Tag Archives: bidu

Baidu Hobbles Into Mobile As Tencent, Alibaba Race Past

China search leader Baidu (BIDU) has been slow to advance into mobile apps, while China tech heavyweight Tencent Holdings (TCEHY) has emerged as the top rival to Baidu in mobile search, according to a report Friday from Nomura, which handed Baidu a price target cut and rating downgrade. “Who is the potential threat for Baidu on mobile? We believe it’s Tencent, rather than any of the existing search engines,” wrote Nomura analyst Jialong Shi in an

Baidu Price Target Cut On Shrinking Ad Sales

Baidu (BIDU) got a price target cut on Tuesday from Summit Research, which said that the company, China’s search leader, is already losing business from major advertisers and is expected to feel a sting after selling its online health forums to “unqualified medical agencies that posted misleading information. ” Summit Research analyst Henry Guo lowered his price target on Baidu stock to 169 from 189 while maintaining a hold rating, citing “the

China’s Internet Giants Boldly Move Into New Year

A weakened China economy might not slow the bold ambitions of China’s largest Internet companies heading into 2016, despite the stock market’s freefall to start the year. Alibaba (BABA), Baidu (BIDU), JD.com (JD) and Tencent Holdings (TCEHY) all invested heavily in 2015, in fields that include entertainment, ride sharing, retail, logistics and online banking. While each dominate their core markets, all four took steps that encroached on each