Tag Archives: bidu

Baidu Links With China E-Tailer To Take On Alibaba

In a deal it called an example of a partnership for “Chinese companies with a global ambition,” Baidu (BIDU) has partnered with Beijing-based e-tailer LightInTheBox (LITB) to promote and distribute LightInTheBox’s products and apps. “We believe there will be more Chinese Internet and mobile companies going global in the future,” said Zhang Lei, CEO of Baidu Dianxin, the international mobile app provider and subsidiary of Baidu, China’s No. 1 Web

Baidu Earnings Buoyed By Mobile Momentum, Stock Rises

Increasing momentum in mobile growth buoyed China search leader Baidu (BIDU) to a Q3 EPS beat late Wednesday, sending its stock to an all-time high Thursday despite a slight revenue miss. Baidu stock was up 4% in morning trading in the stock market today, near 234. The stock earlier rose above 237, an all-time high. “Margin came in well above expectations, mainly due to lower than we expected cost of revenue and operating expense,” wrote JC

Alibaba Among 4 Hot Chinese Internets Set To Report

With the market in confirmed uptrend again, the rising tide will lift nearly all seaworthy boats. Looking for ones that are fundamentally sound, such as YY, will yield vessels that should stay afloat long-term. Chinese search giant Baidu (BIDU), often called “China’s Google,” on Wednesday reported third-quarter earnings that easily topped estimates, plus Q4 guidance that matched