Baidu | South China Morning Post
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  • Mar 30, 2015
  • Updated: 4:46am


Search giant Baidu enters China's US$59 billion second hand car market

File picture of women walking past Volkswagen and Honda cars at an automobile market in Beijing. Photo: Reuters

Uxin, one of China's largest online second-hand car marketplaces, announced this week it has raised US$170 million from a number of investors, including China's homegrown search and online services firm Baidu and US private equity giant KKR.

Thursday, 19 March, 2015, 6:14am

‘Don’t eat too much!’ Baidu’s smart chopsticks will help you stick to your diet

Baidu founder Robin Li Yanhong introduces the smart chopsticks at an even in Beijing in September 2014. Photo: SCMP Pictures

Future chopsticks may not only be able to detect if food is unsafe to eat, but also, based on the data collected, warn if you have had too much meat and too little nutrients in recent meals.

That is the vision Chinese internet giant Baidu has for its so-called “smart chopsticks”, according to people familiar with the still in-development product.

13 Mar 2015 - 11:59am 1 comment

Can Li Keqiang's Internet Plus strategy really save China?

Premier Li Keqiang has stressed the need for more state investment in the internet sector. Photo: Reuters

Beijing apparently believes it has finally found the right formula for economic transformation after discussing it for many years without any significant progress. Premier Li Keqiang's so-called Internet Plus strategy.

8 Mar 2015 - 9:37pm 2 comments

'China brain' project seeks military funding as Baidu makes artificial intelligence plans

Baidu founder Robin Li Yanhong speaks to reporters at the Great Hall of the People about his plans to develop artificial intelligence. Photo: Simon Song

The of online search giant Baidu is looking to the nation's military to support efforts which may make China the world leader in developing artificial intelligence systems.

4 Mar 2015 - 10:15am 3 comments

Baidu shares drop after disappointing profit

For the whole of last year, Baidu reported a 25.4 per cent increase in net income to 13.19 billion yuan from 2013. Photo: Reuters

Shares of Baidu fell below US$200 during after-hours trading in the United States as China’s online search market leader reported fourth-quarter earnings that missed analysts’ estimates.

Nasdaq-listed Baidu posted a 16 per cent rise in net profit to 3.23 billion yuan in the quarter ended December 31, from 2.78 billion yuan a year earlier.

12 Feb 2015 - 8:59am

Every step you take: Baidu teams up to sell kids’ shoes with built-in GPS trackers

Baidu and 361 Degrees have teamed up to launch a line of children's sneakers with built in GPS trackers.

Chinese internet giant Baidu has joined up with 361 Degrees, a leading mainland sports firm, to launch a line of smart kids shoes which enables parents to track where their kids are, a prominent step forward for the burgeoning mainland wearables market.

28 Jan 2015 - 4:38pm

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.

18 Dec 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