday.
Nasdaq-listed Baidu posted a 3.3 per cent increase in net profit in the second quarter, but that was offset by higher operating expenses.28 Jul 2015 - 9:22am
Baidu, China’s No. 1 search engine, will invest over 20 billion yuan (US$3.2 billion) in its Baidu Nuomi group-buying platform, it said on Tuesday.
The investment will be spread over three years to expand Nuomi’s online-to-offline (O2O) platform under a strategy called “Membership Plus”, CEO Robin Li said.30 Jun 2015 - 8:07pm
A Chinese entrepreneur who courted controversy four years ago by calling e-commerce operations “a scam” is bidding to revolutionise the industry by trimming the fat from the supply chain so that shoppers can buy products from suppliers of luxury brands like Prada at cheaper prices.30 Jun 2015 - 4:26pm
Highlighting China’s growing demand for online video, iQiyi, a subsidiary of leading Chinese search engine Baidu, has now attracted five million paid subscribers, the company said on Tuesday.17 Jun 2015 - 9:21am
How innovative is China these days? The answer is getting increasingly unclear after a series of embarrassing events.
First there was Fudan, one of the most prestigious universities in China, and then Baidu, the No1 homegrown search engine. The two incidents have forced people to rethink how competitive China could be, from its education level to its technology development.14 Jun 2015 - 7:45pm 3 comments
Chinese search giant Baidu has sacked the lead scientist of a research team that was disqualified for breaking the rules in an international competition testing artificial intelligence, the company said on its blog late this week.
The team was left po-faced after the organisers of the ImageNet Large Scale Visual Recognition Challenge kicked it out of the race last month.12 Jun 2015 - 6:27pm 2 comments
China’s biggest search engine Baidu and two private equity firms have invested US$11.5 million in a public transport advertising network and provider of free Wi-fi on buses and metro systems in China.5 Jun 2015 - 3:16pm
A group of scientists from Chinese search engine giant Baidu have apologised amid claims they cheated on a complex image-recognition test, which led to their being banned from similar events by the organiser for a year.4 Jun 2015 - 4:12pm
China's largest online search engine has announced a 'multi-million dollar' investment in content discovery engine Taboola.19 May 2015 - 8:46am
Premier Li Keqiang has recently become a big fan of the internet. Wherever he goes and speaks, he promotes Beijing's "Internet Plus" strategy, which is aimed at transforming the mainland's labour intensive economy into a more innovative, internet-driven one.3 May 2015 - 8:09pm 1 comment
Authorities have raided the offices of Uber in the city of Guangzhou as the transport authority said it had started a crackdown on web-connected private-car taxi companies allegedly offering illicit services.1 May 2015 - 6:49pm
Baidu-backed video streaming provider iQiyi is gearing up for a major expansion into Hong Kong as it seeks to take on Chinese rival Youku Tudou and Google's Youtube.27 Apr 2015 - 10:31am
BaiduEye shows how the Chinese search giant is innovating in areas outside of its core business, according to one of the firm's chief scientists.21 Apr 2015 - 10:28am 2 comments