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Marktbericht: Da ist der Ausbruch: China-Aktien zünden nächste Rallye-Stufe!Werte aus der Branche Internet
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,6800 | +18,31 | |
| 20,200 | +12,85 | |
| 2,9200 | +12,31 | |
| 0,6050 | +12,04 | |
| 0,8820 | +10,94 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,5300 | -8,73 | |
| 28,26 | -9,57 | |
| 10,870 | -10,61 | |
| 2,7500 | -15,95 | |
| 1,2400 | -51,56 |
Feedback
China's Baidu to invest 5 billion yuan in browser business, says report
Lisa Tsai, Taipei; Adam Hwang, DIGITIMES [Friday 2 July 2010]
China's online search web portal Baidu plans to invest five billion yuan (US$735 million) over the next three years to develop browser business, according to China-based a report on cnsoftnews.com.
Baidu may acquire China-based companies engaged in R&D of browser software, such as Maxthon Browser, the report said.
Lisa Tsai, Taipei; Adam Hwang, DIGITIMES [Friday 2 July 2010]
China's online search web portal Baidu plans to invest five billion yuan (US$735 million) over the next three years to develop browser business, according to China-based a report on cnsoftnews.com.
Baidu may acquire China-based companies engaged in R&D of browser software, such as Maxthon Browser, the report said.
11:15 Uhr
Baidu: Aktie vor Absturz
Martin Weiß
Baidu bleibt eines der besten Internetunternehmen in China - und eines der am höchsten bewerteten. Bislang hielten die Bullen der Aktie die Treue, aber nach dem Bruch des Aufwärtstrends sind die Bären am Drücker. Mit dem richtigen Put-Optionsschein können Anleger jetzt auf den Absturz spekulieren. Und zweistellige Gewinne einfahren.
Um es vorweg zu nehmen: DER AKTIONÄR hält Baidu unter langfrisitigen Aspekten für eines der aussichtsreichsten Investments in China. Die mit Abstand größte Suchmaschine in der Volksrepublik hält sich seit Jahren die Konkurrenten vom Leib (zugegebenermaßen mit Hilfe der Regierung) und wächst rasant. Bis Ende Juni glänzte die Aktie zudem mit relativer Stärke, der Aufwärtstrend schien allen Turbulenzen an den internationalen Börsen trotzen zu können. Seit wenigen Tagen hat sich das Setup aber komplett geändert.
Zeit für den Seitenwechsel
Eine erste Short-Empfehlung auf Baidu am 9. Juni ist, salopp ausgedrückt, gründlich in die Hose gegangen. Zwar wurde der Aufwärtstrend wie erwartet nach unten gebrochen, jedoch stellte sich das Ganze letztlich als Fehlsignal heraus. Der empfohlene Put-Optionsschein (CG8 YBL) wurde bei 0,45 Euro mit einem Verlust von 21 Prozent ausgestoppt. Zumindest hielt sich der Verlust in Grenzen.
Die Argumentation für die Positionierung auf der Short-Seite hier noch einmal zusammengefasst: "Trotz dieser Aussichten ist Baidu nach der Kursrallye der letzten Monate generös bewertet: Das KGV auf Basis der für 2010 erwarteten Gewinne beträgt 57, das für 2011 noch immer 37. Zum Vergleich: Google ist mit KGVs von 17 und 15 geradezu ein Schnäppchen. Die Volatilität in dem Titel hat zuletzt kräftig zugenommen, ein Zeichen, dass die Anleger nervös werden.
In den vergangenen Tagen hat Baidu in einem uneinheitlichen Marktumfeld überraschend stark Federn gelassen, der Abwärtstrend wurde endgültig gebrochen. Die sich anschließende Erholung fiel deutlich schwächer aus, als bei den vorausgegangenen Korrekturen, aktuell notiert die Aktie bei 67,55 Dollar in der Nähe des Break-Tiefs.
Fazit: Aufwärtstrend gebrochen, schwache Erholung und die fundamental hohe Bewertung der Titel sprechen eher für eine Fortsetzung des Trends, als für eine Trendwende. Risikofreudige Anleger probieren es noch einmal mit dem Citi-Put mit Laufzeit bis September und einem Basispreis von 65 Dollar. Setzt sich die Korrektur fort, könnte Baidu schnell bis in den Bereich um 60 Dollar einbrechen. Für diesen Fall verspricht der OS Kursgewinne von bis zu 50 Prozent.
Baidu: Aktie vor Absturz
Martin Weiß
Baidu bleibt eines der besten Internetunternehmen in China - und eines der am höchsten bewerteten. Bislang hielten die Bullen der Aktie die Treue, aber nach dem Bruch des Aufwärtstrends sind die Bären am Drücker. Mit dem richtigen Put-Optionsschein können Anleger jetzt auf den Absturz spekulieren. Und zweistellige Gewinne einfahren.
Um es vorweg zu nehmen: DER AKTIONÄR hält Baidu unter langfrisitigen Aspekten für eines der aussichtsreichsten Investments in China. Die mit Abstand größte Suchmaschine in der Volksrepublik hält sich seit Jahren die Konkurrenten vom Leib (zugegebenermaßen mit Hilfe der Regierung) und wächst rasant. Bis Ende Juni glänzte die Aktie zudem mit relativer Stärke, der Aufwärtstrend schien allen Turbulenzen an den internationalen Börsen trotzen zu können. Seit wenigen Tagen hat sich das Setup aber komplett geändert.
Zeit für den Seitenwechsel
Eine erste Short-Empfehlung auf Baidu am 9. Juni ist, salopp ausgedrückt, gründlich in die Hose gegangen. Zwar wurde der Aufwärtstrend wie erwartet nach unten gebrochen, jedoch stellte sich das Ganze letztlich als Fehlsignal heraus. Der empfohlene Put-Optionsschein (CG8 YBL) wurde bei 0,45 Euro mit einem Verlust von 21 Prozent ausgestoppt. Zumindest hielt sich der Verlust in Grenzen.
Die Argumentation für die Positionierung auf der Short-Seite hier noch einmal zusammengefasst: "Trotz dieser Aussichten ist Baidu nach der Kursrallye der letzten Monate generös bewertet: Das KGV auf Basis der für 2010 erwarteten Gewinne beträgt 57, das für 2011 noch immer 37. Zum Vergleich: Google ist mit KGVs von 17 und 15 geradezu ein Schnäppchen. Die Volatilität in dem Titel hat zuletzt kräftig zugenommen, ein Zeichen, dass die Anleger nervös werden.
In den vergangenen Tagen hat Baidu in einem uneinheitlichen Marktumfeld überraschend stark Federn gelassen, der Abwärtstrend wurde endgültig gebrochen. Die sich anschließende Erholung fiel deutlich schwächer aus, als bei den vorausgegangenen Korrekturen, aktuell notiert die Aktie bei 67,55 Dollar in der Nähe des Break-Tiefs.
Fazit: Aufwärtstrend gebrochen, schwache Erholung und die fundamental hohe Bewertung der Titel sprechen eher für eine Fortsetzung des Trends, als für eine Trendwende. Risikofreudige Anleger probieren es noch einmal mit dem Citi-Put mit Laufzeit bis September und einem Basispreis von 65 Dollar. Setzt sich die Korrektur fort, könnte Baidu schnell bis in den Bereich um 60 Dollar einbrechen. Für diesen Fall verspricht der OS Kursgewinne von bis zu 50 Prozent.
Bloomberg
Baidu Emerges as Winner After Google Ends Conflict With China
July 11, 2010, 4:15 PM EDT
By Mark Lee and Brian Womack
July 12 (Bloomberg) -- After winning permission from China’s government to continue to operate in the country, Google Inc. must now fight for relevance as Baidu Inc. extends its dominance in the world’s largest internet market.
Uncertainty over whether Google would be forced out of China, prompted some advertisers to switch to Beijing-based Baidu. Google had its license renewed last week after it stopped automatically sending Chinese users offshore.
“There is a big gap between Baidu and Google, and that gap has got bigger,” said Vincent Kobler, managing director of Emporio Leo Burnett, a Shanghai advertising agency that specializes in online marketing. “It’s going to be tough for Google, even with the renewed license, to gain market share.”
Google’s market share in China fell to 30.9 percent in the first quarter from 35.6 percent three months earlier, according to data from research firm Analysys International. Baidu’s share increased to a record 64 percent from 58.4 percent, according to Analysys.
“It won’t be easy for Google because its service has been diminished in the past few months,” said Jake Li, an Internet analyst at Guotai Junan Securities in Shenzhen. “Baidu is likely to stay ahead.”
Extra Step
Last month, to remain in compliance with China’s laws while also ending self-censorship, Google added an extra step for Chinese Web surfers, directing them to a landing page that in turn pointed them to the Hong Kong site. It then submitted a revised application to renew its license.
Adding another complication for Chinese Web surfers will cost Google, Gene Munster, an analyst at Piper Jaffray Cos., said in a July 9 research note. Every extra step added to the search process will lose users, he said.
Google always seeks to improve the quality of its service to users, spokeswoman Marsha Wang said. She declined to comment on the company’s sales and market share in China.
“Our position has always been the uncertainties surrounding Google have had no more than a marginal impact on our revenue, and I don’t see any reason why this changes things,” said Kaiser Kuo, Baidu’s spokesman in Beijing.
Google rose 2.4 percent to $467.49 on the Nasdaq Stock Market on July 9. The shares declined 25 percent this year, compared to a 73 percent gain by Baidu’s stock.
Largest Market
China had 384 million Internet users at the end of 2009, the government estimates, more than the U.S. population. That may grow to 840 million by 2013, according to EMarketer Inc.
Google began redirecting users in China to an unfiltered site in Hong Kong in March, a practice the country’s government disapproved of. The U.S. company, based in Mountain View, California, said in January it would no longer comply with Chinese government requirements that websites self-censor content.
Baidu in April said it benefited from Google’s “semi- exit.” The Chinese company expects “healthy” growth in customers and average spending by clients will continue, Baidu CEO Robin Li said in a conference call in April.
“Baidu is willing to do whatever the government wants, to play by the rules. That’s to Baidu’s benefit,” said Jason Helfstein, an analyst at Oppenheimer & Co. in New York. “Google is trying to do things that they think are the right thing to do, even if it has negative business implications, naturally that has been shareholders’ gripe.”
Lost Partnerships
Ending self-censorship also cost Google partnerships with mobile phone service provider China Unicom (Hong Kong) Ltd. and Web portal Tom Online Inc.
Google had said in January it would stop censoring content and threatened to exit the Chinese market after cyber attacks originating from the nation targeted its systems.
The “highly sophisticated” attacks were aimed at obtaining proprietary information and personal data belonging to human-rights activists who use the company’s Gmail e-mail service, it said.
Bank of America Corp.’s Merrill Lynch estimated in April Google would generate $160 million in sales this year from China. That’s less than 1 percent of the company’s projected revenue this year, according to the average of 29 analyst estimates compiled by Bloomberg. It earned sales of about $335 million from China in 2009, according to Analysys.
Since it began redirecting Chinese users, Google’s search results have been screened by China’s so-called Great Firewall, a government monitoring system that blocks overseas services such as Facebook Inc. and Google’s YouTube.
The firewall limits Chinese Web users’ access to information on topics ranging from Tibet’s independence movement to the 1989 crackdown on protesters in Tiananmen Square.
“Until Google develops a deeper understanding with regulators in China, Google’s China business remains at risk,” said Sandeep Aggarwal, an analyst at Caris & Co. in San Francisco.
Baidu Emerges as Winner After Google Ends Conflict With China
July 11, 2010, 4:15 PM EDT
By Mark Lee and Brian Womack
July 12 (Bloomberg) -- After winning permission from China’s government to continue to operate in the country, Google Inc. must now fight for relevance as Baidu Inc. extends its dominance in the world’s largest internet market.
Uncertainty over whether Google would be forced out of China, prompted some advertisers to switch to Beijing-based Baidu. Google had its license renewed last week after it stopped automatically sending Chinese users offshore.
“There is a big gap between Baidu and Google, and that gap has got bigger,” said Vincent Kobler, managing director of Emporio Leo Burnett, a Shanghai advertising agency that specializes in online marketing. “It’s going to be tough for Google, even with the renewed license, to gain market share.”
Google’s market share in China fell to 30.9 percent in the first quarter from 35.6 percent three months earlier, according to data from research firm Analysys International. Baidu’s share increased to a record 64 percent from 58.4 percent, according to Analysys.
“It won’t be easy for Google because its service has been diminished in the past few months,” said Jake Li, an Internet analyst at Guotai Junan Securities in Shenzhen. “Baidu is likely to stay ahead.”
Extra Step
Last month, to remain in compliance with China’s laws while also ending self-censorship, Google added an extra step for Chinese Web surfers, directing them to a landing page that in turn pointed them to the Hong Kong site. It then submitted a revised application to renew its license.
Adding another complication for Chinese Web surfers will cost Google, Gene Munster, an analyst at Piper Jaffray Cos., said in a July 9 research note. Every extra step added to the search process will lose users, he said.
Google always seeks to improve the quality of its service to users, spokeswoman Marsha Wang said. She declined to comment on the company’s sales and market share in China.
“Our position has always been the uncertainties surrounding Google have had no more than a marginal impact on our revenue, and I don’t see any reason why this changes things,” said Kaiser Kuo, Baidu’s spokesman in Beijing.
Google rose 2.4 percent to $467.49 on the Nasdaq Stock Market on July 9. The shares declined 25 percent this year, compared to a 73 percent gain by Baidu’s stock.
Largest Market
China had 384 million Internet users at the end of 2009, the government estimates, more than the U.S. population. That may grow to 840 million by 2013, according to EMarketer Inc.
Google began redirecting users in China to an unfiltered site in Hong Kong in March, a practice the country’s government disapproved of. The U.S. company, based in Mountain View, California, said in January it would no longer comply with Chinese government requirements that websites self-censor content.
Baidu in April said it benefited from Google’s “semi- exit.” The Chinese company expects “healthy” growth in customers and average spending by clients will continue, Baidu CEO Robin Li said in a conference call in April.
“Baidu is willing to do whatever the government wants, to play by the rules. That’s to Baidu’s benefit,” said Jason Helfstein, an analyst at Oppenheimer & Co. in New York. “Google is trying to do things that they think are the right thing to do, even if it has negative business implications, naturally that has been shareholders’ gripe.”
Lost Partnerships
Ending self-censorship also cost Google partnerships with mobile phone service provider China Unicom (Hong Kong) Ltd. and Web portal Tom Online Inc.
Google had said in January it would stop censoring content and threatened to exit the Chinese market after cyber attacks originating from the nation targeted its systems.
The “highly sophisticated” attacks were aimed at obtaining proprietary information and personal data belonging to human-rights activists who use the company’s Gmail e-mail service, it said.
Bank of America Corp.’s Merrill Lynch estimated in April Google would generate $160 million in sales this year from China. That’s less than 1 percent of the company’s projected revenue this year, according to the average of 29 analyst estimates compiled by Bloomberg. It earned sales of about $335 million from China in 2009, according to Analysys.
Since it began redirecting Chinese users, Google’s search results have been screened by China’s so-called Great Firewall, a government monitoring system that blocks overseas services such as Facebook Inc. and Google’s YouTube.
The firewall limits Chinese Web users’ access to information on topics ranging from Tibet’s independence movement to the 1989 crackdown on protesters in Tiananmen Square.
“Until Google develops a deeper understanding with regulators in China, Google’s China business remains at risk,” said Sandeep Aggarwal, an analyst at Caris & Co. in San Francisco.
Trotz neuer Lizenz hat Google in China zu kämpfen
12.07.2010
Google steht auch nach der Erteilung der Lizenz für seine Geschäfte in China vor großen Herausforderungen.
Der amerikanische Suchmaschinengigant hat im Zuge der Streitigkeiten mit der chinesischen Regierung an Boden gegenüber Marktführer Baidu verloren. Wegen der drohenden Schließung der Google-Dienste sind Anzeigenkunden vermehrt zum chinesischen Konkurrenten abgewandert, berichtete die Finanznachrichtenagentur Bloomberg am Sonntag in San Francisco.
"Es wird nicht einfach für Google werden, weil der Marktanteil in den vergangenen Monaten weiter zurückging", sagte Jake Li, ein Internet-Analyst aus dem chinesischen Shenzen. "Baidu wird wahrscheinlich weiter vorne bleiben." Am Freitag hatte Google die Erneuerung seiner Lizenz für das Betreiben seiner Suchmaschine in China von der Regierung erhalten. Die Erlaubnis muss allerdings jedes Jahr erneuert werden.
Um die Auflagen der chinesischen Regierung zu erfüllen, hatte Google zuletzt die automatische Umleitung seiner Suchseite auf die unzensierten Google-Server in Hongkong aufgehoben und den Zugang durch einen Link ersetzt, den Nutzer anklicken können. Diese Umleitung dürfte nach Einschätzung von Gene Munster, Analyst bei der Investmentbank Piper Jaffray, Google weiter schaden. Jeder Schritt, der bei der Internet-Suche nun dazu komme, werde Nutzer kosten, so Munster.
Im Juni verzeichnete Google nach Angaben der Marktforscher von StatCounter mit einem Marktanteil von 33 Prozent in China ein neues Rekordtief. Baidu lag mit 65 Prozent weit in Führung. Für den Juli ermittelten die Internet-Beobachter nur eine leichte Annäherung: Google rangiert bei 35 Prozent Marktanteil, Baidu verlor geringfügig auf 64 Prozent. (dpa/tc)
12.07.2010
Google steht auch nach der Erteilung der Lizenz für seine Geschäfte in China vor großen Herausforderungen.
Der amerikanische Suchmaschinengigant hat im Zuge der Streitigkeiten mit der chinesischen Regierung an Boden gegenüber Marktführer Baidu verloren. Wegen der drohenden Schließung der Google-Dienste sind Anzeigenkunden vermehrt zum chinesischen Konkurrenten abgewandert, berichtete die Finanznachrichtenagentur Bloomberg am Sonntag in San Francisco.
"Es wird nicht einfach für Google werden, weil der Marktanteil in den vergangenen Monaten weiter zurückging", sagte Jake Li, ein Internet-Analyst aus dem chinesischen Shenzen. "Baidu wird wahrscheinlich weiter vorne bleiben." Am Freitag hatte Google die Erneuerung seiner Lizenz für das Betreiben seiner Suchmaschine in China von der Regierung erhalten. Die Erlaubnis muss allerdings jedes Jahr erneuert werden.
Um die Auflagen der chinesischen Regierung zu erfüllen, hatte Google zuletzt die automatische Umleitung seiner Suchseite auf die unzensierten Google-Server in Hongkong aufgehoben und den Zugang durch einen Link ersetzt, den Nutzer anklicken können. Diese Umleitung dürfte nach Einschätzung von Gene Munster, Analyst bei der Investmentbank Piper Jaffray, Google weiter schaden. Jeder Schritt, der bei der Internet-Suche nun dazu komme, werde Nutzer kosten, so Munster.
Im Juni verzeichnete Google nach Angaben der Marktforscher von StatCounter mit einem Marktanteil von 33 Prozent in China ein neues Rekordtief. Baidu lag mit 65 Prozent weit in Führung. Für den Juli ermittelten die Internet-Beobachter nur eine leichte Annäherung: Google rangiert bei 35 Prozent Marktanteil, Baidu verlor geringfügig auf 64 Prozent. (dpa/tc)
Die E/PS-Vorgabe für das 2. Quartal lautet: 0,30 US-$. Ich bin gespannt, ob das zu
schaffen ist. Immerhin eine Erhöhung von 50% gegenüber dem 1. Quartal.
Eine geringfügige Verfehlung - und Baidu wird sicher böse abgestraft.
Hier nochmal die vorangegangenen Ergebnisse:
Archived Results
Earnings Calendar
Date Fiscal
End Fiscal
Qtr Time Actual FC Yr-ago Rev.
Yr-Yr Rev. $
mln Yr-ago $
14-Feb-07 200612 4 After 0.48 0.36 0.09 143.4 % 14.3
31-Oct-06 200609 3 After 0.37 0.27 0.07 170.1 % 11.22
26-Jul-06 200606 2 After 0.25 0.21 n/a
09-May-06 200603 1 After 0.16 0.12 n/a 1590.0 % 1
21-Feb-06 200512 4 After 0.13 0.08 n/a 167.9 % 5.3
26-Oct-05 200509 3 After 0.03 0.06 n/a
schaffen ist. Immerhin eine Erhöhung von 50% gegenüber dem 1. Quartal.
Eine geringfügige Verfehlung - und Baidu wird sicher böse abgestraft.
Hier nochmal die vorangegangenen Ergebnisse:
Archived Results
Earnings Calendar
Date Fiscal
End Fiscal
Qtr Time Actual FC Yr-ago Rev.
Yr-Yr Rev. $
mln Yr-ago $
Date Fisc End Qtr Time Actual FC Yr-ago
28-Apr-10 201003 1 After 2.02 1.50 0.86 59.9 % 118.6
09-Feb-10 200912 4 After 1.80 1.68 1.31 39.8 % 132.11
26-Oct-09 200909 3 After 2.16 1.81 1.47 38.7 % 135.0
23-Jul-09 200906 2 After 1.61 1.44 1.11 37.4 % 117.0
27-Apr-09 200903 1 After 0.86 0.76 0.60 41.5 % 83.8
18-Feb-09 200812 4 After 1.31 1.32 0.87
22-Oct-08 200809 3 After 1.47 1.28 0.72 104.2 % 66.3
23-Jul-08 200806 2 After 1.11 0.98 0.54 124.2 % 52.19
24-Apr-08 200803 1 After 0.60 0.60 0.32 108.4 % 39.3
13-Feb-08 200712 4 After 0.87 0.71 0.45 125.0 % 34.8
25-Oct-07 200709 3 After 0.72 0.70 0.31 118.1 % 30.4
25-Jul-07 200706 2 After 0.54 0.44 0.25 119.6 % 24
26-Apr-07 200703 1 After 0.37 0.36 n/a 111.2 % 16.9
14-Feb-07 200612 4 After 0.48 0.36 0.09 143.4 % 14.3
31-Oct-06 200609 3 After 0.37 0.27 0.07 170.1 % 11.22
26-Jul-06 200606 2 After 0.25 0.21 n/a
09-May-06 200603 1 After 0.16 0.12 n/a 1590.0 % 1
21-Feb-06 200512 4 After 0.13 0.08 n/a 167.9 % 5.3
26-Oct-05 200509 3 After 0.03 0.06 n/a
Trading Spotlight
Antwort auf Beitrag Nr.: 39.814.169 von Karlll am 13.07.10 16:45:41Sorry, das war Murks, daher besser der Link, dann steht alles in der richtigen Spalte:
http://www.briefing.com/GeneralContent/Active/Investor/Ticke…
Gruß Karlll
http://www.briefing.com/GeneralContent/Active/Investor/Ticke…
Gruß Karlll
Baidus und Rakutens B2C Mall geht im Herbst online
Autor: EMFIS.COM | 30.06.2010 | 09:24
Hongkong 30.06.2010 (www.emfis.com) Die Internethandelsplattform von dem chinesischen Suchmaschinengiganten Baidu und dem japanischen Internetauktionshaus Rakuten, B2C Mall soll voraussichtlich ab Herbst diesen Jahres online gehen. Ab 10. August soll mit der internen Testphase begonnen werden.
Verkäufer welche auf B2C aktiv werden wollen haben eine Kaution von 15000 Yuan (2210 USD) zu hinterlegen. Etwas höher als bei Alibabas Taobao Mall welche 10000 Yuan Kaution verlangt. Auch die Service Kosten sollen etwas höher liegen als bei dem Konkurrenten von Alibaba. Als Bezahlformen werden Baidus BaiFuBao, Alibabas Alipay, das Bankkarten Netzwerk von China Unionpay und Kreditkarten zur Verfügung stehen. Rakuten teilte mit, ausserdem bereits mit mit 10 verschiedenen Paketzustelldiensten Kooperationsverträge geschlossen zu haben.
Autor: EMFIS.COM | 30.06.2010 | 09:24
Hongkong 30.06.2010 (www.emfis.com) Die Internethandelsplattform von dem chinesischen Suchmaschinengiganten Baidu und dem japanischen Internetauktionshaus Rakuten, B2C Mall soll voraussichtlich ab Herbst diesen Jahres online gehen. Ab 10. August soll mit der internen Testphase begonnen werden.
Verkäufer welche auf B2C aktiv werden wollen haben eine Kaution von 15000 Yuan (2210 USD) zu hinterlegen. Etwas höher als bei Alibabas Taobao Mall welche 10000 Yuan Kaution verlangt. Auch die Service Kosten sollen etwas höher liegen als bei dem Konkurrenten von Alibaba. Als Bezahlformen werden Baidus BaiFuBao, Alibabas Alipay, das Bankkarten Netzwerk von China Unionpay und Kreditkarten zur Verfügung stehen. Rakuten teilte mit, ausserdem bereits mit mit 10 verschiedenen Paketzustelldiensten Kooperationsverträge geschlossen zu haben.
Und hier der Grund für den heutigen Anstieg:
Baidu Shares Climb to Two-Week High on First Global's `Outperform' Rating
By Boris Korby - Jul 13, 2010
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform” in new coverage.
Baidu climbed 4.4 percent to $73.86 at 1:27 p.m. New York time. Earlier, the shares rose as much as 5.8 percent to $74.80, the highest since June 28. The company has climbed 80 percent this year.
“The expected growth momentum in online advertising, increased penetration of Internet and broadband connectivity, Baidu’s market leadership in Chinese Internet search, and its high return ratios” are all “great positives,” Devina Mehra, First Global chief strategist, wrote in a report today. “Baidu is expected to benefit the most if Google makes an exit from China.”
Google Inc. won the renewal of its Web-service license in China last week, defusing a six-month standoff with the government over censorship.
Baidu’s market share in the first quarter increased to a record 64 percent from 58.4 percent, according to data from research firm Analysys International. Uncertainty over whether Google would be forced out of the world’s largest Internet market prompted some advertisers to switch to Beijing-based Baidu.
First Global said it expects Baidu to generate revenue of $1 billion and earnings per share of $1.11 in 2010, with revenue of $1.6 billion and earnings per share of $1.71 in 2011.
ThinkEquity LLC analyst Aaron Kessler maintained a “buy” rating for Baidu today, without indicating a target price.
To contact the reporter on this story: Boris Korby in New York at Bkorby1@bloomberg.net
Baidu Shares Climb to Two-Week High on First Global's `Outperform' Rating
By Boris Korby - Jul 13, 2010
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform” in new coverage.
Baidu climbed 4.4 percent to $73.86 at 1:27 p.m. New York time. Earlier, the shares rose as much as 5.8 percent to $74.80, the highest since June 28. The company has climbed 80 percent this year.
“The expected growth momentum in online advertising, increased penetration of Internet and broadband connectivity, Baidu’s market leadership in Chinese Internet search, and its high return ratios” are all “great positives,” Devina Mehra, First Global chief strategist, wrote in a report today. “Baidu is expected to benefit the most if Google makes an exit from China.”
Google Inc. won the renewal of its Web-service license in China last week, defusing a six-month standoff with the government over censorship.
Baidu’s market share in the first quarter increased to a record 64 percent from 58.4 percent, according to data from research firm Analysys International. Uncertainty over whether Google would be forced out of the world’s largest Internet market prompted some advertisers to switch to Beijing-based Baidu.
First Global said it expects Baidu to generate revenue of $1 billion and earnings per share of $1.11 in 2010, with revenue of $1.6 billion and earnings per share of $1.71 in 2011.
ThinkEquity LLC analyst Aaron Kessler maintained a “buy” rating for Baidu today, without indicating a target price.
To contact the reporter on this story: Boris Korby in New York at Bkorby1@bloomberg.net
15.07.2010 12:32
Baidu to Report Second Quarter 2010 Financial Results on July 21, 2010
BEIJING, July 15 /PRNewswire-Asia/ -- Baidu, Inc. , the leading Chinese language Internet search provider, today announced that it will report its financial results for the second quarter ended June 30, 2010, after the U.S. market closes on July 21, 2010. Baidu's management will hold an earnings conference call at 8:00 PM on July 21, 2010 U.S. Eastern Time (8:00 AM on July 22, 2010 Beijing/Hong Kong time).
(Logo: http://photos.prnewswire.com/prnh/20081103/BAIDULOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO ) Dial-in details for the earnings conference call are as follows: US: +1.857.350.1676 UK: +44.207.365.8426 Hong Kong: +852.3002.1672 Passcode for all regions: 91851178
A replay of the conference call may be accessed by phone at the following number until July 28, 2010:
International: +1.617.801.6888 Passcode: 25736168
Baidu to Report Second Quarter 2010 Financial Results on July 21, 2010
BEIJING, July 15 /PRNewswire-Asia/ -- Baidu, Inc. , the leading Chinese language Internet search provider, today announced that it will report its financial results for the second quarter ended June 30, 2010, after the U.S. market closes on July 21, 2010. Baidu's management will hold an earnings conference call at 8:00 PM on July 21, 2010 U.S. Eastern Time (8:00 AM on July 22, 2010 Beijing/Hong Kong time).
(Logo: http://photos.prnewswire.com/prnh/20081103/BAIDULOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO ) Dial-in details for the earnings conference call are as follows: US: +1.857.350.1676 UK: +44.207.365.8426 Hong Kong: +852.3002.1672 Passcode for all regions: 91851178
A replay of the conference call may be accessed by phone at the following number until July 28, 2010:
International: +1.617.801.6888 Passcode: 25736168
Booming Demand for TV on the Internet in China
By DAVID BARBOZA
Published: July 18, 2010
SHANGHAI — Internet TV has arrived in China.
Every month, about 300 million people in China are using a computer to watch Chinese TV dramas, Japanese and Korean sitcoms, and even American films and television series like “Twilight” and “Gossip Girl.” Live streaming of the recent World Cup also drew a huge online audience.
Analysts say young people in China are even starting to favor free laptop-viewing over TV sets, in part as a way to make an end run around regulators, who often bar state-run TV networks from broadcasting shows that do not meet the approval of the Communist Party.
It is a momentous shift in viewing habits that has not gone unnoticed by the authorities in Beijing. They are tightening oversight of online video sites and also pushing state-run television networks to form their own Internet TV sites in an effort to retain control over what viewers can watch online.
In addition, the country’s big Web portals and search engines — including Baidu — are scrambling to form competing video sites, many of which plan to license content from the United States and elsewhere.
“Everyone wants to get in on this market now,” says Li Yifei, chairwoman of VivaKi, the digital media division of the advertising giant the Publicis Groupe. “Suddenly there’s a change of attitude because people are watching a lot of online video.”
While Internet TV in the United States is in a nascent state, in China, it is already drawing a huge share of the world’s biggest Internet market, where an estimated 400 million people are on the Web. A market research firm based in Shanghai, iResearch, says advertising on Internet TV and Web video sites is expected to reach $346 million this year, up from $83 million in 2008.
Big video sites like Youku, Tudou, KU6 and PPTV are spending aggressively to license content, produce original programming and buy the bandwidth necessary to store and broadcast content.
On Thursday, when many of the industry’s leaders gathered at the China Digital Media Summit in Shanghai, the future of video Web sites was one of the hottest topics.
A similar discussion is playing out in the United States, where YouTube is searching for ways to make money from traffic on a site largely devoted to user-generated content and where Hulu.com — the free online video hub created by NBC Universal, the News Corporation and Disney — is also trying to grow.
Advertisers are warming to the idea of Internet TV.
“There used to be a joke about the Internet in the advertising community. They said, ‘We’ll advertise when it starts to look like TV,’ ” says Michael Galgon, former global chief advertising strategist at Microsoft. “Well, now it’s starting to look like TV.”
In China, though, Internet TV occupies a unique position largely because it serves as an alternative to what many consider bland state-run programming.
Global media companies like Disney are often restricted from winning television programming slots and are allowed to show only a limited number of films in China. Piracy is rampant in China, and TV viewership among young people is in decline.
That may explain why Internet TV is booming in China. While most early video sites here focused on user-generated content — or amateur videos posted by users — many of those sites have recently evolved by offering licensed content, in-house productions, and loads of pirated films and television series that are uploaded to the sites by users.
For instance, some of America’s most popular shows, including “CSI,” appear on Youku.com and Tudou.com just hours after being broadcast in the United States, usually with Chinese subtitles.
Analysts say they do not know how much of the Internet TV content is pirated, but the fact that many of the sites continue to broadcast pirated television shows and films is a complicating factor. Most executives for the video sites say they are licensing a growing share of content and trying to stop users from uploading pirated content to their sites.
“Through various agents, we have purchased and are going to purchase more copyrighted content from foreign countries,” Victor Koo, the founder and chief executive at Youku, said in an e-mail message. On the issue of pirated foreign movies uploaded by users, he added that the site had been working with the Motion Picture Association of America to improve its monitoring.
But some analysts say illegal content is a major factor driving traffic to Internet TV and video sites and a taboo topic for the industry. Still, the analysts concede that Internet TV and video sites are gradually moving toward more original and licensed content, with some companies competing fiercely to buy popular Chinese and Korean television series.
Anita Huang, a spokeswoman for Tudou, based in Shanghai, says the company is positioning itself as a Chinese version of HBO.
Vincent Tao, chief executive of PPTV, which provides licensed content, said his company was streaming N.B.A. games and producing original TV dramas. “We are going to spend more to acquire foreign content,” he said. “We now have a deal with Warner Brothers.”
Strong challenges from newcomers to Internet TV could create a messy battle over the next few years. For instance, Baidu.com recently formed Qiyi, and if Baidu begins directing most video searches to its own site, that could harm other sites, since Baidu is China’s dominant search engine.
“Advertising agencies really want to transfer their advertising budgets to online video sites, there’s no question about it,” Alan Yan, founder and chief executive at AdChina, said. “But first, the video sites need to solve some of the copyright issues on the content.”
Bao Beibei contributed research.
By DAVID BARBOZA
Published: July 18, 2010
SHANGHAI — Internet TV has arrived in China.
Every month, about 300 million people in China are using a computer to watch Chinese TV dramas, Japanese and Korean sitcoms, and even American films and television series like “Twilight” and “Gossip Girl.” Live streaming of the recent World Cup also drew a huge online audience.
Analysts say young people in China are even starting to favor free laptop-viewing over TV sets, in part as a way to make an end run around regulators, who often bar state-run TV networks from broadcasting shows that do not meet the approval of the Communist Party.
It is a momentous shift in viewing habits that has not gone unnoticed by the authorities in Beijing. They are tightening oversight of online video sites and also pushing state-run television networks to form their own Internet TV sites in an effort to retain control over what viewers can watch online.
In addition, the country’s big Web portals and search engines — including Baidu — are scrambling to form competing video sites, many of which plan to license content from the United States and elsewhere.
“Everyone wants to get in on this market now,” says Li Yifei, chairwoman of VivaKi, the digital media division of the advertising giant the Publicis Groupe. “Suddenly there’s a change of attitude because people are watching a lot of online video.”
While Internet TV in the United States is in a nascent state, in China, it is already drawing a huge share of the world’s biggest Internet market, where an estimated 400 million people are on the Web. A market research firm based in Shanghai, iResearch, says advertising on Internet TV and Web video sites is expected to reach $346 million this year, up from $83 million in 2008.
Big video sites like Youku, Tudou, KU6 and PPTV are spending aggressively to license content, produce original programming and buy the bandwidth necessary to store and broadcast content.
On Thursday, when many of the industry’s leaders gathered at the China Digital Media Summit in Shanghai, the future of video Web sites was one of the hottest topics.
A similar discussion is playing out in the United States, where YouTube is searching for ways to make money from traffic on a site largely devoted to user-generated content and where Hulu.com — the free online video hub created by NBC Universal, the News Corporation and Disney — is also trying to grow.
Advertisers are warming to the idea of Internet TV.
“There used to be a joke about the Internet in the advertising community. They said, ‘We’ll advertise when it starts to look like TV,’ ” says Michael Galgon, former global chief advertising strategist at Microsoft. “Well, now it’s starting to look like TV.”
In China, though, Internet TV occupies a unique position largely because it serves as an alternative to what many consider bland state-run programming.
Global media companies like Disney are often restricted from winning television programming slots and are allowed to show only a limited number of films in China. Piracy is rampant in China, and TV viewership among young people is in decline.
That may explain why Internet TV is booming in China. While most early video sites here focused on user-generated content — or amateur videos posted by users — many of those sites have recently evolved by offering licensed content, in-house productions, and loads of pirated films and television series that are uploaded to the sites by users.
For instance, some of America’s most popular shows, including “CSI,” appear on Youku.com and Tudou.com just hours after being broadcast in the United States, usually with Chinese subtitles.
Analysts say they do not know how much of the Internet TV content is pirated, but the fact that many of the sites continue to broadcast pirated television shows and films is a complicating factor. Most executives for the video sites say they are licensing a growing share of content and trying to stop users from uploading pirated content to their sites.
“Through various agents, we have purchased and are going to purchase more copyrighted content from foreign countries,” Victor Koo, the founder and chief executive at Youku, said in an e-mail message. On the issue of pirated foreign movies uploaded by users, he added that the site had been working with the Motion Picture Association of America to improve its monitoring.
But some analysts say illegal content is a major factor driving traffic to Internet TV and video sites and a taboo topic for the industry. Still, the analysts concede that Internet TV and video sites are gradually moving toward more original and licensed content, with some companies competing fiercely to buy popular Chinese and Korean television series.
Anita Huang, a spokeswoman for Tudou, based in Shanghai, says the company is positioning itself as a Chinese version of HBO.
Vincent Tao, chief executive of PPTV, which provides licensed content, said his company was streaming N.B.A. games and producing original TV dramas. “We are going to spend more to acquire foreign content,” he said. “We now have a deal with Warner Brothers.”
Strong challenges from newcomers to Internet TV could create a messy battle over the next few years. For instance, Baidu.com recently formed Qiyi, and if Baidu begins directing most video searches to its own site, that could harm other sites, since Baidu is China’s dominant search engine.
“Advertising agencies really want to transfer their advertising budgets to online video sites, there’s no question about it,” Alan Yan, founder and chief executive at AdChina, said. “But first, the video sites need to solve some of the copyright issues on the content.”
Bao Beibei contributed research.
Baidu to Launch Mobile Phone Operating System
Posted on: Mon, 19 Jul 2010 07:15:38 EDT
Baidu Inc. (Nasdaq: BIDU | PowerRating) plans to launch its own operating system for mobile phones, instead of Internet browser as guessed by insiders. The top executives recruited by Baidu from Google Inc. (Nasdaq: GOOG | PowerRating) will take charge of the R&D of the product.
Actually, Baidu intended to foray into the operating system field long ago. Last year, when Robin Li received an interview by Wall Street Journal, he revealed that the company would promote operating system like Chrome OS of Google. Li pointed out that Baidu would provide value-added service and customized contents for users through the operating system.
The China Internet Network Information Center (CNNIC) discloses that China's Internet users surfing online through mobile phones have reached 277 million. Baidu's development of operating system is likely to be one step of its wireless Internet strategy.
Meanwhile, Baidu is kicking off recruitment with the largest scale in history. In the half year ended July 16, the company has announced recruitment for 500 posts on its official Web site. Dozens of talents have been attracted from Google.
Source: www.sina.com.cn (July 19, 2010)
Posted on: Mon, 19 Jul 2010 07:15:38 EDT
Baidu Inc. (Nasdaq: BIDU | PowerRating) plans to launch its own operating system for mobile phones, instead of Internet browser as guessed by insiders. The top executives recruited by Baidu from Google Inc. (Nasdaq: GOOG | PowerRating) will take charge of the R&D of the product.
Actually, Baidu intended to foray into the operating system field long ago. Last year, when Robin Li received an interview by Wall Street Journal, he revealed that the company would promote operating system like Chrome OS of Google. Li pointed out that Baidu would provide value-added service and customized contents for users through the operating system.
The China Internet Network Information Center (CNNIC) discloses that China's Internet users surfing online through mobile phones have reached 277 million. Baidu's development of operating system is likely to be one step of its wireless Internet strategy.
Meanwhile, Baidu is kicking off recruitment with the largest scale in history. In the half year ended July 16, the company has announced recruitment for 500 posts on its official Web site. Dozens of talents have been attracted from Google.
Source: www.sina.com.cn (July 19, 2010)
State media accuses Baidu of promoting fake drug sites-report
SHANGHAI | Mon Jul 19, 2010 5:24am EDT
SHANGHAI July 19 (Reuters) - China's main state-run television station has accused the country's top internet search engine Baidu Inc (BIDU.O) of directing users to websites that sell counterfeit drugs, the People's Daily reported on Monday.
CCTV reported on Sunday that Baidu and other search engines had profited from promoting three websites offering counterfeit drugs that had duped more than 3,000 people in China, said the newspaper, the mouthpiece of the ruling Communist Party.
Baidu declined comment on the report. In the second quarter, Baidu had a 70.8 percent share of China's search market, according to iResearch data.
A source familiar with the situation told Reuters on Monday that the sites exploited a loophole in the system, piggybacking on legitimate websites to gain access to buy keywords. The source could not be identified due to the sensitivity of the matter.
In 2008, CCTV aired a similar expose on Baidu selling links to unlicensed medical sites with unproven claims for their products. The company's Nasdaq-listed shares subsequently fell more than 20 percent and its fourth-quarter earnings were hit, prompting Baidu Chief Executive Robin Li to publicly apologise.
As a result of the scandal, Baidu had overhauled its operations and sacked staff involved.
In the last few years, China has been beset by a series of product safety scandals ranging from tainted milk to fake pharmaceuticals.
The government has announced several crackdowns but the problems persist, aided by a lack of surveillance, generally poor quality standards and corruption. (Reporting by Melanie Lee; Editing by Chris Lewis and Anshuman Daga)
http://www.reuters.com/article/idCNTOE66I04E20100719?rpc=44
SHANGHAI | Mon Jul 19, 2010 5:24am EDT
SHANGHAI July 19 (Reuters) - China's main state-run television station has accused the country's top internet search engine Baidu Inc (BIDU.O) of directing users to websites that sell counterfeit drugs, the People's Daily reported on Monday.
CCTV reported on Sunday that Baidu and other search engines had profited from promoting three websites offering counterfeit drugs that had duped more than 3,000 people in China, said the newspaper, the mouthpiece of the ruling Communist Party.
Baidu declined comment on the report. In the second quarter, Baidu had a 70.8 percent share of China's search market, according to iResearch data.
A source familiar with the situation told Reuters on Monday that the sites exploited a loophole in the system, piggybacking on legitimate websites to gain access to buy keywords. The source could not be identified due to the sensitivity of the matter.
In 2008, CCTV aired a similar expose on Baidu selling links to unlicensed medical sites with unproven claims for their products. The company's Nasdaq-listed shares subsequently fell more than 20 percent and its fourth-quarter earnings were hit, prompting Baidu Chief Executive Robin Li to publicly apologise.
As a result of the scandal, Baidu had overhauled its operations and sacked staff involved.
In the last few years, China has been beset by a series of product safety scandals ranging from tainted milk to fake pharmaceuticals.
The government has announced several crackdowns but the problems persist, aided by a lack of surveillance, generally poor quality standards and corruption. (Reporting by Melanie Lee; Editing by Chris Lewis and Anshuman Daga)
http://www.reuters.com/article/idCNTOE66I04E20100719?rpc=44
15:40 Uhr
Baidu: Betrugsvorwürfe drücken Aktienkurs
Martin Weiß
Die Aktie von Chinas führender Suchmaschine verliert im vorbörslichen Geschäft in New York mehr als drei Prozent an Wert. Anleger reagieren mit den massiven Verkäufen auf Medienberichte, wonach der Konzern bei der Verbreitung von gefäschten Medikamenten geholfen habe.
