Baidu Inc. is convinced it’s put the worst of a government-driven internet advertising crackdown behind it after posting quarterly revenue that beat estimates. Sales fell a less-than-projected 2.6 percent in the fourth quarter after China’s biggest search engine raised registration requirements for marketers and cut the number of ads it displays alongside results.
Category: Baidu
Baidu Needs to Speed Up the Future After That Uber Boost: Gadfly
If it weren’t for the CEO of Uber Technologies Inc. being pragmatic about his China business and selling to Didi Chuxing last year, Baidu wouldn’t have been able to swap its shares in Uber China for those of the nation’s dominant ride-hailing provider. That three-way trade and other income reaped 1.796 billion yuan for the search-engine giant in the fourth quarter and was the primary reason for Baidu beating earnings estimates.
Baidu’s Sales Tops Estimates as It Pushes New Businesses
Baidu Inc. posted quarterly results that topped analysts’ estimates, as China’s biggest search engine pushes into new businesses such as news aggregation to overcome government restrictions on web advertising. Revenue for the fourth quarter came to 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
Baidu’s Quarterly Revenue Tops Estimates on New Business Push
Baidu Inc. posted quarterly revenue that topped analysts’ estimates as it pushes into new businesses such as news aggregation to overcome government restrictions on web advertising at China’s biggest search engine. Revenue for the fourth quarter was 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
Baidu’s Quarterly Revenue Tops Estimates on New Business Push
Baidu Inc. posted quarterly revenue that topped analysts’ estimates as it pushes into new businesses such as news aggregation to overcome government restrictions on web advertising at China’s biggest search engine. Revenue for the fourth quarter was 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
Chinese Streaming Giant iQiyi Raises $1.5B
The cash infusion will boost the Netflix-like streaming service in its ongoing battle for market share against Tencent and Alibaba. iQiyi, the Netflix-like streaming video subsidiary of Chinese search giant Baidu, has raised $1.53 billion in new funds to fuel its investments in original content and compete with rivals.
Why 2017 Could Be This Stock’s Best Year Yet
Investing in winning stocks is equal parts art and science. Making the endeavor harder is that finding stocks primed for a move higher often involves seeing something the rest of the market is missing.
Why Self-Driving Cars Will Be Baidus Next Big Opportunity
Morgan Stanley analysts recently said that Baidu won’t be delivering much upside this year as its growth will be restricted by tight advertising laws in China. Also, as the likes of Tencent Holdings raise their content game by investing in online video, Baidu will find it difficult to boost revenue.
Six-Hour Meeting of Chinese Tycoons Eases LeEco Cash Crunch
It took Jia Yueting just over six hours in December to snag $2.2 billion from a Chinese real estate mogul to keep LeEco afloat. In so doing, the entrepreneur secured a vital financial and strategic ally as he prepares to do battle with the likes of Tencent Holdings Ltd. and Tesla Inc. Jia’s LeEco, the sprawling conglomerate with interests ranging from electric cars and TVs to entertainment, announced Friday its cash crunch was almost over after winning 16.8 billion yuan in strategic investments, mostly from Sun Hongbin’s Sunac China Holdings Ltd. Jia declared he’ll now use the money to “far surpass” China’s three biggest internet companies: Baidu Inc., Alibaba Group Holding Ltd. and Tencent.
Baidu Joins BAIC as China Pushes for Homegrown Driverless Cars
Baidu Inc. and state-owned Beijing Automotive Group Co.’ s collaboration on telematics and autonomous driving is almost ready for its coming-out moment, as industry and government join hands to push for self-driving vehicles within China.
China’s Sogou Targets $5 Billion IPO to Chase Rival Baidu
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the mobile market. Sogou, whose name means “search dog,” plans to sell about 10 percent of its shares in an IPO that will probably be held this year, Chief Executive Officer Wang Xiaochuan said in an interview.