China Tech News — Chinese search engine company Baidu reportedly plans to acquire a controlling stake in Mydala.com, a leading e-commerce platform for discounted products in India. According to reports in Indian local media, Baidu expressed an intention to acquire a majority stake in Mydala.com and the investment can reach up to USD100 million, which is about CNY630 million. Neither Baidu nor Mydala.com have commented on the news.
Times of India — SHANGHAI: China’s main search engine Baidu plans to launch an online bank with financial services group Citic, the two companies said, as the internet firm seeks to compete with rivals moving into banking. The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country’s first lender formed by an internet company and a traditional bank, Baidu said in a statement.
Finextra — Standard Chartered has partnered with Chinese Internet search engine Baidu to launch a fintech accelerator programme in Hong Kong. The bank says the ‘SuperCharger Accelerator Programme’ will help local and international early-stage and more established fintech companies grow in Asia’s vibrant markets. Throughout October, a roadshow will travel in search of the best businesses worldwide with stops including London, New York, Tel Aviv, Singapore and Beijing.
Asia One — United States tech multinationals rushed to grab Chinese partners during President Xi Jinping’s US trip on Thursday, hopping to get more government procurement deals in China. Microsoft Corp and its Chinese cloud computing partner 21Vianet will partner with State-owned information technology company Unisplendour, targeting government and SOE customers.
Business Insider — Some of the most powerful tech leaders got together in Seattle to greet Chinese President Xi Jinping on his visit to the US Wednesday. And based on the group photo tweeted out by Seattle Times reporter Matt Day, it was a star-studded event:
CKGSB — Jack Ma’s mix of charm, drive and self-deprecation was on display as he addressed the Economic Club of New York in the Grand Ballroom of the Waldorf Astoria in early June. As club members tucked into a lunch of herb-stuffed chicken breast, mushroom risotto and baby zucchini, the Alibaba founder and Executive Chairman breezed through topics that ranged from his days as an English teacher back in 1988 in Hangzhou to the future of his e-commerce powerhouse.
Digi Times — Soft-World International, the largest Taiwan-based online game developer and operator, will cooperate with Baidu, the largest China-based web portal, to develop smartphone-based mobile games, according to the Chinese-language newspaper Economic Daily News (EDN).
Want China Times — Since early this year, China has been pursuing an “Internet Plus” action plan focusing especially on cloud computing. Early this year, the State Council unveiled an opinion about promoting cloud computing, expecting China to have built up several internationally competitive cloud computing enterprises that have controlled key cloud computing technologies by 2020, China Economic Net reports.
Digi Times — China Mobile will launch own-brand smart wireless routers in the China market, with the device positioned as the center of home-use IoT applications for security surveillance, environmental monitoring, automatic control of appliances and healthcare services in the future, according to industry sources. China Mobile will soon hold an open-bid to select the ODM to produce 10,000 units, the sources said.
Datacenter Knowledge — China’s notoriously high air pollution levels are a well-documented public-health issue. But pollution also has other less talked about effects. One of them is on the efficiency of data centers in the country. Pulling outside air into a data center to cool equipment to reduce energy used by mechanical cooling systems has been one of the most effective ways to increase the facility’s energy efficiency.
Shanghai Daily — CHINA’S largest Internet search engine Baidu yesterday said it had approved a share repurchase scheme worth up to US$1 billion to showcase its confidence in the online-to-offline (O2O) opportunity. The share repurchase will be funded by existing cash balance over the next 12 months, according to a stock exchange filing.
Shanghai Daily — CHINA’S dominant Internet search engine Baidu Inc yesterday said it would invest 20 billion yuan (US$3.2 billion) over the next three years on online-to-offline services, including group-buying service Nuomi. “Right now Baidu has over 50 billion (yuan) in cash on its books,” said CEO Robin Li in a press release. “We’re going to take 20 billion of that and do Nuomi right.”
Want China Times — Internet search giant Baidu signed a cooperation agreement with the Industrial and Commercial Bank of China (ICBC) on June 26 covering internet finance, map services, internet marketing and lifestyle services, reports our Chinese-language sister paper Commercial Times. Baidu will provide its mapping service and positioning technology to help ICBC to plan branch locations, as well as providing technical support for the bank’s online financial services.
China Topics — InfoQ’s CNUT meeting with technology leaders in China was considered successful after it was attended by big technology companies such as Alibaba, Tencent, Baidu, Huawei, Ctrip, Meituan, JD and other tech companies in the country. The focus of the meeting, which was held in Beijing Babbitt Internet themed tea house, is about the possible effect of container technologies for cloud computing and its local role in domestic distribution.
BEIJING – Baidu, Inc., the leading Chinese language Internet search provider, today announced the pricing of its public offering of US$1.25 billion aggregate principal amount of its notes. The public offering consists of US$750 million of 3.000% notes due 2020 and US$500 millionof 4.125% notes due 2025. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited.
According to a recent report of the Institute for Information & Communications Technology, the number of hardware manufacturers, including those producing electronic components, semiconductor products and equipment, IT hardware, telecoms equipment, and consumer electronics, is on the decline on the list of the global top 100 IT companies based on market caps, whereas that of software, IT services, and Internet service providers is showing a noticeable increase.
Chinese search engine company Baidu is rumored to be talking with U.K. digital sports media group Perform Group to establish a joint venture in China. Perform’s core business is purchasing digital copyrights of various high-level sports events, displaying those events on online with its powerful digital editing capacity, and attracting money with its traffic. In addition, Perform specializes in sports data consulting analysis and advertising sponsorship marketing.
Chinese search engine company Baidu announced that they will acquire a controlling stake in popIn, a native advertising company in Japan. According to the terms of the transaction, popIn’s existing management team will be able to independently operate its businesses within the enterprise architecture of Baidu. On the completion of the acquisition, Baidu’s advertising platform will adopt popIn’s READ technology and content recommendation technology to improve its accuracy of advertising.
Baidu, China’s popular search engine giant, confessed to have cheated in an image recognition contest, after which it claimed to beat Google and Microsoft in terms of popularity, early in May. In what could come across as a shocking news for ardent technology followers, a researcher from Baidu, China’s leading internet search engine, admitted to resorting to cheating in an image recognition contest.
Chinese internet search engine giant and popular mapping service provider Baidu Inc., has invested $11.5 million in Qianhai Mobile – a local start-up that provides commuters in over 10 cities across the country with free wireless internet access. China Money Network reported that the investment deal, which will be implemented through the subscriptions of shares, also included funding from two Chinese private equity investors; Dongguan Zhongke Zhongguang Venture Investment and Guangdong Zhongke Baiyun New Industry Venture Investment.