Wie die Nachrichtenagentur Reuters unter Berufung auf chinesische Medien schreibt, habe Baidu die Nutzer seiner Suchmaschine auf Internetseiten verwiesen, auf denen gefälschte Medikamente verkaufen werden. Insgesamt seien mehr als 3.000 Kunden auf den Schwindel hereingefallen. An der Börse reagieren die Anleger verunsichert. Die Baidu-Aktie fällt vorbörslich um 2,34 Dollar ider 3,2 Prozent auf 71,19 Dollar.
Sicherheitslücken genutzt
Die Vorwürfe wiegen umso schwerer, da sie vom chinesischen Staatsfernsehen erhoben wurden, das als Sprachrohr der chinesischen Führung gilt. Wie es heißt, sollen die Betreiber der betrügerischen Seiten eine Sicherheitslücke genutzt haben, um für entsprechende Keywords bei Baidu zu bieten.
Die nun gegen Baidu erhobenen Anschuldigungen klingen nicht ganz neu. Der Konzern war bereits vor zwei Jahren scharf dafür kritisiert worden, illegalen Medikamentenhändlern eine Plattform zu bieten. Das Unternehmen hatte daraufhin umfangreiche Maßnahmen zur Umstrukturierung eingeleitet und die verantwortlichen Mitarbeiter entlassen.
Baidu: Betrugsvorwürfe drücken Aktienkurs
Martin Weiß
Die Aktie von Chinas führender Suchmaschine verliert im vorbörslichen Geschäft in New York mehr als drei Prozent an Wert. Anleger reagieren mit den massiven Verkäufen auf Medienberichte, wonach der Konzern bei der Verbreitung von gefäschten Medikamenten geholfen habe.
Wie die Nachrichtenagentur Reuters unter Berufung auf chinesische Medien schreibt, habe Baidu die Nutzer seiner Suchmaschine auf Internetseiten verwiesen, auf denen gefälschte Medikamente verkaufen werden. Insgesamt seien mehr als 3.000 Kunden auf den Schwindel hereingefallen. An der Börse reagieren die Anleger verunsichert. Die Baidu-Aktie fällt vorbörslich um 2,34 Dollar ider 3,2 Prozent auf 71,19 Dollar.
Sicherheitslücken genutzt
Die Vorwürfe wiegen umso schwerer, da sie vom chinesischen Staatsfernsehen erhoben wurden, das als Sprachrohr der chinesischen Führung gilt. Wie es heißt, sollen die Betreiber der betrügerischen Seiten eine Sicherheitslücke genutzt haben, um für entsprechende Keywords bei Baidu zu bieten.
Die nun gegen Baidu erhobenen Anschuldigungen klingen nicht ganz neu. Der Konzern war bereits vor zwei Jahren scharf dafür kritisiert worden, illegalen Medikamentenhändlern eine Plattform zu bieten. Das Unternehmen hatte daraufhin umfangreiche Maßnahmen zur Umstrukturierung eingeleitet und die verantwortlichen Mitarbeiter entlassen.
Baidu to create a Google Android Competitor?
Can you please name out the mobile OS platforms we have today? Ah! iOS 4, … Android, … WebOS, … Windows Phone 7, … BlackBerry OS, … Symbian, … MeeGo … others I can’t remember or possibly don’t no. That’s not a bad list too… but there might soon be a possible addition to the list.
According to some news sources, Baidu is planning to develop a mobile platform OS on its own. But it being done by Googlers… ‘er former Chinese Googlers is what is interesting. Reportedly its the Google’s Chinese employees who have left the company during its struggle to exist in China, who have been set to the task. The project being, for an OpenSource OS is another twist, which will bring it directly into contention with Google’s Android in China.
Tough time for Google, I guess?
Can you please name out the mobile OS platforms we have today? Ah! iOS 4, … Android, … WebOS, … Windows Phone 7, … BlackBerry OS, … Symbian, … MeeGo … others I can’t remember or possibly don’t no. That’s not a bad list too… but there might soon be a possible addition to the list.
According to some news sources, Baidu is planning to develop a mobile platform OS on its own. But it being done by Googlers… ‘er former Chinese Googlers is what is interesting. Reportedly its the Google’s Chinese employees who have left the company during its struggle to exist in China, who have been set to the task. The project being, for an OpenSource OS is another twist, which will bring it directly into contention with Google’s Android in China.
Tough time for Google, I guess?
Baidu: Expecting Strong Q2 Results, Slower Q3 Growth
by: Xiaofan Zhang July 20, 2010 |
Expecting strong Q2 results. Chinese search engine operator Baidu (BIDU) will report 2Q10 results on July 21 after market close. For the quarter, I estimate Baidu generated $280 million revenue (up 48% Q/Q) and $0.33 GAAP EPS, significantly above management guidance of $268.1-274.0 million and consensus of $271.4 million. I attribute the strong growth in Q2 to three factors: advertisers ramping up spending after Chinese New Year, Baidu gaining market share after Google (GOOG) exited China mainland in late March, Phoenix Nest system achieving higher penetration among Baidu's advertising clients.
Sequential growth to slow down in Q3. For 3Q10, I forecast Baidu will grow revenue by 18%-25% quarter-over-quarter, representing slower sequential growth than in Q2, mainly due to the tougher comparison against a great Q2. I believe the Q/Q growth in Q3 will mainly come from three sources: the secular and spontaneous growth of search volume in China, continued market share gain against Google, and further penetration of Phoenix Nest into Baidu's client base. As a reference, Table 1 shows Baidu's historical 3Q sequential growth was in the range of 15%-28%, with an average of 21%.
xzhang.07.20.2010.b
by: Xiaofan Zhang July 20, 2010 |
Expecting strong Q2 results. Chinese search engine operator Baidu (BIDU) will report 2Q10 results on July 21 after market close. For the quarter, I estimate Baidu generated $280 million revenue (up 48% Q/Q) and $0.33 GAAP EPS, significantly above management guidance of $268.1-274.0 million and consensus of $271.4 million. I attribute the strong growth in Q2 to three factors: advertisers ramping up spending after Chinese New Year, Baidu gaining market share after Google (GOOG) exited China mainland in late March, Phoenix Nest system achieving higher penetration among Baidu's advertising clients.
Sequential growth to slow down in Q3. For 3Q10, I forecast Baidu will grow revenue by 18%-25% quarter-over-quarter, representing slower sequential growth than in Q2, mainly due to the tougher comparison against a great Q2. I believe the Q/Q growth in Q3 will mainly come from three sources: the secular and spontaneous growth of search volume in China, continued market share gain against Google, and further penetration of Phoenix Nest into Baidu's client base. As a reference, Table 1 shows Baidu's historical 3Q sequential growth was in the range of 15%-28%, with an average of 21%.
xzhang.07.20.2010.b
Google's China rival to create Android-like OS
21 July, 2010
Google's biggest search rival in China - homegrown market leader Baidu, is to develop a Linux-based smartphone to rival the Californian search giant's Android-based devices.
Chinese state-run news agency Xinhua today reported a deal between Baidu and developers Tencent and TekMobile to create an "Android-like operating system". Tencent is the company behind Asia's most popular instant messaging software, QQ.
According to reports in the Chinese media, the move is being led by former Google employees who were poached by Baidu after Google ended the self-censorship of its search results. Baidu has wooed Google China's former vice-president of engineering, and the technical director of the Google academy of engineering, to head the project.
Baidu CEO Robin Li has long harboured ambitions of getting a foothold the mobile market. Li revealed plans to launch a Linux-based mobile OS in an interview with the Wall Street Journal last year.
Blogging sites in China have suggested that the only way the deal could succeed is with state investment aimed at knocking Google's Android out of the market.
Google's recent wrangles with China's Government over censorship have seen it falling further behind in the Chinese search market. Its market share has dropped from 32.8 per cent at the end of last year, and currently stands at 27.8 per cent.
Now the company will have to fight for its mobile OS business - and the rewards for the winner of the contest will be huge.
According to a Government statement yesterday, China's mobile phone market reached 800 million users by the end of June this year. The country is set to invest more than $17 billion in its 3G infrastructure this year
21 July, 2010
Google's biggest search rival in China - homegrown market leader Baidu, is to develop a Linux-based smartphone to rival the Californian search giant's Android-based devices.
Chinese state-run news agency Xinhua today reported a deal between Baidu and developers Tencent and TekMobile to create an "Android-like operating system". Tencent is the company behind Asia's most popular instant messaging software, QQ.
According to reports in the Chinese media, the move is being led by former Google employees who were poached by Baidu after Google ended the self-censorship of its search results. Baidu has wooed Google China's former vice-president of engineering, and the technical director of the Google academy of engineering, to head the project.
Baidu CEO Robin Li has long harboured ambitions of getting a foothold the mobile market. Li revealed plans to launch a Linux-based mobile OS in an interview with the Wall Street Journal last year.
Blogging sites in China have suggested that the only way the deal could succeed is with state investment aimed at knocking Google's Android out of the market.
Google's recent wrangles with China's Government over censorship have seen it falling further behind in the Chinese search market. Its market share has dropped from 32.8 per cent at the end of last year, and currently stands at 27.8 per cent.
Now the company will have to fight for its mobile OS business - and the rewards for the winner of the contest will be huge.
According to a Government statement yesterday, China's mobile phone market reached 800 million users by the end of June this year. The country is set to invest more than $17 billion in its 3G infrastructure this year
Baidu.com nachbörslich +4,6% nach besseren Zahlen
Datum: 21.07. 23:27
New York (BoerseGo.de) – Der größte chinesische Suchmaschinenbetreiber Baidu.com berichtet für das zweite Quartal einen Gewinn von 0,35 Dollar pro Aktie und übertrifft damit die Erwartungen von Wall Street um 4 Cent. Der Umsatz klettert gegenüber dem entsprechenden Vorjahresquartal um 74,4 Prozent auf 282,3 Millionen Dollar, was ebenfalls über den Konsensschätzungen der Analysten von 276,7 Millionen Dollar liegt.
Für das aktuelle dritte Quartal rechnet das Unternehmen mit einem Umsatz von 324,4 bis 333,3 Millionen Dollar, was über den aktuellen Erwartungen von Wall Street von 321,55 Millionen Dollar liegt.
Die Aktie klettert nachbörslich aktuell 4,6 Prozent auf 76,55 Dollar.
Datum: 21.07. 23:27
New York (BoerseGo.de) – Der größte chinesische Suchmaschinenbetreiber Baidu.com berichtet für das zweite Quartal einen Gewinn von 0,35 Dollar pro Aktie und übertrifft damit die Erwartungen von Wall Street um 4 Cent. Der Umsatz klettert gegenüber dem entsprechenden Vorjahresquartal um 74,4 Prozent auf 282,3 Millionen Dollar, was ebenfalls über den Konsensschätzungen der Analysten von 276,7 Millionen Dollar liegt.
Für das aktuelle dritte Quartal rechnet das Unternehmen mit einem Umsatz von 324,4 bis 333,3 Millionen Dollar, was über den aktuellen Erwartungen von Wall Street von 321,55 Millionen Dollar liegt.
Die Aktie klettert nachbörslich aktuell 4,6 Prozent auf 76,55 Dollar.
22.07.2010 09:20
Chinas Suchmaschine Baidu mit 118% Gewinnanstieg
EMFIS.COM - Peking / New York 22.07.2010 (www.emfis.com) Chinas größter Suchmaschinenbetreiber Baidu brillierte mit seinen veröffentlichten Quartalszahlen.
Der Google- Rivale, welcher inzwischen in China über 70 Prozent an Marktanteilen hält, konnte im abgelaufenen Quartal seinen Gewinn mehr als verdoppeln.
Laut dem Marktuntersuchungsunternehmen iResearch, gelang es Baidu seinen Marktanteil gegenüber dem ersten Quartal um 3 Prozent zu erhöhen. Dagegen hatte Google einen Rückgang von 2,2 Prozent auf 27,3 Prozent hinnehmen müssen.
Wie das Unternehmen bekannt gab, stieg der Nettogewinn Dank eines kräftigen Zuwachses bei den Anzeigenkunden um 118 Prozent auf 123,50 Mio. US Dollar, bzw. 35 US Cent pro Aktie. Der Umsatz legte um 74,4 Prozent auf 282,3 Mio. US Dollar zu.
Mit diesen Zahlen lag Baidu über den Erwartungen von 31 US Cent Gewinnanstieg. Auch beim Umsatz lag man um etwa 25 Mio. US Dollar über den Prognosen.
Weiter teilte das Unternehmen mit, dass man im zweiten Quartal mit 254.000 aktiven Online- Marketingkunden 25 Prozent mehr wie im Vorjahreszeitraum verzeichnen konnte.
Auch die Aussichten sind sehr gut. So geht Baidu für das dritte Quartal von einem Umsatz zwischen 324 Mio. und 333 Mio. US Dollar aus, was über den Prognosen von Analysten liegt.
An der US- Börse hatte die Aktie nachbörslich um 5,6 Prozent auf 77,38 US Dollar zulegen können. Seit Jahresbeginn beträgt das Plus inzwischen 78 Prozent.
Chinas Suchmaschine Baidu mit 118% Gewinnanstieg
EMFIS.COM - Peking / New York 22.07.2010 (www.emfis.com) Chinas größter Suchmaschinenbetreiber Baidu brillierte mit seinen veröffentlichten Quartalszahlen.
Der Google- Rivale, welcher inzwischen in China über 70 Prozent an Marktanteilen hält, konnte im abgelaufenen Quartal seinen Gewinn mehr als verdoppeln.
Laut dem Marktuntersuchungsunternehmen iResearch, gelang es Baidu seinen Marktanteil gegenüber dem ersten Quartal um 3 Prozent zu erhöhen. Dagegen hatte Google einen Rückgang von 2,2 Prozent auf 27,3 Prozent hinnehmen müssen.
Wie das Unternehmen bekannt gab, stieg der Nettogewinn Dank eines kräftigen Zuwachses bei den Anzeigenkunden um 118 Prozent auf 123,50 Mio. US Dollar, bzw. 35 US Cent pro Aktie. Der Umsatz legte um 74,4 Prozent auf 282,3 Mio. US Dollar zu.
Mit diesen Zahlen lag Baidu über den Erwartungen von 31 US Cent Gewinnanstieg. Auch beim Umsatz lag man um etwa 25 Mio. US Dollar über den Prognosen.
Weiter teilte das Unternehmen mit, dass man im zweiten Quartal mit 254.000 aktiven Online- Marketingkunden 25 Prozent mehr wie im Vorjahreszeitraum verzeichnen konnte.
Auch die Aussichten sind sehr gut. So geht Baidu für das dritte Quartal von einem Umsatz zwischen 324 Mio. und 333 Mio. US Dollar aus, was über den Prognosen von Analysten liegt.
An der US- Börse hatte die Aktie nachbörslich um 5,6 Prozent auf 77,38 US Dollar zulegen können. Seit Jahresbeginn beträgt das Plus inzwischen 78 Prozent.
Baidu Chinesischer Konzern plant eigenes mobiles OS
Autor: Stefan Schomberg | 22.07.2010 - 09:40 | (13)
Der chinesische Suchmaschinenbetreiber Baidu will nach Presseinformationen ein eigenes mobiles Betriebssystem entwickeln. Es soll ähnlich offen sein wie Android, berichtet das Nachrichtenmagazin Information Week. Die Offenheit dürfte nicht die einzige Ähnlichkeit zum OS von Google sein, denn angeblich sind zahlreiche ehemalige Mitarbeiter des weltweit führenden Suchmaschinenbetreibers an der Entwicklung beteiligt.
Im Streit zwischen Google und der chinesischen Regierung hatten etliche Mitarbeiter des amerikanischen Konzerns den Arbeitsplatz gewechselt und fanden unter anderem bei Baidu Anstellung. China hatte damals verlangt, dass Google bestimmte Suchanfragen aus dem Reich der Mitte blockt.
Der Vorstoß von Baidu könnte der Versuch sein, mehr Marktanteile zu erreichen und Google auf Abstand zu halten. Obwohl der chinesische Suchmaschinenbetreiber im eigenen Land bei Suchanfragen von Computern aus mit einem Anteil von etwa 70 Prozent beinahe Monopolstellung hat, kommt er bei mobilen Anfragen nur auf etwa 26 Prozent, wie Google.
Autor: Stefan Schomberg | 22.07.2010 - 09:40 | (13)
Der chinesische Suchmaschinenbetreiber Baidu will nach Presseinformationen ein eigenes mobiles Betriebssystem entwickeln. Es soll ähnlich offen sein wie Android, berichtet das Nachrichtenmagazin Information Week. Die Offenheit dürfte nicht die einzige Ähnlichkeit zum OS von Google sein, denn angeblich sind zahlreiche ehemalige Mitarbeiter des weltweit führenden Suchmaschinenbetreibers an der Entwicklung beteiligt.
Im Streit zwischen Google und der chinesischen Regierung hatten etliche Mitarbeiter des amerikanischen Konzerns den Arbeitsplatz gewechselt und fanden unter anderem bei Baidu Anstellung. China hatte damals verlangt, dass Google bestimmte Suchanfragen aus dem Reich der Mitte blockt.
Der Vorstoß von Baidu könnte der Versuch sein, mehr Marktanteile zu erreichen und Google auf Abstand zu halten. Obwohl der chinesische Suchmaschinenbetreiber im eigenen Land bei Suchanfragen von Computern aus mit einem Anteil von etwa 70 Prozent beinahe Monopolstellung hat, kommt er bei mobilen Anfragen nur auf etwa 26 Prozent, wie Google.
Thursday, July 22, 2010 ET
Baidu: Street Boosts Price Targets After Q2 Tops Estimates
By Eric Savitz
The Street is ratcheting up its price targets for Baidu (BIDU) this morning after the China-based Internet search engine late yesterday posted better-than-expected Q2 results.
* Goldman Sachs analyst James Mitchell repeated his Buy rating on the stock, and raised his target to $90 from $76, “to reflect higher margin estimates and more confidence in the quality of growth given faster customer adds.”
* Brean Murray analyst Andrey Gluknov likewise reiterated his Buy rating, while lifting his target to $90, from $80. “We would remain aggressive buyers of BIDU,” he writes, adding that the company “should continue to benefit from the disruptions in the competitive landscape and the overall acceleration in the search advertising market in China.”
* Citigroup analyst Alicia Yap repeated her Buy rating on the stock, lifting her target to $93, from $87; among other things, she sees the company benefiting from “the distraction of a major competitor,” i.e., Google (GOOG), which continues to grapple with how to operate in China.
* Piper Jaffray analyst Gene Munster keeps his Neutral rating on the stock, but boosts his target to $81, from $70. “While the company’s trajectory seems unstoppable, we believe that some tailwinds that had driven BIDU’s performance are lessening as we near closer to annualizing the new bidding system and the situation with Google in China appears to have reached a stable point.”
BIDU is up $1.19, or 1.6%, to $74.50.
Baidu: Street Boosts Price Targets After Q2 Tops Estimates
By Eric Savitz
The Street is ratcheting up its price targets for Baidu (BIDU) this morning after the China-based Internet search engine late yesterday posted better-than-expected Q2 results.
* Goldman Sachs analyst James Mitchell repeated his Buy rating on the stock, and raised his target to $90 from $76, “to reflect higher margin estimates and more confidence in the quality of growth given faster customer adds.”
* Brean Murray analyst Andrey Gluknov likewise reiterated his Buy rating, while lifting his target to $90, from $80. “We would remain aggressive buyers of BIDU,” he writes, adding that the company “should continue to benefit from the disruptions in the competitive landscape and the overall acceleration in the search advertising market in China.”
* Citigroup analyst Alicia Yap repeated her Buy rating on the stock, lifting her target to $93, from $87; among other things, she sees the company benefiting from “the distraction of a major competitor,” i.e., Google (GOOG), which continues to grapple with how to operate in China.
* Piper Jaffray analyst Gene Munster keeps his Neutral rating on the stock, but boosts his target to $81, from $70. “While the company’s trajectory seems unstoppable, we believe that some tailwinds that had driven BIDU’s performance are lessening as we near closer to annualizing the new bidding system and the situation with Google in China appears to have reached a stable point.”
BIDU is up $1.19, or 1.6%, to $74.50.
China: Baidu will seine Suche in Android-Geräte integrieren
Montag, 26. Juli 2010
Konzern-Chef Robin Li wünscht sich eine "sehr prominent platzierte Suchbox" auf den Handydisplays. Android-Geräte machen nur 0,4 Prozent des chinesischen Mobile-Markts aus. Die Symbian Foundation arbeitet bereits mit Baidu zusammen.
Baidu will mit Geräteherstellern von Smartphones kooperieren.
Baidu[1] möchte seine Suche künftig in die Benutzeroberfläche aller Android-Handys integrieren, die in China verkauft werden. Der größte Suchmaschinenanbieter des Landes führt Gespräche mit Herstellern, die auf Googles[2] Betriebssystem zurückgreifen, wie das Wall Street Journal[3] berichtet.
Damit versucht Baidu einmal mehr, seinem größten Konkurrenten - Google - zuvorzukommen. Der chinesische Mobile-Suchmarkt ist klein, wächst aber rasch. Ziel sei es, ein Baidu-Suchfeld "sehr prominent auf dem Handydisplay zu platzieren", sagte CEO Robin Li.
Android-Smartphones machten nur 0,4 Prozent 7,25 Millionen Smartphones aus, die im vierten Quartal 2009 verkauft wurden. Auch mit Herstellern, die andere mobile OS nutzen, werde bereits verhandelt. "Wir sind mit ein paar großen Namen im Gespräch", sagte Li.
Vergangenen Monat hatte die Symbian Foundation[4] eine Zusammenarbeit mit Baidu[5] angekündigt. Symbian-Geräte machten im vierten Quartal 2009 72,1 Prozent der verkauften Smartphones aus.
Obwohl außerhalb des eigenen Landes weitgehend unbekannt, ist Baidu die größte Suchmaschine Chinas. Vor allem nachdem Google im März seine chinesische Suchseite gesperrt und später seine Nutzer nach Hongkong umgeleitet[6] hatte, verzeichnete Baidu steigende Nutzerzahlen. Sein Anteil am chinesischen Suchmarkt stieg im zweiten Quartal 2010 um sechs Punkte auf derzeit 70 Prozent; Google kommt auf 24 Prozent.
Montag, 26. Juli 2010
Konzern-Chef Robin Li wünscht sich eine "sehr prominent platzierte Suchbox" auf den Handydisplays. Android-Geräte machen nur 0,4 Prozent des chinesischen Mobile-Markts aus. Die Symbian Foundation arbeitet bereits mit Baidu zusammen.
Baidu will mit Geräteherstellern von Smartphones kooperieren.
Baidu[1] möchte seine Suche künftig in die Benutzeroberfläche aller Android-Handys integrieren, die in China verkauft werden. Der größte Suchmaschinenanbieter des Landes führt Gespräche mit Herstellern, die auf Googles[2] Betriebssystem zurückgreifen, wie das Wall Street Journal[3] berichtet.
Damit versucht Baidu einmal mehr, seinem größten Konkurrenten - Google - zuvorzukommen. Der chinesische Mobile-Suchmarkt ist klein, wächst aber rasch. Ziel sei es, ein Baidu-Suchfeld "sehr prominent auf dem Handydisplay zu platzieren", sagte CEO Robin Li.
Android-Smartphones machten nur 0,4 Prozent 7,25 Millionen Smartphones aus, die im vierten Quartal 2009 verkauft wurden. Auch mit Herstellern, die andere mobile OS nutzen, werde bereits verhandelt. "Wir sind mit ein paar großen Namen im Gespräch", sagte Li.
Vergangenen Monat hatte die Symbian Foundation[4] eine Zusammenarbeit mit Baidu[5] angekündigt. Symbian-Geräte machten im vierten Quartal 2009 72,1 Prozent der verkauften Smartphones aus.
Obwohl außerhalb des eigenen Landes weitgehend unbekannt, ist Baidu die größte Suchmaschine Chinas. Vor allem nachdem Google im März seine chinesische Suchseite gesperrt und später seine Nutzer nach Hongkong umgeleitet[6] hatte, verzeichnete Baidu steigende Nutzerzahlen. Sein Anteil am chinesischen Suchmarkt stieg im zweiten Quartal 2010 um sechs Punkte auf derzeit 70 Prozent; Google kommt auf 24 Prozent.
Baidu Takes Mobile Search Battle to Google in China
Paul Denlinger, The China Vortex | Jul. 27, 2010, 7:49 AM |
When it comes to Google in China, there is no rest for the weary.
Just after winning its content license in China, and getting praise from the Chinese government, Baidu, China's leading domestic search engine, leaks out word that it intends to dominate the mobile search market, and is using a group of former Google engineers to develop a new mobile platform based on Android, which Google helped to develop.
During Google's censorship dispute with the Chinese government, Baidu's management showed the presence of mind to keep quiet. As I have previously mentioned, mobile search in a green field opportunity.
Steve Jobs, Apple's CEO, has cheerfully proclaimed that mobile users don't use search, they use apps. ("Take that, Eric!") Compared to Apple's iPhone platform, where there are more than 100,000 apps fighting for attention and downloads, Chinese language apps for both the Android and iPhone platforms are at an early stage of development. A few VCs, such as Kai-Fu Lee, former president of Google China, have started new VC funds to fund development of the nascent mobile apps market.
Obviously, Baidu wants to stake out the mobile search market and become the default before too many apps flood the market, so that Baidu's search becomes a habit for most Chinese mobile users. Because Baidu has been relatively unsuccessful in expanding outside China, it has no choice except to deepen China market penetration.
The growth of the Android platform will be helped by the fact that MediaTek, one of Taiwan's leading low-cost chip makers for wireless, has committed to launching a low-cost chipset for Android later this year. This will dramatically lower the price point for Android smartphones in the China market.
In addition, Baidu has leaked out word that it intends to seek a mainland China listing for the company. It will be very interesting how the Chinese government handles this, since most companies which are approved for listing need to have strategic government ties, and mainland listings are not readily handed out. In fact, this has become a point of concern for private-sector Chinese companies, which have complained that they have been treated as second-rate citizens when it comes to listings in China.
The Chinese government has reacted defensively to these charges, insisting that there is no discrimination. While Baidu is generally treated as China's native son, an image which the company deliberately fosters in its communications and advertising, it is by no means a certain thing that Baidu will get everything it wants. Baidu is considered to be a private-sector company.
If the Chinese government gives Baidu everything it wants, the Chinese government could come under criticism from western companies and governments for showing favoritism to a native Chinese company, and small Chinese companies would criticize the government for showing favoritism for an industry giant, at the expense of smaller companies. As I mentioned in a previous article, the Chinese government, more often than not, seeks to find a balance.
For this reason, Baidu's land grab is by no means a sure thing. Conceivably, the Chinese government could hand out more mobile service licenses to Google China to prevent Baidu from becoming the sole player, reversing its former position to Google.
If this happened, it would mark a dramatic change of fortune for Google in China. But stranger things have happened.
Paul Denlinger, The China Vortex | Jul. 27, 2010, 7:49 AM |
When it comes to Google in China, there is no rest for the weary.
Just after winning its content license in China, and getting praise from the Chinese government, Baidu, China's leading domestic search engine, leaks out word that it intends to dominate the mobile search market, and is using a group of former Google engineers to develop a new mobile platform based on Android, which Google helped to develop.
During Google's censorship dispute with the Chinese government, Baidu's management showed the presence of mind to keep quiet. As I have previously mentioned, mobile search in a green field opportunity.
Steve Jobs, Apple's CEO, has cheerfully proclaimed that mobile users don't use search, they use apps. ("Take that, Eric!") Compared to Apple's iPhone platform, where there are more than 100,000 apps fighting for attention and downloads, Chinese language apps for both the Android and iPhone platforms are at an early stage of development. A few VCs, such as Kai-Fu Lee, former president of Google China, have started new VC funds to fund development of the nascent mobile apps market.
Obviously, Baidu wants to stake out the mobile search market and become the default before too many apps flood the market, so that Baidu's search becomes a habit for most Chinese mobile users. Because Baidu has been relatively unsuccessful in expanding outside China, it has no choice except to deepen China market penetration.
The growth of the Android platform will be helped by the fact that MediaTek, one of Taiwan's leading low-cost chip makers for wireless, has committed to launching a low-cost chipset for Android later this year. This will dramatically lower the price point for Android smartphones in the China market.
In addition, Baidu has leaked out word that it intends to seek a mainland China listing for the company. It will be very interesting how the Chinese government handles this, since most companies which are approved for listing need to have strategic government ties, and mainland listings are not readily handed out. In fact, this has become a point of concern for private-sector Chinese companies, which have complained that they have been treated as second-rate citizens when it comes to listings in China.
The Chinese government has reacted defensively to these charges, insisting that there is no discrimination. While Baidu is generally treated as China's native son, an image which the company deliberately fosters in its communications and advertising, it is by no means a certain thing that Baidu will get everything it wants. Baidu is considered to be a private-sector company.
If the Chinese government gives Baidu everything it wants, the Chinese government could come under criticism from western companies and governments for showing favoritism to a native Chinese company, and small Chinese companies would criticize the government for showing favoritism for an industry giant, at the expense of smaller companies. As I mentioned in a previous article, the Chinese government, more often than not, seeks to find a balance.
For this reason, Baidu's land grab is by no means a sure thing. Conceivably, the Chinese government could hand out more mobile service licenses to Google China to prevent Baidu from becoming the sole player, reversing its former position to Google.
If this happened, it would mark a dramatic change of fortune for Google in China. But stranger things have happened.
Google says search engine, mobile service blocked in China
July 29, 2010 | 4:05 pm
Google Inc. reported Thursday that its Web search, mobile and advertising services in China had been blocked.
It was unclear if the services had been temporarily disrupted or if they were being blocked by the Chinese government. In fact, no one on mainland China has confirmed that Google's search engine has been blocked. Google did not immediately respond to a request for comment.
This marks the first time that the search engine was “fully blocked” to users in mainland China, according to a service availability page that Google operates. Two other services, images and news, were partially blocked. That raises concerns that Chinese officials may be taking steps against Google.
A search feature that suggests queries to users as they begin typing letters in the search box has been fully blocked. The feature was popular in China because typing Chinese characters is time consuming. Other services such as YouTube have long been blocked in China.
Google has been dueling with China over Web censorship, a dispute that escalated in January when the world’s largest search engine warned it would stop censoring search results and might pull out of the country.
Tensions seemed to have abated earlier this month when China granted Google a license to continue operating in China. That was after Google agreed to add an extra step for visitors to reach an uncensored search engine that operates out of the less restrictive Hong Kong.
Google is still losing market share to its Chinese rival Baidu Inc., which is the No. 1 search engine in China.
-- Jessica Guynn
July 29, 2010 | 4:05 pm
Google Inc. reported Thursday that its Web search, mobile and advertising services in China had been blocked.
It was unclear if the services had been temporarily disrupted or if they were being blocked by the Chinese government. In fact, no one on mainland China has confirmed that Google's search engine has been blocked. Google did not immediately respond to a request for comment.
This marks the first time that the search engine was “fully blocked” to users in mainland China, according to a service availability page that Google operates. Two other services, images and news, were partially blocked. That raises concerns that Chinese officials may be taking steps against Google.
A search feature that suggests queries to users as they begin typing letters in the search box has been fully blocked. The feature was popular in China because typing Chinese characters is time consuming. Other services such as YouTube have long been blocked in China.
Google has been dueling with China over Web censorship, a dispute that escalated in January when the world’s largest search engine warned it would stop censoring search results and might pull out of the country.
Tensions seemed to have abated earlier this month when China granted Google a license to continue operating in China. That was after Google agreed to add an extra step for visitors to reach an uncensored search engine that operates out of the less restrictive Hong Kong.
Google is still losing market share to its Chinese rival Baidu Inc., which is the No. 1 search engine in China.
-- Jessica Guynn
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
BAIDU springt auf neues Allzeithoch
von André Rain
Montag 02.08.2010, 16:24 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 83,67 $
Die Baidu Aktie eröffnet den Handel in der neuen Woche mit einem neuen Allzeithoch. Damit ist nun ein Kaufsignal aktiv, welches die Aktie in den kommenden Wochen und Monaten weiter bis110,00 und später 150,00 - 160,00 $ ansteigen lassen sollte.
Rücksetzer bis 81,00 - 82,29 $ sind jetzt problemlos möglich, unterhalb davon allerdings könnte es zu einem tiefen Rücksetzer bis 75,20 - 76,00 $ kommen. Erst unterhalb von 74,00 $ drohen tiefere Rücksetzer bis 66,03 $.
von André Rain
Montag 02.08.2010, 16:24 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 83,67 $
Die Baidu Aktie eröffnet den Handel in der neuen Woche mit einem neuen Allzeithoch. Damit ist nun ein Kaufsignal aktiv, welches die Aktie in den kommenden Wochen und Monaten weiter bis110,00 und später 150,00 - 160,00 $ ansteigen lassen sollte.
Rücksetzer bis 81,00 - 82,29 $ sind jetzt problemlos möglich, unterhalb davon allerdings könnte es zu einem tiefen Rücksetzer bis 75,20 - 76,00 $ kommen. Erst unterhalb von 74,00 $ drohen tiefere Rücksetzer bis 66,03 $.
Bis wohin besteht denn Potential?
AUGUST 4, 2010
Baidu's CEO Pursues Long-Term Growth
By OWEN FLETCHER
Google Inc.'s pullback in China earlier this year left homegrown giant Baidu Inc. more dominant than ever as China's biggest search engine.
Now, Robin Li, Baidu's chief executive, must figure out new ways to grow amid immense investor expectations.
Baidu's chief executive, Robin Li, pictured at the Internet search company's Beijing headquarters in July, says the company is expanding operations internationally but will probably avoid the U.S. for the time being.
Mr. Li, a soft-spoken 41-year-old engineer who co-founded Baidu in 2000 after a stint in Silicon Valley, dismisses concerns that growth in Baidu's core China search business will dry up anytime soon. With more than two-thirds of China's population not yet Internet users, Mr. Li says search advertising will remain Baidu's main growth driver for five to 15 years.
But he is looking to develop other revenue streams, including overseas and from ads on content pages created by Baidu or partners. He would also consider buying foreign Internet companies.
Baidu has played down its benefit from Google's moving its China search service to Hong Kong, but Baidu's share of revenue in China's search-advertising market grew six percentage points in the second quarter to 70%, according to Beijing-based research firm Analysys International. Google's share fell by about the same amount—to 24%.
Baidu CEO Robin Li answers questions about China's Internet search market, Google's China issues and dealing with censorship.
Mr. Li shared his strategy at Baidu's Beijing headquarters.
Excerpts:
WSJ: How would you describe China's search market right now?
Mr. Li: The search [advertising] market in China is still relatively small—smaller than the U.S., smaller than Japan, smaller than the U.K., but it is growing very fast.
WSJ: How did Google moving its China search service to Hong Kong in March open up new opportunities in China's search market?
Mr. Li: [By drawing attention to the search business] it helped educate the advertisers that search is one of the best ways for them to reach their targeted consumers. So in this sense I think it did benefit us a little bit, but because we already have such a large share, it's not obvious how much traffic we gained over this.
WSJ: Beyond search, what will be your middle- and long-term revenue drivers?
Mr. Li: The search market is in its early stage. We would be able to enjoy many years of high growth for our core search business.
And secondly, I think there are two types of growth drivers in the mid to long term. The first one is what we call the landing-page opportunity. We started to build our own content and integrate those kinds of content on our search result pages. Those kinds of content pages, we call it a landing page. We can also place sponsored links on the landing page.
One example is the Qiyi venture, [an online video-streaming site]. When people search this type of content on Baidu, we can direct users to Qiyi. And Qiyi itself can show advertising there, and make money.
There are many examples in other sectors that we would like to do going forward. So I think five years down the road, we should have a meaningful portion of our revenue from the landing-page strategy.
And the third [future revenue driver] is, of course, international.
WSJ: What are your plans for international expansion?
Mr. Li: We already started our international expansion. We launched our Japanese search [site] a couple years ago. But we realize that international expansion is a long-term investment.
I think that five to 10 years down the road we'll have a very meaningful part of our revenue come from international expansion. Right now, we only have one other language, which is Japanese, but moving forward we would launch a lot more other languages.
WSJ: Any plans to expand to the U.S.?
Mr. Li: In the U.S. you already have very strong search-engine players—Google, Microsoft, etc. I think we would be cautious entering that market. So for our international expansion we will probably avoid the U.S. for the time being.
WSJ: How do China's censorship regulations affect Baidu operations?
Mr. Li: We are used to it. We are based in China. We obviously need to abide by the Chinese law. What we found out is that our users are not very interested in those [censored terms]. They look for entertainment-oriented information, they look for business-oriented information, lifestyle, all kinds of things.
WSJ: Does it raise costs for Baidu?
Mr. Li: It does. It's a fairly comprehensive system that we need to ensure that we take necessary steps against some illegal content.
WSJ: Are you looking at M&A or investment opportunities overseas?
Mr. Li: We'll be open-minded. I think there are quite a few interesting companies outside of China. They provide good, innovative services. They're doing well, they're making money, but they're not in China. By partnering with those kinds of companies we can help promote and expand their businesses in China.
WSJ: So you're looking for partnerships rather than acquisitions?
Mr. Li: Not necessarily. Anything's possible. We'll deal with this on a case-by-case basis.
WSJ: Are you concerned that growth might not keep up with investor expectations?
Mr. Li: I'm not concerned. I don't run the company based on investor expectations. I run the company based on our own vision of the future of Internet computing and the future of the Chinese market.
I'm the founder of the company. I will stay here for a very long time. I don't need to please those short-term investors for next quarter. I need to make sure the company is healthy and strong and will continue to grow for many, many years.
Write to Owen Fletcher at Owen.Fletcher@wsj.com
Baidu's CEO Pursues Long-Term Growth
By OWEN FLETCHER
Google Inc.'s pullback in China earlier this year left homegrown giant Baidu Inc. more dominant than ever as China's biggest search engine.
Now, Robin Li, Baidu's chief executive, must figure out new ways to grow amid immense investor expectations.
Baidu's chief executive, Robin Li, pictured at the Internet search company's Beijing headquarters in July, says the company is expanding operations internationally but will probably avoid the U.S. for the time being.
Mr. Li, a soft-spoken 41-year-old engineer who co-founded Baidu in 2000 after a stint in Silicon Valley, dismisses concerns that growth in Baidu's core China search business will dry up anytime soon. With more than two-thirds of China's population not yet Internet users, Mr. Li says search advertising will remain Baidu's main growth driver for five to 15 years.
But he is looking to develop other revenue streams, including overseas and from ads on content pages created by Baidu or partners. He would also consider buying foreign Internet companies.
Baidu has played down its benefit from Google's moving its China search service to Hong Kong, but Baidu's share of revenue in China's search-advertising market grew six percentage points in the second quarter to 70%, according to Beijing-based research firm Analysys International. Google's share fell by about the same amount—to 24%.
Baidu CEO Robin Li answers questions about China's Internet search market, Google's China issues and dealing with censorship.
Mr. Li shared his strategy at Baidu's Beijing headquarters.
Excerpts:
WSJ: How would you describe China's search market right now?
Mr. Li: The search [advertising] market in China is still relatively small—smaller than the U.S., smaller than Japan, smaller than the U.K., but it is growing very fast.
WSJ: How did Google moving its China search service to Hong Kong in March open up new opportunities in China's search market?
Mr. Li: [By drawing attention to the search business] it helped educate the advertisers that search is one of the best ways for them to reach their targeted consumers. So in this sense I think it did benefit us a little bit, but because we already have such a large share, it's not obvious how much traffic we gained over this.
WSJ: Beyond search, what will be your middle- and long-term revenue drivers?
Mr. Li: The search market is in its early stage. We would be able to enjoy many years of high growth for our core search business.
And secondly, I think there are two types of growth drivers in the mid to long term. The first one is what we call the landing-page opportunity. We started to build our own content and integrate those kinds of content on our search result pages. Those kinds of content pages, we call it a landing page. We can also place sponsored links on the landing page.
One example is the Qiyi venture, [an online video-streaming site]. When people search this type of content on Baidu, we can direct users to Qiyi. And Qiyi itself can show advertising there, and make money.
There are many examples in other sectors that we would like to do going forward. So I think five years down the road, we should have a meaningful portion of our revenue from the landing-page strategy.
And the third [future revenue driver] is, of course, international.
WSJ: What are your plans for international expansion?
Mr. Li: We already started our international expansion. We launched our Japanese search [site] a couple years ago. But we realize that international expansion is a long-term investment.
I think that five to 10 years down the road we'll have a very meaningful part of our revenue come from international expansion. Right now, we only have one other language, which is Japanese, but moving forward we would launch a lot more other languages.
WSJ: Any plans to expand to the U.S.?
Mr. Li: In the U.S. you already have very strong search-engine players—Google, Microsoft, etc. I think we would be cautious entering that market. So for our international expansion we will probably avoid the U.S. for the time being.
WSJ: How do China's censorship regulations affect Baidu operations?
Mr. Li: We are used to it. We are based in China. We obviously need to abide by the Chinese law. What we found out is that our users are not very interested in those [censored terms]. They look for entertainment-oriented information, they look for business-oriented information, lifestyle, all kinds of things.
WSJ: Does it raise costs for Baidu?
Mr. Li: It does. It's a fairly comprehensive system that we need to ensure that we take necessary steps against some illegal content.
WSJ: Are you looking at M&A or investment opportunities overseas?
Mr. Li: We'll be open-minded. I think there are quite a few interesting companies outside of China. They provide good, innovative services. They're doing well, they're making money, but they're not in China. By partnering with those kinds of companies we can help promote and expand their businesses in China.
WSJ: So you're looking for partnerships rather than acquisitions?
Mr. Li: Not necessarily. Anything's possible. We'll deal with this on a case-by-case basis.
WSJ: Are you concerned that growth might not keep up with investor expectations?
Mr. Li: I'm not concerned. I don't run the company based on investor expectations. I run the company based on our own vision of the future of Internet computing and the future of the Chinese market.
I'm the founder of the company. I will stay here for a very long time. I don't need to please those short-term investors for next quarter. I need to make sure the company is healthy and strong and will continue to grow for many, many years.
Write to Owen Fletcher at Owen.Fletcher@wsj.com
Antwort auf Beitrag Nr.: 39.913.866 von kosto1929 am 02.08.10 16:42:28@ Kosto,
lies das Interview mit Robin Li und bilde Dir Deine Meinung.
Gruß
Karlll
lies das Interview mit Robin Li und bilde Dir Deine Meinung.
Gruß
Karlll
Technician Sees Breakout For Baidu (NASDAQ: BIDU)
By: TheStockAdvisors.com Wednesday, August 04, 2010 9:42 AM
Baidu (NASDAQ: BIDU) is a Chinese-language Internet search provider, has been one of the strongest in the stock market for the past few years.
The stock, which recently split 10-for-1, has broken out from a 12-week flat base today. We now rate BIDU as an excellent intermediate term play.
The company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd.
BIDU offers a Chinese-language search platform; the company also launched a Japanese search service.
This year, analysts forecast a 100% jump in net to $1.25 a share from 63 cents a year ago. The stock sells with a price-earnings ratio of 61. That would appear high, but is justified by BIDU's strong earnings growth.
Going out to 2011, Wall Street expects net to climb 57% to $1.97 a share from the anticipated $1.25 in 2010.
