Online content recommendation company Taboola has gained a strategic investment infusion from Chinese search engine company Baidu.com. The two parties plan to introduce Taboola’s content recommendation services into the Chinese market. Taboola just completed its series E financing of USD117 million in February 2015. The new investment from Baidu further proves the industry’s confidence in Taboola and the content discovery market. The exact amount of Baidu’s commitment was not readily available, but media are reporting it as a “multimillion dollar deal”.
Baidu, China’s biggest search engine company, today announced a multi-million dollar investment in US-based discovery platform Taboola. The exact sum is undisclosed. Taboola is responsible for those “You might also like” or “Around the web” recommendations you see on so many websites that lead to external content. It’s a way for web publishers to make money from something other than conventional ads.
As the Apple Watch is fueling business opportunities for smart wearable devices, the wearables market in China is estimated to surge from 2.2 billion yuan (US$355 million) in 2014 to 13.6 billion yuan (US$2.2 billion) in 2015 and 23 billion yuan (US$3.7 billion) in 2016. To win a slice of this prospective market, many listed Chinese tech companies are actively proceeding with their products, our sister paper Want Daily reports. Among them are Xiaomi, ZTE, Huawei, Qihoo 360, and Baidu, all of which have kicked off investments in the burgeoning industry to cash in on the potentially lucrative market for smart wearable devices.
The world has been reeling since Nepal was struck by a devastating earthquake on Saturday, a quake which has taken more than 5,000 lives as of this writing. But the earthquake has taken more than lives: it has also done irreparable damage to many of Nepal’s UNESCO World Heritage sites. Kathmandu has seven, more than any other city in the world, and all of them were damaged in the quake.
Chinese search giant Baidu released its latest earnings report today, and the numbers are less than stellar. Operating profit, excluding share-based compensation expenses, came in at RMB 2.4 billion (US$394.6 million), marking a 3.8 percent decrease year-on-year, and net income hit RMB2.449 million (US$395.1 million), marking a 3.4 percent decrease year-on-year. Revenues hit RMB12.73 billion ($2.05 billion), a 34 percent increase year-on-year, but that growth is stagnating.
Finnish tech company Nokia is selling its maps unit Here and trying to solicit bids from IT giants including Apple, Alibaba and Amazon, reports Sina’s tech news web portal. According to Bloomberg’s sources, Nokia also approached other potential bidders including Chinese leading search engine provider Baidu, the US satellite-radio provider Sirius XM and US audio equipment manufacturer Harman International Industries.
Chinese tech giants Baidu, Alibaba and Tencent are likely to become major players in the mobile medical industry in China given their tremendous capital and well-developed platforms, reports our Chinese-language sister newspaper Want Daily. Tencent invested US$70 million in China’s largest medical and health website Dingxiangyuan in September last year, followed by an investment of US$100 million in the leading website used for making hospital appointments in China, Guahaowang, in October last year.
Chinese tech giant Baidu has shut down the Japanese search engine that it first launched in 2007. The Baidu.jp site, which used to feature a Japanese-language search engine that hoped to rival Google and Yahoo in the country, now just features a mission statement and a bunch of email addresses for its business partners to reach out to. A Baidu spokesperson confirmed today to Tech in Asia that the Baidu Japan search engine is now shut. “[B]ut that doesn’t preclude the possibility that we will bring it back one day, or introduce our search technology services through other platforms in Japan,” he added.
Chinese web giant Baidu has wholly acquired online security startup Anquanbao for an undisclosed sum, according to QQ Tech (hat-tip to TechNode for spotting). Anquanbao is a cloud-based protection service that guards websites from malware and distributed-denial-of-service attacks. Baidu plans to use Anquanbao to protect and speed up its Baidu Cloud services. Anquanbao founder Ma Jie will head up Baidu’s cloud security unit. Anquanbao’s other clients include Amazon Web Services China, Tencent Cloud, SAE, and 51DNS. It protects websites like LeTV, Umeng, and Zhihu, among many others.
