Baidu (BIDU) is expected to continue its long string of double-digit growth, with mobile revenue growth the key, when it posts Q4 earnings after the close Wednesday. Analyst consensus calls for revenue of $2.26 billion, up 48% from the year-earlier quarter, and earnings per share minus items of $1.59, up 26%, according to Thomson Reuters. Baidu just missed Wall Street revenue estimates when in reported Q3 earnings on Oct. 29, as did its Q4 revenue
Baidu (BIDU) is solidly China’s dominant search provider, but guess who’s rising fast? The company’s top rival Alibaba Holdings (BABA), according to a report by JG Capital released Thursday. Alibaba’s Shenma search service is gaining traction in China, wrote JG Capital analyst Henry Guo. “Our check suggests Shenma search is catching up, with 20%-25% of mobile search market in volume.” Baidu has about 60% of mobile search in China, followed by
Beijing-based online retailer LightInTheBox already sells to customers in 200 countries and 27 languages through a network of overseas fulfillment centers. LightInTheBox supplies low-cost, China-produced products ranging from custom-made wedding gowns to bathroom faucets. Last month, the company inked an agreement with Baidu Dianxin, a global mobile app provider and subsidiary of Baidu (BIDU), China’s No. 1 search firm. LightInTheBox (LITB) CEO