Net for the upcoming third quarter should climb 78% to 37 cents a share from 21 cents a year ago. The highest estimate on the Street is at 43 cents a share.
The 12 month performance chart shows the stock appreciating 125% compared with a 20% gain for the S&P 500 index. The stock has done extremely well the past several years.
BIDU's long-term chart shows the stock starting to trade in late 2005 at 8. The stock then soared to 40 by late 2007. It had major pull back during the 2008-2009 bear market.
However, it has since turned higher and is in a strong up trend and poised to make an all-time high. The stock has been sensational.
BIDU's daily chart shows the stock with a strong turn up from 40 earlier this year to a peak of 80. The stock then settled back and formed a new flat base bracketed between 68 and 78 roughly.
The base is well structured. The stock had a breakpoint at 77.76 and another at the high at 81.92. We see BIDU having to push through a breakpoint zone to clear its base convincingly.
The stock has done a lot of its basing work above its rising 50-day moving average line. So, it is still acting very strong as far as a trend pattern goes.
The stock's momentum indicator is bullish. The accumulation - distribution line is in an overall up trend, although most recently it has flattened out a bit.
Institutional sponsorship is excellent. The largest fund holder is 4-star rated T.Rowe Price Growth Stock Fund with a 1.5% stake. It was a recent seller of 41,300 shares.
The second largest fund holder is Vanguard International Growth Fund with a 1.4% stake. It was a recent buyer of 173,200 shares.
BIDU is a winner until proven otherwise. We are targeting BIDU for a move to 100.
By: TheStockAdvisors.com Wednesday, August 04, 2010 9:42 AM
Baidu (NASDAQ: BIDU) is a Chinese-language Internet search provider, has been one of the strongest in the stock market for the past few years.
The stock, which recently split 10-for-1, has broken out from a 12-week flat base today. We now rate BIDU as an excellent intermediate term play.
The company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd.
BIDU offers a Chinese-language search platform; the company also launched a Japanese search service.
This year, analysts forecast a 100% jump in net to $1.25 a share from 63 cents a year ago. The stock sells with a price-earnings ratio of 61. That would appear high, but is justified by BIDU's strong earnings growth.
Going out to 2011, Wall Street expects net to climb 57% to $1.97 a share from the anticipated $1.25 in 2010.
Net for the upcoming third quarter should climb 78% to 37 cents a share from 21 cents a year ago. The highest estimate on the Street is at 43 cents a share.
The 12 month performance chart shows the stock appreciating 125% compared with a 20% gain for the S&P 500 index. The stock has done extremely well the past several years.
BIDU's long-term chart shows the stock starting to trade in late 2005 at 8. The stock then soared to 40 by late 2007. It had major pull back during the 2008-2009 bear market.
However, it has since turned higher and is in a strong up trend and poised to make an all-time high. The stock has been sensational.
BIDU's daily chart shows the stock with a strong turn up from 40 earlier this year to a peak of 80. The stock then settled back and formed a new flat base bracketed between 68 and 78 roughly.
The base is well structured. The stock had a breakpoint at 77.76 and another at the high at 81.92. We see BIDU having to push through a breakpoint zone to clear its base convincingly.
The stock has done a lot of its basing work above its rising 50-day moving average line. So, it is still acting very strong as far as a trend pattern goes.
The stock's momentum indicator is bullish. The accumulation - distribution line is in an overall up trend, although most recently it has flattened out a bit.
Institutional sponsorship is excellent. The largest fund holder is 4-star rated T.Rowe Price Growth Stock Fund with a 1.5% stake. It was a recent seller of 41,300 shares.
The second largest fund holder is Vanguard International Growth Fund with a 1.4% stake. It was a recent buyer of 173,200 shares.
BIDU is a winner until proven otherwise. We are targeting BIDU for a move to 100.
RakuBai set to ride the Baidu wave for growth
English.news.cn 2010-08-07 15:44:21
BEIJING,Aug 7(Xinhuanet) -- Chinese Internet giant Baidu Inc' joint venture RakuBai on Friday said it expects nearly 100 million users to utilize its e-commerce site for online shopping over the next three years.
That in turn may help the company in a long term influence dominate position of Alibaba.com's e-commerce company Taobao in China's online shopping services market, said experts.
"We anticipate the Chinese online users to surpass the Japanese numbers within three years after our services go online," said Koichi Nakamura, chairman and chief executive of Beijing RakuBai Network Technology Co Ltd.
RakuBai is a joint venture set up by Baidu and Japanese online retailer Rakuten Inc in January this year. Rakuten has nearly 80 million online users in Japan.
China's gross domestic product will surpass the United States within the next 25 years, said Nakamura quoting a recent Goldman Sachs report. The focus of the global economy will shift from the United States to China, he said.
"We are here to expand and tap the country's huge e-commerce market potential," he said.
The company has already started promoting its services through a slew of promotions. Nakamura said he expects a large number of busineeses to open online stores on its shopping site, slated to commence operations in the next quarter.
Rakuten will bring its e-commerce experience in Japan to China and also come out with reward programs for customers along with other promotional activities. The company will implement stringent quality control standards and hopes to gain sizable numbers from Baidu's, said Nakamura.
At the same time the company, which currently has 100 employees, will look to boost hiring in China. Much of its revenue is expected to come from sales commissions and advertising fees.
Taobao is the dominant player in China's business-to-customer industry, and had a 76 percent share of the market in the first quarter of the year, said domestic research firm Analysys International. In 2009, the business-to-customer sector in China was about 22 billion yuan ($3.25 billion).
"In the long run, Taobao's top slot will come under threat, as more and more big players enter the market," said Cao Fei, an information technology analyst with Analysys International.
China's Internet users reached 420 million as of June this year, according to the China Internet Network Information Center.
The number of online shoppers in the nation was around 142 million, up 31.4 percent from six months earlier.
(Source:China Daily)
English.news.cn 2010-08-07 15:44:21
BEIJING,Aug 7(Xinhuanet) -- Chinese Internet giant Baidu Inc' joint venture RakuBai on Friday said it expects nearly 100 million users to utilize its e-commerce site for online shopping over the next three years.
That in turn may help the company in a long term influence dominate position of Alibaba.com's e-commerce company Taobao in China's online shopping services market, said experts.
"We anticipate the Chinese online users to surpass the Japanese numbers within three years after our services go online," said Koichi Nakamura, chairman and chief executive of Beijing RakuBai Network Technology Co Ltd.
RakuBai is a joint venture set up by Baidu and Japanese online retailer Rakuten Inc in January this year. Rakuten has nearly 80 million online users in Japan.
China's gross domestic product will surpass the United States within the next 25 years, said Nakamura quoting a recent Goldman Sachs report. The focus of the global economy will shift from the United States to China, he said.
"We are here to expand and tap the country's huge e-commerce market potential," he said.
The company has already started promoting its services through a slew of promotions. Nakamura said he expects a large number of busineeses to open online stores on its shopping site, slated to commence operations in the next quarter.
Rakuten will bring its e-commerce experience in Japan to China and also come out with reward programs for customers along with other promotional activities. The company will implement stringent quality control standards and hopes to gain sizable numbers from Baidu's, said Nakamura.
At the same time the company, which currently has 100 employees, will look to boost hiring in China. Much of its revenue is expected to come from sales commissions and advertising fees.
Taobao is the dominant player in China's business-to-customer industry, and had a 76 percent share of the market in the first quarter of the year, said domestic research firm Analysys International. In 2009, the business-to-customer sector in China was about 22 billion yuan ($3.25 billion).
"In the long run, Taobao's top slot will come under threat, as more and more big players enter the market," said Cao Fei, an information technology analyst with Analysys International.
China's Internet users reached 420 million as of June this year, according to the China Internet Network Information Center.
The number of online shoppers in the nation was around 142 million, up 31.4 percent from six months earlier.
(Source:China Daily)
SmarTrend Watching für Pullback in Aktien von Baidu Nach 1,19% Gewinn (BIDU)
Geschrieben am Di, 2010.08.10 - 12:59 Amby Chip Brian
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von 86,70 $ auf ein Hoch von 88,00 $ aufgespannt. Gestern gewannen die Aktien 1,19%, die Trading Range oberhalb der 3-Tages-Hoch von 86,91 $ am Volumen 8.800.000 Aktien übernahm.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 74,97 $ und über ihre 200-Tage-MA von 57,22 $. Suchen Sie diese MAs zu bieten Unterstützung für einen kurzfristigen Pullback an den Aktien.
SmarTrend ist auf Aktien von Baidu bullish und unsere Abonnenten wurden alarmiert, um am 23. Juli 2010 bei 76,36 $ kaufen. Der Bestand hat sich um 14,7% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass der Aktienkurs Pullback in Richtung 86,91 $ Support-Level. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in den Internet Information Providers SmarTrend Industrie.
Geschrieben am Di, 2010.08.10 - 12:59 Amby Chip Brian
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von 86,70 $ auf ein Hoch von 88,00 $ aufgespannt. Gestern gewannen die Aktien 1,19%, die Trading Range oberhalb der 3-Tages-Hoch von 86,91 $ am Volumen 8.800.000 Aktien übernahm.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 74,97 $ und über ihre 200-Tage-MA von 57,22 $. Suchen Sie diese MAs zu bieten Unterstützung für einen kurzfristigen Pullback an den Aktien.
SmarTrend ist auf Aktien von Baidu bullish und unsere Abonnenten wurden alarmiert, um am 23. Juli 2010 bei 76,36 $ kaufen. Der Bestand hat sich um 14,7% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass der Aktienkurs Pullback in Richtung 86,91 $ Support-Level. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in den Internet Information Providers SmarTrend Industrie.
Big moving companies quit Baidu
Created: 2010-8-12 0:33:35
SHANGHAI'S legal moving companies announced yesterday that they will quit the online business platform of Baidu.com, accusing it of promoting unlicensed moving firms.
More than 20 licensed companies said they will also stop advertising and paid links with Baidu.
After the pullout, all information about moving companies on Baidu would then belong to unlicensed firms, according to a joint statement issued yesterday by the industry association.
The Shanghai Traffic Law Enforcement team said there are at least 300 unlicensed companies that use the same names as licensed firms.
Last year, there were more than 730 complaints about fake business operators overcharging or even stealing goods from customers, officials said. Some unlicensed firms were found leaving the phone number of a licensed company to customers who intended to complain.
"The fakes make the money while the real companies take the blame," said the association's statement.
Earlier this year the city closed 35 websites related to unlicensed moving companies.
Many unauthorized companies have paid Baidu to promote their links and phone numbers, the legal companies claimed.
The industry association called on Baidu to stop selling links to unlicensed moving firms as it has largely damaged the reputation of approved firms.
Liu Weijun, vice general manager of Shanghai Gongxing House-moving and Logistic Co, said they sent a complaint letter in late July to Baidu. It demanded that all links to unlicensed companies be removed in three days.
"It's embarrassing when a customer complains and it turns out they were cheated by somebody else," Liu said.
A Baidu public relations official said she did not know about Gongxing's letter.
Created: 2010-8-12 0:33:35
SHANGHAI'S legal moving companies announced yesterday that they will quit the online business platform of Baidu.com, accusing it of promoting unlicensed moving firms.
More than 20 licensed companies said they will also stop advertising and paid links with Baidu.
After the pullout, all information about moving companies on Baidu would then belong to unlicensed firms, according to a joint statement issued yesterday by the industry association.
The Shanghai Traffic Law Enforcement team said there are at least 300 unlicensed companies that use the same names as licensed firms.
Last year, there were more than 730 complaints about fake business operators overcharging or even stealing goods from customers, officials said. Some unlicensed firms were found leaving the phone number of a licensed company to customers who intended to complain.
"The fakes make the money while the real companies take the blame," said the association's statement.
Earlier this year the city closed 35 websites related to unlicensed moving companies.
Many unauthorized companies have paid Baidu to promote their links and phone numbers, the legal companies claimed.
The industry association called on Baidu to stop selling links to unlicensed moving firms as it has largely damaged the reputation of approved firms.
Liu Weijun, vice general manager of Shanghai Gongxing House-moving and Logistic Co, said they sent a complaint letter in late July to Baidu. It demanded that all links to unlicensed companies be removed in three days.
"It's embarrassing when a customer complains and it turns out they were cheated by somebody else," Liu said.
A Baidu public relations official said she did not know about Gongxing's letter.
Baidu Said to Launch Computer Manager, Software Search
Posted on: Mon, 16 Aug 2010 07:49:20 EDT
SHANGHAI, Aug 16, 2010 (SinoCast Daily Business Beat via COMTEX) --
Baidu Inc. (NASDAQ: BIDU | PowerRating), the leading Chinese language Internet search provider, is set to launch a computer management product, said sources.
The product, integrating the functions including downloading, software management and anti-virus, will be embedded with a high-speed download manager. The download manager, with cloud installation mode, will allow users to achieve fast downloading, installation and use.
Baidu will kick off promotion of the product and as planned, download Web sites will gain income sharing provided that they take part in the promotion.
Meanwhile, Baidu will launch its software search function. Based on XML format provided by the company, download Web sites could submit software data to its software search platform. Later, the platform will arrange the data in indices such as download speed
, download Web site security, and software security and then present them to users.
So far, it has been unknown when the Nasdaq-listed company will formally launch the two products.
Source: www.sina.com.cn (August 16, 2010)
Posted on: Mon, 16 Aug 2010 07:49:20 EDT
SHANGHAI, Aug 16, 2010 (SinoCast Daily Business Beat via COMTEX) --
Baidu Inc. (NASDAQ: BIDU | PowerRating), the leading Chinese language Internet search provider, is set to launch a computer management product, said sources.
The product, integrating the functions including downloading, software management and anti-virus, will be embedded with a high-speed download manager. The download manager, with cloud installation mode, will allow users to achieve fast downloading, installation and use.
Baidu will kick off promotion of the product and as planned, download Web sites will gain income sharing provided that they take part in the promotion.
Meanwhile, Baidu will launch its software search function. Based on XML format provided by the company, download Web sites could submit software data to its software search platform. Later, the platform will arrange the data in indices such as download speed
, download Web site security, and software security and then present them to users.
So far, it has been unknown when the Nasdaq-listed company will formally launch the two products.
Source: www.sina.com.cn (August 16, 2010)
Search Engine Partnerships Emergeby Dan Su, CFA | 08-16-10 | 8:12AM
Search engine giant Baidu had better watch out: Two search engine alliances were announced this past week as strong growth and attractive margins lure more businesses into the paid search market. On Friday, China Mobile and Xinhua News Agency announced that they are forming a joint venture to launch search engine services. Their plan is to marry Xinhua's edge in real-time news and information with China Mobile's huge subscriber base and business savvy, although neither side has much experience in the highly competitive Internet business, not to mention specific online search.
These firms have several factors in their favor: Both have strong brand recognition, and their government background should make it easier to obtain necessary regulatory approvals to get things started. However, running a successful search engine is a capital -and research-intensive business, and it would take several years to build a sufficiently robust technology platform and gather enough Internet traffic for the business model to work. We are skeptical that the alliance will make a dent in the overall search market in the near future, although the chance of success will be higher if the alliance focuses on location-based mobile search, given its easy access to China Mobile's 500 million subscribers. We think the alliance can easily make its search engine the default on the subscribers' mobile devices, but ultimately, it has to offer a comparable user experience to keep these users from switching to Baidu, which controls a third of the mobile search market and has invested heavily in the area.
We think the tie-up between Internet veterans Sohu and Alibaba, announced earlier last week, poses a more credible threat to Baidu. Sohu said it will spin off online search unit Sogou into a stand-alone business and sell a 16% stake to Alibaba Group founder Jack Ma and another 16% to Sohu founder and CEO Charles Zhang, although details of the capital injection and business collaboration were not disclosed.
We think the stake purchase by Ma sent a positive signal that Sogou can thrive as a viable search business and the tie-up will open many doors for the search engine in the e-commerce world, where Alibaba is a revered leader. Alibaba should also benefit from a search engine in its portfolio, which can connect buyers and sellers more efficiently online. We think collaboration between the two will most likely start in paid search for e-commerce, in order to leverage Alibaba's huge client base and well-established online payment system.
Sohu breaks out sales and gross profits for Sogou search in quarterly results. The search unit accounts for a tiny portion of Sohu's total sales (about 2%) and lost money in most quarters. According to a recent survey by third-party researcher Analysys, Sogou is the third most popular search engine in China with 0.8% market share, behind Baidu (70%) and Google (24%). Paid search advertisers reported by Sogou is only a fraction of the 400,000 small businesses that do business with Baidu, so there is plenty of room to grow if the small search engine can take advantage of its connection with Alibaba.
Search engine giant Baidu had better watch out: Two search engine alliances were announced this past week as strong growth and attractive margins lure more businesses into the paid search market. On Friday, China Mobile and Xinhua News Agency announced that they are forming a joint venture to launch search engine services. Their plan is to marry Xinhua's edge in real-time news and information with China Mobile's huge subscriber base and business savvy, although neither side has much experience in the highly competitive Internet business, not to mention specific online search.
These firms have several factors in their favor: Both have strong brand recognition, and their government background should make it easier to obtain necessary regulatory approvals to get things started. However, running a successful search engine is a capital -and research-intensive business, and it would take several years to build a sufficiently robust technology platform and gather enough Internet traffic for the business model to work. We are skeptical that the alliance will make a dent in the overall search market in the near future, although the chance of success will be higher if the alliance focuses on location-based mobile search, given its easy access to China Mobile's 500 million subscribers. We think the alliance can easily make its search engine the default on the subscribers' mobile devices, but ultimately, it has to offer a comparable user experience to keep these users from switching to Baidu, which controls a third of the mobile search market and has invested heavily in the area.
We think the tie-up between Internet veterans Sohu and Alibaba, announced earlier last week, poses a more credible threat to Baidu. Sohu said it will spin off online search unit Sogou into a stand-alone business and sell a 16% stake to Alibaba Group founder Jack Ma and another 16% to Sohu founder and CEO Charles Zhang, although details of the capital injection and business collaboration were not disclosed.
We think the stake purchase by Ma sent a positive signal that Sogou can thrive as a viable search business and the tie-up will open many doors for the search engine in the e-commerce world, where Alibaba is a revered leader. Alibaba should also benefit from a search engine in its portfolio, which can connect buyers and sellers more efficiently online. We think collaboration between the two will most likely start in paid search for e-commerce, in order to leverage Alibaba's huge client base and well-established online payment system.
Sohu breaks out sales and gross profits for Sogou search in quarterly results. The search unit accounts for a tiny portion of Sohu's total sales (about 2%) and lost money in most quarters. According to a recent survey by third-party researcher Analysys, Sogou is the third most popular search engine in China with 0.8% market share, behind Baidu (70%) and Google (24%). Paid search advertisers reported by Sogou is only a fraction of the 400,000 small businesses that do business with Baidu, so there is plenty of room to grow if the small search engine can take advantage of its connection with Alibaba.
[August 20, 2010]
Baidu mulls streaming media platform
BEIJING, Aug 20, 2010 (Xinhua via COMTEX) -- The Chinese language search engine, Baidu (BIDU.NASDAQ) is working on developing a streaming media platform to enlarge its client-end product lines, said reports with Tech.sina.com.cn Friday.
According to the report, the platform is to include such supporting systems as a player, program requesting system, contents management system, and an advertising alliance system.
"The company plans to put 10 percent of new recruitment into R&D of the project", the report said.
Analysts said that the Baidu's trials in streaming media are an intentional step towards China's tri-networks integration, or the integration of telecommunications networks, cable TV networks, and the Internet.
However, so far Baidu has declined to comment on the news. (Edited by Duan Jing, duanjing@xinhua.org)
Baidu mulls streaming media platform
BEIJING, Aug 20, 2010 (Xinhua via COMTEX) -- The Chinese language search engine, Baidu (BIDU.NASDAQ) is working on developing a streaming media platform to enlarge its client-end product lines, said reports with Tech.sina.com.cn Friday.
According to the report, the platform is to include such supporting systems as a player, program requesting system, contents management system, and an advertising alliance system.
"The company plans to put 10 percent of new recruitment into R&D of the project", the report said.
Analysts said that the Baidu's trials in streaming media are an intentional step towards China's tri-networks integration, or the integration of telecommunications networks, cable TV networks, and the Internet.
However, so far Baidu has declined to comment on the news. (Edited by Duan Jing, duanjing@xinhua.org)
Baidu Recruits Video Player Programmers
Sohu IT, 8/20/10
Chinese internet company Baidu (Nasdaq: BIDU) has announced on its jobs webpage that it is recruiting several video codec engineers and video player product staff. Positions include video codec engineers, product designers, marketing staff, user interaction designers, operations staff, user research engineers, and senior visual designers. Applicants are required to have experience in player design and streaming on-demand media development; product designers will be responsible for the design of functionality including on-demand streaming and advertising network systems.
A source revealed that in addition to its video site Qiyi.com, Baidu resolved early this year to update its video strategy by overhauling its video search, releasing a client-side media player, and by integrating future products with the Baidu Union advertising network.
On March 3, Baidu announced in an internal email to employees that it was establishing a client application division to head up the former client software, client software services, and TTPlayer divisions.
Sohu IT, 8/20/10
Chinese internet company Baidu (Nasdaq: BIDU) has announced on its jobs webpage that it is recruiting several video codec engineers and video player product staff. Positions include video codec engineers, product designers, marketing staff, user interaction designers, operations staff, user research engineers, and senior visual designers. Applicants are required to have experience in player design and streaming on-demand media development; product designers will be responsible for the design of functionality including on-demand streaming and advertising network systems.
A source revealed that in addition to its video site Qiyi.com, Baidu resolved early this year to update its video strategy by overhauling its video search, releasing a client-side media player, and by integrating future products with the Baidu Union advertising network.
On March 3, Baidu announced in an internal email to employees that it was establishing a client application division to head up the former client software, client software services, and TTPlayer divisions.
BAIDU - Kurze Pause und weiter...
von Maciej Gaj
Freitag 20.08.2010, 14:50 Uhr
... Richtung neuer Jahreshochs.
Baidu .com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 83,67 $
Rückblick: Die Aktie von Baidu bewegte sich vom Dezembertief 2008 bei 10,05 $ stetig nach oben, knackte den Widerstand bei 42,91 $ aus Oktober 2007 und stieg vor wenigen Tagen bis auf ein Allzeithoch bei 88,32 $ an. Dabei hat die Aktie mehr als 161,8 % der vorhergehenden Abwärtsbewegung nach oben zurück gelegt und bewegt sich noch immer in einem stabilen Aufwärtstrend.
In den letzten Tagen sprang Baidu über den Horizontalwiderstand bei 82,29 $ hinweg und markierte damit ein neues Allzeithoch bei 88,32 $. Nach dem Hoch drehte der Kurs jedoch in einen sehr kurzfristigen Abwärtstrend nach unten hin ab. Dies kann sich als eine bullische Flagge herausstellen, wenn der Trend nach oben hin verlassen wird.
Charttechnischer Ausblick: Nach einem kurzen Rücksetzer bis ca. 77,64 $, besteht eine relativ gute Chance für die Aktie sich nach oben hin aus der Flagge zu befreien und weiter Richtung 96,39 $, was dem 261,8% Fibo- Retracement entspricht anzusteigen. Ein höheres Ziel kann im Moment nicht projiziert werden, weil das noch nie da gewesene Kurse sind und der Rest reine Spekulation wäre.
Kann die Unterstützung um 77,64 $ nicht gehalten werden und der Wert rutscht unter den mittelfristigen Aufwärtstrend ab, so kommen aktuelle Unterstützungen im Bereich der Schiebezone bei 66,03 $ ins Spiel. Darunter kann sogar die Marke von ca. 62,85 $ angelaufen werden.
Kursverlauf vom 29.12.2009 bis 19.08.2010 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
von Maciej Gaj
Freitag 20.08.2010, 14:50 Uhr
... Richtung neuer Jahreshochs.
Baidu .com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 83,67 $
Rückblick: Die Aktie von Baidu bewegte sich vom Dezembertief 2008 bei 10,05 $ stetig nach oben, knackte den Widerstand bei 42,91 $ aus Oktober 2007 und stieg vor wenigen Tagen bis auf ein Allzeithoch bei 88,32 $ an. Dabei hat die Aktie mehr als 161,8 % der vorhergehenden Abwärtsbewegung nach oben zurück gelegt und bewegt sich noch immer in einem stabilen Aufwärtstrend.
In den letzten Tagen sprang Baidu über den Horizontalwiderstand bei 82,29 $ hinweg und markierte damit ein neues Allzeithoch bei 88,32 $. Nach dem Hoch drehte der Kurs jedoch in einen sehr kurzfristigen Abwärtstrend nach unten hin ab. Dies kann sich als eine bullische Flagge herausstellen, wenn der Trend nach oben hin verlassen wird.
Charttechnischer Ausblick: Nach einem kurzen Rücksetzer bis ca. 77,64 $, besteht eine relativ gute Chance für die Aktie sich nach oben hin aus der Flagge zu befreien und weiter Richtung 96,39 $, was dem 261,8% Fibo- Retracement entspricht anzusteigen. Ein höheres Ziel kann im Moment nicht projiziert werden, weil das noch nie da gewesene Kurse sind und der Rest reine Spekulation wäre.
Kann die Unterstützung um 77,64 $ nicht gehalten werden und der Wert rutscht unter den mittelfristigen Aufwärtstrend ab, so kommen aktuelle Unterstützungen im Bereich der Schiebezone bei 66,03 $ ins Spiel. Darunter kann sogar die Marke von ca. 62,85 $ angelaufen werden.
Kursverlauf vom 29.12.2009 bis 19.08.2010 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
ANALYSIS: CHINA'S WIRELESS SEARCH MARKET SEES GROWTH IN H1
Posted on: Mon, 23 Aug 2010 00:47:42 EDT
BEIJING, Aug 23, 2010 (AsiaPulse via COMTEX) --
China's wireless search market achieved robust growth in the first half of 2010, according to statistics released by market research
firm Analysys International.
The traffic of wireless search in the first half of the year grew from 315 million times each day at the end of 2009 to 401 million times, rising 27.3 per cent. The daily traffic of page view (PV) increased 39.8 per cent to 1.58 billion times from 1.13 billion times by the end of 2009.
Analysys International holds that the vigorous development of China's wireless search market in the first half of 2010 should be attributed to three factors: first, the overall environment for the mobile Internet has been improved, which offered better use experience for service subscribers. Second, mobile Internet operators led by Baidu (BIDU.NASDAQ) launched cooperation between telecom operators and hardware manufacturers, which considerably expanded the number of wireless search service users. Third, wireless search firms made continual efforts to optimize existing products and development new products.
The structure of China's wireless search market changed a lot in the first half of this year, due to the rapid slide in market share of Google China. The market share held by Google China before its departure immediately became the target of other wireless search firms.
Market structure of the wireless search remained stable in the period from the final quarter of 2008 to the last quarter of 2009. The market shares of Baidu and Google converged, and they generally shared the leading position in the market.
The market share of Baidu surged from 26.55 per cent to 34.44 per cent by the second quarter of 2010, while Google's dived from 23.63 per cent to 12.29 per cent, and was surpassed by Easou.com, which until then had always been in the third place.
According to Analysys International, the PV volume and wireless search traffic will continue to increase, but the growth rate of both is expected to drop to about 11 per cent and 7 per cent respectively in the next two months, due to insufficient user coverage.
The market structure will not see major adjustment in the short term, but the market share of Baidu may increase further, and the market competition among wireless search firms in the second-tier group make be more intensive after the participation of China's leading web portals Tencent (0700.HK) and NetEase (NTES.Nasdaq), which respectively operate Soso.com and Youdao.com.
(XIC) ry
Posted on: Mon, 23 Aug 2010 00:47:42 EDT
BEIJING, Aug 23, 2010 (AsiaPulse via COMTEX) --
China's wireless search market achieved robust growth in the first half of 2010, according to statistics released by market research
firm Analysys International.
The traffic of wireless search in the first half of the year grew from 315 million times each day at the end of 2009 to 401 million times, rising 27.3 per cent. The daily traffic of page view (PV) increased 39.8 per cent to 1.58 billion times from 1.13 billion times by the end of 2009.
Analysys International holds that the vigorous development of China's wireless search market in the first half of 2010 should be attributed to three factors: first, the overall environment for the mobile Internet has been improved, which offered better use experience for service subscribers. Second, mobile Internet operators led by Baidu (BIDU.NASDAQ) launched cooperation between telecom operators and hardware manufacturers, which considerably expanded the number of wireless search service users. Third, wireless search firms made continual efforts to optimize existing products and development new products.
The structure of China's wireless search market changed a lot in the first half of this year, due to the rapid slide in market share of Google China. The market share held by Google China before its departure immediately became the target of other wireless search firms.
Market structure of the wireless search remained stable in the period from the final quarter of 2008 to the last quarter of 2009. The market shares of Baidu and Google converged, and they generally shared the leading position in the market.
The market share of Baidu surged from 26.55 per cent to 34.44 per cent by the second quarter of 2010, while Google's dived from 23.63 per cent to 12.29 per cent, and was surpassed by Easou.com, which until then had always been in the third place.
According to Analysys International, the PV volume and wireless search traffic will continue to increase, but the growth rate of both is expected to drop to about 11 per cent and 7 per cent respectively in the next two months, due to insufficient user coverage.
The market structure will not see major adjustment in the short term, but the market share of Baidu may increase further, and the market competition among wireless search firms in the second-tier group make be more intensive after the participation of China's leading web portals Tencent (0700.HK) and NetEase (NTES.Nasdaq), which respectively operate Soso.com and Youdao.com.
(XIC) ry
Deutsche Bank Downgrades Baidu (BIDU) to Hold
August 23, 2010 7:49 AM EDT
Deutsche Bank downgrades Baidu (Nasdaq: BIDU) from Buy to Hold. The firm raised its price target on the stock from $80 to $86.
The firm believes that "With Baidu’s monetization metrics having taken a step up to a higher level, we expect the incremental benefit from Phoenix Nest to wane. We thus expect upside potential to market forecasts to be limited." Deutsche said its new price target reflects "stronger-than-expected operating leverage and a lower TAC payout ratio."
Shares of Baidu are indicated about 1.2% lower in this morning's pre-market session.
August 23, 2010 7:49 AM EDT
Deutsche Bank downgrades Baidu (Nasdaq: BIDU) from Buy to Hold. The firm raised its price target on the stock from $80 to $86.
The firm believes that "With Baidu’s monetization metrics having taken a step up to a higher level, we expect the incremental benefit from Phoenix Nest to wane. We thus expect upside potential to market forecasts to be limited." Deutsche said its new price target reflects "stronger-than-expected operating leverage and a lower TAC payout ratio."
Shares of Baidu are indicated about 1.2% lower in this morning's pre-market session.
Antwort auf Beitrag Nr.: 40.029.408 von Karlll am 23.08.10 14:20:45wird zeit das wir das allzeithoch knacken.
gruss
gruss
Antwort auf Beitrag Nr.: 40.091.481 von sir1 am 02.09.10 20:00:56Könnte durchaus klappen in einem positiven Börsenumfeld, denn Samsung Securities hat das
Target auf 107,-- $ angehoben.
Samsung Securities Upgrades Baidu (BIDU) to a 'Three-Star Buy' After Attending Baidu World Conference in Beijing
September 2, 2010 4:09 PM EDT
Samsung Securities upgrades Baidu (Nasdaq: BIDU) to a Three-Star Buy rating and raises PT from $86 to $107.
Samsung analyst says, "Besides continuing to improve the quality of its search engine and expanding its internet search ad revenues, Baidu’s CEO, Robin Li, discussed Baidu’s plans to derive revenues through third-party applications in its Box Computing initiative...We also believe that Baidu’s Phoenix Nest platform and strong customer growth will drive strong revenue growth during 2H...We believe the market will be pleased to hear that 3Q remains on track, and shares are likely to trade up on the back of positive commentary post this conference."
"We also raise our non-GAAP EPS estimate for 2010 to US$1.54 (from US$1.52) and our 2011 EPS estimate to US$2.35 (from US$2.22)."
To see all the upgrades/downgrades on shares of BIDU, visit our Analyst Ratings page.
Shares of BIDU gained $0.77 (+0.94%) today and the stock is up over 150% in the past 12 months.
Target auf 107,-- $ angehoben.
Samsung Securities Upgrades Baidu (BIDU) to a 'Three-Star Buy' After Attending Baidu World Conference in Beijing
September 2, 2010 4:09 PM EDT
Samsung Securities upgrades Baidu (Nasdaq: BIDU) to a Three-Star Buy rating and raises PT from $86 to $107.
Samsung analyst says, "Besides continuing to improve the quality of its search engine and expanding its internet search ad revenues, Baidu’s CEO, Robin Li, discussed Baidu’s plans to derive revenues through third-party applications in its Box Computing initiative...We also believe that Baidu’s Phoenix Nest platform and strong customer growth will drive strong revenue growth during 2H...We believe the market will be pleased to hear that 3Q remains on track, and shares are likely to trade up on the back of positive commentary post this conference."
"We also raise our non-GAAP EPS estimate for 2010 to US$1.54 (from US$1.52) and our 2011 EPS estimate to US$2.35 (from US$2.22)."
To see all the upgrades/downgrades on shares of BIDU, visit our Analyst Ratings page.
Shares of BIDU gained $0.77 (+0.94%) today and the stock is up over 150% in the past 12 months.
16.09.2010 12:50
China Mobile - bald neuer Konkurrent für Baidu?
EMFIS.COM - Peking 16.09.2010 (www.emfis.com) Das weltgrößte Mobilfunkunternehmen, China Mobile plant bis nächstes Jahr eine eigene Internetsuchmaschine an den Start zu bringen. Der Konzern würde damit in direkte Konkurrenz zu dem Branchenprimus Baidu treten. China Mobile sucht zurzeit nach neuen Wegen um der nachlassenden Nachfrage auf dem chinesischen Mobilfunkmarkt entgegenzutreten. Ein Weg ist eine stärkere Internet Präsenz. Genauere Details zu der geplanten Suchmaschine wurden leider noch nicht bekannt.
© 2010 EMFIS.COM
China Mobile - bald neuer Konkurrent für Baidu?
EMFIS.COM - Peking 16.09.2010 (www.emfis.com) Das weltgrößte Mobilfunkunternehmen, China Mobile plant bis nächstes Jahr eine eigene Internetsuchmaschine an den Start zu bringen. Der Konzern würde damit in direkte Konkurrenz zu dem Branchenprimus Baidu treten. China Mobile sucht zurzeit nach neuen Wegen um der nachlassenden Nachfrage auf dem chinesischen Mobilfunkmarkt entgegenzutreten. Ein Weg ist eine stärkere Internet Präsenz. Genauere Details zu der geplanten Suchmaschine wurden leider noch nicht bekannt.
© 2010 EMFIS.COM
Antwort auf Beitrag Nr.: 40.161.531 von Karlll am 16.09.10 13:49:19Glaubst du die haben wirklich Chancen? Ich denke Bidu wird sein Quasi-Monopol behalten.
Baidu , warum bin ich damals vor 4 Jahren nur ausgestiegen
eine meiner größten Fehler, das Wachstum wird noch viele Jahre anhalten
eine meiner größten Fehler, das Wachstum wird noch viele Jahre anhalten
Antwort auf Beitrag Nr.: 40.196.509 von mann337 am 23.09.10 09:31:03Mach dir keinen Kopf, es konnte keiner ahnen das sich Google mit den Machthabern in China anlegt und sich so selbst Steine in den Weg legt.
Antwort auf Beitrag Nr.: 40.162.691 von kosto1929 am 16.09.10 16:14:46Wer hat nicht schon alles versucht, Google das Wasser abzugraben - und ist es gelungen?
Antwort auf Beitrag Nr.: 40.196.509 von mann337 am 23.09.10 09:31:03Wenn Du der Ansicht bist, dann will ich hoffen, daß Du jetzt investiert bist.
Gruß Karlll
Gruß Karlll
Antwort auf Beitrag Nr.: 40.196.557 von kosto1929 am 23.09.10 09:39:20Selbst wenn das nicht passiert wäre, hätte Baidu noch excellent performed bis jetzt.
Gruß Karlll
Gruß Karlll
Antwort auf Beitrag Nr.: 40.162.691 von kosto1929 am 16.09.10 16:14:46@ Kosto
... das scheint der Markt auch zu glauben.
... das scheint der Markt auch zu glauben.
Antwort auf Beitrag Nr.: 40.197.680 von Karlll am 23.09.10 11:44:12nein bin jetzt an einer anderen Sache drann
Das aktuelle KGV beträgt 90
Das KGV von 2011 bei 44
Wenn das Wachstum so anhält und die Erwartungen erfüllt werden, dann halte ich den Titel nach wie vor für vielversprechend.
Das Wachstum beträgt voraussichtlich 50% bei Umsatz und Gewinn. Wer hat diese Werte?
Kommt eine Enttäuschung, dann bricht das Kartenhaus schnell zusammen.
Das KUV beträgt 39, das KBV 36. Da gibt es nur noch die Falltür.
Das KGV von 2011 bei 44
Wenn das Wachstum so anhält und die Erwartungen erfüllt werden, dann halte ich den Titel nach wie vor für vielversprechend.
Das Wachstum beträgt voraussichtlich 50% bei Umsatz und Gewinn. Wer hat diese Werte?
Kommt eine Enttäuschung, dann bricht das Kartenhaus schnell zusammen.
Das KUV beträgt 39, das KBV 36. Da gibt es nur noch die Falltür.
Baidu Post Bar Reaches 1 Bln Visits Daily
The Beijing News, 9/26/10
Shu Xun, GM of Chinese Internet company Baidu's (Nasdaq: BIDU) Baidu Post Bar BBS division, has revealed that traffic has doubled since the product was placed under its own division in August 2009, reaching 1 bln daily visits at its peak.
Baidu Post Bar is currently looking into generating revenue through social games. Shu said that Baidu Post Bar will release self-developed social games early next year. If successful, Baidu Post Bar will develop a game API to allow third-party developers to also release games on the platform.
Shu added that Baidu Post Bar's next goal is to improve the site's SNS functionality. Since its release ten months ago, iPost Bar has reached 60 mln registered users.
Editor's Note: For more background on this topic, please see "Baidu Opens Post Bar Business Division" MD 8/10/10 issue.
The Beijing News, 9/26/10
Shu Xun, GM of Chinese Internet company Baidu's (Nasdaq: BIDU) Baidu Post Bar BBS division, has revealed that traffic has doubled since the product was placed under its own division in August 2009, reaching 1 bln daily visits at its peak.
Baidu Post Bar is currently looking into generating revenue through social games. Shu said that Baidu Post Bar will release self-developed social games early next year. If successful, Baidu Post Bar will develop a game API to allow third-party developers to also release games on the platform.
Shu added that Baidu Post Bar's next goal is to improve the site's SNS functionality. Since its release ten months ago, iPost Bar has reached 60 mln registered users.
Editor's Note: For more background on this topic, please see "Baidu Opens Post Bar Business Division" MD 8/10/10 issue.
Da gingen gerade 660 Stück über den Tisch, da weiss einer mehr.
Antwort auf Beitrag Nr.: 40.215.162 von fatboy64 am 27.09.10 11:51:43Du meinst in Frankfurt? Das ist doch nicht dein Ernst, oder?
Eigentlich ist es etwas unglaublich, aber es ist keine Fiktion.
Baidu notiert über 100 US-$. Unglaublich aber wahr!!!
100.48
+2.65 (2.71%)
Real-time: 9:37AM EDT
NASDAQ real-time data - Disclaimer
Baidu notiert über 100 US-$. Unglaublich aber wahr!!!
100.48
+2.65 (2.71%)
Real-time: 9:37AM EDT
NASDAQ real-time data - Disclaimer
Antwort auf Beitrag Nr.: 40.216.765 von Karlll am 27.09.10 15:40:50Das mag ja psychologisch eine Wirkung haben, aber über die Bewertung sagt es nichts aus.
Die stabilsten Kursverläufe habe ich in den hohen Regionen erlebt.
Die stabilsten Kursverläufe habe ich in den hohen Regionen erlebt.
Monday, September 27, 2010 ET
Baidu: Pacific Crest Boosts Target, Lifts Estimates; Shrs Rally
By Eric Savitz
Pacific Crest analyst Steve Weinstein this morning repeated his Outperform rating on Baidu (BIDU), lifting his price target on the stock to $140, from $80. He also raised his 2011 estimates on the company: he now sees revenue of $1.95 billion and profits of $2.29 a share, up from $1.76 billion and $2.02.
“We believe the current business momentum reflects the benefits of Phoenix Nest [the company's ad keyword bidding system] and a renewed sales effort,” he writes in a research note. “The benefits from these drivers are still at an early stage and should continue well through 2011. Additionally, we believe that 2011 or 2012 will be the year e-commerce reaches critical mass in China and merchants begin to embrace search marketing, providing another leg of growth. Based on these drivers, we expect growth to exceed 50% in 2012.”
BIDU is up $3.97, or 4.1%, to $101.80.
Baidu: Pacific Crest Boosts Target, Lifts Estimates; Shrs Rally
By Eric Savitz
Pacific Crest analyst Steve Weinstein this morning repeated his Outperform rating on Baidu (BIDU), lifting his price target on the stock to $140, from $80. He also raised his 2011 estimates on the company: he now sees revenue of $1.95 billion and profits of $2.29 a share, up from $1.76 billion and $2.02.
“We believe the current business momentum reflects the benefits of Phoenix Nest [the company's ad keyword bidding system] and a renewed sales effort,” he writes in a research note. “The benefits from these drivers are still at an early stage and should continue well through 2011. Additionally, we believe that 2011 or 2012 will be the year e-commerce reaches critical mass in China and merchants begin to embrace search marketing, providing another leg of growth. Based on these drivers, we expect growth to exceed 50% in 2012.”
BIDU is up $3.97, or 4.1%, to $101.80.
Baidu is ne Granate 
und wird sie bleiben
und wird sie bleiben
Von Eric Savitz
Pacific Crest-Analyst Steve Weinstein heute Morgen wiederholte seine Outperform auf Baidu (BIDU), hob das Kursziel an der Börse bis zu $ 140, von 80 $. Er hob seine Schätzungen 2011 auf das Unternehmen: Er sieht nun einen Umsatz von $ 195000000 und einen Gewinn von $ 2,29 pro Aktie, aus $ 17600000 und $ 2.02.
"Wir glauben, die aktuelle geschäftliche Dynamik spiegelt die Vorteile der Phoenix Nest [der Firma Ad-Keyword-Bidding System] und einer erneuten Umsatz Aufwand", schreibt er in einer Research Note. "Die Vorteile aus diesen Treiber sind noch in einem frühen Stadium und sollte auch weiterhin bis 2011. Darüber hinaus glauben wir, dass 2011 oder 2012 wird das Jahr E-Commerce erreicht die kritische Masse in China und Händlern beginnen, Suchmaschinen-Marketing umfassen werden, wodurch ein weiteres Standbein des Wachstums. Basierend auf diesen Fahrer erwarten wir ein Wachstum von 50% im Jahr 2012 übertreffen. "
BIDU ist bis $ 3.97, oder 4.1% auf $ 101,80.
Anhören
UmschriftWörterbuch - Detaillierten Wörterbucheintrag anzeigen
Pacific Crest-Analyst Steve Weinstein heute Morgen wiederholte seine Outperform auf Baidu (BIDU), hob das Kursziel an der Börse bis zu $ 140, von 80 $. Er hob seine Schätzungen 2011 auf das Unternehmen: Er sieht nun einen Umsatz von $ 195000000 und einen Gewinn von $ 2,29 pro Aktie, aus $ 17600000 und $ 2.02.
