Chinese developer Dalian Wanda Group’s e-commerce unit is expected to begin operations later this year. The company is taking a different approach to competing with the industry leader Alibaba, reports Guangzhou’s Time Weekly. Following Wanda’s initial public offering in Hong Kong on Dec. 23, the largest in Asia in 2014, the property developer was once again in the news when its e-commerce unit received investments worth 1 billion yuan (US$161 million) from two investment funds on Jan. 4.
Most of Indonesia’s web users spend time online using mobile devices. And while there are about 38.3 million active smartphone users in the country, that number will surpass 100 million by 2018. So it’s a big market to be in, and there’s huge opportunity to win the hearts of those upcoming smartphone users in Indonesia. Third-party Android app stores like Baidu’s MoboMarket want to tap into this lucrative industry. Mobomarket recently released Q4 2014 data:
Chinese search engine company Baidu recently reached an agreement with Nokia to provide map services to Chinese users outside China as Baidu aims to develop international businesses through mobile services. Nokia’s map and navigation business Here announced that it will provide overseas map data to Baidu map, targeting the Chinese outbound tourist market. Here will provide data to Baidu map’s desktop, iOS, and Android editions. The new service will first be available in Taiwan and gradually cover other countries and regions.
Today Wanda Group, the Chinese commercial real estate firm best known for its movie theater chains, announced that its joint ecommerce venture with Tencent and Baidu closed a RMB 1 billion (US$161 million) funding round. The two investment funds, Xude Rendao and Centec Networks, will take 2 percent and 3 percent equity in the company, respectively. Wanda Group states that Tencent and Baidu now each hold a 15 percent stake in the venture, which is now valued at RMB 20 billion (about US$3.2 billion).
There are 904 airplanes in Chinese airspace right now. One plane just flew near my apartment as its journey from Chengdu to Shanghai nears the end. I know that because I’m playing around with a new plane tracking app – which includes some augmented reality trickery – that came out today, made by Chinese search engine giant Baidu.
Baidu Research, the research division of search giant Baidu, unveiled last night a speech recognition technology it has dubbed “Deep Speech.” According to an official release, Baidu’s team of artificial intelligence researchers in Sunnyvale designed Deep Speech to recognize and interpret voice input in noisy environments like restaurants, where ambient noise or other factors can muddle accuracy.
Earlier today Here, the maps service owned by Nokia, announced a partnership with Baidu that will see it power the Chinese search giant’s mapping technology outside of China. According to a release from the Finnish company, Baidu Maps’ first Here-powered market will be Taiwan, with other countries expected to roll out soon. The news marks a minor but noteworthy development as China’s internet giants seek to expand their footprints abroad.
Indonesia has long been considered a mobile-first country, since users from its current generation onwards will get their first taste of the internet via their mobile devices. It is imperative for any company looking to break into Indonesia to understand these users better. If you’ve been wondering about the Indonesia market, you’d probably want to look at Baidu Indonesia’s report on the country’s mobile internet users, released at Startup Asia Jakarta 2014.
If China’s top Internet search engine controls Chinese literature the way it delivers Internet search results, be prepared for Baidu.com to censor, misrepresent, and deliver books to Chinese readers in a way only a book-burner could love. Baidu is now extending its government-influenced Internet monopoly into the Chinese literature sector. Baidu Literature announced its establishment and revealed a complete structure covering several sub-brands like Zongheng.com, 91 Panda Book, and Baidu Shucheng.
Chinese search engine giant Baidu, Inc. recently announced it’s established a literary website by integrating a number of existing websites under its name. The literary websites now under Baidu’s banner include 91 Panda Reading app, Zongheng and Baidu Shucheng. Zhang Dongchen, Baidu’s vice president, said the company plans to focus on original online novels and take advantage of its platform. It will collaborate with game companies, TV and film production studios to transform its original novels.
Baidu, China’s top search engine company, now gets more traffic on mobile than it does on desktop computers. This little nugget of info is hidden in plain sight in Baidu’s Q3 earnings report (PDF link), which came out last night. “This is quite significant,” says Kaiser Kuo, Baidu’s director of international communications, in an email exchange with Tech in Asia. “To be a bit more specific, average daily mobile traffic surpassed average daily PC traffic,” he adds, emphasizing that this refers to total traffic, not just search queries.
Chinese Internet technology company Baidu, Inc. has stepped into the geolocation technology arena, an emerging technology currently captivating retailers and other industries. The company invested US$10 million last month in Finnish-based mapping service provider IndoorAtlas to develop new GPS systems. IndoorAtlas had already developed computer software that lets a compass in smartphones identify a person’s indoor location using the Earth’s geomagnetic fields, instead of relying on wireless signals.
Israeli venture capital firm Carmel Ventures announced today that it has closed a fourth round of funding worth a total of US$194 million. And interestingly, this latest round includes investment from “several leading Asian strategic investors” including Chinese tech companies Baidu and Qihoo 360. Carmel Ventures did not disclose how much either of the Chinese tech giants invested, and a representative from Baidu confirmed to Tech in Asia that the company had participated in the funding round but declined to comment further.
Chinese Internet services company Baidu, Inc. is currently using deep learning algorithm, a new subfield of artificial intelligence (AI), to improve its search engine technology and other computing tasks. Deep learning is an area of machine learning that intends to train computer hardware and software to replicate the behavior of the human brain by using data representations. Andrew Ng, former artificial intelligence chief of Google, is currently leading Baidu’s AI research and development lab in Silicon Valley, California.
Chinese web giant Baidu (NASDAQ:BIDU) today launched a new personal investment fund that lets users crowd-invest in upcoming movies and television shows. Baifa Youxi (百发有戏; translates to “Baifa Me”) promises the same eight percent interest rate as the original Baifa fund, with returns reaching as high as 16 percent, according to Techweb.
Alibaba will be the third-biggest internet company in the world by market cap if analysts’ estimates hold up. It will surpass both US ecommerce giant Amazon and Chinese rival Tencent. Chinese companies take up four of the top 10 spots and make up three of the top six. Baidu (NASDAQ:BIDU) sits at number six, while JD (NASDAQ:JD) rounds out the top 10. Google (NASDAQ:GOOGL) leads by a long shot with nearly twice the market cap as runner up Facebook (NASDAQ:FB).
Zhang Yaqin, the man who helped build Microsoft’s biggest technology research operation outside of the United States, is leaving the software giant to join Chinese online search powerhouse Baidu. Sources close to Baidu said Zhang would be named president for new business and become an integral part of the company’s senior management. He would report directly to Robin Li Yanhong, the co-founder, chairman and chief executive of Baidu.
The Chinese government already has direct access to the online activity of the country’s netizens, and that access is about to get even more pervasive through a new wearable technology from China’s top search engine. The newly-launched BaiduEye prototype was unveiled yesterday at the Baidu World 2014 conference. BaiduEye does not need a screen and users can give commands to BaiduEye by gestures like circling an item in the air with a finger or picking up the item to realize recognition and analysis of the item.
Chinese search giant Baidu has invested US$10M in IndoorAtlas , a Finnish startup that develops smartphone technology to track real-time movement indoors. The company will use the funds to improve its research and development, and it will also enter an exclusive agreement with Baidu that will bring its mapping technology to the Chinese market.
China’s largest tech corporations are rushing to penetrate an industry that’s historically not tech-savvy – brick-and-mortar retail. Dalian Wanda Group, a conglomerate best known for its chain of movie theaters , has launched a US$814 joint ecommerce venture with Baidu and Tencent for the purpose of accelerating the three firms’ reach for in-store mobile payments. Tencent and Baidu have confirmed news of the venture with Tech in Asia.