The History of BaiduComments Off
The History of Baidu
Baidu is now the 6th website in the world and the 1st one in China according to Alexa. This is thirteen years after its creation. In China the market share of Baidu is around 80% so we can say that there is a clear domination of Baidu in the country with the biggest number of Internet users (570 millions in the beginning of 2013).
Its creator Robin Li, is the 4th chinese billionaire. According to him, his search engine answers more answers and requests than all the other ones.
Creation of the company
In 1996, Li created the RankDex, a technology similar to the PageRank of Google. According to him, the process was invented before PageRank and Google copied it.
Then after this story, Robin Li raised 1,2 millions dollars and founded Baidu in Beijing in 2000. For him, it was strategic to be based in Beijing contrary to Hong Kong.
At the beginning, Baidu was just integrated into websites like Sohu or Sina. But in 2001, Li decided to make the big launch for everybody, Baidu.com was born. In 2004, he raised again $25 millions and succeeds to have the profitability threshold.
Then the investors of Baidu, thought that it could be great to sell the company to major American companies like Microsoft, Google or Yahoo. Instead of that, Robin Li insisted to make an IPO in New York into the Nasdaq. It was a huge success because the company was then valuated at more than $4 billions.
The situation of Baidu nowadays and the future
It’s been 8 years that Baidu was created. In China, we can say that it’s a real success because as we said earlier, the market share of Baidu is around 80%. The value of the company is also huge : $40 millions mainly thanks to the Baidu SEO and SEM strategy. The competitors are down. There was an initiative of the government to develop a search engine with Xinhua a press agency and China Mobile but for now we don’t hear a lot about that.
For the future, Baidu wants to go international. But it will be really hard because of the competition of Google worldwide and because Baidu has still a service of pirate music.
Baidu open up the iPhone input method- SDK For iOS APP developerComments Off
Baidu has announced that they will be free to provide Baidu iPhone input method-SDK for iOS APP developer (Software Development Kit), the developer can be ’embedded’ input in types of APP, so that users under normal circumstance use Baidu input in some relevant application.
As the iPhone is not open permission of input method, user need to ’Jail Break’ if they use third-party input method. Once the user who are not going to ’Jail Break’ or familiar with operation, then the choice of input method is limited, only Apple-approved. Input Method ‘embedded’, when text goes into the input state, it will start the associated applications.
Sogou (a kind of search engine in China, http://www.sogou.com/) had also been announced to open implantable input method SDK for iOS APP developer.
According to related reports, Baidu Search App iPhone version has been released recently. The relevant responsible person of Baidu mobile phone input method said:”This is just beginning”, “In fact, before we announced, there are many developers to contact and seek cooperation. At present, we are starting to co-operation with many well-known application providers, and we expect that there will be more ‘embedded’ input method applications on-line in the future. ”
China Mobile Challenges Baidu(0)
China Mobile?s revenue will rise 7 percent to 484 billion yuan ($72 billion) this year, according to the average of 29 analyst estimates compiled by Bloomberg. That would be the slowest increase since the company?s 1997 Hong Kong listing and the analysts estimate growth to keep decelerating through 2012.
Source : Konaxis
Baidu Purchases Boost Search(0)
As the company grows, it aims to add ?meaningful revenue? outside China in the next five to 15 years, Li said, without providing a target for international sales.
Li didn?t indicate how much the company would invest in acquisitions, or provide a timeframe for making any purchases.
Baidu?s cost of continuing to comply with domestic self-censorship laws is giving Google a competitive advantage in the market, Baidu?s Li said in an interview in Beijing earlier Thursday.
Source : Konaxis
China Baidu 2Q Profit(0)
Baidu earned 837.4 million yuan ($123.5 million), or 2.40 yuan (35 cents) per share, up from 383.3 million yuan, or 1.10 yuan per share, a year earlier. Excluding stock options expenses, Baidu earned 36 cents per share.
Revenue rose 74 percent to 1.91 billion yuan ($282.3 million), the Beijing-based company said.
The company had about 254,000 active online marketing customers during the quarter, up 25 percent from a year earlier.
Baidu had about 64 percent of China’s search market in the first quarter of this year, up from 58.4 percent the previous quarter, according to research Analysys International.
Industry analysts expect Baidu to benefit from Google Inc.’s decision to close its China search engine in a dispute over Beijing’s Internet censorship, requiring users to go to its Hong Kong site. Analysys said Google’s share of advertising slid from 35.6 percent to 31 percent in the first quarter but it said there was no significant decline in search traffic and revenue appeared stable.
For the current quarter, Baidu forecast revenue in the range of 2.2 billion yuan ($324.4 million) to 2.26 billion yuan ($333.3 million), an increase of 72 percent to 77 percent from a year earlier.
Source : Konaxis
Google search engine is suspected of malicious promotion; monitoring needs to be strengthened(0)
July 13, shoes e-commerce site – Le Tao CEO told reporters that as Google search was suspected of infringing Le Tao’s rights, it had sued the latter to court, and Beijing’s Haidian District Court had accepted the case which was expected to be on trial on July 15.