"Wir glauben, die aktuelle geschäftliche Dynamik spiegelt die Vorteile der Phoenix Nest [der Firma Ad-Keyword-Bidding System] und einer erneuten Umsatz Aufwand", schreibt er in einer Research Note. "Die Vorteile aus diesen Treiber sind noch in einem frühen Stadium und sollte auch weiterhin bis 2011. Darüber hinaus glauben wir, dass 2011 oder 2012 wird das Jahr E-Commerce erreicht die kritische Masse in China und Händlern beginnen, Suchmaschinen-Marketing umfassen werden, wodurch ein weiteres Standbein des Wachstums. Basierend auf diesen Fahrer erwarten wir ein Wachstum von 50% im Jahr 2012 übertreffen. "
BIDU ist bis $ 3.97, oder 4.1% auf $ 101,80.
Anhören
UmschriftWörterbuch - Detaillierten Wörterbucheintrag anzeigen
Antwort auf Beitrag Nr.: 40.219.131 von mann337 am 27.09.10 20:32:13@ Mann,
Wie sieht es eigentlich mit Enggement in BYD aus, dort hört man kaum noch von Dir?
Gruß
Karlll
Wie sieht es eigentlich mit Enggement in BYD aus, dort hört man kaum noch von Dir?
Gruß
Karlll
Antwort auf Beitrag Nr.: 40.219.526 von Karlll am 27.09.10 21:28:44hi Karll bin ich schon seit langem raus
biste noch bei Baidu? warscheinlich ja
mehr geht nich mit einer Aktie
ich mach jetzt in seltene Erden
biste noch bei Baidu? warscheinlich ja
mehr geht nich mit einer Aktie
ich mach jetzt in seltene Erden
Antwort auf Beitrag Nr.: 40.216.765 von Karlll am 27.09.10 15:40:50Die nächste Marke die wir knacken sind die 100-EURO!
Antwort auf Beitrag Nr.: 40.219.656 von mann337 am 27.09.10 21:47:30Nun, eine Lynas, Avalon usw. haben da ja jüngstens auch recht ordentlich performed.
Da scheint die Kohle dann auch recht ordentlich aufgehoben. Und wenn zum Jahresende noch
mal einige dort beherzt zugreifen und sich diese Titel ins Depot legen, dann kannst Du
einem frohen neuen Jahr entgegensehen.
Aber schaun wir mal, was das alte noch so alles bietet. Hoffe es kommen nicht zu viele
Unbilden durch die Q-Berichte ab nächster Woche auf uns zu.
Gruß Karlll
Da scheint die Kohle dann auch recht ordentlich aufgehoben. Und wenn zum Jahresende noch
mal einige dort beherzt zugreifen und sich diese Titel ins Depot legen, dann kannst Du
einem frohen neuen Jahr entgegensehen.
Aber schaun wir mal, was das alte noch so alles bietet. Hoffe es kommen nicht zu viele
Unbilden durch die Q-Berichte ab nächster Woche auf uns zu.
Gruß Karlll
Antwort auf Beitrag Nr.: 40.219.863 von Mogul12 am 27.09.10 22:16:51@ Mogul,
aber ab KGV von ca. 100 aktuell wird die Luft schon etwas dünner werden, denke ich.
Die Ergebnisse des 3. Quartals werden uns sicher schon etwas Aufschluß geben, wo der
Hase bei Baidu hinhoppelt.
aber ab KGV von ca. 100 aktuell wird die Luft schon etwas dünner werden, denke ich.
Die Ergebnisse des 3. Quartals werden uns sicher schon etwas Aufschluß geben, wo der
Hase bei Baidu hinhoppelt.
Heute große Stückzahlen für Deutsche verhältnisse, eben 3.415 Stück in Frankfurt.
Antwort auf Beitrag Nr.: 40.221.164 von fatboy64 am 28.09.10 09:29:24Der Gegenwert dafür würde meinem Depotverrechnungskonto schon recht gut tun.
Karlll
Karlll
gestern, 10:51 DER AKTIONÄRSBRIEF
BAIDU.COM hohes KGV lässt sich verschmerzen
Düsseldorf (aktiencheck.de AG) - Die Experten von "Der Aktionärsbrief" empfehlen bei der Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) auf den Trend aufzuspringen.
Die chinesische Suchmaschine BAIDU.COM werde mittlerweile mit 31,7 Mrd. USD bewertet und sei zweifellos der Platzhirsch bei den asiatischen Internettiteln. Anleger würden den 90-fachen Gewinn zahlen. Das 2011er KGV liege bei 40.
..Nach Meinung der Experten sei jedoch eine ganz andere Überlegung entscheidend: In China komme an dem Unternehmen keiner vorbei. Selbst Google (ISIN US38259P5089/ WKN A0B7FY) habe hier kein Bein auf die Erde gebracht und sich zurückgezogen, was sich bereits im 2. Quartal in den Zahlen von BAIDU.COM habe positiv ablesen lassen. Der Marktanteil sei innerhalb von wenigen Wochen um 6% auf 70% gestiegen. Der Umsatz könne mit durchschnittlich 50% im Jahr zulegen, Bruttomarge und Nettomarge würden sich auf 74% bzw. 40% belaufen. Das Unternehmen sei schuldenfrei.
Nach Einschätzung der Experten dürfte das 3. Quartal erneut von einem Wachstumsschub gekennzeichnet sein. Der Marktanteil sollte Richtung 75% zulegen. Vor diesem Hintergrund lasse sich ihres Erachtens das hohe KGV verschmerzen. Hier zähle das pure Wachstum.
..Anleger sollten auf diesen Trend aufspringen.
Die Experten von "Der Aktionärsbrief" erwarten, dass sich mit der BAIDU.COM-Aktie bis zum Jahresende weitere 20 bis 30% Plus einfahren lassen. Ein Stoppkurs sollte bei 75 USD platziert werden. (Ausgabe 39 vom 30.09.2010)
(01.10.2010/ac/a/a)
BAIDU.COM hohes KGV lässt sich verschmerzen
Düsseldorf (aktiencheck.de AG) - Die Experten von "Der Aktionärsbrief" empfehlen bei der Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) auf den Trend aufzuspringen.
Die chinesische Suchmaschine BAIDU.COM werde mittlerweile mit 31,7 Mrd. USD bewertet und sei zweifellos der Platzhirsch bei den asiatischen Internettiteln. Anleger würden den 90-fachen Gewinn zahlen. Das 2011er KGV liege bei 40.
..Nach Meinung der Experten sei jedoch eine ganz andere Überlegung entscheidend: In China komme an dem Unternehmen keiner vorbei. Selbst Google (ISIN US38259P5089/ WKN A0B7FY) habe hier kein Bein auf die Erde gebracht und sich zurückgezogen, was sich bereits im 2. Quartal in den Zahlen von BAIDU.COM habe positiv ablesen lassen. Der Marktanteil sei innerhalb von wenigen Wochen um 6% auf 70% gestiegen. Der Umsatz könne mit durchschnittlich 50% im Jahr zulegen, Bruttomarge und Nettomarge würden sich auf 74% bzw. 40% belaufen. Das Unternehmen sei schuldenfrei.
Nach Einschätzung der Experten dürfte das 3. Quartal erneut von einem Wachstumsschub gekennzeichnet sein. Der Marktanteil sollte Richtung 75% zulegen. Vor diesem Hintergrund lasse sich ihres Erachtens das hohe KGV verschmerzen. Hier zähle das pure Wachstum.
..Anleger sollten auf diesen Trend aufspringen.
Die Experten von "Der Aktionärsbrief" erwarten, dass sich mit der BAIDU.COM-Aktie bis zum Jahresende weitere 20 bis 30% Plus einfahren lassen. Ein Stoppkurs sollte bei 75 USD platziert werden. (Ausgabe 39 vom 30.09.2010)
(01.10.2010/ac/a/a)
SmarTrend's Option Scanner erkennt Ungewöhnliche Aktivitäten in Baidu (BIDU)
Geschrieben am Di, 10/05/2010 - 8.12 amby Chip Brian
Aktien von Baidu (NASDAQ: BIDU) gehandelt 2,6% niedriger gestern und schloss bei 96,22 $. Der Bestand wurde höher treiben in den vergangenen neun Handelstagen und ist gegenwärtig in einem technischen Aufwärtstrend.
Die Call-Volumen war gestern 64.809 Verträge, die 1.3x dem durchschnittlichen täglichen Handelsvolumen von 49.176 ist. Gewöhnlich hohen Anrufvolumen ist ein Indikator, dass viele Investoren sind für höhere Preise in naher Zukunft.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ zu kaufen. Die Aktie hat 14,7% gestiegen, da die Ausschreibung zugrunde.
Geschrieben am Di, 10/05/2010 - 8.12 amby Chip Brian
Aktien von Baidu (NASDAQ: BIDU) gehandelt 2,6% niedriger gestern und schloss bei 96,22 $. Der Bestand wurde höher treiben in den vergangenen neun Handelstagen und ist gegenwärtig in einem technischen Aufwärtstrend.
Die Call-Volumen war gestern 64.809 Verträge, die 1.3x dem durchschnittlichen täglichen Handelsvolumen von 49.176 ist. Gewöhnlich hohen Anrufvolumen ist ein Indikator, dass viele Investoren sind für höhere Preise in naher Zukunft.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ zu kaufen. Die Aktie hat 14,7% gestiegen, da die Ausschreibung zugrunde.
Antwort auf Beitrag Nr.: 40.266.148 von fatboy64 am 05.10.10 14:37:52Ist schon klar, warum es "ungewöhnliche Aktivitäten" gibt.
Noch Ende letzter Woche wurde empflohlen, Baidu zu shorten, was bis 90 US-$ doch relativ
gefahrlos sei.
Aber bei Baidu haben sich schon viele Shorties eine blutige Nase geholt.
Goldman Sachs Lifts Price Target on Baidu.com (BIDU) to $105
October 5, 2010 8:32 AM EDT
Goldman Sachs raised their price target on Baidu.com, Inc. (Nasdaq: BIDU) from $90 to $105, while maintaining their Buy rating.
The firm stated, "...Baidu has experienced not only acceleration in its rate of revenue growth, which we expect to slow from 1Q2011, but also a sharp improvement in the quality of revenue growth, which we expect to persist."
The firm sees an attractive PEG ratio at Baidu of 1x 2011E, 0.8X 2012E EPS, versus peers like Ctrip and MakeMyTrip.
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Noch Ende letzter Woche wurde empflohlen, Baidu zu shorten, was bis 90 US-$ doch relativ
gefahrlos sei.
Aber bei Baidu haben sich schon viele Shorties eine blutige Nase geholt.
Goldman Sachs Lifts Price Target on Baidu.com (BIDU) to $105
October 5, 2010 8:32 AM EDT
Goldman Sachs raised their price target on Baidu.com, Inc. (Nasdaq: BIDU) from $90 to $105, while maintaining their Buy rating.
The firm stated, "...Baidu has experienced not only acceleration in its rate of revenue growth, which we expect to slow from 1Q2011, but also a sharp improvement in the quality of revenue growth, which we expect to persist."
The firm sees an attractive PEG ratio at Baidu of 1x 2011E, 0.8X 2012E EPS, versus peers like Ctrip and MakeMyTrip.
Get Alerted When News Breaks On Your Stocks - FREE
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Weiss jemand wann die Quatalszahlen kommen?
Antwort auf Beitrag Nr.: 40.295.103 von fatboy64 am 10.10.10 10:54:12@ fatboy
Next earnings release: Oct 26 after market, unconfirmed. Thomson Reuters estimate: 0.41
Next earnings release: Oct 26 after market, unconfirmed. Thomson Reuters estimate: 0.41
Übersetzung von Englisch in Deutsch
Baidu steigt 0,33% auf Heavy Band: Achten Sie auf Pullback (BIDU)
Geschrieben am Thu, 2010.10.14 - 12:57 amby Chip Brian
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von $ 99,21 auf einen Höchststand von 102,39 $ aufgespannt wird. Gestern gewannen die Aktien 0,33%, die den Handel oberhalb der 3-Tages-Hoch von 101,83 $ übernahm Volumen von 11.300.000 Aktien.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 88,30 $ und oberhalb ihrer 200-Tage-MA von 67,94 $. Suchen Sie nach diesen MAs, um Unterstützung für eine kurzfristige Trendwende an den Aktien bereitzustellen.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ kaufen. Die Aktie hat 19,1% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass die Aktie auf Pullback in Richtung 99,95 $ Support-Level. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in der SmarTrend Internet Information Provider Industrie.
Baidu steigt 0,33% auf Heavy Band: Achten Sie auf Pullback (BIDU)
Geschrieben am Thu, 2010.10.14 - 12:57 amby Chip Brian
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von $ 99,21 auf einen Höchststand von 102,39 $ aufgespannt wird. Gestern gewannen die Aktien 0,33%, die den Handel oberhalb der 3-Tages-Hoch von 101,83 $ übernahm Volumen von 11.300.000 Aktien.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 88,30 $ und oberhalb ihrer 200-Tage-MA von 67,94 $. Suchen Sie nach diesen MAs, um Unterstützung für eine kurzfristige Trendwende an den Aktien bereitzustellen.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ kaufen. Die Aktie hat 19,1% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass die Aktie auf Pullback in Richtung 99,95 $ Support-Level. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in der SmarTrend Internet Information Provider Industrie.
Suche eine Optionsschein cal für Baidu für die nächsten 20% Kursssteigerung.
Wer kann einen empfehlen. Danke
Wer kann einen empfehlen. Danke
Antwort auf Beitrag Nr.: 40.319.546 von Biberist am 14.10.10 11:06:49Auf Onvista oder Finanztreff findest Du all das und noch viel mehr.
Gruß
Karlll
Gruß
Karlll
Vor den Google-Zahlen nach Börsenschluß in Amiland heute, dürfte Baidu sicher die 100 US-$
von unten anschauen und der Kurs wird wahrscheinlich uninspiriert vor sich hinplätschern.
von unten anschauen und der Kurs wird wahrscheinlich uninspiriert vor sich hinplätschern.
Die Quatalszahlen zum 3Q kommen am 21.10.2010 nach Börsenschluß in den USA.
Antwort auf Beitrag Nr.: 40.331.366 von fatboy64 am 15.10.10 17:13:03Richtig, und wenn sie die Reaktion zeitigen wie heute bei Google, bin ich es hoch zufrieden
Karlll
Karlll
Lekutian Breeds New Opportunities For Baidu
Created 10/19/2010 - 7:41am
This morning, Rakuten and Baidu, Inc. (NASDAQ: BIDU [1]) jointly announced that its B2B2C ecommerce platform, “Lekutian,” is going live on October 19, 2010.
“While the revenues ramp on the JV and earnings contribution to Baidu will be minimal near-term, we view the launch of Lekutian as a positive development to Baidu's medium- to long-term penetration of the emerging ecommerce opportunity,” Citigroup writes. “Lekutian is forming a trustful shopping environment for booming Chinese online shoppers, with appropriate operations expertise and incomparable user traffics acquisition ability.”
Citigroup said that there is also new opportunity for Baidu to attract keyword sales from Lekutian sellers, utilizing Baidu's enormous traffic to promote their product offering.
Baidu closed Monday at $103.40.
Created 10/19/2010 - 7:41am
This morning, Rakuten and Baidu, Inc. (NASDAQ: BIDU [1]) jointly announced that its B2B2C ecommerce platform, “Lekutian,” is going live on October 19, 2010.
“While the revenues ramp on the JV and earnings contribution to Baidu will be minimal near-term, we view the launch of Lekutian as a positive development to Baidu's medium- to long-term penetration of the emerging ecommerce opportunity,” Citigroup writes. “Lekutian is forming a trustful shopping environment for booming Chinese online shoppers, with appropriate operations expertise and incomparable user traffics acquisition ability.”
Citigroup said that there is also new opportunity for Baidu to attract keyword sales from Lekutian sellers, utilizing Baidu's enormous traffic to promote their product offering.
Baidu closed Monday at $103.40.
Baidu gewinnt Suche Marktanteil in Q3
(Agenturen)
Aktualisiert: 2010.10.19 16.06 Kommentare (0) PrintMail Large Medium Small
Chinas Suche Markt im dritten Quartal wuchs um 59 Prozent gegenüber dem Vorjahr, da das Land die führende Suchmaschine, Baidu Inc, weiterhin in Googles Marktanteil essen, berichtete die Nachrichtenagentur Reuters Dienstag unter Berufung eines Forschungsberichts.
In Verbindung stehende Messwerte:
Baidu glänzt bei Google auf seine Kosten
Baidu "immer schärfer" auf Akquisitionen
Baidu singt ein neues Lied als Musik Kampf geht weiter
China Mobile auf Baidu mit Suchmaschinen nehmen
Chinas Suche Markt kommen 3,13 Mrd. Yuan ($ 471000000) bei den Einnahmen im Quartal mit Baidu dominiert Marktanteil mit 72,9 Prozent, während Google hatte 24,6 Prozent, sagte Technologie-Marktforschungsunternehmen iResearch.
China ist der weltweit größte Internet-Markt von den Nutzern mit mehr als 400 Millionen online zu gehen.
Google sagte auch am Dienstag seine Kündigung von Verträgen mit sieben großen chinesischen Werbung Wiederverkäufer tritt am 27. Oktober gehen.
Die Kündigung der Verträge mit den sieben AdWords Wiederverkäufer einen positiven Einfluss auf Baidu haben, sagen Analysten.
Anhören
Umschrift
Wörterbuch - Detaillierten Wörterbucheintrag anzeigen
(Agenturen)
Aktualisiert: 2010.10.19 16.06 Kommentare (0) PrintMail Large Medium Small
Chinas Suche Markt im dritten Quartal wuchs um 59 Prozent gegenüber dem Vorjahr, da das Land die führende Suchmaschine, Baidu Inc, weiterhin in Googles Marktanteil essen, berichtete die Nachrichtenagentur Reuters Dienstag unter Berufung eines Forschungsberichts.
In Verbindung stehende Messwerte:
Baidu glänzt bei Google auf seine Kosten
Baidu "immer schärfer" auf Akquisitionen
Baidu singt ein neues Lied als Musik Kampf geht weiter
China Mobile auf Baidu mit Suchmaschinen nehmen
Chinas Suche Markt kommen 3,13 Mrd. Yuan ($ 471000000) bei den Einnahmen im Quartal mit Baidu dominiert Marktanteil mit 72,9 Prozent, während Google hatte 24,6 Prozent, sagte Technologie-Marktforschungsunternehmen iResearch.
China ist der weltweit größte Internet-Markt von den Nutzern mit mehr als 400 Millionen online zu gehen.
Google sagte auch am Dienstag seine Kündigung von Verträgen mit sieben großen chinesischen Werbung Wiederverkäufer tritt am 27. Oktober gehen.
Die Kündigung der Verträge mit den sieben AdWords Wiederverkäufer einen positiven Einfluss auf Baidu haben, sagen Analysten.
Anhören
Umschrift
Wörterbuch - Detaillierten Wörterbucheintrag anzeigen
EMFIS.COM - Baidu: 73% Marktanteil bei Suchmaschinen im Q3
EMFIS.COM - Peking 19.10.2010 (www.emfis.com) Nach Angaben des Marktforschungsinstituts iResearch legte der chinesische Markt für Online-Suchmaschinen im dritten Quartal gegenüber dem Vorjahr um 59 Prozent zu und kam auf einen Gesamtumsatz von 3,13 Milliarden Yuan (471 Millionen US-Dollar). Spitzenreiter Baidu weitete seinen Marktanteil auf 72,9 Prozent aus, während Hauptkonkurrent Google nur noch auf 24,6 Prozent kommt. Erschwerend wird für Google hinzukommen, dass ab dem 27. Oktober Verträge mit sieben großen chinesischen Online-Werbepartnern auslaufen. Dementsprechend dürfte Baidu seinen Marktanteil in Zukunft sogar noch ausbauen können. China ist mit 400 Millionen Internet-Nutzern derzeit der weltweit größte Online-Markt.
EMFIS.COM - Peking 19.10.2010 (www.emfis.com) Nach Angaben des Marktforschungsinstituts iResearch legte der chinesische Markt für Online-Suchmaschinen im dritten Quartal gegenüber dem Vorjahr um 59 Prozent zu und kam auf einen Gesamtumsatz von 3,13 Milliarden Yuan (471 Millionen US-Dollar). Spitzenreiter Baidu weitete seinen Marktanteil auf 72,9 Prozent aus, während Hauptkonkurrent Google nur noch auf 24,6 Prozent kommt. Erschwerend wird für Google hinzukommen, dass ab dem 27. Oktober Verträge mit sieben großen chinesischen Online-Werbepartnern auslaufen. Dementsprechend dürfte Baidu seinen Marktanteil in Zukunft sogar noch ausbauen können. China ist mit 400 Millionen Internet-Nutzern derzeit der weltweit größte Online-Markt.
20. Oktober (Reuters) - Baidu Inc: * Kaufman Bros wirft Baidu Inc Kursziel auf $ 115 von $ 86; hält Kaufempfehlung für eine Zusammenfassung der Bewertung und das Kursziel Veränderungen auf S & P 500-Unternehmen:
Will Baidu Blow by You?
By Rick Aristotle Munarriz
October 20, 2010
Don't let Yahoo!'s ho-hum earnings last night eat away at you heading into tomorrow night's third-quarter report out of Baidu (Nasdaq: BIDU).
China's leading search engine is a high-margin speedster gaining market share in the world's most populous nation. It's everything that Yahoo! is not -- with the lofty valuation to boot.
Baidu's report should be another winner. Analysts expect revenue to soar 78% to $333.3 million, with earnings nearly doubling to $0.41 a share.
It's ambitious. It's aggressive. It's probably too low.
Baidu has a habit of making even the most upbeat analyst come off looking like a low-baller. Let's see how Baidu has held up on the bottom line over the past four quarters relative to Wall Street's consensus targets.
If you fell asleep during that history lesson, let's dive into current events.
* Baidu has been gaining market share since Google (Nasdaq: GOOG) staged a partial retreat earlier this year.
* Phoenix Nest -- Baidu's paid search update that emulates Google's globally successful and ethically superior model -- continues to gain traction. A Pacific Crest analyst recently bumped his price target on the shares, from $80 to $140, largely on the potential of the Phoenix Nest makeover.
* China's Internet penetration rate is still low, so there's plenty of upside.
Baidu isn't cheap. Investors don't get markdowns on winners. Shares of the company that commands nearly two-thirds of all searches in China fetches a sobering 46 times next year's projected profitability. New media darlings SINA (Nasdaq: SINA) and Sohu.com (Nasdaq: SOHU) command year ahead multiples of 26 and 14, respectively.
However, SINA and Sohu.com aren't growing nearly as quickly as Baidu. Google has also taught us that the most lucrative niche in the realm of online advertising is paid search, a market that Baidu totally dominates in China.
Check back on Friday for a complete dissection of Baidu's results, but when you hear that Baidu landed well ahead of Wall Street guesstimates -- just remember where you read it first.
By Rick Aristotle Munarriz
October 20, 2010
Don't let Yahoo!'s ho-hum earnings last night eat away at you heading into tomorrow night's third-quarter report out of Baidu (Nasdaq: BIDU).
China's leading search engine is a high-margin speedster gaining market share in the world's most populous nation. It's everything that Yahoo! is not -- with the lofty valuation to boot.
Baidu's report should be another winner. Analysts expect revenue to soar 78% to $333.3 million, with earnings nearly doubling to $0.41 a share.
It's ambitious. It's aggressive. It's probably too low.
Baidu has a habit of making even the most upbeat analyst come off looking like a low-baller. Let's see how Baidu has held up on the bottom line over the past four quarters relative to Wall Street's consensus targets.
If you fell asleep during that history lesson, let's dive into current events.
* Baidu has been gaining market share since Google (Nasdaq: GOOG) staged a partial retreat earlier this year.
* Phoenix Nest -- Baidu's paid search update that emulates Google's globally successful and ethically superior model -- continues to gain traction. A Pacific Crest analyst recently bumped his price target on the shares, from $80 to $140, largely on the potential of the Phoenix Nest makeover.
* China's Internet penetration rate is still low, so there's plenty of upside.
Baidu isn't cheap. Investors don't get markdowns on winners. Shares of the company that commands nearly two-thirds of all searches in China fetches a sobering 46 times next year's projected profitability. New media darlings SINA (Nasdaq: SINA) and Sohu.com (Nasdaq: SOHU) command year ahead multiples of 26 and 14, respectively.
However, SINA and Sohu.com aren't growing nearly as quickly as Baidu. Google has also taught us that the most lucrative niche in the realm of online advertising is paid search, a market that Baidu totally dominates in China.
Check back on Friday for a complete dissection of Baidu's results, but when you hear that Baidu landed well ahead of Wall Street guesstimates -- just remember where you read it first.
21.10.2010 10:49
Googles Marktanteil fällt auf tiefsten Stand seit drei Jahren / Baidu auf dem Vormarsch
EMFIS.COM - Hongkong 21.10.2010 (www.emfis.com) Der Marktanteil des Suchmaschinengiganten Google in China ist auf den tiefsten Stand seit über drei Jahren gefallen. Dies berichtete heute die chinesische Nachrichtenagentur "China Daily". Google konnte im dritten Quartal nur noch einen Marktanteil bei den Suchmaschinennutzerzahlen von 24,6 Prozent verzeichnen. Im vorangegangenen Quartal kam das Unternehmen noch auf 26,8 Prozent.
Weiter stark auf dem Vormarsch ist der chinesische Branchenprimus Baidu. Der Konzern konnte seinen Marktanteil von 71 Prozent auf 72,9 Prozent steigern.
Googles Marktanteil fällt auf tiefsten Stand seit drei Jahren / Baidu auf dem Vormarsch
EMFIS.COM - Hongkong 21.10.2010 (www.emfis.com) Der Marktanteil des Suchmaschinengiganten Google in China ist auf den tiefsten Stand seit über drei Jahren gefallen. Dies berichtete heute die chinesische Nachrichtenagentur "China Daily". Google konnte im dritten Quartal nur noch einen Marktanteil bei den Suchmaschinennutzerzahlen von 24,6 Prozent verzeichnen. Im vorangegangenen Quartal kam das Unternehmen noch auf 26,8 Prozent.
Weiter stark auf dem Vormarsch ist der chinesische Branchenprimus Baidu. Der Konzern konnte seinen Marktanteil von 71 Prozent auf 72,9 Prozent steigern.
Nobelpreis 21.10.2010
Die dünnste Folie der WeltGraphen könnte E-Mobility und Solarstrom voranbringen
Niels Hendrik Petersen
Die Entdecker von Graphen sind mit der höchsten wissenschaftlichen Auszeichnung geehrt worden. Der Stoff hat erstaunliche Eigenschaften. Die Industrie hofft, dass Graphen Computerchips, Solarzellen und Batterien effizienter machen wird.
Mit dem Physik-Nobelpreis landete die Stockholmer Jury in diesem Jahr eine kleine Überraschung: Sie zeichnete ein sehr junges Forschungsfeld aus. Der Niederländer Andre Geim und der Brite Konstantin Novoselov erhielten den Preis für ihre Graphen-Forschung (gesprochen Grafehn). Damit haben sie einen neuen Forschungsbereich gegründet. „Seit ihrer Entdeckung ist die Forschung an dem neuen Material geradezu explodiert“, sagt Kornelius Nielsch, Professor für angewandte Physik an der Universität Hamburg. Beide Entdecker sind russischer Abstammung und erregten mit einer simplen Methode viel Aufsehen in Fachkreisen: Mit einem Klebeband lösten sie hauchdünne Schichten von einem Graphitblock ab. Durch Nachbehandlung erhielten sie schließlich eine zweidimensionale Struktur. Heute können Wissenschaftler Graphen mühelos züchten.
Graphen ist eine Variante des Kohlenstoffs. Es kommt in jeder Bleistiftmine als Grafit vor, in Milliarden übereinander geschichteten Lagen von Graphen – oder auch Graphén geschrieben, um es von den mathematischen Graphen zu unterscheiden. Es besteht aus Kohlenstoffatomen, die sich zu einem Netzwerk aus Sechsecken zusammensetzen, ähnlich einer Bienenwabe. Die Schicht ist eine Million Mal dünner als ein Blatt Papier und somit biegsam und durchlässig, aber extrem fest. Es besitzt bei Raumtemperatur eine höhere Wärmeleitfähigkeit als Silber.
Dünner als Papier, härter als Diamant
In theoretischen Abhandlungen nutzen Forscher einlagige Kohlenstoffschichten, um den Aufbau und die elektronischen Eigenschaften komplexer Materialien zu beschreiben. Aber in der Praxis hielt man zweidimensionalen Strukturen lange für unmöglich, da sie als instabil galten. „Es ist einfach phänomenal, dass sie ein zweidimensionales Material in ihrem berühmten Papier von 2004 beschreiben konnten“, kommentiert Staffan Normark, Sekretär des Nobel-Komitees, die Entscheidung.
Im Alltag findet Graphen noch keine Anwendung. Die Industrie setzt allerdings große Hoffnungen in die Wunderfolie. „Spätestens in fünf Jahren werden die ersten Produkte auf dem Markt sein, die ohne Graphen undenkbar wären“, prognostiziert Physikprofessor Nielsch. Das Material könnte den Halbleiter Silizium in der Computertechnologie ablösen. Denn Graphen-Transistoren schalten bis zu tausend Mal schneller, als es die heutige Siliziumtechnik erlaubt. Die Elektronen bewegen sich mit rund 1.000 Kilometern pro Sekunde wie schwerelos durch das Material. Auch Solarzellen könnten dadurch künftig effizienter Arbeiten und billiger Strom produzieren.
Akkus mit mehr Power
Der E-Mobilität könnte der Stoff entscheidend auf die Sprünge helfen: Mit Graphen ließe sich aufgrund ihrer großen Oberfläche und des geringen Gewichts, die Leistung von Elektrobatterien in E-Mobilen deutlich erhöhen, bestätigt Nielsch. Damit verlängert sich auch die Reichweite der Fahrzeuge, was die Akzeptanz bei den Autokäufern deutlich steigern würde. Der globale Wettlauf um Lithium, dem bislang besten Material für Akkus, wäre entschärft.
Der Graphen-Forschung widmen sich allein in Deutschland mehr als hundert Physikergruppen, schätzt die Deutsche Physikalische Gesellschaft (DPG). Außerdem fördert die deutsche Forschungsgemeinschaft 38 Einzelprojekte mit insgesamt 14 Millionen Euro in den nächsten sechs Jahren. Die Relevanz ist leicht erkennbar. Das Nobel-Komitee hat in diesem Jahr einen praxisnahen Preis für Physik vergeben, bei dem „jeder das gigantische Potenzial sofort versteht“, resümiert Normark.
Weitere Informationen:
Telefon-Interview mit Andre Geim: nobelprize.org
Die dünnste Folie der WeltGraphen könnte E-Mobility und Solarstrom voranbringen
Niels Hendrik Petersen
Die Entdecker von Graphen sind mit der höchsten wissenschaftlichen Auszeichnung geehrt worden. Der Stoff hat erstaunliche Eigenschaften. Die Industrie hofft, dass Graphen Computerchips, Solarzellen und Batterien effizienter machen wird.
Mit dem Physik-Nobelpreis landete die Stockholmer Jury in diesem Jahr eine kleine Überraschung: Sie zeichnete ein sehr junges Forschungsfeld aus. Der Niederländer Andre Geim und der Brite Konstantin Novoselov erhielten den Preis für ihre Graphen-Forschung (gesprochen Grafehn). Damit haben sie einen neuen Forschungsbereich gegründet. „Seit ihrer Entdeckung ist die Forschung an dem neuen Material geradezu explodiert“, sagt Kornelius Nielsch, Professor für angewandte Physik an der Universität Hamburg. Beide Entdecker sind russischer Abstammung und erregten mit einer simplen Methode viel Aufsehen in Fachkreisen: Mit einem Klebeband lösten sie hauchdünne Schichten von einem Graphitblock ab. Durch Nachbehandlung erhielten sie schließlich eine zweidimensionale Struktur. Heute können Wissenschaftler Graphen mühelos züchten.
Graphen ist eine Variante des Kohlenstoffs. Es kommt in jeder Bleistiftmine als Grafit vor, in Milliarden übereinander geschichteten Lagen von Graphen – oder auch Graphén geschrieben, um es von den mathematischen Graphen zu unterscheiden. Es besteht aus Kohlenstoffatomen, die sich zu einem Netzwerk aus Sechsecken zusammensetzen, ähnlich einer Bienenwabe. Die Schicht ist eine Million Mal dünner als ein Blatt Papier und somit biegsam und durchlässig, aber extrem fest. Es besitzt bei Raumtemperatur eine höhere Wärmeleitfähigkeit als Silber.
Dünner als Papier, härter als Diamant
In theoretischen Abhandlungen nutzen Forscher einlagige Kohlenstoffschichten, um den Aufbau und die elektronischen Eigenschaften komplexer Materialien zu beschreiben. Aber in der Praxis hielt man zweidimensionalen Strukturen lange für unmöglich, da sie als instabil galten. „Es ist einfach phänomenal, dass sie ein zweidimensionales Material in ihrem berühmten Papier von 2004 beschreiben konnten“, kommentiert Staffan Normark, Sekretär des Nobel-Komitees, die Entscheidung.
Im Alltag findet Graphen noch keine Anwendung. Die Industrie setzt allerdings große Hoffnungen in die Wunderfolie. „Spätestens in fünf Jahren werden die ersten Produkte auf dem Markt sein, die ohne Graphen undenkbar wären“, prognostiziert Physikprofessor Nielsch. Das Material könnte den Halbleiter Silizium in der Computertechnologie ablösen. Denn Graphen-Transistoren schalten bis zu tausend Mal schneller, als es die heutige Siliziumtechnik erlaubt. Die Elektronen bewegen sich mit rund 1.000 Kilometern pro Sekunde wie schwerelos durch das Material. Auch Solarzellen könnten dadurch künftig effizienter Arbeiten und billiger Strom produzieren.
Akkus mit mehr Power
Der E-Mobilität könnte der Stoff entscheidend auf die Sprünge helfen: Mit Graphen ließe sich aufgrund ihrer großen Oberfläche und des geringen Gewichts, die Leistung von Elektrobatterien in E-Mobilen deutlich erhöhen, bestätigt Nielsch. Damit verlängert sich auch die Reichweite der Fahrzeuge, was die Akzeptanz bei den Autokäufern deutlich steigern würde. Der globale Wettlauf um Lithium, dem bislang besten Material für Akkus, wäre entschärft.
Der Graphen-Forschung widmen sich allein in Deutschland mehr als hundert Physikergruppen, schätzt die Deutsche Physikalische Gesellschaft (DPG). Außerdem fördert die deutsche Forschungsgemeinschaft 38 Einzelprojekte mit insgesamt 14 Millionen Euro in den nächsten sechs Jahren. Die Relevanz ist leicht erkennbar. Das Nobel-Komitee hat in diesem Jahr einen praxisnahen Preis für Physik vergeben, bei dem „jeder das gigantische Potenzial sofort versteht“, resümiert Normark.
Weitere Informationen:
Telefon-Interview mit Andre Geim: nobelprize.org
Antwort auf Beitrag Nr.: 40.365.629 von Karlll am 21.10.10 13:52:07Sorry, ist im falschen Thread gelandet.
Baidu, Inc. , the leading Chinese language Internet search provider, today announced its unaudited financial results for the third quarter ended September 30, 2010.
Third Quarter 2010 Highlights -- Total revenues in the third quarter of 2010 were RMB2.256 billion ($337.2 million), a 76.4% increase from the corresponding period in 2009. -- Operating profit in the third quarter of 2010 was RMB1.181 billion ($176.6 million), a 126.6% increase from the corresponding period in 2009. -- Net income in the third quarter of 2010 was RMB1.047 billion ($156.4 million), a 112.4% increase from the corresponding period in 2009. Diluted earnings per ADS for the third quarter of 2010 were RMB3.00 ($0.45); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2010 were RMB3.07 ($0.46). (1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6905 to US$1.00, the effective noon buying rate as of September 30, 2010 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. (2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
"Strong execution on our initiatives to expand our customer base and enhance customer service drove another quarter of strong results," said Robin Li, chairman and chief executive officer of Baidu. "By focusing on continuously improving our online marketing system and customer engagement while building awareness of search engine marketing, we are successfully enhancing Baidu's position as a key enabler of China's Internet industry."
Mr. Li continued, "On the user experience front, during the quarter we announced several exciting developments including the Baidu Open Application Platform, the first platform integrating web search with an applications library. Such pioneering initiatives that focus on Internet user needs are at the center of our R&D investment."
Jennifer Li, Baidu's chief financial officer, commented, "We are pleased to have delivered record margins in the third quarter, even as we actively invested in sales and marketing, R&D and network equipment. Looking forward, we will continue to invest aggressively to support Baidu's long-term growth."
Third Quarter 2010 Results
Baidu reported total revenues of RMB2.256 billion ($337.2 million) for the third quarter of 2010, representing a 76.4% increase from the corresponding period in 2009.
Online marketing revenues for the third quarter of 2010 were RMB2.256 billion ($337.1 million), representing a 76.5% increase from the corresponding period in 2009. Baidu had about 272,000 active online marketing customers in the third quarter of 2010, representing a 25.9% increase from the corresponding period in 2009 and a 7.1% increase from the previous quarter. Revenue per online marketing customer for the third quarter was approximately RMB8,300 ($1,241), a 40.7% increase from the corresponding period in 2009 and a 10.7% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB201.7 million ($30.2 million), representing 8.9% of total revenues, as compared to 15.3% in the corresponding period in 2009 and 9.7% in the second quarter of 2010. The sequential decrease in TAC as a percentage of total revenues reflects faster organic traffic growth during the quarter.
Bandwidth costs as a component of cost of revenues were RMB85.4 million ($12.8 million), representing 3.8% of total revenues, compared to 4.0% in the corresponding period in 2009. Depreciation costs as a component of cost of revenues were RMB84.2 million ($12.6 million), representing 3.7% of total revenues, compared to 5.0% in the corresponding period in 2009.
Selling, general and administrative expenses were RMB296.2 million ($44.3 million), representing an increase of 49.8% from the corresponding period in 2009, primarily due to increased headcount costs and marketing expenses.
Research and development expenses were RMB204.7 million ($30.6 million), a 75.4% increase from the corresponding period in 2009. The increase was primarily due to increased R&D personnel expenses.
Share-based compensation expenses, which were allocated to related operating costs and expense line items, were RMB24.4 million ($3.7 million) in the third quarter of 2010, compared to RMB21.3 million in the corresponding period in 2009 and RMB21.6 million in the previous quarter.
Operating profit was RMB1.181 billion ($176.6 million), representing a 126.6% increase from the corresponding period in 2009. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB1.206 billion ($180.2 million), a 122.2% increase from the corresponding period in 2009.
Income tax expense was RMB165.2 million ($24.7 million), compared to an income tax expense of RMB49.1 million in the corresponding period in 2009. The effective tax rate for the third quarter of 2010 was 13.6% as compared to 9.1% for the corresponding period in 2009 and 14.4% in the previous quarter.
Net income was RMB1.047 billion ($156.4 million), representing a 112.4% increase from the corresponding period in 2009. Basic and diluted earnings per ADS for the third quarter of 2010 amounted to RMB3.01 ($0.45) and RMB3.00 ($0.45), respectively.
Net income excluding share-based compensation expenses (non-GAAP) was RMB1.071 billion ($160.1million), a 108.3% increase from the corresponding period in 2009. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2010 amounted to RMB3.08 ($0.46) and RMB3.07 ($0.46), respectively.
As of September 30, 2010, the Company had cash, cash equivalents and short-term investments of RMB6.938 billion ($1.037 billion). Net operating cash inflow and capital expenditures for the third quarter of 2010 were RMB1.265 billion ($189.0 million) and RMB246.3 million ($36.8 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB1.320 billion ($197.3 million) for the third quarter of 2010, representing a 112.2% increase from the corresponding period in 2009.
Outlook for Fourth Quarter 2010
Baidu currently expects to generate total revenues in an amount ranging from RMB2.370 billion ($354.2 million) to RMB2.440 billion ($364.7 million) for the fourth quarter of 2010, representing an 88% to 93.5% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to change.
Third Quarter 2010 Highlights -- Total revenues in the third quarter of 2010 were RMB2.256 billion ($337.2 million), a 76.4% increase from the corresponding period in 2009. -- Operating profit in the third quarter of 2010 was RMB1.181 billion ($176.6 million), a 126.6% increase from the corresponding period in 2009. -- Net income in the third quarter of 2010 was RMB1.047 billion ($156.4 million), a 112.4% increase from the corresponding period in 2009. Diluted earnings per ADS for the third quarter of 2010 were RMB3.00 ($0.45); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2010 were RMB3.07 ($0.46). (1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6905 to US$1.00, the effective noon buying rate as of September 30, 2010 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. (2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
"Strong execution on our initiatives to expand our customer base and enhance customer service drove another quarter of strong results," said Robin Li, chairman and chief executive officer of Baidu. "By focusing on continuously improving our online marketing system and customer engagement while building awareness of search engine marketing, we are successfully enhancing Baidu's position as a key enabler of China's Internet industry."
Mr. Li continued, "On the user experience front, during the quarter we announced several exciting developments including the Baidu Open Application Platform, the first platform integrating web search with an applications library. Such pioneering initiatives that focus on Internet user needs are at the center of our R&D investment."
Jennifer Li, Baidu's chief financial officer, commented, "We are pleased to have delivered record margins in the third quarter, even as we actively invested in sales and marketing, R&D and network equipment. Looking forward, we will continue to invest aggressively to support Baidu's long-term growth."
Third Quarter 2010 Results
Baidu reported total revenues of RMB2.256 billion ($337.2 million) for the third quarter of 2010, representing a 76.4% increase from the corresponding period in 2009.
Online marketing revenues for the third quarter of 2010 were RMB2.256 billion ($337.1 million), representing a 76.5% increase from the corresponding period in 2009. Baidu had about 272,000 active online marketing customers in the third quarter of 2010, representing a 25.9% increase from the corresponding period in 2009 and a 7.1% increase from the previous quarter. Revenue per online marketing customer for the third quarter was approximately RMB8,300 ($1,241), a 40.7% increase from the corresponding period in 2009 and a 10.7% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB201.7 million ($30.2 million), representing 8.9% of total revenues, as compared to 15.3% in the corresponding period in 2009 and 9.7% in the second quarter of 2010. The sequential decrease in TAC as a percentage of total revenues reflects faster organic traffic growth during the quarter.
Bandwidth costs as a component of cost of revenues were RMB85.4 million ($12.8 million), representing 3.8% of total revenues, compared to 4.0% in the corresponding period in 2009. Depreciation costs as a component of cost of revenues were RMB84.2 million ($12.6 million), representing 3.7% of total revenues, compared to 5.0% in the corresponding period in 2009.
Selling, general and administrative expenses were RMB296.2 million ($44.3 million), representing an increase of 49.8% from the corresponding period in 2009, primarily due to increased headcount costs and marketing expenses.
Research and development expenses were RMB204.7 million ($30.6 million), a 75.4% increase from the corresponding period in 2009. The increase was primarily due to increased R&D personnel expenses.
Share-based compensation expenses, which were allocated to related operating costs and expense line items, were RMB24.4 million ($3.7 million) in the third quarter of 2010, compared to RMB21.3 million in the corresponding period in 2009 and RMB21.6 million in the previous quarter.
