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.
A total of fourteen Chinese brands made their names to the global top 100 brands ranking listed by marketing and brand consultancy Millward Brown with technology the fastest growing category. China now has three technology brands in the top 100, with Tencent and Baidu increasing their brand value by 43 percent and 35 percent from a year ago respectively, faster than global average of 14 percent.
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.