Baidu, China’s top search engine company, has just taken the wraps off of its own smartwatch OS. It’s called DuWear. Because pretty much every single Google service is blocked in China, Android Wear with its baked-in Google services is useless in China. That seems to have prompted Baidu to take a stab at it making its own. Kaiser Kuo, Baidu’s director of international communications, tells Tech in Asia that a “major manufacturer” is going to make a smartwatch that uses DuWear and it’ll be available to buy in June.
The third version of China’s data center server technology standard project led by China-based Baidu, Alibaba and Tencent are set to be announced at the end of 2015 and the project will cover more standards and adopt a modularized design to help reduce China data centers’ server purchasing costs, according to sources from the upstream supply chain. China launched the first version of the project in 2012 and the second in 2014 and the project is rather similar to the Open Compute Project (OCP) that Facebook has been aggressively promoting.
Chinese internet giant Baidu has unveiled its self-designed smart hardware DuRing, a mini projector the size of a ring that can be worn on the finger, reports Shanghai’s National Business Daily. Made of titanium alloy, DuRing weighs 22.8 grams with an 18 mm minimum diameter. It connects to Baidu online video site through wireless technology and projects to a 50-inch screen at the largest with WXGA (1280 x 800) resolution.
Baidu’s efforts to bring its own customized Android ROM to Chinese smartphones appears to be fizzling out as the company shifts resources away from the project. On Wednesday, the team behind the Baidu Cloud OS, a suite of tools and interfaces designed for Android phones and incorporated into the company’s Android ROM, announced it was saying goodbye to the platform.
No news means bad news when it comes to tech companies. If they’ve nothing to boast about, the ensuing silence looks suspicious. That’s been the case with Baidu’s version of Android (pictured above), which launched in late 2011. Despite a high-profile and promising start as Dell made use of Baidu’s Android-based Yun OS for a new China-only phone, the Chinese search giant’s OS thereafter didn’t show any signs of finding favor with the nation’s smartphone shoppers.
Baidu is preparing to launch an autonomous car this year. The internet search giant has been working on a variety of innovative ideas including smart bikes, augmented glasses and other hardware centric ideas in the past two years. Launching the car this year would be an interesting proposition, considering China has not regulated autonomous cars and most automotive companies are holding off on making a car until 2020.
Huawei’s CloudMall data center solution made its debut at the Mobile World Congress 2015 in Spain this week. The company also signed a memorandum of understanding with Baidu to jointly develop indoor mobile Internet. With the joint development of technical innovation, product development, and marketing promotion, Huawei and Baidu plan to accelerate the development of mobile internet applications based on indoor scenarios.
Earlier this week, Alibaba subsidiary Aliyun announced it was opening a data center in Santa Clara, California, as the first step in expanding the giant’s reach into the U.S. cloud services market. Alibaba isn’t the only Chinese internet company looking to gain data center foothold in Silicon Valley. Other heavyweights, including Tencent and Baidu, have been shopping for data center space in the Valley in recent months, Jeff West, director of data center research at the commercial real estate firm Cushman & Wakefield, said.
Chinese search engine Baidu has been the king of China’s search game for a long time, since well before Google decided to leave the Chinese market. But given the similarities between their services and, especially in the early days, their aesthetic, comparisons between Baidu and Google are common. In the foreign press, Baidu is often called the “Chinese Google,” or flat-out accused of being a Google copycat.
China Mobile and Chinese search engine Baidu reached a deal to jointly build a new-generation mobile Internet cloud computing center. The center is named Baidu Yizhuang New-generation Search Data Center (first phase) and financial terms of the deal were not released.. According to China Mobile, this will become the industry’s first large-scale cloud computing center which targets mobile Internet businesses.
Baidu, China’s largest search engine, posted revenues of CNY14.05 billion (US$2.25 billion) and net profit of CNY3.229 billion for the fourth quarter of 2014, growing on year by 47.5% and 16% respectively, according to China-based tech.qq.com. Of the fourth-quarter revenues, 42% came from mobile search services, Baidu said.