Operating profit was RMB1.181 billion ($176.6 million), representing a 126.6% increase from the corresponding period in 2009. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB1.206 billion ($180.2 million), a 122.2% increase from the corresponding period in 2009.
Income tax expense was RMB165.2 million ($24.7 million), compared to an income tax expense of RMB49.1 million in the corresponding period in 2009. The effective tax rate for the third quarter of 2010 was 13.6% as compared to 9.1% for the corresponding period in 2009 and 14.4% in the previous quarter.
Net income was RMB1.047 billion ($156.4 million), representing a 112.4% increase from the corresponding period in 2009. Basic and diluted earnings per ADS for the third quarter of 2010 amounted to RMB3.01 ($0.45) and RMB3.00 ($0.45), respectively.
Net income excluding share-based compensation expenses (non-GAAP) was RMB1.071 billion ($160.1million), a 108.3% increase from the corresponding period in 2009. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2010 amounted to RMB3.08 ($0.46) and RMB3.07 ($0.46), respectively.
As of September 30, 2010, the Company had cash, cash equivalents and short-term investments of RMB6.938 billion ($1.037 billion). Net operating cash inflow and capital expenditures for the third quarter of 2010 were RMB1.265 billion ($189.0 million) and RMB246.3 million ($36.8 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB1.320 billion ($197.3 million) for the third quarter of 2010, representing a 112.2% increase from the corresponding period in 2009.
Outlook for Fourth Quarter 2010
Baidu currently expects to generate total revenues in an amount ranging from RMB2.370 billion ($354.2 million) to RMB2.440 billion ($364.7 million) for the fourth quarter of 2010, representing an 88% to 93.5% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to change.
Gefeiert wird das Baidu-Ergebnis von der Börse nicht gerade.
In Amiland kamen nachbörslich 0,5% dazu.
In Singapur, wo heute erstmalig gehandelt wird, lag der Kurs zur Mittags
pause bei 103,8 US-$.
Das läßt für Amiland heute abend alles möglich erscheinen, nur keine
großen Ausschläge nach oben. Vielleicht geht es abwärts oder dümpelt so
um die 100 US-$.
Gruß Karlll
In Amiland kamen nachbörslich 0,5% dazu.
In Singapur, wo heute erstmalig gehandelt wird, lag der Kurs zur Mittags
pause bei 103,8 US-$.
Das läßt für Amiland heute abend alles möglich erscheinen, nur keine
großen Ausschläge nach oben. Vielleicht geht es abwärts oder dümpelt so
um die 100 US-$.
Gruß Karlll
22.10.2010 09:19
Chinas Suchmaschine Baidu mit 112% Gewinnwachstum
EMFIS.COM - Peking 22.10.2010 (www.emfis.com) Was Google kann, kann Baidu auch und das sind satte Gewinnzahlen.
Wie Jennifer Li, Baidus Chief Financial Officer bekannt gab, stieg der Umsatz des chinesischen Suchmaschinenunternehmens im dritten Quartal gegenüber dem Vorjahreszeitraum um 76,4 Prozent auf 2,256 Mrd. Yuan (342 Mio. USD). Der Nettogewinn legte im gleichen Zeitraum um satte 112,4 Prozent auf 1,047 Mrd. Yuan (158,65 Mio. USD) zu.
Baidu hatte im dritten Quartal 272.000 aktiven Online-Marketing Kunden, eine Steigerung von 25,9 Prozent zum Vorjahresquartal und ein Plus von 7,1 Prozent gegenüber dem zweiten Quartal. Der Umsatz pro Kunde im Online-Marketing steigerte sich im dritten Quartal gegenüber 2009 um 40,7 Prozent auf 8.300 Yuan (1.257,60 USD). Gegenüber dem zweiten Quartal war das ein Plus von 10,7 Prozent.
Mit Ende September verrügte Baidu über liquide Mittel und kurzfristige Kapitalanlagen in Höhe von 6,938 Mrd. Yuan (1,05 Mrd. USD).
Für das vierte Quartal prognostiziert das Unternehmen einen Umsatzanstieg zum Vorjahresquartal von 88 bis 93,5 Prozent auf 2,37 bis 2,44 Mrd. Yuan.
Wie die China Daily gestern meldete, war es dem chinesischen Suchmaschinenunternehmen im dritten Quartal gelungen, seinen Marktanteil in China um 1,9 Prozent auf nunmehr 72,9 Prozent auszubauen. Die Nummer zwei Google hatte dagegen weiter an Boden verloren und steht mit einem Marktanteil von 24,6 Prozent auf ihrem historischen Tief seit seinem China- Engagement.
Die Aktie hatte gestern an der US Börse um 2,47 Prozent auf 102,48 US Dollar zulegen können und bleibt damit auf Rekordniveau.
© 2010 EMFIS.COM
Chinas Suchmaschine Baidu mit 112% Gewinnwachstum
EMFIS.COM - Peking 22.10.2010 (www.emfis.com) Was Google kann, kann Baidu auch und das sind satte Gewinnzahlen.
Wie Jennifer Li, Baidus Chief Financial Officer bekannt gab, stieg der Umsatz des chinesischen Suchmaschinenunternehmens im dritten Quartal gegenüber dem Vorjahreszeitraum um 76,4 Prozent auf 2,256 Mrd. Yuan (342 Mio. USD). Der Nettogewinn legte im gleichen Zeitraum um satte 112,4 Prozent auf 1,047 Mrd. Yuan (158,65 Mio. USD) zu.
Baidu hatte im dritten Quartal 272.000 aktiven Online-Marketing Kunden, eine Steigerung von 25,9 Prozent zum Vorjahresquartal und ein Plus von 7,1 Prozent gegenüber dem zweiten Quartal. Der Umsatz pro Kunde im Online-Marketing steigerte sich im dritten Quartal gegenüber 2009 um 40,7 Prozent auf 8.300 Yuan (1.257,60 USD). Gegenüber dem zweiten Quartal war das ein Plus von 10,7 Prozent.
Mit Ende September verrügte Baidu über liquide Mittel und kurzfristige Kapitalanlagen in Höhe von 6,938 Mrd. Yuan (1,05 Mrd. USD).
Für das vierte Quartal prognostiziert das Unternehmen einen Umsatzanstieg zum Vorjahresquartal von 88 bis 93,5 Prozent auf 2,37 bis 2,44 Mrd. Yuan.
Wie die China Daily gestern meldete, war es dem chinesischen Suchmaschinenunternehmen im dritten Quartal gelungen, seinen Marktanteil in China um 1,9 Prozent auf nunmehr 72,9 Prozent auszubauen. Die Nummer zwei Google hatte dagegen weiter an Boden verloren und steht mit einem Marktanteil von 24,6 Prozent auf ihrem historischen Tief seit seinem China- Engagement.
Die Aktie hatte gestern an der US Börse um 2,47 Prozent auf 102,48 US Dollar zulegen können und bleibt damit auf Rekordniveau.
© 2010 EMFIS.COM
09:40 Uhr
Baidu: Keine Chance für Google
Martin Weiß
Wachstum ohne Ende - vorerst. Chinas größte Suchmaschine Baidu hat im dritten Quartal mächtig Gas gegeben und mit den Geschäftszahlen die Prognosen der Analysten übertroffen. Trotz eines positiven Ausblicks für das vierte Quartal hielt sich die Euphorie der Anleger in Grenzen. Aus gutem Grund.
Baidu steigerte den Umsatz im Berichtszeitraum auf 337,2 Millionen Dollar und den Gewinn auf 0,45 Dollar je Aktie (ADR). Das Nettoergebnis entspricht einem Zuwachs von 76 Prozent gegenüber dem vergleichbaren Vorjahreszeitraum. Analysten hatten mit einem Umsatz von 333,6 Millionen Dollar und einem Gewinn pro ADR von 0,41 Dollar gerechnet. Für das Abschlussquartal ist Vorstandschef Robin Li zuversichtlich, die Erlöse auf bis zu 365 Millionen Dollar ausweiten zu können.
An der Börse reagierte die Baidu-Aktie auf die Veröffentlichung mit Aufschlägen. Nachdem sich die die Titel bereits im regulären Geschäft um 2,4 Prozent auf 102,48 Dollar verteuert hatten, ging es nachbörslich um weitere 0,5 Prozent in die Höhe.
Gebremste Euphorie
Gemessen an der starken Performance im operativen Geschäft und dem positiven Ausblick erscheint die Reaktion der Anleger sehr verhalten. Allerdings hat die Börse einen Teil der Entwicklung bereits in den vergangenen sechs Wochen vorweggenommen. Seit Anfang September verteuerten sich die Anteilsscheine von 80 Dollar auf zuletzt rund 102 Dollar, ein Plus von knapp unter 30 Prozent.
Google sieht nur die Rücklichter
Beim Marktanteil hat Baidu seit Jahresbeginn kräftig zugelegt und den Wert gegenüber den ersten drei Monaten 2010 um neun Prozentpunkte auf 73 Prozent erhöht. Baidus Erzrivale Google, der sich vom chinesischen Festland nach Hongkong zurückgezogen hat, büßte laut jüngsten Berechnungen 9,3 Prozentpunkte auf 21,6 Prozent Marktanteil ein.
Aktie im Aufwind
Wie geht es weiter mit der Baidu-Aktie? DER AKTIONÄR hat in den vergangenen Monaten mehrfach auf die extrem hohe Bewertung der Titel hingewiesen, die auch durch die Dominanz im heimischen Markt kaum zu rechtfertigen ist. Die (Short-) Spekulation im Hinblick auf eine mögliche Bewertungskorrektur ist jedoch nicht aufgegangen.
Treue Fangemeinde
Fundamental bleibt bei Baidu alles beim Alten: Mit einem KGV von 46 auf Basis der für 2011 erwarteten Gewinne erscheint Baidu zu teuer. Das extrem positive Sentiment für die Titel und die vielversprechende Charttechnik könnten den Titel dennoch weiter in die Höhe treiben. Investierte Anleger sollten ihre Kursgewinne mit einem Stopp absichern.
Baidu: Keine Chance für Google
Martin Weiß
Wachstum ohne Ende - vorerst. Chinas größte Suchmaschine Baidu hat im dritten Quartal mächtig Gas gegeben und mit den Geschäftszahlen die Prognosen der Analysten übertroffen. Trotz eines positiven Ausblicks für das vierte Quartal hielt sich die Euphorie der Anleger in Grenzen. Aus gutem Grund.
Baidu steigerte den Umsatz im Berichtszeitraum auf 337,2 Millionen Dollar und den Gewinn auf 0,45 Dollar je Aktie (ADR). Das Nettoergebnis entspricht einem Zuwachs von 76 Prozent gegenüber dem vergleichbaren Vorjahreszeitraum. Analysten hatten mit einem Umsatz von 333,6 Millionen Dollar und einem Gewinn pro ADR von 0,41 Dollar gerechnet. Für das Abschlussquartal ist Vorstandschef Robin Li zuversichtlich, die Erlöse auf bis zu 365 Millionen Dollar ausweiten zu können.
An der Börse reagierte die Baidu-Aktie auf die Veröffentlichung mit Aufschlägen. Nachdem sich die die Titel bereits im regulären Geschäft um 2,4 Prozent auf 102,48 Dollar verteuert hatten, ging es nachbörslich um weitere 0,5 Prozent in die Höhe.
Gebremste Euphorie
Gemessen an der starken Performance im operativen Geschäft und dem positiven Ausblick erscheint die Reaktion der Anleger sehr verhalten. Allerdings hat die Börse einen Teil der Entwicklung bereits in den vergangenen sechs Wochen vorweggenommen. Seit Anfang September verteuerten sich die Anteilsscheine von 80 Dollar auf zuletzt rund 102 Dollar, ein Plus von knapp unter 30 Prozent.
Google sieht nur die Rücklichter
Beim Marktanteil hat Baidu seit Jahresbeginn kräftig zugelegt und den Wert gegenüber den ersten drei Monaten 2010 um neun Prozentpunkte auf 73 Prozent erhöht. Baidus Erzrivale Google, der sich vom chinesischen Festland nach Hongkong zurückgezogen hat, büßte laut jüngsten Berechnungen 9,3 Prozentpunkte auf 21,6 Prozent Marktanteil ein.
Aktie im Aufwind
Wie geht es weiter mit der Baidu-Aktie? DER AKTIONÄR hat in den vergangenen Monaten mehrfach auf die extrem hohe Bewertung der Titel hingewiesen, die auch durch die Dominanz im heimischen Markt kaum zu rechtfertigen ist. Die (Short-) Spekulation im Hinblick auf eine mögliche Bewertungskorrektur ist jedoch nicht aufgegangen.
Treue Fangemeinde
Fundamental bleibt bei Baidu alles beim Alten: Mit einem KGV von 46 auf Basis der für 2011 erwarteten Gewinne erscheint Baidu zu teuer. Das extrem positive Sentiment für die Titel und die vielversprechende Charttechnik könnten den Titel dennoch weiter in die Höhe treiben. Investierte Anleger sollten ihre Kursgewinne mit einem Stopp absichern.
gute aktien wahren schon immer teuer, und sollten bei den amis anschlußkäufe kommen, dann müssen die shorties eindecken und das sind nicht wenige, das shortinteresst ist bei 14,3%:
dann hoffen wir mal das sie eindecken müssen.......
dann hoffen wir mal das sie eindecken müssen.......
Na, mal schaun, ob das auf fruchtbaren Boden fällt.
22.10.2010 13:10
BRIEF-RESEARCH ALERT-ThinkEquity raises Baidu price target
Oct 22 (Reuters) - Baidu Inc:
* Thinkequity raises Baidu Inc price target to $130 from $115; rating buy
22.10.2010 13:10
BRIEF-RESEARCH ALERT-ThinkEquity raises Baidu price target
Oct 22 (Reuters) - Baidu Inc:
* Thinkequity raises Baidu Inc price target to $130 from $115; rating buy
Antwort auf Beitrag Nr.: 40.373.331 von Karlll am 22.10.10 13:14:06Hier ist gleich noch ein Copilot, der sich anschließt, da müssen die Shorties ja irgend-
wann verzweifeln, oder ob sie es heute abend trotzdem versuchen?
22.10.2010 12:48
BRIEF-RESEARCH ALERT-Susquehanna raises Baidu price target
Oct 22 (Reuters) - Baidu Inc:
* Susquehanna raises Baidu Inc price target to $125 from $100; rating
positive
wann verzweifeln, oder ob sie es heute abend trotzdem versuchen?
22.10.2010 12:48
BRIEF-RESEARCH ALERT-Susquehanna raises Baidu price target
Oct 22 (Reuters) - Baidu Inc:
* Susquehanna raises Baidu Inc price target to $125 from $100; rating
positive
und der shortsqueez fängt zu laufen an, das wasser kocht.
Oct 22 (Reuters) - Baidu Inc: * Thinkequity raises Baidu Inc price target to $130 from $115; rating buy For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
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Und die zweite Anhebung!
Oct 22 (Reuters) - Baidu Inc: * Susquehanna raises Baidu Inc price target to $125 from $100; rating positive For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Oct 22 (Reuters) - Baidu Inc: * Susquehanna raises Baidu Inc price target to $125 from $100; rating positive For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Und die dritte Anhebung!
Oct 22 (Reuters) - Baidu Inc: * RBC raises Baidu Inc price target to $111 from $102; rating outperform For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Oct 22 (Reuters) - Baidu Inc: * RBC raises Baidu Inc price target to $111 from $102; rating outperform For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
22.10.2010 16:39
BRIEF-RESEARCH ALERT-S&P Equity raises Baidu to buy
Oct 22 (Reuters) - Baidu Inc:
* S&P Equity Research raises Baidu Inc to buy from hold
BRIEF-RESEARCH ALERT-S&P Equity raises Baidu to buy
Oct 22 (Reuters) - Baidu Inc:
* S&P Equity Research raises Baidu Inc to buy from hold
Übersetzung von Englisch nach Deutsch
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von $ 104,85 auf ein Hoch von 109,34 $ aufgespannt wird. Gestern gewannen die Aktien 4,68%, die den Handel oberhalb der 3-Tages-Hoch von 103,50 $ übernahm Volumen von 31.700.000 Aktien.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 90,31 $ und oberhalb ihrer 200-Tage-MA von 70,01 $. Suchen Sie nach diesen MAs, um Unterstützung für eine kurzfristige Trendwende an den Aktien bereitzustellen.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ kaufen. Die Aktie hat 27,8% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass die Aktie auf Pullback in Richtung der 103,50 $ Unterstützung Ebene. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in der SmarTrend Internet Information Providers Industrie.
Anhören
Baidu (NASDAQ: BIDU) gehandelt in einem Bereich vor, dass von einem Tief von $ 104,85 auf ein Hoch von 109,34 $ aufgespannt wird. Gestern gewannen die Aktien 4,68%, die den Handel oberhalb der 3-Tages-Hoch von 103,50 $ übernahm Volumen von 31.700.000 Aktien.
Aktien von Baidu sind derzeit Handel über ihren 50-Tage gleitenden Durchschnitt (MA) von 90,31 $ und oberhalb ihrer 200-Tage-MA von 70,01 $. Suchen Sie nach diesen MAs, um Unterstützung für eine kurzfristige Trendwende an den Aktien bereitzustellen.
SmarTrend ist bullish auf Aktien von Baidu und unsere Abonnenten wurden alarmiert, um auf 3. September 2010 bei 83,92 $ kaufen. Die Aktie hat 27,8% gestiegen, da die Ausschreibung zugrunde.
SmarTrend hat die Aktien in einem Aufwärtstrend und erwartet, dass die Aktie auf Pullback in Richtung der 103,50 $ Unterstützung Ebene. Danach erwarten wir, dass es nach oben zu bewegen mit ihren Kollegen in der SmarTrend Internet Information Providers Industrie.
Anhören
25.10.2010 09:37
BRIEF-RESEARCH ALERT-HSBC raises Baidu price target
Oct 25 (Reuters) - Baidu Inc:
* HSBC raises Baidu Inc price target to $116 from $80; keeps neutral
BRIEF-RESEARCH ALERT-HSBC raises Baidu price target
Oct 25 (Reuters) - Baidu Inc:
* HSBC raises Baidu Inc price target to $116 from $80; keeps neutral
Baidu Releases WAP Site Generator
Tencent Tech, 10/25/10
Chinese internet firm Baidu (Nasdaq: BIDU) quietly launched its mobile developers platform (gate.baidu.com) in the past few days, an industry insider has discovered. The platform will generate a WAP version of any standard webpage entered into the text input box. If a website has already developed a WAP site, Baidu mobile search can be informed and users will be automatically redirected to that site.
The next step for the Baidu mobile developers platform is to enable three functions to allow website administrators to make changes to the generated WAP site, use the generated WAP site to build their own WAP site, and view traffic data such as number of daily visitors and daily pageviews.
Tencent Tech, 10/25/10
Chinese internet firm Baidu (Nasdaq: BIDU) quietly launched its mobile developers platform (gate.baidu.com) in the past few days, an industry insider has discovered. The platform will generate a WAP version of any standard webpage entered into the text input box. If a website has already developed a WAP site, Baidu mobile search can be informed and users will be automatically redirected to that site.
The next step for the Baidu mobile developers platform is to enable three functions to allow website administrators to make changes to the generated WAP site, use the generated WAP site to build their own WAP site, and view traffic data such as number of daily visitors and daily pageviews.
Mega Stock Picks gives BAIDU Inc. (BIDU) a $160 Price Target
(EMAILWIRE.COM, October 25, 2010 ) Minneapolis, MN - Baidu, Inc. (NasdaqGS:BIDU) has been given a $160 price target by Mega Stock Picks based on the current earnings report and future guidance.
Baidu, Inc. (NasdaqGS:BIDU) did a 10 for 1 stock split and ever since has gone up hill. Mega Stock Picks believes that (BIDU) will continue its rampage throughout winter and hit $160 by spring.
Baidu, Inc. (NasdaqGS:BIDU) has a huge market share in China, nearly sixty percent, if not more.
Visit www.megastockpicks.com and sign up for our FREE alerts, we first alerted (BIDU) at $68 dollars a couple months back.
Baidu, Inc. (NasdaqGS:BIDU) most likely will be up again on Monday, as of right now futures in Europe and Asia are way up.
Google Inc. (NasdaqGS:GOOG) should continue to fall, while (BIDU) eats up more market share.
ABOUT Megastockpicks.com
Mega Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. MegaStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.
MegaStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails.
MegaStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. MegaStockPicks.com ‘s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. MegaStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. MegaStockPicks.com viewers should always make their own financial decisions.
Contact Information:
Mega Stock Picks
Editor
Tel: 651-442-4255
Email us
(EMAILWIRE.COM, October 25, 2010 ) Minneapolis, MN - Baidu, Inc. (NasdaqGS:BIDU) has been given a $160 price target by Mega Stock Picks based on the current earnings report and future guidance.
Baidu, Inc. (NasdaqGS:BIDU) did a 10 for 1 stock split and ever since has gone up hill. Mega Stock Picks believes that (BIDU) will continue its rampage throughout winter and hit $160 by spring.
Baidu, Inc. (NasdaqGS:BIDU) has a huge market share in China, nearly sixty percent, if not more.
Visit www.megastockpicks.com and sign up for our FREE alerts, we first alerted (BIDU) at $68 dollars a couple months back.
Baidu, Inc. (NasdaqGS:BIDU) most likely will be up again on Monday, as of right now futures in Europe and Asia are way up.
Google Inc. (NasdaqGS:GOOG) should continue to fall, while (BIDU) eats up more market share.
ABOUT Megastockpicks.com
Mega Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. MegaStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.
MegaStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails.
MegaStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. MegaStockPicks.com ‘s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. MegaStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. MegaStockPicks.com viewers should always make their own financial decisions.
Contact Information:
Mega Stock Picks
Editor
Tel: 651-442-4255
Email us
BAIDU.COM neues Kursziel
Rating-Update:
London (aktiencheck.de AG) - Jin Yoon, Analyst von Nomura Equity Research, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde von 90,00 auf 130,00 USD angehoben. (Analyse vom 25.10.10) (26.10.2010/ac/a/u)
Rating-Update:
London (aktiencheck.de AG) - Jin Yoon, Analyst von Nomura Equity Research, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde von 90,00 auf 130,00 USD angehoben. (Analyse vom 25.10.10) (26.10.2010/ac/a/u)
Prognosen für die BAIDU, INC. Aktie Datum Kurs
(EUR) Änd. in %
26.11.2010, 17:30 87,12 7,58%
27.12.2010, 17:30 93,72 15,73%
27.01.2011, 17:30 100,82 24,50%
28.02.2011, 17:30 108,46 33,93%
28.03.2011, 17:30 116,68 44,08%
Prognose von OnVista
(EUR) Änd. in %
26.11.2010, 17:30 87,12 7,58%
27.12.2010, 17:30 93,72 15,73%
27.01.2011, 17:30 100,82 24,50%
28.02.2011, 17:30 108,46 33,93%
28.03.2011, 17:30 116,68 44,08%
Prognose von OnVista
Baidu.com kaufen
28.10.2010 - 08:14
Detmold (aktiencheck.de AG) - Nach Meinung der Experten vom "Asia Investor" bleibt die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) ein ganz eindeutiger Kauf.
Das Unternehmen habe die Markterwartungen übertreffen können. Im dritten Quartal habe man einen Gewinn von 1,05 Mrd. Yuan erzielt, was einer Steigerung von mehr als 100% entspreche. Die Analysten hätten im Vorfeld nur mit einem Nettogewinn von 959 Mio. Yuan gerechnet. Der Umsatz habe um 76% auf 2,26 Mrd. Yuan zugenommen, was ebenfalls über den Schätzungen gelegen habe.
Die Aussichten für die Zukunft seien optimistisch. Das Unternehmen habe dieser Tage einen neuen Service ins Leben gerufen. Über seine Internet-Seiten könnten nun Inhalte gekauft werden, wobei E-Books an oberster Stelle stünden. BAIDU.COM wolle seine Umsatzbasis damit verbreitern, was bestimmt auch gelingen und das künftige Wachstum sichern werde.
Der Umsatz im vierten Quartal werde sich laut BAIDU.COM auf bis zu 2,44 Mrd. Yuan erhöhen. Die bisherigen Markterwartungen seien hingegen nur bei 2,34 Mrd. Yuan angesiedelt gewesen. Es sei nicht verwunderlich, dass das Management so optimistisch an die Sache herangehe. Immerhin habe der Marktanteil von BAIDU.COM in China laut jüngsten Daten auf satte 80% ausgebaut werden können. Zurzeit könne nichts ernsthaft die Vorherrschaft von BAIDU.COM in Gefahr bringen.
Nach Ansicht der Experten von "Asia Investor" bleibt die BAIDU.COM-Aktie ein ganz eindeutiger Kauf und wird bei 66,00 Euro per Stopp-Loss-Kurs abgesichert. (Ausgabe 43 vom 27.10.2010) (27.10.2010/ac/a/a)
Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.
Quelle: Finanzen.net
28.10.2010 - 08:14
Detmold (aktiencheck.de AG) - Nach Meinung der Experten vom "Asia Investor" bleibt die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) ein ganz eindeutiger Kauf.
Das Unternehmen habe die Markterwartungen übertreffen können. Im dritten Quartal habe man einen Gewinn von 1,05 Mrd. Yuan erzielt, was einer Steigerung von mehr als 100% entspreche. Die Analysten hätten im Vorfeld nur mit einem Nettogewinn von 959 Mio. Yuan gerechnet. Der Umsatz habe um 76% auf 2,26 Mrd. Yuan zugenommen, was ebenfalls über den Schätzungen gelegen habe.
Die Aussichten für die Zukunft seien optimistisch. Das Unternehmen habe dieser Tage einen neuen Service ins Leben gerufen. Über seine Internet-Seiten könnten nun Inhalte gekauft werden, wobei E-Books an oberster Stelle stünden. BAIDU.COM wolle seine Umsatzbasis damit verbreitern, was bestimmt auch gelingen und das künftige Wachstum sichern werde.
Der Umsatz im vierten Quartal werde sich laut BAIDU.COM auf bis zu 2,44 Mrd. Yuan erhöhen. Die bisherigen Markterwartungen seien hingegen nur bei 2,34 Mrd. Yuan angesiedelt gewesen. Es sei nicht verwunderlich, dass das Management so optimistisch an die Sache herangehe. Immerhin habe der Marktanteil von BAIDU.COM in China laut jüngsten Daten auf satte 80% ausgebaut werden können. Zurzeit könne nichts ernsthaft die Vorherrschaft von BAIDU.COM in Gefahr bringen.
Nach Ansicht der Experten von "Asia Investor" bleibt die BAIDU.COM-Aktie ein ganz eindeutiger Kauf und wird bei 66,00 Euro per Stopp-Loss-Kurs abgesichert. (Ausgabe 43 vom 27.10.2010) (27.10.2010/ac/a/a)
Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.
Quelle: Finanzen.net
Baidu’s localisation problem in Japan
Posted by Sherman So on November 5, 2010 · Filed Under China, Japan
I was talking to a friend yesterday. He told me, just as Google fails to localize in China, Baidu faces the same localization problem when it develops the Japanese search engine market.
The Reasons: The Japanese has a different preference in their search from the Chinese. One thing they like to search over the internet is peoples’ names, as they like to read blogs of other persons. They are also very superstitious and like to search for information such as fortune telling, palm reading, etc. The different in preference require the search engine to be designed with a different ranking system. And Baidu has to readjust its search engine for these.
Another problem Baidu faces when developing Japanese market is the political tension between the two countries. Whenever there is a quarrel between the two, Baidu’s traffic in Japan could be affected. For example, recently the two nations argued again over Diyutai, an island over South China Sea which both claimed to be theirs. Just as the Chinese protested in China, the Japanese were doing the same in Japan. Baidu’s search engine was boycotted and traffic dropped.
However, Baidu still hopes to develop the Japanese market, as the online advertising market is much more mature than that in China. Japanese advertisers are much more willing to buy keywords from search engines. Also, cost per click for each keyword can be much more expensive than in China, something like 10 times.
Posted by Sherman So on November 5, 2010 · Filed Under China, Japan
I was talking to a friend yesterday. He told me, just as Google fails to localize in China, Baidu faces the same localization problem when it develops the Japanese search engine market.
The Reasons: The Japanese has a different preference in their search from the Chinese. One thing they like to search over the internet is peoples’ names, as they like to read blogs of other persons. They are also very superstitious and like to search for information such as fortune telling, palm reading, etc. The different in preference require the search engine to be designed with a different ranking system. And Baidu has to readjust its search engine for these.
Another problem Baidu faces when developing Japanese market is the political tension between the two countries. Whenever there is a quarrel between the two, Baidu’s traffic in Japan could be affected. For example, recently the two nations argued again over Diyutai, an island over South China Sea which both claimed to be theirs. Just as the Chinese protested in China, the Japanese were doing the same in Japan. Baidu’s search engine was boycotted and traffic dropped.
However, Baidu still hopes to develop the Japanese market, as the online advertising market is much more mature than that in China. Japanese advertisers are much more willing to buy keywords from search engines. Also, cost per click for each keyword can be much more expensive than in China, something like 10 times.
Antwort auf Beitrag Nr.: 40.461.468 von Karlll am 05.11.10 11:12:30HI zusammen !!!
Weißt einer von euch ob Baidu auch in Asien gehandelt ist
oder nur auf der Naddaq und bei uns.
Den alle die mir helfen besten DANK
Androm
Weißt einer von euch ob Baidu auch in Asien gehandelt ist
oder nur auf der Naddaq und bei uns.
Den alle die mir helfen besten DANK
Androm
Antwort auf Beitrag Nr.: 40.473.275 von androm am 08.11.10 10:30:49Nur noch in Singapur und das erst seit 3 Wochen.
Hier ist der Link.
http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indic…
Um zu Baidu zu gelangen mußt Du auf "B" klicken.
Gruß
Karlll
Hier ist der Link.
http://www.sgx.com/wps/portal/marketplace/mp-en/prices_indic…
Um zu Baidu zu gelangen mußt Du auf "B" klicken.
Gruß
Karlll
Time to Short Baidu?
Rick Aristotle Munarriz
November 9, 2010
Baidu (Nasdaq: BIDU) is in the crosshairs of this morning's "Heard on the Street" column in The Wall Street Journal.
Like any good bash piece, it begins with the "having said that" accolades to build up China's leading search engine before tearing it down:
* Baidu's stock has risen 40-fold since its 2005 IPO.
* Revenue has grown 25-fold in that time -- and 30-fold for stateside investors given the depreciating greenback relative to the buoyant yuan.
* Revenue is accelerating, pegged to grow at a 78% clip this year after last year's recessionary slowdown of only growing by 39%.
* Taking a page out of Google's (Nasdaq: GOOG) playbook, Baidu is getting advertisers to pay more by expanding the keywords they bid on to generate leads.
* Less than a third of China is online, compared with developed nations hovering around the 80% penetration mark.
* China's economy is growing at a 10% clip, according to World Bank, with Baidu obviously growing considerably faster than that.
Did you enjoy the praise-worthy climb up the roller-coaster chain-lift? I hope so, because here comes the drop.
Hands up!
The article touches on a few potential risks. Rolfe Winkler argues that e-commerce rival Alibaba.com -- where Yahoo! (Nasdaq: YHOO) enjoys a passive minority stake -- could eat away at Baidu's whopping 73% market share through its new search engine fueled by Microsoft's (Nasdaq: MSFT) Bing.
There are also China-related risks.
"Profits are ultimately at the mercy of the Communist Party," Winkler writes. He also alludes to the credit bubble risk.
However, Winkler's longest argument against Baidu is a more practical one. He pits Baidu's $38 billion enterprise value against Google's $170 billion chunk. He assigns a value of $80 billion to Google's stateside operations, because it accounts for a little less than half of its overall business. He then figures that China's economy will be half as large at the United States in four years -- arriving at a value of $40 billion in four years.
Obviously, it's a slow crawl from $38 billion to $40 billion and certainly not the kind of play that someone would want to make given the risks and volatility inherent in buying into China in general and Baidu in particular.
Baidu would be boring at best -- and disastrous below that.
Enjoy the ride
Thankfully, there are so many favorable variables that Winkler sidesteps in this morning's diss.
If the Chinese economy is half the size of the United States' in four years, Baidu will likely be worth more -- a lot more -- than $40 billion.
For starters, let's consider that Baidu's 73% share in China is greater than Google's chunk of nearly two-thirds of the stateside market. This will fluctuate, of course, but both Baidu and Google have been the undisputed champs in their home turf for years. One can argue that the chances of Baidu's market being gnawed at by Alibaba or Sohu.com's (Nasdaq: SOHU) Sogou are less than Google giving up ground domestically. In China, Baidu's closest competitor -- Google -- is losing share. In the United States, Bing is going to gain ground as a result of its partnership with Yahoo!.
Why are we only dealing with the top line of a country's economy? Let's go down to the bottom line. In its latest quarter, Google clocked in with net margins of 29.7%. Baidu, on the other hand, delivered net margins of 46.4%. In layman terms, Google generated nearly $0.30 in profit out of every dollar in revenue. Baidu -- as the result of lean operations and toiling away in a country with a friendlier corporate tax rate -- milked more than $0.46 in earnings out of every buck received. This point alone should boost Baidu's enterprise value target from $40 billion to $60 billion.
It doesn't end there, though. What do we do with the free cash flow that Baidu will generate over the next four years? How do we account for the inevitable rising of the yuan relative to the greenback? How do we factor in Baidu's growth outside of China? It already launched in Japan, and many schools and universities around the world are teaching their students Mandarin in order to reach out to China's 1.3 billion people.
All of these questions point to even greater valuations for Baidu, but we still haven't touched on the doozy in Winkler's argument.
Right now, Google is trading for 22 times this year's earnings and 19 times next year's target. Does anyone really believe that Baidu will be trading at a year ahead multiple in the teens, when there will still be so much growth to be had? Oh, and shouldn't we be relocating this entire argument to Google's enterprise value and valuation circa 2014?
Keep in mind that China's population is four times greater. If its economy is only half the size of the United States' in four years, it means that it still has an eightfold spurt to go before catching up. Pitting a maturing Google against a Baidu that will still be early in its growth cycle is quite unfair.
Unbuckle those seat belts
Baidu will always be volatile. It will never be cheap.
Bargain hunters may even have problems with new media darling SINA (Nasdaq: SINA) trading at 31 times next year's earnings and leading travel portal Ctrip.com's (Nasdaq: CTRP) heading multiple of 38 -- and those companies aren't growing as quickly as Baidu.
The risks in China are real, even if the country's global credibility would have a lot more to lose than Baidu shareholders if it should ever clamp down on paid search's potential.
You can always spot the folks who think Baidu is overvalued and headed for a fall. They're usually the same ones who were bashing the stock at half of today's price earlier this year -- or even at its IPO before its 40-fold advance.
Do you think Baidu is a good buy at this point? Share your thoughts in the comment box below.
Legal Information. © 1995-2008 The Motley Fool. All rights reserved.
Pr
Rick Aristotle Munarriz
November 9, 2010
Baidu (Nasdaq: BIDU) is in the crosshairs of this morning's "Heard on the Street" column in The Wall Street Journal.
Like any good bash piece, it begins with the "having said that" accolades to build up China's leading search engine before tearing it down:
* Baidu's stock has risen 40-fold since its 2005 IPO.
* Revenue has grown 25-fold in that time -- and 30-fold for stateside investors given the depreciating greenback relative to the buoyant yuan.
* Revenue is accelerating, pegged to grow at a 78% clip this year after last year's recessionary slowdown of only growing by 39%.
* Taking a page out of Google's (Nasdaq: GOOG) playbook, Baidu is getting advertisers to pay more by expanding the keywords they bid on to generate leads.
* Less than a third of China is online, compared with developed nations hovering around the 80% penetration mark.
* China's economy is growing at a 10% clip, according to World Bank, with Baidu obviously growing considerably faster than that.
Did you enjoy the praise-worthy climb up the roller-coaster chain-lift? I hope so, because here comes the drop.
Hands up!
The article touches on a few potential risks. Rolfe Winkler argues that e-commerce rival Alibaba.com -- where Yahoo! (Nasdaq: YHOO) enjoys a passive minority stake -- could eat away at Baidu's whopping 73% market share through its new search engine fueled by Microsoft's (Nasdaq: MSFT) Bing.
There are also China-related risks.
"Profits are ultimately at the mercy of the Communist Party," Winkler writes. He also alludes to the credit bubble risk.
However, Winkler's longest argument against Baidu is a more practical one. He pits Baidu's $38 billion enterprise value against Google's $170 billion chunk. He assigns a value of $80 billion to Google's stateside operations, because it accounts for a little less than half of its overall business. He then figures that China's economy will be half as large at the United States in four years -- arriving at a value of $40 billion in four years.
Obviously, it's a slow crawl from $38 billion to $40 billion and certainly not the kind of play that someone would want to make given the risks and volatility inherent in buying into China in general and Baidu in particular.
Baidu would be boring at best -- and disastrous below that.
Enjoy the ride
Thankfully, there are so many favorable variables that Winkler sidesteps in this morning's diss.
If the Chinese economy is half the size of the United States' in four years, Baidu will likely be worth more -- a lot more -- than $40 billion.
For starters, let's consider that Baidu's 73% share in China is greater than Google's chunk of nearly two-thirds of the stateside market. This will fluctuate, of course, but both Baidu and Google have been the undisputed champs in their home turf for years. One can argue that the chances of Baidu's market being gnawed at by Alibaba or Sohu.com's (Nasdaq: SOHU) Sogou are less than Google giving up ground domestically. In China, Baidu's closest competitor -- Google -- is losing share. In the United States, Bing is going to gain ground as a result of its partnership with Yahoo!.
Why are we only dealing with the top line of a country's economy? Let's go down to the bottom line. In its latest quarter, Google clocked in with net margins of 29.7%. Baidu, on the other hand, delivered net margins of 46.4%. In layman terms, Google generated nearly $0.30 in profit out of every dollar in revenue. Baidu -- as the result of lean operations and toiling away in a country with a friendlier corporate tax rate -- milked more than $0.46 in earnings out of every buck received. This point alone should boost Baidu's enterprise value target from $40 billion to $60 billion.
It doesn't end there, though. What do we do with the free cash flow that Baidu will generate over the next four years? How do we account for the inevitable rising of the yuan relative to the greenback? How do we factor in Baidu's growth outside of China? It already launched in Japan, and many schools and universities around the world are teaching their students Mandarin in order to reach out to China's 1.3 billion people.
All of these questions point to even greater valuations for Baidu, but we still haven't touched on the doozy in Winkler's argument.
Right now, Google is trading for 22 times this year's earnings and 19 times next year's target. Does anyone really believe that Baidu will be trading at a year ahead multiple in the teens, when there will still be so much growth to be had? Oh, and shouldn't we be relocating this entire argument to Google's enterprise value and valuation circa 2014?
Keep in mind that China's population is four times greater. If its economy is only half the size of the United States' in four years, it means that it still has an eightfold spurt to go before catching up. Pitting a maturing Google against a Baidu that will still be early in its growth cycle is quite unfair.
Unbuckle those seat belts
Baidu will always be volatile. It will never be cheap.
Bargain hunters may even have problems with new media darling SINA (Nasdaq: SINA) trading at 31 times next year's earnings and leading travel portal Ctrip.com's (Nasdaq: CTRP) heading multiple of 38 -- and those companies aren't growing as quickly as Baidu.
The risks in China are real, even if the country's global credibility would have a lot more to lose than Baidu shareholders if it should ever clamp down on paid search's potential.
You can always spot the folks who think Baidu is overvalued and headed for a fall. They're usually the same ones who were bashing the stock at half of today's price earlier this year -- or even at its IPO before its 40-fold advance.
Do you think Baidu is a good buy at this point? Share your thoughts in the comment box below.
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Antwort auf Beitrag Nr.: 40.487.269 von Karlll am 09.11.10 20:20:59das ding ist nur am steigen
ich denke ne verdopplung bis ende nächsten Jahres ist hier drinnen
ich denke ne verdopplung bis ende nächsten Jahres ist hier drinnen
Antwort auf Beitrag Nr.: 40.505.440 von mann337 am 11.11.10 19:41:17Also, mann,
bei aller Wertschätzung für Dich und Baidu, aber die 230 Dollar werden wir bis Ende nächsten Jahres sicher nicht sehen, und sollte es doch so kommen, bin ich bereit aus meinem Depot ob Deiner zutreffenden Weissagung 5 Baidu-Anteile an Dich zu transferieren.
... und die gönne ich Dir dann von ganzem Herzen und hoffe, daß Sie Dir dann auch künftig
viel Freude bereiten.
Gruß
Karlll
bei aller Wertschätzung für Dich und Baidu, aber die 230 Dollar werden wir bis Ende nächsten Jahres sicher nicht sehen, und sollte es doch so kommen, bin ich bereit aus meinem Depot ob Deiner zutreffenden Weissagung 5 Baidu-Anteile an Dich zu transferieren.
... und die gönne ich Dir dann von ganzem Herzen und hoffe, daß Sie Dir dann auch künftig
viel Freude bereiten.
Gruß
Karlll
Antwort auf Beitrag Nr.: 40.505.818 von Karlll am 11.11.10 20:23:31Hallo Karl
das hört sich sehr gut an, kannst dir nun vorstellen, das ich beide Daumen uns
drücke
du musst dich gut eingedeckt haben damit
ich war leider damals zu doof und habe diese Geldmaschiene vieeeeeel zu früh verramscht sozusagen
Gruß Jan
das hört sich sehr gut an, kannst dir nun vorstellen, das ich beide Daumen uns
drückedu musst dich gut eingedeckt haben damit
ich war leider damals zu doof und habe diese Geldmaschiene vieeeeeel zu früh verramscht sozusagen
Gruß Jan
Antwort auf Beitrag Nr.: 40.513.710 von mann337 am 12.11.10 17:38:16Moin, mann,
momentan geht es ja reichlich gen Süden. Also, wenn Du nochmal nachlegen möchtest, jetzt
bietet sich die Chance.
Außerdem ist, so finde ich, wirklich nicht vorhersehbar, so der Kurs in ca. 1 Jahr stehen
wird, mal relativ stabile Aktien- und Anleihemärkte vorausgesetzt. Momentan rumpelt es
doch an der Eurofront schon wieder gewaltig.
Du bist doch auch schon lange genug im Geschäft, und bereits Wilhelm Busch wußte:
"Aber hier wie überhaupt kommt es anders als man glaubt".
Und so wäre auch ein Kurs von ca. 55 US-Dollar möglich denn bei Panik am Markt
wollen plötzlich alle durch die gleiche Tür, und wenn dann zu wenig nehmende Hände da
sind, geht es mit den Kursen erdrutschartig nach unten.
Gruß
Karlll
momentan geht es ja reichlich gen Süden. Also, wenn Du nochmal nachlegen möchtest, jetzt
bietet sich die Chance.
Außerdem ist, so finde ich, wirklich nicht vorhersehbar, so der Kurs in ca. 1 Jahr stehen
wird, mal relativ stabile Aktien- und Anleihemärkte vorausgesetzt. Momentan rumpelt es
doch an der Eurofront schon wieder gewaltig.
Du bist doch auch schon lange genug im Geschäft, und bereits Wilhelm Busch wußte:
"Aber hier wie überhaupt kommt es anders als man glaubt".
