Connect to share and comment

China travel websites Qunar.com and Ctrip.com may merge: Bloomberg

(Reuters) - Qunar Cayman Islands Ltd, the operator of Baidu Inc's travel website, is in talks with Ctrip.com International Ltd for a merger or partnership, Bloomberg reported, citing two people familiar with the matter. The talks are in early stages and may not result in a deal, the report said. (http://link.reuters.com/vat38v) Qunar, which is 55 percent owned by Baidu, operates the Qunar.com travel website, while CTrip owns the CTrip.com travel website.

China's Baidu defeats U.S. lawsuit over censored search results

By Jonathan Stempel NEW YORK (Reuters) - Chinese Internet company Baidu Inc on Thursday won the dismissal of a U.S. lawsuit by pro-democracy activists who complained that Baidu illegally suppressed political speech on China's most widely used Internet search engine. Eight New York writers and video producers had accused Baidu of creating search engine algorithms, at the behest of China, to block users in the United States from viewing articles, videos and other information advocating greater democracy in China.

Baidu-led partnership applies for China banking license: CEO

BEIJING (Reuters) - China's Baidu Inc, the country's biggest search engine, has formed a partnership to apply for a private banking license, Robin Li, Baidu's chief executive, said on the sidelines of China's annual parliament on Friday. "Of the businesses the Internet will topple they naturally include finance," Li told a group of reporters. "Baidu is now applying for multiple banking licenses, including payment, but because we're still in the process of applying it's not convenient to reveal too much," said Li.

Baidu quarterly profit edges down 0.4 per cent to $460 million on mobile Internet scramble

BEIJING, China - Baidu Inc., which operates China's leading search engine, said Thursday its quarterly profit edged down 0.4 per cent as it spent heavily to promote mobile services amid an industrywide scramble to keep up with users who increasingly surf the Web on smartphones. Baidu earned 2.8 billion yuan ($459.9 million) in the three months ending Dec. 31, the Beijing-based company announced. Revenue rose 50.3 per cent compared with a year earlier to 9.5 billion yuan ($1.6 billion).

Baidu prepared to grow through further acquisitions in 2014: CEO

BEIJING (Reuters) - Baidu Inc is prepared to grow by making further acquisitions in 2014, Chief Executive Robin Li said on Thursday after the Chinese Internet company reported its fourth quarter earnings. Baidu's aggressive strategy to gain ground on competitors such as Tencent Holdings Ltd and Alibaba Group Holding Ltd has spurred a buying spree. It bought the 91 Wireless app store in August for $1.9 billion and group-buying site Nuomi last month.

Baidu scrambles to monetize its mobile real estate

By Paul Carsten BEIJING (Reuters) - China's Baidu Inc knows where you are, where you're going and when you want dumplings, guiding you from web page to restaurant when you use its search engine. Now the biggest Chinese technology company traded in the United States needs to figure out how to make money when you use its mobile Internet services, a game it admits it came too late.

China's Baidu paints New Year travel map from mobiles

Pale blue, fibre-optic-like lines linking dots in an outline of China emerging from darkness -- technology giant Baidu has launched an astronomical chart-style image of the country's New Year travels. The chart, tracking the mobile phone data of travellers using Baidu's map service, is a visual representation of the world's largest annual human migration and is available at qianxi.baidu.com.

VisionChina signs advertising pact with Baidu unit, shares jump

(Reuters) - Shares of Chinese outdoor digital advertising company VisionChina Media Inc jumped 52 percent after the company said it signed a deal to promote Baidu Inc's online gaming unit in China. VisionChina said it would be the exclusive digital mobile television advertising partner for Baidu Games and provide brand promotion in buses and subways in 2014. The company said it reaches bus networks in 88 cities in China and subway networks in 14 cities.

Chinese-made Japanese input system banned in government agencies

The Japanese government alerted all its agencies on Thursday not to prepare confidential documents with Chinese Internet company Baidu's Japanese language input application following reports that the application is sending all keystroke information and user identifications to Baidu servers in Japan without consent. "We acknowledge the risk," Chief Cabinet Secretary Yoshihide Suga said at a press conference. "We will make efforts to secure information security at government agencies as it is an important issue for national crisis management."

Baidu profit edges up 1.3 per cent on higher costs for building mobile business

BEIJING, China - Baidu Inc., which operates China's most popular search engine, said Wednesday quarterly profit rose 1.3 per cent as it invested to expand its fledgling mobile business. The Beijing-based company earned 3 billion ($498 million) in the three months ended Sept. 30. Revenue rose 42.3 per cent to 8.9 billion yuan ($1.4 billion) but sales and administrative costs more than doubled, due mostly to mobile-related expenses. Development costs rose 77.5 per cent.
Syndicate content