Early in May this year, as Le Tao staff accidentally entered in the Google “Le Tao”, the sponsored links under search box was “to buy sports shoes, Le Tao is not as good as xxx”. Le Tao believed that Google China sold “Le Tao” as keywords to competitors, resulting in the public saw the above bad words used by competitors when searching in Google.
Lawyer of Beijing Tian law firm said: Google’s sale of Le Tao to their competitors in search engine which has a great influence on public was against the Le Tao’s reputation and economic interests.
Bi Sheng further said that from early May to the last exchange of evidences, Google showed distinct five faces, which intended to impute and appease, “After Le Tao staff discovered bad words, they called Google, but was told legal affairs was on leave -it was the first face; after filing in court, this was still not addressed, the staff answered the phone in bad attitude – this was the second face; a few days later, followed quickly by additional legal letters from Le Tao, the result was still not addressed – this was the third faces; after receiving a court summons, Google attitudes was reversed – this was the fourth face; in exchange of evidences, the attitude changed once again, Google denied its acts – this was the fifth face. “
Similarly, another search company Baidu also encountered trouble because of online promotion. On July 8, at the Ministry of Public Security press conference, Deputy Secretary Ministry of Public Security Network Security Protection Agency, Gu Jian, said Baidu Guangzhou Branch Staff provided marketing services for the gambling website “777 live entertainment field” and gained 600,000 yuan of illegal profits.
Lekutian Baidu Rakuten joint venture will hold massive merchants recruitment(0)
According to lekutian webpage, recruitment started from July 29, and last until August 24. Lekutian web will be officially launched on June 9 this year, and accept the general registration from general merchants. Lekutian official said, the online business registration and telephone recruitment are proceeding smoothly.
Japnese Rakuten was established in 1997 which is the pioneer and leader of global e-commerce B2B2C model. With Baidu Rakuten launched lekutian targeting to be super big Chinese online shopping mall. According to the investment handbook, businesses in cigarettes amd liquor are not allowed to register currently.
Data show that China’s online shopping market is in rapid growth in recent years, and transactions in 2009 amounted to 250 billion yuan, with a growth rate of 93.7%. Experts predict the field is expected to exceed 1 trillion yuan in 2013, and number of users who shop online will reach 66% same as the rate in developed countries.
Earlier on May 10, Alibaba Chairman Jack Ma, Masayoshi, chairman of SOFTBANK Group announced cooperation with Yahoo Japan, fully opened the platform of China and Japan online shopping.
Google May End China Search(0)
China has the world’s largest Internet population. Google holds about 35 percent of the country’s search market, compared with about 60 percent for Baidu, so Google’s exit would be a big boost to the company.
Reports surfaced over the weekend that Mountain View, Calif.-based Google was close to shutting down its China search engine after negotiations over censorship stalled. Google wouldn’t comment.
Google had said January it would stop complying with China’s censorship rules after it discovered hackers had tricked human-rights activists into exposing their e-mail accounts.
On Friday, China’s top Internet regulator said Google must obey the country’s laws or “pay the consequences.”
Source : Konaxis
Qi Yi finalized Office Location: up to 108 recruits(0)
This morning, Qi Yi organized a small in- house opening ceremony, Gong Yu, CEO cut the ribbon for the new office , Gong Yu said Qi Yi Network staff number reached 108.
At the ceremony, Gong Yu said that the Qi Yi Site preparations were proceeding well, 108 people were recruited, opening entered a countdown state, and all departments had begun office in Ou Mei Hui Building.
Gong Yu also disclosed plans in the near future there would be web site on-line internal test, and if currently logged qiyi.com home, the progress bar will show the progress of the construction of Qi Yi Web site is 71%, and the site is expected by the end of March before officially launched.
Gong Yu, said during an interview earlier with Sina, Qi Yi provided video platform for primarily long movies and television-based videos content, adhering to genuine, high-definition model of development, and in future will be listed in stock separately.
Not long ago, Baidu’s announced an agreement with the U.S. private equity firms Providence Equity Partners, that Providence Equity Partners would invest 5 million dollars into Baidu’s video site Qi Yi. After the injection was completed, Baidu would continue to hold a controlling share of video company.
Baidu independent online video company was named Qi Yi and get online in March(0)
It is learned that when Qi Yi officially gets online, it will take www.qiyi.com domain name. Official logo includes Chinese-language brand name and English domain names. Qi Yi’s CEO Gong Yu said the video platform primarily provides the long videos like movies and television and with a model of high definition and copyrighted contents,and will consider to be listed in stock market in the future independently.
Recently there have been news Baidu video has recruited from other online video companies some technical staff, sales and marketing personnel. At the same time it had settled down with some of the copyrights side of the film purchase agreement, about to sign the contract. According to Baidu video company personnel earlier that staff size would reach 350 by the end of 2010 .
It is reported that Baidu Baidu’s video website is a joint venture with Providence, a U.S. investors, while Baidu is in holding, and the newly appointed CEO Gong Yu shares.