Und so wäre auch ein Kurs von ca. 55 US-Dollar möglich denn bei Panik am Markt
wollen plötzlich alle durch die gleiche Tür, und wenn dann zu wenig nehmende Hände da
sind, geht es mit den Kursen erdrutschartig nach unten.
Gruß
Karlll
99% of China's 420 Million Internet Users Search With Baidu
by: TechCrunch November 16, 2010
By Alexia Tsotsis
Baidu CEO Robin Li made a rare appearance at the Web 2.0 Summit this afternoon and revealed some interesting information on the extent of his company’s reach. “Baidu answers more search queries in China than any other search engine in any other market, including Google in the US.”
This might be one of the many data points supporting why the Baidu (BIDU) stock has more than doubled since January, now at a market cap of 40 billion. That is roughly the size of eBay’s.
“We have a lot of room for growth,” Li said, as 1/3 of China currently has Internet access which boils down to about 420 million people. According to Li 99% of those people use Baidu as their search engine and that number can more than double with growing popularity of mobile phones.
So why Google (GOOG) was not as successful in China? “China is a very different market and Google was not close enough to feel the market.” Li also blames Silicon Valley. The proliferation of VC money poured into the local search market was one of the reasons Google failed to reach market share. Before it redirected its Chinese site to Google Hong Kong, that is.
Interestingly enough, Li himself said he thought about moving Baidu to Hong Kong a year after starting Baidu because of Chinese censorship. Li’s decision to stay has been somewhat vindicated by the fact that Baidu’s revenue has grown by 30 times over the last 5 yrs.
Li also does not regret having turned down offers in the $1.5 to $2 billion range from Google, Yahoo (YHOO) and Microsoft (MSFT). “I knew Baidu had more potential than 1-2 billion,” Li said.
Original post
by: TechCrunch November 16, 2010
By Alexia Tsotsis
Baidu CEO Robin Li made a rare appearance at the Web 2.0 Summit this afternoon and revealed some interesting information on the extent of his company’s reach. “Baidu answers more search queries in China than any other search engine in any other market, including Google in the US.”
This might be one of the many data points supporting why the Baidu (BIDU) stock has more than doubled since January, now at a market cap of 40 billion. That is roughly the size of eBay’s.
“We have a lot of room for growth,” Li said, as 1/3 of China currently has Internet access which boils down to about 420 million people. According to Li 99% of those people use Baidu as their search engine and that number can more than double with growing popularity of mobile phones.
So why Google (GOOG) was not as successful in China? “China is a very different market and Google was not close enough to feel the market.” Li also blames Silicon Valley. The proliferation of VC money poured into the local search market was one of the reasons Google failed to reach market share. Before it redirected its Chinese site to Google Hong Kong, that is.
Interestingly enough, Li himself said he thought about moving Baidu to Hong Kong a year after starting Baidu because of Chinese censorship. Li’s decision to stay has been somewhat vindicated by the fact that Baidu’s revenue has grown by 30 times over the last 5 yrs.
Li also does not regret having turned down offers in the $1.5 to $2 billion range from Google, Yahoo (YHOO) and Microsoft (MSFT). “I knew Baidu had more potential than 1-2 billion,” Li said.
Original post
Antwort auf Beitrag Nr.: 40.532.095 von Karlll am 16.11.10 17:54:41Und so wäre auch ein Kurs von ca. 55 US-Dollar möglich denn bei Panik am Markt
wollen plötzlich alle durch die gleiche Tür, und wenn dann zu wenig nehmende Hände da
sind, geht es mit den Kursen erdrutschartig nach unten.
Ist auch meine Meinung. Grundsätzlich positiv für die Aktie. Aber ich befürchte der Satz
"wenn Hausfrauen/-männer über Aktien reden" sollte wenn entweder abwarten, verkaufen oder auf fallende Kurse setzen.
Nachdem in meinen Kollegenkreis immer mehr Frauen/Männer über Aktien reden, mit den ich die letzten 20 Jahre noch nie über Aktien gesprochen/diskutiert habe, glaube ich das dieser Zeitpunkt da ist.
wollen plötzlich alle durch die gleiche Tür, und wenn dann zu wenig nehmende Hände da
sind, geht es mit den Kursen erdrutschartig nach unten.
Ist auch meine Meinung. Grundsätzlich positiv für die Aktie. Aber ich befürchte der Satz
"wenn Hausfrauen/-männer über Aktien reden" sollte wenn entweder abwarten, verkaufen oder auf fallende Kurse setzen.
Nachdem in meinen Kollegenkreis immer mehr Frauen/Männer über Aktien reden, mit den ich die letzten 20 Jahre noch nie über Aktien gesprochen/diskutiert habe, glaube ich das dieser Zeitpunkt da ist.
Antwort auf Beitrag Nr.: 40.535.034 von Rambus2007 am 17.11.10 06:00:40BAIDU - Kleines Toppingmuster mit Shortchancen
von Rene Berteit
Dienstag 16.11.2010, 20:58 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: Nasdaq in USD / Kursstand: 104,30 $
Die Kurse von Baidu fallen heute unter die Unterstützung bei 107,19 $ zurück und aktivieren somit ein Doppelhoch innerhalb des mittelfristigen Aufwärtstrends. Das rechnerische Kursziel liegt bei ca. 100,60 $ und fällt aufgrund der relativ kleinen Toppformation entsprechend „mager“ aus. Wichtig für die Bullen wird nun vor allem der starke Unterstützungsbereich um 96,40 $ sein, wo einige mittelfristige charttechnische Elemente zusammenlaufen. Bis in diesen Bereich könnte sich die aktuelle Abwärtsbewegung noch ausdehnen.
Kurzfristige, durchaus intradayinitiierte Shortpositionen bieten sich nun an, wobei bereits ein Tagesschlusskurs oberhalb von 109,20 $ als Stopp genutzt werden kann. Bei einem anvisierten Ziel im Bereich von 96,40 $ ergibt sich ein durchaus noch passendes Chance-Risiko-Verhältnis von 1,6.
von Rene Berteit
Dienstag 16.11.2010, 20:58 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: Nasdaq in USD / Kursstand: 104,30 $
Die Kurse von Baidu fallen heute unter die Unterstützung bei 107,19 $ zurück und aktivieren somit ein Doppelhoch innerhalb des mittelfristigen Aufwärtstrends. Das rechnerische Kursziel liegt bei ca. 100,60 $ und fällt aufgrund der relativ kleinen Toppformation entsprechend „mager“ aus. Wichtig für die Bullen wird nun vor allem der starke Unterstützungsbereich um 96,40 $ sein, wo einige mittelfristige charttechnische Elemente zusammenlaufen. Bis in diesen Bereich könnte sich die aktuelle Abwärtsbewegung noch ausdehnen.
Kurzfristige, durchaus intradayinitiierte Shortpositionen bieten sich nun an, wobei bereits ein Tagesschlusskurs oberhalb von 109,20 $ als Stopp genutzt werden kann. Bei einem anvisierten Ziel im Bereich von 96,40 $ ergibt sich ein durchaus noch passendes Chance-Risiko-Verhältnis von 1,6.
17.11.2010 14:16
BRIEF-RESEARCH ALERT-Stifel starts Baidu with buy
Nov 17 (Reuters) - :
* Stifel starts Baidu Inc with buy rating
BRIEF-RESEARCH ALERT-Stifel starts Baidu with buy
Nov 17 (Reuters) - :
* Stifel starts Baidu Inc with buy rating
Übersetzung von Englisch nach Deutsch
Stifel Nicolas Analyst George Askew heute Morgen abgeholt Abdeckung sowohl Baidu (BIDU) und Ctrip (CTRP) mit Sofort-Ratings.
Am Baidu legt Askew ein 144 $ Kursziel. Er bietet fünf Gründe für seine Haltung bullish:
Baidu dominiert Suche in China mit 73% Abfrage teilen.
Das Unternehmen verfügt über 272.000 aktiven Online-Werber - noch weniger als 1% der 40 Millionen potenzielle kleine und mittlere Unternehmen in China.
Baidu wird von einer verstärkten Verbreitung des Internet, die immer noch nur 31,6% der Bevölkerung profitieren.
Er sieht fünf Jahren verschärft Wachstum von 37% bei Umsatz und 44% des bereinigten EBITDA, wobei Benutzer Wachstum von 8% -10% jährlich und Suchanfragen pro Benutzer Wachstum von 6%.
Askew macht die Aktie verdient eine Prämie Bewertung.
Stifel Nicolas Analyst George Askew heute Morgen abgeholt Abdeckung sowohl Baidu (BIDU) und Ctrip (CTRP) mit Sofort-Ratings.
Am Baidu legt Askew ein 144 $ Kursziel. Er bietet fünf Gründe für seine Haltung bullish:
Baidu dominiert Suche in China mit 73% Abfrage teilen.
Das Unternehmen verfügt über 272.000 aktiven Online-Werber - noch weniger als 1% der 40 Millionen potenzielle kleine und mittlere Unternehmen in China.
Baidu wird von einer verstärkten Verbreitung des Internet, die immer noch nur 31,6% der Bevölkerung profitieren.
Er sieht fünf Jahren verschärft Wachstum von 37% bei Umsatz und 44% des bereinigten EBITDA, wobei Benutzer Wachstum von 8% -10% jährlich und Suchanfragen pro Benutzer Wachstum von 6%.
Askew macht die Aktie verdient eine Prämie Bewertung.
...eine Korrektur bis 70 Euro, würde der Aktie mal ganz gut tun.
Antwort auf Beitrag Nr.: 40.545.568 von Boersenclown am 18.11.10 13:14:12würde mir auch gut tun, hab mir ein puts reingelegt
19. 11. 2010
Dank Baidu 90 Million Klicks erzielt
Das Onlinevideoportal QIYI.com, das sich wegen seines hohen Bekanntheitsgrads und der tatkräftigen Unterstützung seiner Muttergesellschaft Baidu schnell entwickeln konnte, behauptete am Mittwoch, allein im Oktober schon etwa 90 Millionen erzielt zu haben, so ein Online-Forschungsbericht.
Das rasche Wachstum von QIYI.com, das innerhalb von nur sieben Monaten seit der Gründung des Unternehmens realisiert worden war, ist seiner Verlinkung mit der größten Suchmaschine Chinas, baidu.com, zu verdanken. Die Klickanzahl der Website von 90 Millionen wurde von Millward Brown Digital, einem Marktforschungsunternehmen, im letzten Monat angekündigt. Es war das erste Mal seit QIYIs Aufschaltung am 22. April, dass die Besuchsdaten dieser Website veröffentlicht worden sind. Die Website des Unternehmens behauptet, dass beim Angebot aller ihrer Online-Inhalte, einschließlich HD-Filme, TV-Serien, Dokumentar- und Animationsfilme, die entsprechenden urheberrechtlichen Vorschriften und Regulierungen strikt eingehalten worden seien.
QIYI-CEO Gong Yu sagte am Mittwoch an einer Pressekonferenz, dass das Wachstum der Besucherzahl auf die massiven Investitionen und Unterstützungen von Baidu zurückzuführen sei. "Wenn die Internet-Nutzer nach der TV-Serie A Dream of Red Mansions (eine fiktive Geschichte aus der Qing-Dynastie) auf Baidu suchen, stehen die Treffer vom Onlinevideoportal QIYI immer ganz oben auf der Seite der Suchergebnisse", erklärte Gong. Die Firma investierte vor kurzem 50 Millionen Yuan (5,51 Milliarden Euro) in ein System, das zur Vermeidung von Engpässen in den 30 wichtigsten Städten konzipiert ist. "Es ist wirklich eine riesige Geldsumme, aber es lohnt sich, da dadurch ein besseres Benutzererlebnis realisiert werden kann", so Gong.
Hohe Aufwände, einschließlich der für den Erwerb von Urheberrechten und der für die technologische Verbesserungen, und gleichzeitig niedrige Werbeeinnahmen, sind die größten Herausforderungen für die inländischen Onlinevideoportale. Gong sagte, dass er erwarte, dass QIYI in drei Jahren erstmals Gewinn schreiben könnte. Dutzende große Werbekunden, darunter auch Sony und Adidas, haben bereits Verträge mit QIYI abgeschlossen. Von der Wachstumsrate der Website ausgehend spekuliert Gong, dass QIYI innerhalb von fünf Jahren im Ausland notiert sein wird.
Quelle: Global Times
Dank Baidu 90 Million Klicks erzielt
Das Onlinevideoportal QIYI.com, das sich wegen seines hohen Bekanntheitsgrads und der tatkräftigen Unterstützung seiner Muttergesellschaft Baidu schnell entwickeln konnte, behauptete am Mittwoch, allein im Oktober schon etwa 90 Millionen erzielt zu haben, so ein Online-Forschungsbericht.
Das rasche Wachstum von QIYI.com, das innerhalb von nur sieben Monaten seit der Gründung des Unternehmens realisiert worden war, ist seiner Verlinkung mit der größten Suchmaschine Chinas, baidu.com, zu verdanken. Die Klickanzahl der Website von 90 Millionen wurde von Millward Brown Digital, einem Marktforschungsunternehmen, im letzten Monat angekündigt. Es war das erste Mal seit QIYIs Aufschaltung am 22. April, dass die Besuchsdaten dieser Website veröffentlicht worden sind. Die Website des Unternehmens behauptet, dass beim Angebot aller ihrer Online-Inhalte, einschließlich HD-Filme, TV-Serien, Dokumentar- und Animationsfilme, die entsprechenden urheberrechtlichen Vorschriften und Regulierungen strikt eingehalten worden seien.
QIYI-CEO Gong Yu sagte am Mittwoch an einer Pressekonferenz, dass das Wachstum der Besucherzahl auf die massiven Investitionen und Unterstützungen von Baidu zurückzuführen sei. "Wenn die Internet-Nutzer nach der TV-Serie A Dream of Red Mansions (eine fiktive Geschichte aus der Qing-Dynastie) auf Baidu suchen, stehen die Treffer vom Onlinevideoportal QIYI immer ganz oben auf der Seite der Suchergebnisse", erklärte Gong. Die Firma investierte vor kurzem 50 Millionen Yuan (5,51 Milliarden Euro) in ein System, das zur Vermeidung von Engpässen in den 30 wichtigsten Städten konzipiert ist. "Es ist wirklich eine riesige Geldsumme, aber es lohnt sich, da dadurch ein besseres Benutzererlebnis realisiert werden kann", so Gong.
Hohe Aufwände, einschließlich der für den Erwerb von Urheberrechten und der für die technologische Verbesserungen, und gleichzeitig niedrige Werbeeinnahmen, sind die größten Herausforderungen für die inländischen Onlinevideoportale. Gong sagte, dass er erwarte, dass QIYI in drei Jahren erstmals Gewinn schreiben könnte. Dutzende große Werbekunden, darunter auch Sony und Adidas, haben bereits Verträge mit QIYI abgeschlossen. Von der Wachstumsrate der Website ausgehend spekuliert Gong, dass QIYI innerhalb von fünf Jahren im Ausland notiert sein wird.
Quelle: Global Times
26.11.2010 14:20
Baidu startet "Baidu Docs"
EMFIS.COM - Peking 26.11.2010 (www.emfis.com) Der chinesische Suchmaschinenprimus Baidu.com startete am 25. November seine neue Softwareplattform zum gemeinsamen bearbeiten von Dokumenten mit dem Namen Wenku, auch genannt "Baidu Docs". Die Nutzer der Plattform haben seit dem Start bereits über 10 Mio. Dokumente hochgeladen. Mehr als 70 Mio. Besucher waren alleine am ersten Tag der Inbetriebnahme zu verzeichnen, wie Baidu mitteilte.
Wie der Produktmanager von Wenku, Li Jian in einem Interviw mit qq.com betonte, plant Baidu den Download der Dokumente zukünftig nur noch kostenpflichtig anzubieten. Den dabei entstehenden Erlös wolle man mit den Rechteinhabern teilen.
© 2010 EMFIS.COM
Baidu startet "Baidu Docs"
EMFIS.COM - Peking 26.11.2010 (www.emfis.com) Der chinesische Suchmaschinenprimus Baidu.com startete am 25. November seine neue Softwareplattform zum gemeinsamen bearbeiten von Dokumenten mit dem Namen Wenku, auch genannt "Baidu Docs". Die Nutzer der Plattform haben seit dem Start bereits über 10 Mio. Dokumente hochgeladen. Mehr als 70 Mio. Besucher waren alleine am ersten Tag der Inbetriebnahme zu verzeichnen, wie Baidu mitteilte.
Wie der Produktmanager von Wenku, Li Jian in einem Interviw mit qq.com betonte, plant Baidu den Download der Dokumente zukünftig nur noch kostenpflichtig anzubieten. Den dabei entstehenden Erlös wolle man mit den Rechteinhabern teilen.
© 2010 EMFIS.COM
Baidu to Invest in Browser Game Developers
Sina Tech, 11/26/10
Wei Hongrui, GM of Chinese internet company Baidu's (Nasdaq: BIDU) gaming division, said today that Baidu would earmark at least RMB 10 mln for strategic investments in browser games over the next half year, with the goal of owning a 10% or greater stake in game makers.
Since Baidu first established its gaming division this past January, the division has grown to nearly 100 employees, and is set to double in size next year. Wei said that Baidu had several deals underway, to be announced in approximately six months.
Sina Tech, 11/26/10
Wei Hongrui, GM of Chinese internet company Baidu's (Nasdaq: BIDU) gaming division, said today that Baidu would earmark at least RMB 10 mln for strategic investments in browser games over the next half year, with the goal of owning a 10% or greater stake in game makers.
Since Baidu first established its gaming division this past January, the division has grown to nearly 100 employees, and is set to double in size next year. Wei said that Baidu had several deals underway, to be announced in approximately six months.
Ken Fisher’s Current Investment Portfolio
Kenneth Fisher is an American businessman, founder and chairman as well as CEO of Fisher Investments, a money management firm headquartered in California. Fisher writes the monthly “Portfolio Strategy” column in Forbes magazine. Ken Fisher is one of the richest Americans and part of the Forbes 400 list of world billionaires. As of 2009, his worth was estimated at USD 1.4 billion. Funds run by Ken Fisher at Fisher Asset Management were valued at USD 31.58 billion.
Here is a top 30 list of his investment positions as of September 30, 2010 according to the most recent form 13F-HR filed with the SEC.
http://long-term-investments.blogspot.com/2010/11/ken-fisher…
Related stock ticker symbols:
EEM, BIDU, SI, OXY, CAT, LQD, FCX, APC, ORCL, NSRGY, CSCO, SLB, BHP, PPG, AMAT, UN, CS, MSFT, UTX, BNS, ABB, EMC, DOV, JNJ, RIO, VALE, FO, HMC, INTC, PBR
Kenneth Fisher is an American businessman, founder and chairman as well as CEO of Fisher Investments, a money management firm headquartered in California. Fisher writes the monthly “Portfolio Strategy” column in Forbes magazine. Ken Fisher is one of the richest Americans and part of the Forbes 400 list of world billionaires. As of 2009, his worth was estimated at USD 1.4 billion. Funds run by Ken Fisher at Fisher Asset Management were valued at USD 31.58 billion.
Here is a top 30 list of his investment positions as of September 30, 2010 according to the most recent form 13F-HR filed with the SEC.
http://long-term-investments.blogspot.com/2010/11/ken-fisher…
Related stock ticker symbols:
EEM, BIDU, SI, OXY, CAT, LQD, FCX, APC, ORCL, NSRGY, CSCO, SLB, BHP, PPG, AMAT, UN, CS, MSFT, UTX, BNS, ABB, EMC, DOV, JNJ, RIO, VALE, FO, HMC, INTC, PBR
Antwort auf Beitrag Nr.: 40.539.434 von fatboy64 am 17.11.10 16:57:24die sieht nach wie vor Klasse aus..ich denke das Kursziel von über 140$ wird auch fallen...
Baidu Launched Open Platform for Mobile
Posted by Gang Lu on December 1, 2010
Baidu’s open platform for mobile was launched early today. Currently the service it offers is not really interesting, but easy and useful. Basically, Baidu offers a gateway service with which your site can be automatically converted into a wap site. For example, if you are using mobile device to access our blog, you can just try http://gate.baidu.com/tc?from=opentc&src=mobniode.com and you can see the layout and some content will be adjusted to fit for your device. And you can also use a configuration file uploaded to your site to let Baidu understand where your wap site is linked to.
According to CNNIC’s report (June, 2010), by end of June, 2010, the number of Chinese mobile internet users has reached 277millions (65.9% of total internet users), among them there are 49.14million people use mobile phone ONLY to surf Internet. In an open letter, Baidu said its open platform for mobile is to help millions of traditional www sites to have their own wap sites with efficient and easy solution and low operating cost.
It’s a good news for many mobile internet users as they may access many more sites on the small phone screen. I am wondering how companies which are offering the similar wap-site auto-converting services are going to respond. Even for UCWeb the leading mobile browser, many users love it because it does a good job (adjust site layout, remove redundant content etc to meet the requirements on diverse handsets). If Baidu can offer this service for truly free, developing a simple version of UCWeb browser sounds not difficult anymore.
So what’s next for Baidu’s open platform for mobile, Baidu says its Frame Computing for Mobile, Open LBS service etc will be coming soon. That’s what we are more excited about!
Posted by Gang Lu on December 1, 2010
Baidu’s open platform for mobile was launched early today. Currently the service it offers is not really interesting, but easy and useful. Basically, Baidu offers a gateway service with which your site can be automatically converted into a wap site. For example, if you are using mobile device to access our blog, you can just try http://gate.baidu.com/tc?from=opentc&src=mobniode.com and you can see the layout and some content will be adjusted to fit for your device. And you can also use a configuration file uploaded to your site to let Baidu understand where your wap site is linked to.
According to CNNIC’s report (June, 2010), by end of June, 2010, the number of Chinese mobile internet users has reached 277millions (65.9% of total internet users), among them there are 49.14million people use mobile phone ONLY to surf Internet. In an open letter, Baidu said its open platform for mobile is to help millions of traditional www sites to have their own wap sites with efficient and easy solution and low operating cost.
It’s a good news for many mobile internet users as they may access many more sites on the small phone screen. I am wondering how companies which are offering the similar wap-site auto-converting services are going to respond. Even for UCWeb the leading mobile browser, many users love it because it does a good job (adjust site layout, remove redundant content etc to meet the requirements on diverse handsets). If Baidu can offer this service for truly free, developing a simple version of UCWeb browser sounds not difficult anymore.
So what’s next for Baidu’s open platform for mobile, Baidu says its Frame Computing for Mobile, Open LBS service etc will be coming soon. That’s what we are more excited about!
Was geht momentan mit Baidu ab?
Gibt es eine Erklärung für die Schwäche?
Gibt es eine Erklärung für die Schwäche?
Antwort auf Beitrag Nr.: 40.633.222 von fatboy64 am 02.12.10 16:53:26Ich sehe das noch unter dem Aspekt "gesunde Konsolidierung"
Aus meiner Sicht bisher kein Anlaß zur Panik. Der Focus liegt momentan wohl wieder etwas
auf US-Titeln.
Aus meiner Sicht bisher kein Anlaß zur Panik. Der Focus liegt momentan wohl wieder etwas
auf US-Titeln.
die rally dürfte bald beginnen, heute ist man nochmal unter 106dollar zum zug gekommen.
Seit ca 6 Wochen konsolidiert es um ca. 10 %, besser kann es doch gar
nicht laufen.
Es wird demnächst sicher auf erratische Weise gen Norden gehen.
Wenn es halt etwas länger dauert ist halt die Grundtugend des Börsianers
gefragt, nämlich "Steiß".
Gruß
Karlll
nicht laufen.
Es wird demnächst sicher auf erratische Weise gen Norden gehen.
Wenn es halt etwas länger dauert ist halt die Grundtugend des Börsianers
gefragt, nämlich "Steiß".
Gruß
Karlll
The Baidu 'Bubble' Destroys Any Real Valuation
by: Daniel Harrison December 05, 2010
If you are holding Baidu (BIDU) right now, get out while the going is good; you might want to buy some Yahoo (YHOO) with all the money you’ve made this year.
Take a look at the following table, which assumes trailing multiples and annualized (for the fourth quarter) FY10 earnings:
Compared to any of the American search engine giants, Baidu’s numbers are way out. This is the classic illustration of a bubble – where a single concept (in this case, domination of the Chinese consumer market) totally distorts any reasonable valuation of the price of both assets and earnings.
No Surprises From the Big 2 …
First, let’s look at the market value of America’s largest two online consumer tech providers: Microsoft (MSFT) and Google (GOOG). On a price/earnings basis, it is safe to say that neither is an outlier given that Mr. Softie can’t seem to grow earnings at all while Google has met the percentage growth that is standard for the industry in 2010.
In terms of the market capitalization of both companies divided by the difference between the firms’ assets and liabilities (price/book) there’s not a lot to raise your eyebrows at either. While Microsoft has a high return on equity (I have used the crude but tried-and-tested formula of net profits/market cap), you would expect to see this in light of the lack of growth in earnings.
… But “Lei Lo Mo,” What’s going on with Baidu and Yahoo?
Now consider this. Buyers of Baidu are paying 90 times earnings, and 46 times the break-up value of the company in order to get in on Chinese consumer action. Sometimes it’s OK to pay a high price for both earnings and book value if the return on equity is growing aggressively, as this means that the company is leveraging the resources at its disposal in order to give back more to its shareholders the next year. In the case of Baidu, however, the company has the lowest ROE of the pack, and has grown its earnings only marginally more this year than has Yahoo.
Added to that, Baidu's ROE growth is pathetic given its massive P/B ratio: at best (using 2009 data) its at half the rate of Yahoo's, nearer to Google's, which is more than four times larger. Baidu ought to be valued at half the price it is now -- and that's being generous. The reverse is true for Yahoo, however.
Okay, okay, I hear you say. Not Yahoo again; the eternal value play that’s lost 60% of its market value in the last 5 years after multitudinous management overhauls and false-start product launches.
But consider this: Yahoo has managed to grow its earnings over the last year by the same percentage as Baidu, while it still trades at 21 times earnings and 1.4 times book. Those multiples are the second-lowest and lowest, respectively, of all the Big Four. What’s more, with a projected $11.5 billion in earnings for FY10, Yahoo is expected to earn more than double what Baidu will this year – so those earnings should in theory be harder to grow by the same amount.
All of this is why the American internet giant has an ROE growth of 238% this year vs. Baidu’s 140%. In other words, Yahoo is putting your money to work more efficiently than is its Chinese counterpart.
Part of the reason for the company’s stunningly undervalued earnings and asset prices vs. its eye-popping Eastern-style ROE growth is the oft-overlooked 37% stake it has in the $8.7 billion Chinese e-commerce upstart Alibaba.com (ALBCF.PK). That stake has bolstered Yahoo’s balance sheet by around $3 billion in the previous five years, and continues to offer an investor keen on riding on the dragon’s coattails a cheap way of doing so.
One often cited investment analogy in Asia is the Chinese word for crisis: It is the sum of the characters meaning “danger” and “opportunity”. If you are searching for value, make sure your money is on the right side of that character equation and the Year of the Rabbit might well live up to the sort of productivity for which its namesake is world-reknown.
Disclosure: No positions held
About the author: Daniel Harrison
by: Daniel Harrison December 05, 2010
If you are holding Baidu (BIDU) right now, get out while the going is good; you might want to buy some Yahoo (YHOO) with all the money you’ve made this year.
Take a look at the following table, which assumes trailing multiples and annualized (for the fourth quarter) FY10 earnings:
Compared to any of the American search engine giants, Baidu’s numbers are way out. This is the classic illustration of a bubble – where a single concept (in this case, domination of the Chinese consumer market) totally distorts any reasonable valuation of the price of both assets and earnings.
No Surprises From the Big 2 …
First, let’s look at the market value of America’s largest two online consumer tech providers: Microsoft (MSFT) and Google (GOOG). On a price/earnings basis, it is safe to say that neither is an outlier given that Mr. Softie can’t seem to grow earnings at all while Google has met the percentage growth that is standard for the industry in 2010.
In terms of the market capitalization of both companies divided by the difference between the firms’ assets and liabilities (price/book) there’s not a lot to raise your eyebrows at either. While Microsoft has a high return on equity (I have used the crude but tried-and-tested formula of net profits/market cap), you would expect to see this in light of the lack of growth in earnings.
… But “Lei Lo Mo,” What’s going on with Baidu and Yahoo?
Now consider this. Buyers of Baidu are paying 90 times earnings, and 46 times the break-up value of the company in order to get in on Chinese consumer action. Sometimes it’s OK to pay a high price for both earnings and book value if the return on equity is growing aggressively, as this means that the company is leveraging the resources at its disposal in order to give back more to its shareholders the next year. In the case of Baidu, however, the company has the lowest ROE of the pack, and has grown its earnings only marginally more this year than has Yahoo.
Added to that, Baidu's ROE growth is pathetic given its massive P/B ratio: at best (using 2009 data) its at half the rate of Yahoo's, nearer to Google's, which is more than four times larger. Baidu ought to be valued at half the price it is now -- and that's being generous. The reverse is true for Yahoo, however.
Okay, okay, I hear you say. Not Yahoo again; the eternal value play that’s lost 60% of its market value in the last 5 years after multitudinous management overhauls and false-start product launches.
But consider this: Yahoo has managed to grow its earnings over the last year by the same percentage as Baidu, while it still trades at 21 times earnings and 1.4 times book. Those multiples are the second-lowest and lowest, respectively, of all the Big Four. What’s more, with a projected $11.5 billion in earnings for FY10, Yahoo is expected to earn more than double what Baidu will this year – so those earnings should in theory be harder to grow by the same amount.
All of this is why the American internet giant has an ROE growth of 238% this year vs. Baidu’s 140%. In other words, Yahoo is putting your money to work more efficiently than is its Chinese counterpart.
Part of the reason for the company’s stunningly undervalued earnings and asset prices vs. its eye-popping Eastern-style ROE growth is the oft-overlooked 37% stake it has in the $8.7 billion Chinese e-commerce upstart Alibaba.com (ALBCF.PK). That stake has bolstered Yahoo’s balance sheet by around $3 billion in the previous five years, and continues to offer an investor keen on riding on the dragon’s coattails a cheap way of doing so.
One often cited investment analogy in Asia is the Chinese word for crisis: It is the sum of the characters meaning “danger” and “opportunity”. If you are searching for value, make sure your money is on the right side of that character equation and the Year of the Rabbit might well live up to the sort of productivity for which its namesake is world-reknown.
Disclosure: No positions held
About the author: Daniel Harrison
Baidu Rises 2.69% on Heavy Volume: Watch For Potential Pullback (BIDU)
Written on Mon, 12/06/2010 - 1:01amBy Sarah Hashim-Waris
Baidu (NASDAQ:BIDU) traded in a range yesterday that spanned from a low of $105.34 to a high of $109.87. Yesterday, the shares gained 2.69%, which took the trading range above the 3-day high of $108.30 on volume of 9.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Shares of Baidu are currently trading above their 50-day moving average (MA) of $105.27 and above their 200-day MA of $79.42. Look for the MA to provide support for a short-term pullback in the shares.
SmarTrend currently has shares of Baidu in an Uptrend and issued the Uptrend alert on September 03, 2010 at $83.92. The stock has risen 26.8% since the Uptrend alert was issued.
SmarTrend expects the share price to pullback toward the $108.30 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Internet Information Providers industry.
Written on Mon, 12/06/2010 - 1:01amBy Sarah Hashim-Waris
Baidu (NASDAQ:BIDU) traded in a range yesterday that spanned from a low of $105.34 to a high of $109.87. Yesterday, the shares gained 2.69%, which took the trading range above the 3-day high of $108.30 on volume of 9.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Shares of Baidu are currently trading above their 50-day moving average (MA) of $105.27 and above their 200-day MA of $79.42. Look for the MA to provide support for a short-term pullback in the shares.
SmarTrend currently has shares of Baidu in an Uptrend and issued the Uptrend alert on September 03, 2010 at $83.92. The stock has risen 26.8% since the Uptrend alert was issued.
SmarTrend expects the share price to pullback toward the $108.30 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Internet Information Providers industry.
Antwort auf Beitrag Nr.: 40.651.331 von fatboy64 am 06.12.10 10:27:47Auch heute sah es zu Beginn prächtig aus, aber jetzt wird stramm verkauft.
Aber ich denke, wir werden schon wieder einen Tag im Dezember bekommen, an dem gekauft wird, als ob es morgen keine mehr gäbe.
Aber ich denke, wir werden schon wieder einen Tag im Dezember bekommen, an dem gekauft wird, als ob es morgen keine mehr gäbe.
jetzt müssen nur noch die 115dollar fallen, dann ist der himmel das ziel. das bollingerband und ein paar shorties bremsen noch aber das dürfte sich diese woche erledigen, wenn alles gut geht. 
Antwort auf Beitrag Nr.: 40.657.893 von derwolf46 am 06.12.10 21:46:52Hier noch einmal die diesjährigen Zahlen:
1.Q. = 0,20
2.Q. = 0,35
3.Q. = 0,45
4.Q. = 0,46= Konsens
2010= 1,36 entspricht beim Kurs von 108,--US-$ einem KGV von 79,4
Wenn wir einmal voraussetzen, daß Baidu in den ersten beiden Quartalen 2011 je 0,50 US-$
und dem 3. und 4. Quartal je 0,60 US-$ realisieren kann, wären wir bei 2,20 US-$ in 2011.
Das entspräche beim derzeitigen Kurs von 108,-- US-$ einem KGV von 49,1
Ich denke die geschätzten Earnings für 2011 sollten realisierbar sein, und das KGV von
49,1 für 2011 wäre für diesen tollen Wert sicher auch nicht zuviel.
Schauen wir mal, ob es nicht möglich ist, in diesem Jahr noch einen Kurs von 120,--US-$
zu erzielen.
Es muß halt mal ein richtiger Kauftag her.
Gruß
Karlll
1.Q. = 0,20
2.Q. = 0,35
3.Q. = 0,45
4.Q. = 0,46= Konsens
2010= 1,36 entspricht beim Kurs von 108,--US-$ einem KGV von 79,4
Wenn wir einmal voraussetzen, daß Baidu in den ersten beiden Quartalen 2011 je 0,50 US-$
und dem 3. und 4. Quartal je 0,60 US-$ realisieren kann, wären wir bei 2,20 US-$ in 2011.
Das entspräche beim derzeitigen Kurs von 108,-- US-$ einem KGV von 49,1
Ich denke die geschätzten Earnings für 2011 sollten realisierbar sein, und das KGV von
49,1 für 2011 wäre für diesen tollen Wert sicher auch nicht zuviel.
Schauen wir mal, ob es nicht möglich ist, in diesem Jahr noch einen Kurs von 120,--US-$
zu erzielen.
Es muß halt mal ein richtiger Kauftag her.
Gruß
Karlll
Sehr umfangreiches Zahlenwerk zu Baidu !!!
Baidu.com Stays Buy at Chinavestor
Saturday, 11 December 2010 10:25 Munther Albusaidi Fundamental Analysis
http://www.chinavestor.com/fundamental-analysis/72657-baiduc…
Baidu.com Stays Buy at Chinavestor
Saturday, 11 December 2010 10:25 Munther Albusaidi Fundamental Analysis
http://www.chinavestor.com/fundamental-analysis/72657-baiduc…
Könnte der Tag von Baidu werden, heute.
Antwort auf Beitrag Nr.: 40.701.301 von Karlll am 13.12.10 16:33:36Na, mal gut, daß ich den Konjunktiv gewählt hatte.
Baidu sees growth rate slowing in 2011
4:38am EST
By Melanie Lee and Li Ran
SHANGHAI/BEIJING (Reuters) - China's top search engine, Baidu Inc (BIDU.O: Quote, Profile, Research, Stock Buzz), sees its top-line and bottom-line growth rates softening over the next year on a higher base of comparison, as it eyes acquisitions and "contextual" ads to boost growth in the future.
"No ... We have such a bigger base," Haoyu Shen, Baidu's senior vice president of business operations, said at the Reuters China Investment Summit when asked whether the firm can keep up its stellar top and bottom-line growth rates into 2011.
Baidu said in October its third-quarter net profit more than doubled compared to a year ago, while its revenue almost doubled.
"We had a major re-acceleration this year, and that's due to a few reasons," said Shen, citing the rebound in the Chinese economy, the switchover to its new keyword advertising system and Google's (GOOG.O: Quote, Profile, Research, Stock Buzz) scaling down in China.
"For these reasons, it most likely won't repeat itself next year," he said.
Baidu shares have soared more than 160 percent this year after the firm's main competitor, Google Inc, said it would shut its China search page after a serious hacking episode and on censorship concerns.
Shen said the "Google effect" -- an increase in traffic resulting from disruption in U.S. company's Chinese operations earlier this year -- boosted Baidu's business by a small amount and is largely over by now. He said Baidu's strong performance so far this year was due to the introduction of its Phoenix Nest keyword advertising system late last year, which was ramped up fully this year.
The system has enabled Baidu, named after an ancient Song dynasty poem, to make money from its clients as well as offer more value added services.
Shen said traffic acquisition costs as a percentage of revenue will come in near 10 to 11 percent for 2010.
He declined to give a forecast for next year.
STILL A SEARCH FIRM
Baidu was the only Asian name in the top 100 holdings of the world's 30 biggest hedge funds in the third quarter of 2010, according to Thomson Reuters' StreetSight. The hedge funds increased their holdings of Baidu by roughly a fifth in the third quarter from the second quarter, the data shows.
Although Baidu has made forays into e-commerce and online video this year, its focus will still be search functions, Shen said.
Baidu has a tie-up with Japanese online retailer Rakuten Inc 4755.Q to operate an online shopping mall, and also formed Qiyi.com, a joint venture offering licensed online video content with Hulu backer Providence Equity.
Shen said both ventures will not contribute meaningfully to Baidu's bottom line in the near term, but will raise ad dollar spending among its major clients, especially for e-commerce.
"It's growing very fast; it's already meaningful. I hear people saying for Google it is 30 to 40 percent of their revenue, but for Baidu it is not that big... eventually it might grow to that level," Shen said.
China is the world's largest Internet market by users at 420 million online. China's search industry, in which Baidu dominates with an 73 percent market share by revenue, was worth 3.13 billion yuan ($470 million) in the third quarter, according to iResearch.
Earlier this month, Baidu invested in TG.com.cn, an e-commerce website for home decorations. At the end of the third quarter, Baidu had 5 billion yuan ($751 million) in cash and equivalents on its balance sheet.
"We are definitely more open-minded than a year ago when we looked at (M&A) opportunities," Shen said at the summit, held at the Reuters office in Beijing.
"It is exciting times now when you look at e-commerce and wireless...With our leading position in search and the resources we have on our books...it makes sense for us to look at these more open-mindedly" he said, adding the focus of acquisitions or investments would be mostly Chinese companies.
Baidu is also eyeing new growth in contextual advertising, which uses a web page's keywords to choose what ad to display on that page. Shen said there will be no big boost for its contextual ads platform in the near term but that the firm was upgrading the system.
"Contextual is relatively small for us, it's much bigger from our understanding for Google globally and China," Shen said.
"The way we think about it, we need another sort of "Phoenix Nest" revolution, because Phoenix Nest is for paid search advertising, but we need a similar thing for contextual and when that happens we will see huge improvement in contextual revenue," he said.
(Editing by Ken Wills and Lincoln Feast)
Baidu sees growth rate slowing in 2011
4:38am EST
By Melanie Lee and Li Ran
SHANGHAI/BEIJING (Reuters) - China's top search engine, Baidu Inc (BIDU.O: Quote, Profile, Research, Stock Buzz), sees its top-line and bottom-line growth rates softening over the next year on a higher base of comparison, as it eyes acquisitions and "contextual" ads to boost growth in the future.
"No ... We have such a bigger base," Haoyu Shen, Baidu's senior vice president of business operations, said at the Reuters China Investment Summit when asked whether the firm can keep up its stellar top and bottom-line growth rates into 2011.
Baidu said in October its third-quarter net profit more than doubled compared to a year ago, while its revenue almost doubled.
"We had a major re-acceleration this year, and that's due to a few reasons," said Shen, citing the rebound in the Chinese economy, the switchover to its new keyword advertising system and Google's (GOOG.O: Quote, Profile, Research, Stock Buzz) scaling down in China.
"For these reasons, it most likely won't repeat itself next year," he said.
Baidu shares have soared more than 160 percent this year after the firm's main competitor, Google Inc, said it would shut its China search page after a serious hacking episode and on censorship concerns.
Shen said the "Google effect" -- an increase in traffic resulting from disruption in U.S. company's Chinese operations earlier this year -- boosted Baidu's business by a small amount and is largely over by now. He said Baidu's strong performance so far this year was due to the introduction of its Phoenix Nest keyword advertising system late last year, which was ramped up fully this year.
The system has enabled Baidu, named after an ancient Song dynasty poem, to make money from its clients as well as offer more value added services.
Shen said traffic acquisition costs as a percentage of revenue will come in near 10 to 11 percent for 2010.
He declined to give a forecast for next year.
STILL A SEARCH FIRM
Baidu was the only Asian name in the top 100 holdings of the world's 30 biggest hedge funds in the third quarter of 2010, according to Thomson Reuters' StreetSight. The hedge funds increased their holdings of Baidu by roughly a fifth in the third quarter from the second quarter, the data shows.
Although Baidu has made forays into e-commerce and online video this year, its focus will still be search functions, Shen said.
Baidu has a tie-up with Japanese online retailer Rakuten Inc 4755.Q to operate an online shopping mall, and also formed Qiyi.com, a joint venture offering licensed online video content with Hulu backer Providence Equity.
Shen said both ventures will not contribute meaningfully to Baidu's bottom line in the near term, but will raise ad dollar spending among its major clients, especially for e-commerce.
"It's growing very fast; it's already meaningful. I hear people saying for Google it is 30 to 40 percent of their revenue, but for Baidu it is not that big... eventually it might grow to that level," Shen said.
China is the world's largest Internet market by users at 420 million online. China's search industry, in which Baidu dominates with an 73 percent market share by revenue, was worth 3.13 billion yuan ($470 million) in the third quarter, according to iResearch.
Earlier this month, Baidu invested in TG.com.cn, an e-commerce website for home decorations. At the end of the third quarter, Baidu had 5 billion yuan ($751 million) in cash and equivalents on its balance sheet.
"We are definitely more open-minded than a year ago when we looked at (M&A) opportunities," Shen said at the summit, held at the Reuters office in Beijing.
"It is exciting times now when you look at e-commerce and wireless...With our leading position in search and the resources we have on our books...it makes sense for us to look at these more open-mindedly" he said, adding the focus of acquisitions or investments would be mostly Chinese companies.
Baidu is also eyeing new growth in contextual advertising, which uses a web page's keywords to choose what ad to display on that page. Shen said there will be no big boost for its contextual ads platform in the near term but that the firm was upgrading the system.
"Contextual is relatively small for us, it's much bigger from our understanding for Google globally and China," Shen said.
"The way we think about it, we need another sort of "Phoenix Nest" revolution, because Phoenix Nest is for paid search advertising, but we need a similar thing for contextual and when that happens we will see huge improvement in contextual revenue," he said.
(Editing by Ken Wills and Lincoln Feast)
Antwort auf Beitrag Nr.: 40.713.604 von Karlll am 15.12.10 11:38:02Auf deutsch:
Peking 15.12.2010 (www.emfis.com) Nach Angaben der Nachrichtenagentur "Reuters" rechnet das Management von Baidu Inc (NASDAQ: BIDU - Nachrichten) . im nächsten Jahr mit nachlassenden Wachstumsraten. Allerdings seien in erster Linie die sehr hohen Vergleichszahlen dafür verantwortlich.
Der Betreiber von Chinas größter Suchmaschine konnte im dritten Quartal den Nettogewinn im Jahresvergleich mehr als verdoppeln, während der Umsatz fast um 100 Prozent zulegte. Laut Vizechefin Haoyu Shen habe vor allem die Umstellung auf das Phoenix Nest-System dazu beigetragen, das die User mit maßgeschneiderten Werbeangeboten versorgt. Die zeitweilige Blockierung des Konkurrenten Google im chinesischen Netz habe nur minimalen Einfluss auf die Quartalszahlen gehabt. Baidu erwägt derzeit Firmenübernahmen, um auch in Zukunft expandieren zu können.
Sind das Voraussetzungen für ein KGV von 80?
Peking 15.12.2010 (www.emfis.com) Nach Angaben der Nachrichtenagentur "Reuters" rechnet das Management von Baidu Inc (NASDAQ: BIDU - Nachrichten) . im nächsten Jahr mit nachlassenden Wachstumsraten. Allerdings seien in erster Linie die sehr hohen Vergleichszahlen dafür verantwortlich.
Der Betreiber von Chinas größter Suchmaschine konnte im dritten Quartal den Nettogewinn im Jahresvergleich mehr als verdoppeln, während der Umsatz fast um 100 Prozent zulegte. Laut Vizechefin Haoyu Shen habe vor allem die Umstellung auf das Phoenix Nest-System dazu beigetragen, das die User mit maßgeschneiderten Werbeangeboten versorgt. Die zeitweilige Blockierung des Konkurrenten Google im chinesischen Netz habe nur minimalen Einfluss auf die Quartalszahlen gehabt. Baidu erwägt derzeit Firmenübernahmen, um auch in Zukunft expandieren zu können.
Sind das Voraussetzungen für ein KGV von 80?
Antwort auf Beitrag Nr.: 40.717.093 von Rambus2007 am 15.12.10 18:50:28Nun, Rambus, wenn Du Dir meinen Beitrag Nr. 584 ansiehst, wirst Du feststellen, daß ich
bezüglich dieses Titels sicher nicht hemmungslos optimistisch bin.
Wenn Du Dich auf mein KGV von 80 beziehst, solltest Du auch registriert haben, daß ich
dieses für 2010 genannt habe, die Börse schaut ca. 14 Tage vor dem Jahreswechsel aber
bereits auf 2011 und dafür habe ich ein KGV von 49,1 genannt.
Dafür habe ich folgende Wachstumsraten in den einzelnen Quartalen zugrunde gelegt;
1. Q. = 150%
2. Q. = 40%
3. Q. = 30%
4. Q. = 30%
Im arithmetischen Mittel sind das ca. 60%.
Und in 2010 hatten wir im Mittel mehr als 100%. Du siehst, das ich mit meinen Zahlen
schon bevor der Emfis-Beitrag erschienen ist, wesentlich geringere Wachstumsraten
antizipiert habe. Ich verfolge Baidu bereits seit so vielen Jahren und wäre auch nicht
im Traum darauf gekommen, die Besonderheiten dieses Jahres in Bezug auf das Gewinn-
wachstum auf das nächste fortzuschreiben, sondern ich habe einmal konservativ angesetzt
und gehe, wie vorstehende Wachstumsraten unterstellen nur von gut 1/2 so hohen Wachstums
raten aus wie in 2010.
Dabei gehe ich aber davon aus, das diese Zahlen, die ein KGV von 49 beinhalten durch
Baidu getoppt werden können, und dann läge das tatsächliche KGV unter 49.
Wer davon ausgeht, das Baidu das nicht schafft, der möge halt Short gehen, was heute
sicher auch viele tun und die letzten Tage ebenfalls, aber irgendwann wendet sich auch
wieder das Blatt und dann müssen sie auf den fahrenden Zug aufspringen.
Gruß
Karlll
bezüglich dieses Titels sicher nicht hemmungslos optimistisch bin.
Wenn Du Dich auf mein KGV von 80 beziehst, solltest Du auch registriert haben, daß ich
dieses für 2010 genannt habe, die Börse schaut ca. 14 Tage vor dem Jahreswechsel aber
bereits auf 2011 und dafür habe ich ein KGV von 49,1 genannt.
Dafür habe ich folgende Wachstumsraten in den einzelnen Quartalen zugrunde gelegt;
1. Q. = 150%
2. Q. = 40%
3. Q. = 30%
4. Q. = 30%
Im arithmetischen Mittel sind das ca. 60%.
Und in 2010 hatten wir im Mittel mehr als 100%. Du siehst, das ich mit meinen Zahlen
schon bevor der Emfis-Beitrag erschienen ist, wesentlich geringere Wachstumsraten
antizipiert habe. Ich verfolge Baidu bereits seit so vielen Jahren und wäre auch nicht
im Traum darauf gekommen, die Besonderheiten dieses Jahres in Bezug auf das Gewinn-
wachstum auf das nächste fortzuschreiben, sondern ich habe einmal konservativ angesetzt
und gehe, wie vorstehende Wachstumsraten unterstellen nur von gut 1/2 so hohen Wachstums
raten aus wie in 2010.
Dabei gehe ich aber davon aus, das diese Zahlen, die ein KGV von 49 beinhalten durch
Baidu getoppt werden können, und dann läge das tatsächliche KGV unter 49.
Wer davon ausgeht, das Baidu das nicht schafft, der möge halt Short gehen, was heute
sicher auch viele tun und die letzten Tage ebenfalls, aber irgendwann wendet sich auch
wieder das Blatt und dann müssen sie auf den fahrenden Zug aufspringen.
Gruß
Karlll
Baidu Stock Overvalued
December 17, 2010
Yesterday an executive at leading Chinese search engine Baidu (BIDU) said growth would (gasp) slow in 2011.
POP!
Shares of BIDU have been down over 6% since. Was this predictable? Yes.
Wall St. Cheat Sheet contributor Daniel Harrison explained Baidu’s valuation was “the classic illustration of a bubble — where a single concept (in this case, domination of the Chinese consumer market) totally distorts any reasonable valuation of the price of both assets and earnings.”
Let’s take another look:
Obviously, Baidu is worthy of an outsized multiple because it owns the search market in China. However, just like with Google (GOOG), this multiple will contract over time as the business matures and psychological hype floats gently to the ground (See “The Baidu ‘Bubble’ Destroys Any Real Valuation”).
It will be interesting to see whether Baidu starts attracting more sellers as the business cycle changes.
Disclosure: No positions
December 17, 2010
Yesterday an executive at leading Chinese search engine Baidu (BIDU) said growth would (gasp) slow in 2011.
POP!
Shares of BIDU have been down over 6% since. Was this predictable? Yes.
Wall St. Cheat Sheet contributor Daniel Harrison explained Baidu’s valuation was “the classic illustration of a bubble — where a single concept (in this case, domination of the Chinese consumer market) totally distorts any reasonable valuation of the price of both assets and earnings.”
Let’s take another look:
Obviously, Baidu is worthy of an outsized multiple because it owns the search market in China. However, just like with Google (GOOG), this multiple will contract over time as the business matures and psychological hype floats gently to the ground (See “The Baidu ‘Bubble’ Destroys Any Real Valuation”).
It will be interesting to see whether Baidu starts attracting more sellers as the business cycle changes.
Disclosure: No positions
23.12.2011
Baidu (BIDU): ThinkEquity expects another strong year of growth for Baidu in 2011 driven by continued consumer Internet adoption as it expects China to add another 70 million Internet users in 2011 up from about 450 million at the end of 2010.
Baidu is also expected to benefit from continued merchant adoption coupled with strong growth in emerging categories including eCommerce.
"We believe these factors should lead to 60 percent plus growth in 2011 and we expect continued strong incremental margins which we expect to lead to 70 percent plus EPS growth," analysts said.
The brokerage has a 'buy' rating and $130 price target on Baidu stock.
Baidu (BIDU): ThinkEquity expects another strong year of growth for Baidu in 2011 driven by continued consumer Internet adoption as it expects China to add another 70 million Internet users in 2011 up from about 450 million at the end of 2010.
Baidu is also expected to benefit from continued merchant adoption coupled with strong growth in emerging categories including eCommerce.
"We believe these factors should lead to 60 percent plus growth in 2011 and we expect continued strong incremental margins which we expect to lead to 70 percent plus EPS growth," analysts said.
The brokerage has a 'buy' rating and $130 price target on Baidu stock.
Antwort auf Beitrag Nr.: 40.756.642 von Karlll am 23.12.10 14:51:18Mit der Unterstellung eines Wachstums von 60% im Beitrag-Nr. 613 lag ich also offensicht-
lich gar nicht so falsch.
lich gar nicht so falsch.
Pulse Prognosis Update: Baidu vs. Google
by: Alacra Pulse Check Blog December 23, 2010
By Sheena Lee
China’s largest search engine Baidu (BIDU) recently posted a third-quarter net profit that more than doubled compared with a year ago, and its stock has shot up more than 100 percent this year, but a senior official said last week that the company’s growth will slow down in 2011 after a steady run-up.
Although sell-side analysts have yet to change their price targets on Baidu since our October 26th prognosis, its shares are already down this week due to the executive’s comments. Haoyu Shen, Baidu’s senior vice president of business operations, said that the company will face tougher comparisons next year, and would seek to grow through acquisitions and new advertising methods, reported Reuters.
Shen also pointed out that a new keyword advertising system that went live this year, and Google’s (GOOG) diminished presence in China, won’t likely repeat themselves next year.
However, Goldman Sachs maintained a Buy rating and $115 price target on the Chinese firm, and Citigroup also reiterated their Buy rating and $133 price target. The Alacra Pulse Prognosis median 1s $115.
Meanwhile, Facebook founder Mark Zuckerberg toured Baidu’s office and lunched with the company’s founder and CEO, Robin Li. Zuckerberg, who is currently learning mandarin, has previously expressed interest in doing business in China, where his website is censored. He said in October:
How can you connect the whole world if you leave out 1.6 billion people?
Zeus Kerravala, an analyst with the Yankee Group, said:
It’s a big black hole for Facebook. If it’s going to be the world’s premier social networking tool, they can’t forget about a sixth of the world. The value of any network goes up when you have more people on it, and it does open the door for different sponsors and applications.
Baidu controls 73 percent of the Chinese search market and has said that it plans to expand outside of China.
As for US search giant Google, analysts are still overall upbeat on the company and the median price target remains at the $670 level in Alacra’s December 2nd prognosis on Google. But Google remains on the hunt for a coupon retailer, and now lawyers are debating whether the silicon valley behemoth should even be allowed to acquire more companies.
Gary Reback, the lawyer that led the antitrust case against Microsoft in the 1990s, accused Google of abusing its dominance, while lawyer Glenn Manishan argues that Google has not engaged in anticompetitive practices and does not have a stranglehold on the search market, according to New York Times’ DealBook.
The highly anticipated Google TV also experienced a setback after the company has reportedly delayed the launch so it could refine the software. “Google as a company is not a particularly partner-friendly or partner-focused company,” said James L. McQuivey, an analyst at Forrester, who added that because of the delay, it might take another year before Google TV has a chance to catch fire.
As for Google’s product designs and user interface experience, GigaOm’s Om Malik said that there’s still room for improvement:
Google is like an old dog trying to learn new tricks. The good news is that Google isn’t that old, and more importantly, the company knows it has a problem and is trying to find ways to fix it.
Disclosure: No positions
by: Alacra Pulse Check Blog December 23, 2010
By Sheena Lee
China’s largest search engine Baidu (BIDU) recently posted a third-quarter net profit that more than doubled compared with a year ago, and its stock has shot up more than 100 percent this year, but a senior official said last week that the company’s growth will slow down in 2011 after a steady run-up.
Although sell-side analysts have yet to change their price targets on Baidu since our October 26th prognosis, its shares are already down this week due to the executive’s comments. Haoyu Shen, Baidu’s senior vice president of business operations, said that the company will face tougher comparisons next year, and would seek to grow through acquisitions and new advertising methods, reported Reuters.
Shen also pointed out that a new keyword advertising system that went live this year, and Google’s (GOOG) diminished presence in China, won’t likely repeat themselves next year.
However, Goldman Sachs maintained a Buy rating and $115 price target on the Chinese firm, and Citigroup also reiterated their Buy rating and $133 price target. The Alacra Pulse Prognosis median 1s $115.
Meanwhile, Facebook founder Mark Zuckerberg toured Baidu’s office and lunched with the company’s founder and CEO, Robin Li. Zuckerberg, who is currently learning mandarin, has previously expressed interest in doing business in China, where his website is censored. He said in October:
How can you connect the whole world if you leave out 1.6 billion people?
Zeus Kerravala, an analyst with the Yankee Group, said:
It’s a big black hole for Facebook. If it’s going to be the world’s premier social networking tool, they can’t forget about a sixth of the world. The value of any network goes up when you have more people on it, and it does open the door for different sponsors and applications.
Baidu controls 73 percent of the Chinese search market and has said that it plans to expand outside of China.
As for US search giant Google, analysts are still overall upbeat on the company and the median price target remains at the $670 level in Alacra’s December 2nd prognosis on Google. But Google remains on the hunt for a coupon retailer, and now lawyers are debating whether the silicon valley behemoth should even be allowed to acquire more companies.
Gary Reback, the lawyer that led the antitrust case against Microsoft in the 1990s, accused Google of abusing its dominance, while lawyer Glenn Manishan argues that Google has not engaged in anticompetitive practices and does not have a stranglehold on the search market, according to New York Times’ DealBook.
The highly anticipated Google TV also experienced a setback after the company has reportedly delayed the launch so it could refine the software. “Google as a company is not a particularly partner-friendly or partner-focused company,” said James L. McQuivey, an analyst at Forrester, who added that because of the delay, it might take another year before Google TV has a chance to catch fire.
As for Google’s product designs and user interface experience, GigaOm’s Om Malik said that there’s still room for improvement:
Google is like an old dog trying to learn new tricks. The good news is that Google isn’t that old, and more importantly, the company knows it has a problem and is trying to find ways to fix it.
Disclosure: No positions
Hi Karl
ich wünsche dir nen guten Rutsch ins neue Jahr und vorallem Gesundheit und deiner Familie und nat. nen guten Lauf für Baidu
aber das Mäuschen wird laufen wirste sehen 
ich wünsche dir nen guten Rutsch ins neue Jahr und vorallem Gesundheit und deiner Familie
und nat. nen guten Lauf für Baidu aber das Mäuschen wird laufen
wirste sehen 
Antwort auf Beitrag Nr.: 40.770.642 von mann337 am 28.12.10 21:53:26Moin, mann,
ich denke, daß Baidu hier ein "Basislager" errichtet, daß bis spätestens zu den Q-Zahlen
währen wird. Und für danach bin ich bullish, da ich mit guten Zahlen rechne.
Will hoffen, daß der Aktienmarkt auch in 2011 noch stabil bleibt, damit wir uns in gutem
Fahrwasser befinden.
Ansonsten habe Dank für die lieben Grüße. Dir wünsche ich auch einen guten Rutsch und viel Erfolg im nächsten Börsenjahr.
Gruß
Karlll
ich denke, daß Baidu hier ein "Basislager" errichtet, daß bis spätestens zu den Q-Zahlen
währen wird. Und für danach bin ich bullish, da ich mit guten Zahlen rechne.
Will hoffen, daß der Aktienmarkt auch in 2011 noch stabil bleibt, damit wir uns in gutem
Fahrwasser befinden.
Ansonsten habe Dank für die lieben Grüße. Dir wünsche ich auch einen guten Rutsch und viel Erfolg im nächsten Börsenjahr.
Gruß
Karlll
Mal schaun, ob sich Baidu vielleicht am Ende des Tages die 100 US-$ wieder von oben besehen
kann.
Ansonsten allen noch einmal ein frohes und gesundes neues Jahr 2011
wünscht
Karlll
kann.
Ansonsten allen noch einmal ein frohes und gesundes neues Jahr 2011
wünscht
Karlll
BAIDU - Die Käufer melden sich zurück. Jetzt einsteigen?
von Rene Berteit
Mittwoch 05.01.2011, 17:21 Uhr
Börse: Nasdaq in USD / Kursstand: 102,93 $
Rückblick: In den vergangenen drei Handelstagen zeigten sich die Aktien von Baidu wieder von ihrer freundlichen Seite und konnten spürbar anziehen. Dies war aus Sicht der Bullen durchaus wichtig, denn nach den Kursverlusten seit dem Hoch bei 113,78 $ drohte die Aktie in eine ausgiebige Korrektur hineinzulaufen. So aber zeigt sich nun auf der Unterstützung bei 95,12 $ und mit dem heutigen Überschreiten des letzten Erholungshochs ein erstes kleines Kaufsignal. Gleichzeitig konnte mit diesem auch die im September eingeleitete Aufwärtstrendbeschleunigung zunächst verteidigt werden, denn genau an der alten Trendoberkante drehte die Aktie nach oben hin ab.
Charttechnischer Ausblick: Einen ersten Schritt in Richtung neuer Kaufwelle konnten die Käufer in der Baidu Aktie heute machen. Dafür sollte die Aktie jedoch auch möglichst oberhalb von 101,93 $ schließen und das heutige Kaufsignal durch weiter anziehende Kursnotierungen bestätigen. Gelingt dies, wären kurzfristig weitere Gewinne bis auf 113,78 $ möglich.
Deutliches Verkaufsinteresse hingegen ist zu erwarten, wenn die Aktie unter 95,12 $ zurückfällt. Eine Stopplosswelle bis auf 80,00 $ sollte dabei eingeplant werden.
von Rene Berteit
Mittwoch 05.01.2011, 17:21 Uhr
Börse: Nasdaq in USD / Kursstand: 102,93 $
Rückblick: In den vergangenen drei Handelstagen zeigten sich die Aktien von Baidu wieder von ihrer freundlichen Seite und konnten spürbar anziehen. Dies war aus Sicht der Bullen durchaus wichtig, denn nach den Kursverlusten seit dem Hoch bei 113,78 $ drohte die Aktie in eine ausgiebige Korrektur hineinzulaufen. So aber zeigt sich nun auf der Unterstützung bei 95,12 $ und mit dem heutigen Überschreiten des letzten Erholungshochs ein erstes kleines Kaufsignal. Gleichzeitig konnte mit diesem auch die im September eingeleitete Aufwärtstrendbeschleunigung zunächst verteidigt werden, denn genau an der alten Trendoberkante drehte die Aktie nach oben hin ab.
Charttechnischer Ausblick: Einen ersten Schritt in Richtung neuer Kaufwelle konnten die Käufer in der Baidu Aktie heute machen. Dafür sollte die Aktie jedoch auch möglichst oberhalb von 101,93 $ schließen und das heutige Kaufsignal durch weiter anziehende Kursnotierungen bestätigen. Gelingt dies, wären kurzfristig weitere Gewinne bis auf 113,78 $ möglich.
Deutliches Verkaufsinteresse hingegen ist zu erwarten, wenn die Aktie unter 95,12 $ zurückfällt. Eine Stopplosswelle bis auf 80,00 $ sollte dabei eingeplant werden.
11.01.2011 12:20
Internet: Erster englischsprachiger Blog bei Baidu
EMFIS.COM - Peking 11.01.2011 (www.emfis.com) Beim chinesischen Suchmaschinen-Marktführer Baidu gibt es jetzt den ersten englischsprachigen Blog. Das neue Internet-Tagebuch hat Chinas Online-Kultur zum Thema und soll insbesondere User, die des Chinesischen nicht mächtig sind, über neue Trends im Reich der Mitte informieren. Obwohl der Konzern bestreitet, damit wirtschaftliche Interessen zu verfolgen, ist dieser Blog für Baidu ein weiterer wichtiger Schritt, um ins Ausland zu expandieren. Derzeit hat die Suchmaschine in China einen Marktanteil von 70 Prozent, gefolgt von Google mit 20 Prozent. Um eine weitere Expansion zu ermöglichen, soll Baidu künftig auch im Ausland tätig werden. Der erste Schritt war der Start einer japanischen Version der Suchmaschine vor zwei Jahren. Gründer Robin Li hat sich das Ziel gesetzt, Baidu in den nächsten zehn Jahren zu einer international geläufigen Marke zu machen.
© 2011 EMFIS.COM
Internet: Erster englischsprachiger Blog bei Baidu
EMFIS.COM - Peking 11.01.2011 (www.emfis.com) Beim chinesischen Suchmaschinen-Marktführer Baidu gibt es jetzt den ersten englischsprachigen Blog. Das neue Internet-Tagebuch hat Chinas Online-Kultur zum Thema und soll insbesondere User, die des Chinesischen nicht mächtig sind, über neue Trends im Reich der Mitte informieren. Obwohl der Konzern bestreitet, damit wirtschaftliche Interessen zu verfolgen, ist dieser Blog für Baidu ein weiterer wichtiger Schritt, um ins Ausland zu expandieren. Derzeit hat die Suchmaschine in China einen Marktanteil von 70 Prozent, gefolgt von Google mit 20 Prozent. Um eine weitere Expansion zu ermöglichen, soll Baidu künftig auch im Ausland tätig werden. Der erste Schritt war der Start einer japanischen Version der Suchmaschine vor zwei Jahren. Gründer Robin Li hat sich das Ziel gesetzt, Baidu in den nächsten zehn Jahren zu einer international geläufigen Marke zu machen.
© 2011 EMFIS.COM
Baidu, Alibaba.com Said to Take Stake in SINA Microblog
Posted on: Tue, 11 Jan 2011 06:23:29 EST
Baidu Inc. (Nasdaq: BIDU | PowerRating) and Alibaba.com Ltd. (SEHK: 1688) will take stake in microblog of SINA Corporation (Nasdaq: SINA | PowerRating) and the investment
involves USD 100 million, according to a person in the know, saying that detailed information will be announced within two weeks.
By far, Baidu has declined to make comments on the story, which was denied by Alibaba.com. SINA says it has not been notified of the news. However, the source reveals that talks have been held for three to four months.
Meanwhile, reporters find out that SINA will suspend its cooperation with Google Inc. (Nasdaq: GOOG) in the search field and will use the search engine
provided by Baidu, which is regarded as a signal for the cooperation between SINA and Baidu.
Actually, earlier, Alibaba.com has started cooperation with SINA. PHPWIND under the aegis of the leading e-commerce company announced on September 9, 2010 the interconnection with microblog of SINA.
Source: www.sina.com.cn (January 11, 2011)
Posted on: Tue, 11 Jan 2011 06:23:29 EST
Baidu Inc. (Nasdaq: BIDU | PowerRating) and Alibaba.com Ltd. (SEHK: 1688) will take stake in microblog of SINA Corporation (Nasdaq: SINA | PowerRating) and the investment
involves USD 100 million, according to a person in the know, saying that detailed information will be announced within two weeks.
By far, Baidu has declined to make comments on the story, which was denied by Alibaba.com. SINA says it has not been notified of the news. However, the source reveals that talks have been held for three to four months.
Meanwhile, reporters find out that SINA will suspend its cooperation with Google Inc. (Nasdaq: GOOG) in the search field and will use the search engine
provided by Baidu, which is regarded as a signal for the cooperation between SINA and Baidu.
Actually, earlier, Alibaba.com has started cooperation with SINA. PHPWIND under the aegis of the leading e-commerce company announced on September 9, 2010 the interconnection with microblog of SINA.
Source: www.sina.com.cn (January 11, 2011)
JANUARY 14, 2011, 8:56 A.M. ET
Baidu Unit Qiyi Official: May Consider Listing Shares In 2014
BEIJING (Dow Jones)--Baidu Inc.'s (BIDU) online video unit, Qiyi.com Inc., may consider listing shares in 2014 if the company continues to grow, Qiyi marketing director Lin Zhen said Friday.
Qiyi, which is similar to Hulu of the U.S. in only carrying licensed content, aims to break even on a quarterly basis in 2012 and to have revenue above $100 million in 2014, Lin said in a phone interview.
Qiyi, in which Providence Equity Partners LLC agreed last February to invest $50 million, doesn't have any current plans to seek further financing, Lin said.
Baidu didn't immediately reply to a request for comment.
-By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; owen.fletcher@dowjones.com
Baidu Unit Qiyi Official: May Consider Listing Shares In 2014
BEIJING (Dow Jones)--Baidu Inc.'s (BIDU) online video unit, Qiyi.com Inc., may consider listing shares in 2014 if the company continues to grow, Qiyi marketing director Lin Zhen said Friday.
Qiyi, which is similar to Hulu of the U.S. in only carrying licensed content, aims to break even on a quarterly basis in 2012 and to have revenue above $100 million in 2014, Lin said in a phone interview.
Qiyi, in which Providence Equity Partners LLC agreed last February to invest $50 million, doesn't have any current plans to seek further financing, Lin said.
Baidu didn't immediately reply to a request for comment.
-By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; owen.fletcher@dowjones.com
Vielleicht hilft das ja heute etwas:
18.01.2011 14:25
Tickerspy.com Announces New Stock Index Tracking Chinese Internet Stocks, Including E-Commerce China Dangdang, Youku.com, Baidu.com, Sohu.com and Sina
PRINCETON, N.J., Jan. 18, 2011 /PRNewswire/ -- Tickerspy (http://www.tickerspy.com/)," target="_blank" rel="nofollow ugc noopener">http://www.tickerspy.com/), an investing website featuring over 250 unique, proprietary Indexes, announced the creation of the Chinese Internet Stocks Index, which includes among its components E-Commerce China Dangdang , Youku.com , Baidu.com , Sohu.com and Sina .
The China-based companies operate online, serving China's growing Internet-connected population, and typically employ an e-commerce, subscription or advertising-based business model.
To gain immediate access to the Chinese Internet Stocks Index, a complete list of its components, and various charts and related metrics, please visit the following link:
http://www.tickerspy.com/index/Chinese-Internet-Stocks?refer=prn13" target="_blank" rel="nofollow ugc noopener">http://www.tickerspy.com/index/Chinese-Internet-Stocks?refer=prn13
The Chinese Internet Stocks Index is up 8.2% versus 4.2% for the S&P 500 over the last month, as investors look to Internet stocks as a way to gain access to the growing affluence of the massive Chinese population. The Chinese Internet Stocks Index has outperformed the S&P 500 by over 33% since the start of 2008.
Tickerspy Indexes use a "net asset value" calculation and cover a wide range of market sectors and segments, including dry bulk shipping stocks, Canadian energy trusts, gold and silver stocks, alternative energy stocks, money center banks, and many more. Tickerspy also offers various other China-focused Indexes, including for solar stocks, agriculture stocks, auto parts stocks, online gaming stocks, education stocks and several others.
About Tickerspy:
Tickerspy is a free, stock market-focused website that lets users track proprietary Indexes and institutional holdings. Tickerspy members can also track each other's portfolios and share investment ideas and news. In addition, Tickerspy members receive a free, customized daily email that includes portfolio performance, alerts, and news on the stocks they are tracking.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, tickerspy, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, tickerspy, +1-888-278-5515
Web Site: http://www.tickerspy.com/
© 2011 PR Newswire
18.01.2011 14:25
Tickerspy.com Announces New Stock Index Tracking Chinese Internet Stocks, Including E-Commerce China Dangdang, Youku.com, Baidu.com, Sohu.com and Sina
PRINCETON, N.J., Jan. 18, 2011 /PRNewswire/ -- Tickerspy (http://www.tickerspy.com/)," target="_blank" rel="nofollow ugc noopener">http://www.tickerspy.com/), an investing website featuring over 250 unique, proprietary Indexes, announced the creation of the Chinese Internet Stocks Index, which includes among its components E-Commerce China Dangdang , Youku.com , Baidu.com , Sohu.com and Sina .
The China-based companies operate online, serving China's growing Internet-connected population, and typically employ an e-commerce, subscription or advertising-based business model.
To gain immediate access to the Chinese Internet Stocks Index, a complete list of its components, and various charts and related metrics, please visit the following link:
http://www.tickerspy.com/index/Chinese-Internet-Stocks?refer=prn13" target="_blank" rel="nofollow ugc noopener">http://www.tickerspy.com/index/Chinese-Internet-Stocks?refer=prn13
The Chinese Internet Stocks Index is up 8.2% versus 4.2% for the S&P 500 over the last month, as investors look to Internet stocks as a way to gain access to the growing affluence of the massive Chinese population. The Chinese Internet Stocks Index has outperformed the S&P 500 by over 33% since the start of 2008.
Tickerspy Indexes use a "net asset value" calculation and cover a wide range of market sectors and segments, including dry bulk shipping stocks, Canadian energy trusts, gold and silver stocks, alternative energy stocks, money center banks, and many more. Tickerspy also offers various other China-focused Indexes, including for solar stocks, agriculture stocks, auto parts stocks, online gaming stocks, education stocks and several others.
About Tickerspy:
Tickerspy is a free, stock market-focused website that lets users track proprietary Indexes and institutional holdings. Tickerspy members can also track each other's portfolios and share investment ideas and news. In addition, Tickerspy members receive a free, customized daily email that includes portfolio performance, alerts, and news on the stocks they are tracking.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, tickerspy, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, tickerspy, +1-888-278-5515
Web Site: http://www.tickerspy.com/
© 2011 PR Newswire
Antwort auf Beitrag Nr.: 40.881.513 von Karlll am 18.01.11 16:15:01oder das:
19.01.2011 12:20
Suchmaschinen: Baidu weitet Marktanteil in China auf 75,5% aus
EMFIS.COM - Peking 19.01.2011 (www.emfis.com) Nach Angaben des Marktforschungsinstituts Analysys International hat Chinas führende Suchmaschine Baidu den Marktanteil im vierten Quartal 2010 auf 75,5 Prozent ausgebaut. Im Vorquartal kam Baidu noch auf einen Anteil von 73 Prozent. Vor allem der große Konkurrent Google musste weiter Federn lassen und gab gegenüber dem Vorquartal zwei Prozent ab. Damit kam das US-Unternehmen auf einen Anteil von 19,6 Prozent. Der Wert des chinesischen Suchmaschinenmarktes hat sich im vierten Quartal im Jahresvergleich auf 3,85 Milliarden Yuan (585 Millionen US-Dollar) nahezu verdoppelt. Im letzten Jahr stieg die Zahl der chinesischen Internet-Nutzer um 19,1 Prozent auf 457 Millionen an. Davon greifen fast 82 Prozent auf Suchmaschinen zurück.
© 2011 EMFIS.COM
19.01.2011 12:20
Suchmaschinen: Baidu weitet Marktanteil in China auf 75,5% aus
EMFIS.COM - Peking 19.01.2011 (www.emfis.com) Nach Angaben des Marktforschungsinstituts Analysys International hat Chinas führende Suchmaschine Baidu den Marktanteil im vierten Quartal 2010 auf 75,5 Prozent ausgebaut. Im Vorquartal kam Baidu noch auf einen Anteil von 73 Prozent. Vor allem der große Konkurrent Google musste weiter Federn lassen und gab gegenüber dem Vorquartal zwei Prozent ab. Damit kam das US-Unternehmen auf einen Anteil von 19,6 Prozent. Der Wert des chinesischen Suchmaschinenmarktes hat sich im vierten Quartal im Jahresvergleich auf 3,85 Milliarden Yuan (585 Millionen US-Dollar) nahezu verdoppelt. Im letzten Jahr stieg die Zahl der chinesischen Internet-Nutzer um 19,1 Prozent auf 457 Millionen an. Davon greifen fast 82 Prozent auf Suchmaschinen zurück.
© 2011 EMFIS.COM
Am 31.01.11 nach Börsenschluss in den USA kommen die Q. Zahlen.
24.01.2011
Baidu, Inc.
Baidu, Inc. (BIDU) earned a bullish brokerage note this morning, as Macquarie started coverage of the stock with an "outperform" rating and a $138 price target. This forecast implies expected upside of more than 31% to Friday's close at $105.10. Most analysts are upbeat about the Chinese search engine's prospects; Zacks tallies 12 "buy" or better recommendations, compared to five "holds" and one "strong sell."
BIDU is up 1% in pre-market trading, extending a longer-term ascent along the support of its 10-week and 20-week moving averages. These trendlines have ushered the shares consistently higher since March 2009.
Just like Macquarie, front-month call players seem to have high hopes for BIDU. Peak call open interest of 8,246 contracts can be found at the out-of-the-money February 110 strike, with another notable accumulation of 6,312 contracts at the February 115 strike.
Baidu, Inc.
Baidu, Inc. (BIDU) earned a bullish brokerage note this morning, as Macquarie started coverage of the stock with an "outperform" rating and a $138 price target. This forecast implies expected upside of more than 31% to Friday's close at $105.10. Most analysts are upbeat about the Chinese search engine's prospects; Zacks tallies 12 "buy" or better recommendations, compared to five "holds" and one "strong sell."
BIDU is up 1% in pre-market trading, extending a longer-term ascent along the support of its 10-week and 20-week moving averages. These trendlines have ushered the shares consistently higher since March 2009.
Just like Macquarie, front-month call players seem to have high hopes for BIDU. Peak call open interest of 8,246 contracts can be found at the out-of-the-money February 110 strike, with another notable accumulation of 6,312 contracts at the February 115 strike.
Baidu: Beefing Presence Beyond China
By Adaline Lau , January 27, 2011
China has the largest Internet population in the world at 420 million and 99 percent of them use Baidu, according to Robin Li, CEO of China's largest search engine.
Baidu's search market share continues to rise -- up from 73 percent to 75.5 percent between Q3 to Q4 last year -- eating into rival Google's market share, which fell from 21.6 percent to 19.6 percent in the same period, according to the latest report from China research firm Analysys International.
Baidu clearly dominates the China search market. But does it have ambitions to grow outside the country? Recent developments suggest it is strengthening its presence beyond China.
The Rakuten Alliance
Rakuten, Japan's largest e-commerce company, and Baidu announced a strategic partnership in January 2010 to invest $50 million over three years to build a new online retail site that launched in October the same year called Lekutian.
Lekutian
The joint venture aims to create the largest B2B2C online shopping mall for consumers in China to buy high quality products from well-known Chinese to foreign brands including small and medium-sized businesses.
In Japan, Rakuten has around 64 million registered members and 2009 sales totaled $3.2 billion. Its core business "Rakuten Ichiba" is said to offer 50 million products sold by more than 33,000 merchants on the country's largest e-commerce site.
As part of global expansion, Rakuten was involved in a number of acquisitions last summer, including PriceMinister, France's largest e-commerce company, and U.S. e-commerce site Buy.com. Rakuten also entered a joint venture with Global Mediacom to tap Indonesia's e-commerce marketplace. Six years ago, Rakuten acquired U.S. ad network LinkShare.
Backed by Rakuten's ties in Europe and the U.S., the Lekutian partnership will help Baidu raise its international profile in e-commerce and search.
Outside of China, Baidu's search service has been available in Japanese since 2007.
Tapping the rising trend of Internet savvy youths on discussion forums commonly known in Asia as Bulletin Board System (BBS), Baidu launched its Post-Bar or Tieba, an Internet forum in the country last August.
Reseller in 4 Asia Markets
In other parts of Asia, Baidu appointed China Search in October 2010, as exclusive reseller to provide paid search solutions for companies in Hong Kong, Taiwan, Singapore, and Macau.
Bob Tin, director of China Search, said they have been in talks with clients and those from the travel, e-commerce and jewelery sectors were keen and some are committing as much as eight-figure RMB annual search budgets on Baidu.
However, will Baidu capture a significant portion of the SME segment through this exclusive agreement? And will they consider appointing more resellers to expand in other markets of Asia, Europe, or the U.S. in the near future?
Baidu Beat
But Baidu says its blog "does not represent the official position of Baidu or its officers" even though it's written and updated by its employees.
Baidu Beat won't be used to make any initial disclosures by the company or any of its subsidiaries or related companies, which means tough luck if you're looking for breaking news there.
The blog aims to give readers a peek into what Chinese Internet users are looking for online, aggregated through individual search queries from its search engine, topical issues discussed on its online community Baidu PostBar, and queries from Chinese Internet users through its Q&A site Baidu Zhidao, or "Baidu Knows."
To attract an international following, @BaiduBeat has more than 140 followers and more than 50 Facebook fans since it rolled out less than a month ago.
Does having an English language blog indicate Baidu has ambitions to beef its presence globally?
At the Web 2.0 summit Li said America isn't a high priority market for Baidu although he wanted the U.S. to pay attention to China. He hinted they would add different languages for the search engine in the future. Li's answer seems to suggest Baidu is seeking to expand in Asia initially, rather than potentially go head to head with Google on its home turf in the U.S.
If you're keen to track trending topics or brands that China users search on Baidu, check out Feng Yun Bang, a listing site updated in near real time that shows top searches in different categories from people, entertainment, lifestyle, cars, games, computers, education to finance by day, week or month. Some categories even trend by demographics (e.g., those born in the '70s, '80s, or '90s, males vs. females), although right now it's only available in Chinese.
Join us for SES London 2011, the Leading Search & Social Marketing Event, taking place February 21-25! The conference offers sessions on topics including search engine optimization (SEO), keyword analysis, link building, local, mobile, video, analytics, social media, and more. Register now.
By Adaline Lau , January 27, 2011
China has the largest Internet population in the world at 420 million and 99 percent of them use Baidu, according to Robin Li, CEO of China's largest search engine.
Baidu's search market share continues to rise -- up from 73 percent to 75.5 percent between Q3 to Q4 last year -- eating into rival Google's market share, which fell from 21.6 percent to 19.6 percent in the same period, according to the latest report from China research firm Analysys International.
Baidu clearly dominates the China search market. But does it have ambitions to grow outside the country? Recent developments suggest it is strengthening its presence beyond China.
The Rakuten Alliance
Rakuten, Japan's largest e-commerce company, and Baidu announced a strategic partnership in January 2010 to invest $50 million over three years to build a new online retail site that launched in October the same year called Lekutian.
Lekutian
The joint venture aims to create the largest B2B2C online shopping mall for consumers in China to buy high quality products from well-known Chinese to foreign brands including small and medium-sized businesses.
In Japan, Rakuten has around 64 million registered members and 2009 sales totaled $3.2 billion. Its core business "Rakuten Ichiba" is said to offer 50 million products sold by more than 33,000 merchants on the country's largest e-commerce site.
As part of global expansion, Rakuten was involved in a number of acquisitions last summer, including PriceMinister, France's largest e-commerce company, and U.S. e-commerce site Buy.com. Rakuten also entered a joint venture with Global Mediacom to tap Indonesia's e-commerce marketplace. Six years ago, Rakuten acquired U.S. ad network LinkShare.
Backed by Rakuten's ties in Europe and the U.S., the Lekutian partnership will help Baidu raise its international profile in e-commerce and search.
Outside of China, Baidu's search service has been available in Japanese since 2007.
Tapping the rising trend of Internet savvy youths on discussion forums commonly known in Asia as Bulletin Board System (BBS), Baidu launched its Post-Bar or Tieba, an Internet forum in the country last August.
Reseller in 4 Asia Markets
In other parts of Asia, Baidu appointed China Search in October 2010, as exclusive reseller to provide paid search solutions for companies in Hong Kong, Taiwan, Singapore, and Macau.
Bob Tin, director of China Search, said they have been in talks with clients and those from the travel, e-commerce and jewelery sectors were keen and some are committing as much as eight-figure RMB annual search budgets on Baidu.
However, will Baidu capture a significant portion of the SME segment through this exclusive agreement? And will they consider appointing more resellers to expand in other markets of Asia, Europe, or the U.S. in the near future?
Baidu Beat
But Baidu says its blog "does not represent the official position of Baidu or its officers" even though it's written and updated by its employees.
Baidu Beat won't be used to make any initial disclosures by the company or any of its subsidiaries or related companies, which means tough luck if you're looking for breaking news there.
The blog aims to give readers a peek into what Chinese Internet users are looking for online, aggregated through individual search queries from its search engine, topical issues discussed on its online community Baidu PostBar, and queries from Chinese Internet users through its Q&A site Baidu Zhidao, or "Baidu Knows."
To attract an international following, @BaiduBeat has more than 140 followers and more than 50 Facebook fans since it rolled out less than a month ago.
Does having an English language blog indicate Baidu has ambitions to beef its presence globally?
At the Web 2.0 summit Li said America isn't a high priority market for Baidu although he wanted the U.S. to pay attention to China. He hinted they would add different languages for the search engine in the future. Li's answer seems to suggest Baidu is seeking to expand in Asia initially, rather than potentially go head to head with Google on its home turf in the U.S.
If you're keen to track trending topics or brands that China users search on Baidu, check out Feng Yun Bang, a listing site updated in near real time that shows top searches in different categories from people, entertainment, lifestyle, cars, games, computers, education to finance by day, week or month. Some categories even trend by demographics (e.g., those born in the '70s, '80s, or '90s, males vs. females), although right now it's only available in Chinese.
Join us for SES London 2011, the Leading Search & Social Marketing Event, taking place February 21-25! The conference offers sessions on topics including search engine optimization (SEO), keyword analysis, link building, local, mobile, video, analytics, social media, and more. Register now.
BAIDU erzeugt heute ein Kaufsignal! Das heißt...
von André Rain
Donnerstag 27.01.2011, 21:26 Uhr
Börse: NYSE in USD / Kursstand: 109,43 $
Rückblick: Nach einer starken Rally erreichte die Baidu Aktie ein Allzeithoch bei 113,78 $ im Oktober und startete eine ausgedehnte Konsolidierungsbewegung. Diese dauert nach wie vor an, wobei die Aktie seit Jahresbeginn wieder deutlich ansteigen kann.
Dabei bilden sich die Konturen einer bullischen inversen SKS als Fortsetzungsformation im Aufwärtstrend heraus. Heute durchbricht die Baidu Aktie die Nackenlinie (schwarz) und aktiviert damit die Formation.
Charttechnischer Ausblick: Die Baidu Aktie könnte jetzt deutlich nach oben schießen und einen Ausbruch auf neue Allzeithochs vollziehen. Wird das Allzeithoch bei 115,04 $ geknackt, wird eine weitere Aufwärtswelle bis 143,00 - 148,00 $ eingeleitet.
Ein Tagesschluss unterhalb von 100,00 $ hingegen würde eine Abwärtskorrektur bis 94,00 - 95,12 oder darunter ggf. 87,00 - 88,32 $ ermöglichen. Erst unterhalb von 86,00 $ entstehen größere Verkaufsignale.
Kursverlauf vom 13.05.2010 bis 27.01.2011 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
von André Rain
Donnerstag 27.01.2011, 21:26 Uhr
Börse: NYSE in USD / Kursstand: 109,43 $
Rückblick: Nach einer starken Rally erreichte die Baidu Aktie ein Allzeithoch bei 113,78 $ im Oktober und startete eine ausgedehnte Konsolidierungsbewegung. Diese dauert nach wie vor an, wobei die Aktie seit Jahresbeginn wieder deutlich ansteigen kann.
Dabei bilden sich die Konturen einer bullischen inversen SKS als Fortsetzungsformation im Aufwärtstrend heraus. Heute durchbricht die Baidu Aktie die Nackenlinie (schwarz) und aktiviert damit die Formation.
Charttechnischer Ausblick: Die Baidu Aktie könnte jetzt deutlich nach oben schießen und einen Ausbruch auf neue Allzeithochs vollziehen. Wird das Allzeithoch bei 115,04 $ geknackt, wird eine weitere Aufwärtswelle bis 143,00 - 148,00 $ eingeleitet.
Ein Tagesschluss unterhalb von 100,00 $ hingegen würde eine Abwärtskorrektur bis 94,00 - 95,12 oder darunter ggf. 87,00 - 88,32 $ ermöglichen. Erst unterhalb von 86,00 $ entstehen größere Verkaufsignale.
Kursverlauf vom 13.05.2010 bis 27.01.2011 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
Thursday, January 27, 2011
Baidu (NASDAQ:BIDU) Remains Interesting Growth Story Says Kaufman
With Netflix (NASDAQ:NFLX), Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) dominating the tech news recently, Baidu (NASDAQ:BIDU) and others have been quietly in the background, although that should change when it reports earnings on Monday, which should reinforce their growth narrative as a long and sustainable one.
Kaufman says, "Baidu reports 4Q results Monday, January 31st after the close. We estimate 4Q gross revenues of $364M (97% Y/Y, 93% constant currency, 8% Q/Q), which is in line with the consensus estimate of $362M and at the high end of BIDU's guidance range of $354.2M-$364.7M. We estimate over 13,000 net new customer additions for 4Q from 272,000 reported in 3Q. We expect average revenue per customer to be up 54% Y/Y and 3% Q/Q. We expect PF EPS to be largely in line with our and the consensus estimate of $0.46; however, we would not be surprised to see the company come in modestly above this number with the potential for better than expected operating leverage. We anticipate that the company may issue conservative 1Q11 top-line guidance, perhaps lower at the midpoint than the current consensus of $354M."
Kaufman Bros. maintains a 'Buy' rating on Baidu (BIDU), which was trading at $109.63, gaining $1.68, or 1.56 percent, as of 2:34 PM EST. Kaufman has a price target on Baidu of $118.
Posted by Gary at 2:37 PM
Baidu (NASDAQ:BIDU) Remains Interesting Growth Story Says Kaufman
With Netflix (NASDAQ:NFLX), Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) dominating the tech news recently, Baidu (NASDAQ:BIDU) and others have been quietly in the background, although that should change when it reports earnings on Monday, which should reinforce their growth narrative as a long and sustainable one.
Kaufman says, "Baidu reports 4Q results Monday, January 31st after the close. We estimate 4Q gross revenues of $364M (97% Y/Y, 93% constant currency, 8% Q/Q), which is in line with the consensus estimate of $362M and at the high end of BIDU's guidance range of $354.2M-$364.7M. We estimate over 13,000 net new customer additions for 4Q from 272,000 reported in 3Q. We expect average revenue per customer to be up 54% Y/Y and 3% Q/Q. We expect PF EPS to be largely in line with our and the consensus estimate of $0.46; however, we would not be surprised to see the company come in modestly above this number with the potential for better than expected operating leverage. We anticipate that the company may issue conservative 1Q11 top-line guidance, perhaps lower at the midpoint than the current consensus of $354M."
Kaufman Bros. maintains a 'Buy' rating on Baidu (BIDU), which was trading at $109.63, gaining $1.68, or 1.56 percent, as of 2:34 PM EST. Kaufman has a price target on Baidu of $118.
Posted by Gary at 2:37 PM
Baidu may not beat Q4 Street view on increased costs
Fri Jan 28, 2011 4:31am EST
* What: Baidu's Q4 earnings
* When: Baidu reports on Jan 31 after U.S. market hours
* Baidu to post in-line results, margins seen slightly lower
* E-commerce seen as next boost to paid search
* Shares rose around 135 pct last year
By Melanie Lee
SHANGHAI, Jan 28 (Reuters) - China's top Internet search engine Baidu Inc (BIDU.O), which beat profit expectations in the past four quarters, is unlikely to repeat that for the fourth quarter as margins slipped and new customer additions slowed.
Baidu, a favourite pick of hedge funds, has already flagged that 2011 will be different, telling Reuters in December it expects growth this year to moderate due to a higher comparison base and as the unique factors that spurred rapid growth in 2010 won't be repeated. [ID:nL3E6NF0O9]
Baidu will likely forecast first-quarter revenue in line with Wall Street estimates and its fourth-quarter margins may be crimped as traffic acquisition costs (TAC) as a proportion of revenue, a key component of the firm's overall costs, go up, analysts said.
"There is less room for them to surprise on the upside now but they will still come up on the high end of their guidance," said Hong Kong-based CLSA analyst Elinor Leung.
"It (TAC) dropped in Q2 and in Q3 but I think the (upward) trend will continue, that's why we expect margins to go down," Leung said.
China's search market grew 67 percent in the fourth quarter to 3.2 billion yuan ($486 million) with Baidu holding a dominant 73 percent of the market by revenue compared with Google's (GOOG.O) 24 percent, according to data from iResearch.
E-COMMERCE BOOM
Baidu is expected to post revenue of $360.8 million in the fourth quarter, according to a poll of 15 analysts by Thomson Reuters I/B/E/S. This is in the range of the firm's own forecast of $354.2 million to $364.7 million.
Analysts expect Baidu to post revenue of $354.1 million in the first quarter, an 86 percent increase over the previous year, according to Thomson Reuters I/B/E/S.
Leung of CLSA said an early Lunar New Year this year will help Baidu's first-quarter results as advertisers tend to hold off spending till after the week-long holiday. She expects Baidu to say first-quarter revenue will rise about 88 percent.
"The big growth step curve we saw over the last two or three quarters is largely behind us," said Nomura analyst Jin Yoon.
Although the strength of Baidu's main competitor in China's search market has diminished, the firm still faces competition from local players such as Alibaba Group and Sohu.com (SOHU.O).
E-commerce, which is expected to drive search traffic in the coming years, is dominated by Alibaba Group, which owns China's largest business-to-business and online shopping platforms.
China's e-commerce transaction value grew 33.5 percent to 4.8 trillion yuan in 2010 and is expected to grow to 20.4 trillion yuan by 2014, according to iResearch. Analysts expect the market boom to drive up online advertising and paid search.
Last year, Alibaba Group's Taobao launched a test version of its own e-commerce search site Etao, while Baidu linked up with Japanese online retail Rakuten (4755.OS) to form an online mall.
Baidu shares have risen around 10 percent this year, after rising around 135 percent last year.
It was the only Asian name in the top 100 holdings of the world's 30 biggest hedge funds in the third quarter of 2010, according to Thomson Reuters' StreetSight. The hedge funds increased their holdings of Baidu by roughly a fifth in the third quarter from the second quarter, the data showed.
($1=6.582 Yuan)
(Editing by Muralikumar Anantharaman)
((melanie.lee@thomsonreuters.com; +86 21 6104 1778; Reuters Messaging: melanie.lee.reuters.com@reuters.net))
Fri Jan 28, 2011 4:31am EST
* What: Baidu's Q4 earnings
* When: Baidu reports on Jan 31 after U.S. market hours
* Baidu to post in-line results, margins seen slightly lower
* E-commerce seen as next boost to paid search
* Shares rose around 135 pct last year
By Melanie Lee
SHANGHAI, Jan 28 (Reuters) - China's top Internet search engine Baidu Inc (BIDU.O), which beat profit expectations in the past four quarters, is unlikely to repeat that for the fourth quarter as margins slipped and new customer additions slowed.
Baidu, a favourite pick of hedge funds, has already flagged that 2011 will be different, telling Reuters in December it expects growth this year to moderate due to a higher comparison base and as the unique factors that spurred rapid growth in 2010 won't be repeated. [ID:nL3E6NF0O9]
Baidu will likely forecast first-quarter revenue in line with Wall Street estimates and its fourth-quarter margins may be crimped as traffic acquisition costs (TAC) as a proportion of revenue, a key component of the firm's overall costs, go up, analysts said.
"There is less room for them to surprise on the upside now but they will still come up on the high end of their guidance," said Hong Kong-based CLSA analyst Elinor Leung.
"It (TAC) dropped in Q2 and in Q3 but I think the (upward) trend will continue, that's why we expect margins to go down," Leung said.
China's search market grew 67 percent in the fourth quarter to 3.2 billion yuan ($486 million) with Baidu holding a dominant 73 percent of the market by revenue compared with Google's (GOOG.O) 24 percent, according to data from iResearch.
E-COMMERCE BOOM
Baidu is expected to post revenue of $360.8 million in the fourth quarter, according to a poll of 15 analysts by Thomson Reuters I/B/E/S. This is in the range of the firm's own forecast of $354.2 million to $364.7 million.
Analysts expect Baidu to post revenue of $354.1 million in the first quarter, an 86 percent increase over the previous year, according to Thomson Reuters I/B/E/S.
Leung of CLSA said an early Lunar New Year this year will help Baidu's first-quarter results as advertisers tend to hold off spending till after the week-long holiday. She expects Baidu to say first-quarter revenue will rise about 88 percent.
"The big growth step curve we saw over the last two or three quarters is largely behind us," said Nomura analyst Jin Yoon.
Although the strength of Baidu's main competitor in China's search market has diminished, the firm still faces competition from local players such as Alibaba Group and Sohu.com (SOHU.O).
E-commerce, which is expected to drive search traffic in the coming years, is dominated by Alibaba Group, which owns China's largest business-to-business and online shopping platforms.
China's e-commerce transaction value grew 33.5 percent to 4.8 trillion yuan in 2010 and is expected to grow to 20.4 trillion yuan by 2014, according to iResearch. Analysts expect the market boom to drive up online advertising and paid search.
Last year, Alibaba Group's Taobao launched a test version of its own e-commerce search site Etao, while Baidu linked up with Japanese online retail Rakuten (4755.OS) to form an online mall.
Baidu shares have risen around 10 percent this year, after rising around 135 percent last year.
It was the only Asian name in the top 100 holdings of the world's 30 biggest hedge funds in the third quarter of 2010, according to Thomson Reuters' StreetSight. The hedge funds increased their holdings of Baidu by roughly a fifth in the third quarter from the second quarter, the data showed.
($1=6.582 Yuan)
(Editing by Muralikumar Anantharaman)
((melanie.lee@thomsonreuters.com; +86 21 6104 1778; Reuters Messaging: melanie.lee.reuters.com@reuters.net))
Monday, January 31, 2011 ET
Baidu: Stifel Reiterates Buy In Advance Of Q4 Report
By Tiernan Ray
Stifel Nicolaus analyst George Askew this morning reiterated a Buy rating and a $144 price target on shares of Baidu (BIDU) in advance of the company’s Q4 report this afternoon after the bell.
Askew sees Baidu delivering 45 cents EPS, the same as the consensus estimate, and he notes the company has “consistently exceeded investor expectations. Baidu probably benefited from a 75.5% share of the keyword search Market in China, versus 19.6% share for Google. The company has been able throughout the year to gain share from most competitors, including Google, he notes.
Askew estimates Google’s stumbles in China helped to lower Baidu’s costs to acquire traffic, and he sees a 9.8% TAC rate in Q4, and expects that go lower this year, to 9.4%.
Baidu shares this morning are up $1.62, or 1.6%, $108.16. Earlier this morning, Baidu competitor Sohu.com (SOHU) reported better-than-expected Q4 results.
Baidu: Stifel Reiterates Buy In Advance Of Q4 Report
By Tiernan Ray
Stifel Nicolaus analyst George Askew this morning reiterated a Buy rating and a $144 price target on shares of Baidu (BIDU) in advance of the company’s Q4 report this afternoon after the bell.
Askew sees Baidu delivering 45 cents EPS, the same as the consensus estimate, and he notes the company has “consistently exceeded investor expectations. Baidu probably benefited from a 75.5% share of the keyword search Market in China, versus 19.6% share for Google. The company has been able throughout the year to gain share from most competitors, including Google, he notes.
Askew estimates Google’s stumbles in China helped to lower Baidu’s costs to acquire traffic, and he sees a 9.8% TAC rate in Q4, and expects that go lower this year, to 9.4%.
Baidu shares this morning are up $1.62, or 1.6%, $108.16. Earlier this morning, Baidu competitor Sohu.com (SOHU) reported better-than-expected Q4 results.
31.01.2011 22:47
Baidu.com überzeugt - Aktie nachbörslich +6,5%
Baidu.com New York (BoerseGo.de) - Der größte chinesische Suchmaschinenbetreiber Baidu.com erzielt im vierten Quartal einen Gewinn von 0,50 Dollar pro Aktie und übertrifft damit die Erwartungen von Wall Street um 4 Cent. Der Umsatz klettert gegenüber dem entsprechenden Vorjahreszeitraum um 94,4 Prozent auf 371,3 Millionen Dollar, was ebenfalls über den Konsensschätzungen der Analysten von 361 Millionen Dollar liegt.
Für das aktuelle erste Quartal rechnet das Unternehmen mit einem Umsatz von 360 bis 371,2 Millionen Dollar, was erneut über den Erwartungen von Wall Street von 354,15 Millionen Dollar ausfällt.
Die Aktie steigt nachbörslich 6,5 Prozent auf 115,75 Dollar.
(© BörseGo AG 2011 - Autor: Christian Hoyer, Redakteur)
Baidu.com überzeugt - Aktie nachbörslich +6,5%
Baidu.com New York (BoerseGo.de) - Der größte chinesische Suchmaschinenbetreiber Baidu.com erzielt im vierten Quartal einen Gewinn von 0,50 Dollar pro Aktie und übertrifft damit die Erwartungen von Wall Street um 4 Cent. Der Umsatz klettert gegenüber dem entsprechenden Vorjahreszeitraum um 94,4 Prozent auf 371,3 Millionen Dollar, was ebenfalls über den Konsensschätzungen der Analysten von 361 Millionen Dollar liegt.
Für das aktuelle erste Quartal rechnet das Unternehmen mit einem Umsatz von 360 bis 371,2 Millionen Dollar, was erneut über den Erwartungen von Wall Street von 354,15 Millionen Dollar ausfällt.
Die Aktie steigt nachbörslich 6,5 Prozent auf 115,75 Dollar.
(© BörseGo AG 2011 - Autor: Christian Hoyer, Redakteur)
01.02.2011 | 07:02
Chinesischer Google-Rivale Baidu steigert Gewinn kräftig
Der chinesische Internet-Dienstleister und Google-Rivale Baidu hat seinen Gewinn im vierten Quartal kräftig gesteigert. Eine starke Zunahme bei den Werbeausgaben der Kunden habe die Geschäfte angetrieben, teilte das Unternehmen am Montag mit. Der Überschuss stieg auf 175,9 Millionen Dollar von 62,7 Millionen Dollar im gleichen Vorjahreszeitraum. Der Umsatz kletterte auf 371,3 Millionen Dollar von 184,7 Millionen Dollar. Beide Kennziffern lagen über den Erwartungen von Analysten.
Die an der Nasdaq notierten Baidu-Aktien sprangen im nachbörslichen Handel um 7,5 Prozent auf 116,9 Dollar.
(APA/Reuters)
Chinesischer Google-Rivale Baidu steigert Gewinn kräftig
Der chinesische Internet-Dienstleister und Google-Rivale Baidu hat seinen Gewinn im vierten Quartal kräftig gesteigert. Eine starke Zunahme bei den Werbeausgaben der Kunden habe die Geschäfte angetrieben, teilte das Unternehmen am Montag mit. Der Überschuss stieg auf 175,9 Millionen Dollar von 62,7 Millionen Dollar im gleichen Vorjahreszeitraum. Der Umsatz kletterte auf 371,3 Millionen Dollar von 184,7 Millionen Dollar. Beide Kennziffern lagen über den Erwartungen von Analysten.
Die an der Nasdaq notierten Baidu-Aktien sprangen im nachbörslichen Handel um 7,5 Prozent auf 116,9 Dollar.
(APA/Reuters)
Baidu, Marktführer für Internetsuche in China, verdoppelt seinen Profit und will in Social Networking einsteigen.
(1.2.2011, 9:45) Baidu gab heute bekannt, dass es seinen Profit im Q4 2010 auf 176 Millionen Dollar mehr als verdoppelt hat. Baidu hat im vergangen Jahr Google klar hinter sich gelassen, die nur mehr einen Marktanteil von 19,6% haben, während Baidu bereits auf 75,5% kommt.
Dank der hohen Profitabilität des Unternehmens plant Baidu nun auch in Social Networking einzusteigen. Dieser Markt wird in China von Tencent kontrolliert, die weit über 600 Millionen User haben.
Baidu kontrolliert auch Qiyi.com, ein Online Video Service mit bereits mehr als 100 Millionen Kunden. Ein separates Börselisting dieses Unternehmens wird derzeit geprüft. Baidu ist unter anderem in der Nasdaq gelistet.
( pfm )
(1.2.2011, 9:45) Baidu gab heute bekannt, dass es seinen Profit im Q4 2010 auf 176 Millionen Dollar mehr als verdoppelt hat. Baidu hat im vergangen Jahr Google klar hinter sich gelassen, die nur mehr einen Marktanteil von 19,6% haben, während Baidu bereits auf 75,5% kommt.
Dank der hohen Profitabilität des Unternehmens plant Baidu nun auch in Social Networking einzusteigen. Dieser Markt wird in China von Tencent kontrolliert, die weit über 600 Millionen User haben.
Baidu kontrolliert auch Qiyi.com, ein Online Video Service mit bereits mehr als 100 Millionen Kunden. Ein separates Börselisting dieses Unternehmens wird derzeit geprüft. Baidu ist unter anderem in der Nasdaq gelistet.
( pfm )
jetzt geht die nächste Rally los
Baidu festigt seine Marktposition in China
Suchmaschine verdreifacht Gewinn
01.02.2011 10:44 skr
Baidu bringt Quartalsbericht
Wenn zwei sich streiten, freut sich der Dritte: Während Google in China mit den Behörden im Clinch liegt, steigen bei der chinesischen Suchmaschine Baidu Gewinn- und Umsatzzahlen für das vierte Quartal 2010.
Im Schlussquartal 2010 verzeichnete Baidu einen Umsatz von 371,3 Millionen US-Dollar. Das sind 94,4 Prozent mehr als im vierten Quartal 2009. Beim Gewinn gab es noch erfreulichere Zahlen für das Unternehmen: Im vierten Quartal flossen 175,9 Millionen US-Dollar in die Kassen des Suchmaschinenunternehmens und damit fast drei Mal so viel wie im Vorjahresquartal (62,7 Millionen US-Dollar).
Auch im Jahresvergleich schloss Baidu 2010 gut ab: Im Vergleich zum Vorjahr stieg der Umsatz hier um 78 Prozent auf rund 1,2 Milliarden US-Dollar. Der Gewinn stieg um 137,4 Prozent auf 543,1 Millionen US-Dollar.
In Zukunft wolle das Unternehmen seine Suchdienste um andere Onlineaktivitäten wie E-Commerce und Social Networking erweitern, sagte Baidu-CEO Robin Li. Für das jetzt laufende, erste Quartal 2011 erwartet Baidu einen Umsatz von mindestens 360,6 Millionen US-Dollar.
Suchmaschine verdreifacht Gewinn
01.02.2011 10:44 skr
Baidu bringt Quartalsbericht
Wenn zwei sich streiten, freut sich der Dritte: Während Google in China mit den Behörden im Clinch liegt, steigen bei der chinesischen Suchmaschine Baidu Gewinn- und Umsatzzahlen für das vierte Quartal 2010.
Im Schlussquartal 2010 verzeichnete Baidu einen Umsatz von 371,3 Millionen US-Dollar. Das sind 94,4 Prozent mehr als im vierten Quartal 2009. Beim Gewinn gab es noch erfreulichere Zahlen für das Unternehmen: Im vierten Quartal flossen 175,9 Millionen US-Dollar in die Kassen des Suchmaschinenunternehmens und damit fast drei Mal so viel wie im Vorjahresquartal (62,7 Millionen US-Dollar).
Auch im Jahresvergleich schloss Baidu 2010 gut ab: Im Vergleich zum Vorjahr stieg der Umsatz hier um 78 Prozent auf rund 1,2 Milliarden US-Dollar. Der Gewinn stieg um 137,4 Prozent auf 543,1 Millionen US-Dollar.
In Zukunft wolle das Unternehmen seine Suchdienste um andere Onlineaktivitäten wie E-Commerce und Social Networking erweitern, sagte Baidu-CEO Robin Li. Für das jetzt laufende, erste Quartal 2011 erwartet Baidu einen Umsatz von mindestens 360,6 Millionen US-Dollar.
Antwort auf Beitrag Nr.: 40.959.222 von mann337 am 01.02.11 10:41:52sieht mal so aus, mann, als sollte es weitergehen.
-weiter gute Zahlen, zudem geplanter Einstieg in social Networking und evtl. Qiyi.com an
die Börse.
Ausblick für das 1. Quartal auch besser, als Analystenkonsens. Passt schon alles.
Kein Mensch konnte erwarten, daß Baidu in diesem Jahr wieder soviel zulegt wie im letzten.
Der Einmaleffekt, der Baidu durch den Rückzug von Google zugeflossen war läuft schließlich
irgendwann aus.
Gruß Karlll
-weiter gute Zahlen, zudem geplanter Einstieg in social Networking und evtl. Qiyi.com an
die Börse.
Ausblick für das 1. Quartal auch besser, als Analystenkonsens. Passt schon alles.
Kein Mensch konnte erwarten, daß Baidu in diesem Jahr wieder soviel zulegt wie im letzten.
Der Einmaleffekt, der Baidu durch den Rückzug von Google zugeflossen war läuft schließlich
irgendwann aus.
Gruß Karlll
das ist ne Cachmaschiene,
denkst noch an unseren Deal
denkst noch an unseren Deal
Antwort auf Beitrag Nr.: 40.961.343 von mann337 am 01.02.11 15:26:54... hast wohl Sorge ob des Datums 11.11. und fürchtest, daß ich die Pappenase aufhatte
und vom Weingeist umnebelt war?
Nee, nee, ich war im Vollbesitz meiner geistigen Kräfte und die Sache ist ja auch durch
den Beitrag Nr. 584 vom 11.11.2010 dokumentiert.
Aber ich finde es immer wieder erstaunlich, wie wenig Private hier investiert zu sein
scheinen.
In etlichen anderen Threads gibt es 20.000 Beiträge und die Titel bewegen sich kaum vom
Fleck, oder aber in die falsche Richtung. Aber vielleicht gibt es doch viel Investierte
und sie genießen und schweigen ob des steigenden Depotwertes.
Gruß
Karlll
und vom Weingeist umnebelt war?
Nee, nee, ich war im Vollbesitz meiner geistigen Kräfte und die Sache ist ja auch durch
den Beitrag Nr. 584 vom 11.11.2010 dokumentiert.
Aber ich finde es immer wieder erstaunlich, wie wenig Private hier investiert zu sein
scheinen.
In etlichen anderen Threads gibt es 20.000 Beiträge und die Titel bewegen sich kaum vom
Fleck, oder aber in die falsche Richtung. Aber vielleicht gibt es doch viel Investierte
und sie genießen und schweigen ob des steigenden Depotwertes.
Gruß
Karlll
Strong Top-Line Growth Boosts 4Q Results for Baidu, but We Think Stock Is Overvalued
by Dan Su | 02 Feb 11
Search engine Baidu BIDU delivered strong results in the fourth quarter on the back of impressive top-line growth and better leverage of sales and marketing expenses. With a dominant share in China's fast-growing search advertising market, Baidu has a long runway of growth ahead. However, we think the stock is richly valued, as the current market price implies forward price/earnings of 55 times, enterprise value/EBITDA of 41 times, and a free cash flow yield of 1.8%. We are maintaining our fair value estimate and think the stock does not currently offer attractive long-term returns.
Baidu continued its impressive growth trajectory in the fourth quarter, almost doubling revenue year over year to CNY 2.45 billion, thanks to a 24% increase in the number of paying customers and a 56% increase in average spending per account from the year-ago quarter. However, sequential growth in the number of active accounts was up only 1.5%, compared with 7% in the third quarter and 15% in the second quarter. Management admitted that attrition of small clients was high, partly because of the complexity of the new Phoenix Nest Platform. We suspect another important reason is that as more advertisers flock to Baidu and drive up the bidding price for keywords, the advertising return on investment for many smaller firms is no longer attractive. Although Baidu plans to launch a large-scale nationwide marketing campaign in the first quarter to acquire more customers and promises to work on client-retention programs, we think it will become increasingly difficult for the firm to sustain the rapid top-line growth it has posted over the past several quarters.
True to its promise of more research investment as it embarks on various new initiatives, including online video, social networking, box computing, and business-to-consumer e-commerce, Baidu raised research and development spending but otherwise controlled expense lines tightly. Operating margins were 52% in the fourth quarter, flat with 52.4% in the last quarter but up from 36.7% a year ago. Full-year revenue grew 78% to CNY 7.9 billion, while net profits expanded a staggering 137% on a significant drop in traffic acquisition cost as a percentage of total sales and better leverage of marketing expenses.
With no major challenger in sight, we think Baidu is likely to deliver strong growth again in 2011. Management guidance for the first quarter implied at least 84.5% year-over-year revenue growth, compared with 59.6% growth in the first quarter of 2010. However, we think several tailwinds that drove margin expansion in the past year may reverse in the coming year. Traffic acquisition costs as a percentage of sales fell to 9.6% in 2010, a sharp decline from 15.7% in 2009 and below the 12.4% average since 2005. We think partner sites that used to work with Baidu may gain more bargaining power in 2011 as other search businesses, notably Etao from Taobao, Soso from Tencent, and Sogou from Sohu SOHU , look to expand their market share and bid up the price for search traffic. We would not be surprised to see traffic acquisition costs as a percentage of revenue trend back up in 2011 for Baidu. Additionally, given the customer-retention issues involving smaller firms and lackluster growth in new customer acquisition in the fourth quarter, we believe Baidu will invest aggressively in marketing campaigns and in adding salespeople in the coming year to maintain rapid growth and solidify its leading position in the market. Profitability is likely to take a dent as a result, in our view.
by Dan Su | 02 Feb 11
Search engine Baidu BIDU delivered strong results in the fourth quarter on the back of impressive top-line growth and better leverage of sales and marketing expenses. With a dominant share in China's fast-growing search advertising market, Baidu has a long runway of growth ahead. However, we think the stock is richly valued, as the current market price implies forward price/earnings of 55 times, enterprise value/EBITDA of 41 times, and a free cash flow yield of 1.8%. We are maintaining our fair value estimate and think the stock does not currently offer attractive long-term returns.
Baidu continued its impressive growth trajectory in the fourth quarter, almost doubling revenue year over year to CNY 2.45 billion, thanks to a 24% increase in the number of paying customers and a 56% increase in average spending per account from the year-ago quarter. However, sequential growth in the number of active accounts was up only 1.5%, compared with 7% in the third quarter and 15% in the second quarter. Management admitted that attrition of small clients was high, partly because of the complexity of the new Phoenix Nest Platform. We suspect another important reason is that as more advertisers flock to Baidu and drive up the bidding price for keywords, the advertising return on investment for many smaller firms is no longer attractive. Although Baidu plans to launch a large-scale nationwide marketing campaign in the first quarter to acquire more customers and promises to work on client-retention programs, we think it will become increasingly difficult for the firm to sustain the rapid top-line growth it has posted over the past several quarters.
True to its promise of more research investment as it embarks on various new initiatives, including online video, social networking, box computing, and business-to-consumer e-commerce, Baidu raised research and development spending but otherwise controlled expense lines tightly. Operating margins were 52% in the fourth quarter, flat with 52.4% in the last quarter but up from 36.7% a year ago. Full-year revenue grew 78% to CNY 7.9 billion, while net profits expanded a staggering 137% on a significant drop in traffic acquisition cost as a percentage of total sales and better leverage of marketing expenses.
With no major challenger in sight, we think Baidu is likely to deliver strong growth again in 2011. Management guidance for the first quarter implied at least 84.5% year-over-year revenue growth, compared with 59.6% growth in the first quarter of 2010. However, we think several tailwinds that drove margin expansion in the past year may reverse in the coming year. Traffic acquisition costs as a percentage of sales fell to 9.6% in 2010, a sharp decline from 15.7% in 2009 and below the 12.4% average since 2005. We think partner sites that used to work with Baidu may gain more bargaining power in 2011 as other search businesses, notably Etao from Taobao, Soso from Tencent, and Sogou from Sohu SOHU , look to expand their market share and bid up the price for search traffic. We would not be surprised to see traffic acquisition costs as a percentage of revenue trend back up in 2011 for Baidu. Additionally, given the customer-retention issues involving smaller firms and lackluster growth in new customer acquisition in the fourth quarter, we believe Baidu will invest aggressively in marketing campaigns and in adding salespeople in the coming year to maintain rapid growth and solidify its leading position in the market. Profitability is likely to take a dent as a result, in our view.
New York 07.02.2011 (www.emfis.com) Anfang Februar hatte der chinesische Suchmaschinenprimus Baidu Inc. mitgeteilt, dass sich der Nettogewinn im vierten Quartal 2010 mehr als verdoppelt hatte. Mit den veröffentlichten Ergebnissen hatte Baidu die Erwartungen der Analysten übertroffen.
In der vergangenen Woche erhielt die Aktie positive Bewertungen. So bestätigte JP Morgan seine Einstufung „Overweight“ und hob sein bisheriges Kursziel von 120 auf 125 US Dollar an.
Von der Deutschen Bank gab es eine Hochstufung. Hatte die Bank bisher ein Halten empfohlen, rät sie jetzt zum Kauf der Baidu- Aktie. Gleichzeitig setzte sie ihr Kursziel von 100 auf 139 US Dollar nach oben.
Am vergangenen Freitag verließ die Aktie den Handel an der US- Börse mit einem leichten Verlust von 0,69 Prozent auf 117,68 US Dollar.
Baidu ist Teil des CHINA INTERNET SOLACTIVE PERFORMANCE INDEX ZERTIFIKAT mit der WKN DB2CNT
Wertpapiere des Artikels:
Baidu Sp ADR-A
In der vergangenen Woche erhielt die Aktie positive Bewertungen. So bestätigte JP Morgan seine Einstufung „Overweight“ und hob sein bisheriges Kursziel von 120 auf 125 US Dollar an.
Von der Deutschen Bank gab es eine Hochstufung. Hatte die Bank bisher ein Halten empfohlen, rät sie jetzt zum Kauf der Baidu- Aktie. Gleichzeitig setzte sie ihr Kursziel von 100 auf 139 US Dollar nach oben.
Am vergangenen Freitag verließ die Aktie den Handel an der US- Börse mit einem leichten Verlust von 0,69 Prozent auf 117,68 US Dollar.
Baidu ist Teil des CHINA INTERNET SOLACTIVE PERFORMANCE INDEX ZERTIFIKAT mit der WKN DB2CNT
Wertpapiere des Artikels:
Baidu Sp ADR-A
Catch Baidu while you can
China's online ad market is projected to see major growth by 2014, and the online shopping market is just getting started.
By Jim J. Jubak on Mon, Feb 7, 2011 4:25 PM
Jim JubakDoing some catch-up on this stock. I added Baidu (BIDU) to the Jubak Picks 50 long-term portfolio on Jan. 18, but this is the first time I've had an opportunity to explain why in detail or to actually add it to the portfolio. I’ll be working on explaining the other sells and buys announced on Jan. 18 over the next week or so.
It was a great quarter for Baidu, and I certainly like the way the operator of China’s most popular search engine has made hay from Google's (GOOG) problems in China. Looking forward, I think growth will continue at the current torrid pace but margins are likely to fall as Baidu expands into new markets and as competitors try to take market share in search.
For the fourth quarter, announced Jan. 31, Baidu reported that sales increased 94% (to 2.45 billion yuan or $372 million) from the fourth quarter of 2009. Net income more than doubled to 1.16 billion yuan ($176 million) from 428 million yuan in the fourth quarter of 2009.
Post continues after video:
For the first quarter of 2011, Baidu projected that revenue would range from 2.38 billion to 2.45 billion. That would be essentially flat with fourth-quarter revenue. But the forecast is an increase from the 2.3 billion yuan consensus among the analysts who follow the company, and year-to-year growth would climb to 84.5% from the first quarter of 2010. That would be enough to keep the company’s record of accelerating growth intact since year-to-year growth in the first quarter of 2010 was just 59.6% from the first quarter of 2009.
Baidu’s market share in search grew to 75.5% from 73% in the third quarter of 2010. Google’s share dropped to 19.6% from 21.6%, according to Analysys International. Google moved its Chinese search business offshore in 2010 to avoid the Chinese government’s Internet censorship efforts.
The company did see attrition in the number of small clients, which led to a slowdown in the sequential growth of active accounts to just 1.5% from the third quarter. The company said that much of this attrition was a result of the complexity of Baidu’s new Phoenix Nest advertising platform.
This year looks to be an "interesting" one for Baidu. The company will continue to add
The online ad market is projected to grow from an estimated $3.7 billion in 2010 to $9.5 billion by 2014.
And the online shopping market is just getting rolling. The number of Chinese consumers who had bought online rose to 33% from 28% in the last six months, but the 33% of Chinese who shop online is still only about half the global average.
It’s the investments to exploit and defend those opportunities that will make a dent in Baidu’s margins in 2011. The company is moving into new businesses, including online video, and is looking to add more social networking services and to increase its market share in e-commerce. Baidu’s effort in social networking will put the company into competition with Tencent Holdings (TCEHY), China’s largest Internet company. In e-commerce Baidu will be going up against Alibaba, the leading local e-commerce company and a raft of new competitors in the space.
Competitors are also looking to grab share in the search space from Baidu. New search efforts such as Soso from Tencent, Sogoiu from Sohu, and Etao from Taobao will likely force Baidu to spend more on acquiring search traffic.
The stock is up 18% since I gave it a thumbs-up "buy" on Dec. 21. If you hold, I’d continue to hold. If you don’t yet own the shares, I’d look for a dip to give you a buying opportunity like that in December. But it’s my belief in the long-term Internet growth trend in China that has made me add Baidu to the long-term Jubak Picks 50 portfolio.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned. The fund did own shares of Baidu as of the end of December. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.
More from MoneyShow.com:
China's online ad market is projected to see major growth by 2014, and the online shopping market is just getting started.
By Jim J. Jubak on Mon, Feb 7, 2011 4:25 PM
Jim JubakDoing some catch-up on this stock. I added Baidu (BIDU) to the Jubak Picks 50 long-term portfolio on Jan. 18, but this is the first time I've had an opportunity to explain why in detail or to actually add it to the portfolio. I’ll be working on explaining the other sells and buys announced on Jan. 18 over the next week or so.
It was a great quarter for Baidu, and I certainly like the way the operator of China’s most popular search engine has made hay from Google's (GOOG) problems in China. Looking forward, I think growth will continue at the current torrid pace but margins are likely to fall as Baidu expands into new markets and as competitors try to take market share in search.
For the fourth quarter, announced Jan. 31, Baidu reported that sales increased 94% (to 2.45 billion yuan or $372 million) from the fourth quarter of 2009. Net income more than doubled to 1.16 billion yuan ($176 million) from 428 million yuan in the fourth quarter of 2009.
Post continues after video:
For the first quarter of 2011, Baidu projected that revenue would range from 2.38 billion to 2.45 billion. That would be essentially flat with fourth-quarter revenue. But the forecast is an increase from the 2.3 billion yuan consensus among the analysts who follow the company, and year-to-year growth would climb to 84.5% from the first quarter of 2010. That would be enough to keep the company’s record of accelerating growth intact since year-to-year growth in the first quarter of 2010 was just 59.6% from the first quarter of 2009.
Baidu’s market share in search grew to 75.5% from 73% in the third quarter of 2010. Google’s share dropped to 19.6% from 21.6%, according to Analysys International. Google moved its Chinese search business offshore in 2010 to avoid the Chinese government’s Internet censorship efforts.
The company did see attrition in the number of small clients, which led to a slowdown in the sequential growth of active accounts to just 1.5% from the third quarter. The company said that much of this attrition was a result of the complexity of Baidu’s new Phoenix Nest advertising platform.
This year looks to be an "interesting" one for Baidu. The company will continue to add
The online ad market is projected to grow from an estimated $3.7 billion in 2010 to $9.5 billion by 2014.
And the online shopping market is just getting rolling. The number of Chinese consumers who had bought online rose to 33% from 28% in the last six months, but the 33% of Chinese who shop online is still only about half the global average.
It’s the investments to exploit and defend those opportunities that will make a dent in Baidu’s margins in 2011. The company is moving into new businesses, including online video, and is looking to add more social networking services and to increase its market share in e-commerce. Baidu’s effort in social networking will put the company into competition with Tencent Holdings (TCEHY), China’s largest Internet company. In e-commerce Baidu will be going up against Alibaba, the leading local e-commerce company and a raft of new competitors in the space.
Competitors are also looking to grab share in the search space from Baidu. New search efforts such as Soso from Tencent, Sogoiu from Sohu, and Etao from Taobao will likely force Baidu to spend more on acquiring search traffic.
The stock is up 18% since I gave it a thumbs-up "buy" on Dec. 21. If you hold, I’d continue to hold. If you don’t yet own the shares, I’d look for a dip to give you a buying opportunity like that in December. But it’s my belief in the long-term Internet growth trend in China that has made me add Baidu to the long-term Jubak Picks 50 portfolio.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned. The fund did own shares of Baidu as of the end of December. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.
More from MoneyShow.com:
Bisher bietet keiner mehr:
09.02.2011
HSBC Upgrades Baidu (BIDU) to Overweight, Raises Price Target to $158
An analyst at London's HSBC upgraded shares of Baidu (NASDAQ: BIDU) from Neutral to Overweight ...
Streetinsider.com
ja, welche Meldung ist denn nun richtig?
09.02.2011 13:25
HSBC stuft Baidu.com von neutral auf overweight. Kursziel $118.
HSBC stuft Baidu.com von neutral auf overweight. Kursziel $118.
(© BörseGo AG 2011 - Autor: Tobias Krieg, Redakteur)
09.02.2011
HSBC Upgrades Baidu (BIDU) to Overweight, Raises Price Target to $158
An analyst at London's HSBC upgraded shares of Baidu (NASDAQ: BIDU) from Neutral to Overweight ...
Streetinsider.com
ja, welche Meldung ist denn nun richtig?
09.02.2011 13:25
HSBC stuft Baidu.com von neutral auf overweight. Kursziel $118.
HSBC stuft Baidu.com von neutral auf overweight. Kursziel $118.
(© BörseGo AG 2011 - Autor: Tobias Krieg, Redakteur)
www.emerging-markets-trader.de
Top-Story - & Wirtschaftsnews - von heute 08:59
Facebook rückt an China heran, Hongkonger Niederlassung wird eröffnet
Hongkong 09.02.2011 (www.emfis.com) Das US- Sozialnetzwerk Facebook rückt näher an China heran.
Wie die IT- Seite asiamediajournal.com berichtet, hat Facebook heute die Eröffnung seiner Niederlassung in Hongkong bekannt gegeben.
Es wäre damit nach Singapur die zweite Vertriebsniederlassung in Asien und soll auch den Bereich Taiwan mit abdecken.
Das Unternehmen arbeitet bereits mit großen Marken in Asien zusammen. Dazu gehören unter anderem die Hongkonger Unternehmen Hutchison Telecom, Hong Kong Holdings Ltd und Wyeth.
Mit Hilfe und dem Know How der Unternehmen, baut ein Team vor Ort das Geschäft auf, um deren Marketing-Kampagnen auf Facebook zu platzieren.
Millionen von Menschen in Hongkong und Taiwan, welche sich täglich auf Facebook bewegen, sind ein großes Potential für Unternehmen. So bietet Facebook eine leistungsstarke Kombination aus Reichweite und Engagement für Werbekunden an, so Blake Chandlee, VP & Commercial Director für Asia Pazifik, Lateinamerika und den Emerging Markets.
Inzwischen arbeitet das IT- Unternehmen mit den weltweit größten Vermarktern und Marken zusammen. Mehr als 80 der Top 100 Kunden in den USA werben auf Facebook. Derzeit hat das Vertriebsteam Niederlassungen in den USA, Kanada, Australien, Großbritannien, Frankreich, Deutschland, Spanien, Italien, Schweden und Singapur.
Wie Jayne Leung, künftige Verkaufschefin in Hongkong, gegenüber Bloomberg mitteilte, können zukünftig chinesische Unternehmen, die ihre Produkte im Ausland verkaufen wollen, Werbung über Facebook laufen lassen. Bisher hat das Unternehmen noch keine Kunden aus China in seinem direkten Vertrieb, so Leung. Sie war früher bei Google Inc. tätig
Die Eröffnung der Hongkonger Niederlassung steht im Zusammenhang mit dem Besuch des Facebook CEO Mark Zuckerberg im Dezember in China, schreibt Bloomberg. Dort ist die Seite seit 2009 gesperrt.
Zuckerberg hatte Gespräche mit Führungskräften von Internet- Unternehmen geführt, einschließlich der chinesischen Schwergewichte Baidu Inc. und Sina Corp.
Top-Story - & Wirtschaftsnews - von heute 08:59
Facebook rückt an China heran, Hongkonger Niederlassung wird eröffnet
Hongkong 09.02.2011 (www.emfis.com) Das US- Sozialnetzwerk Facebook rückt näher an China heran.
Wie die IT- Seite asiamediajournal.com berichtet, hat Facebook heute die Eröffnung seiner Niederlassung in Hongkong bekannt gegeben.
Es wäre damit nach Singapur die zweite Vertriebsniederlassung in Asien und soll auch den Bereich Taiwan mit abdecken.
Das Unternehmen arbeitet bereits mit großen Marken in Asien zusammen. Dazu gehören unter anderem die Hongkonger Unternehmen Hutchison Telecom, Hong Kong Holdings Ltd und Wyeth.
Mit Hilfe und dem Know How der Unternehmen, baut ein Team vor Ort das Geschäft auf, um deren Marketing-Kampagnen auf Facebook zu platzieren.
Millionen von Menschen in Hongkong und Taiwan, welche sich täglich auf Facebook bewegen, sind ein großes Potential für Unternehmen. So bietet Facebook eine leistungsstarke Kombination aus Reichweite und Engagement für Werbekunden an, so Blake Chandlee, VP & Commercial Director für Asia Pazifik, Lateinamerika und den Emerging Markets.
Inzwischen arbeitet das IT- Unternehmen mit den weltweit größten Vermarktern und Marken zusammen. Mehr als 80 der Top 100 Kunden in den USA werben auf Facebook. Derzeit hat das Vertriebsteam Niederlassungen in den USA, Kanada, Australien, Großbritannien, Frankreich, Deutschland, Spanien, Italien, Schweden und Singapur.
Wie Jayne Leung, künftige Verkaufschefin in Hongkong, gegenüber Bloomberg mitteilte, können zukünftig chinesische Unternehmen, die ihre Produkte im Ausland verkaufen wollen, Werbung über Facebook laufen lassen. Bisher hat das Unternehmen noch keine Kunden aus China in seinem direkten Vertrieb, so Leung. Sie war früher bei Google Inc. tätig
Die Eröffnung der Hongkonger Niederlassung steht im Zusammenhang mit dem Besuch des Facebook CEO Mark Zuckerberg im Dezember in China, schreibt Bloomberg. Dort ist die Seite seit 2009 gesperrt.
Zuckerberg hatte Gespräche mit Führungskräften von Internet- Unternehmen geführt, einschließlich der chinesischen Schwergewichte Baidu Inc. und Sina Corp.
Antwort auf Beitrag Nr.: 41.009.962 von paulmc am 09.02.11 14:46:28Moin, paulmc,
Da bist Du um S..kh..r..b..ite schneller gewesen als ich. Man kann halt nicht immer der
Erste sein.
Also die 158,-- US-$ scheinen zu stimmen.
Die Punkte habe ich mal gesetzt, weil das voll ausgeschriebene Wort nicht so recht
satisfaktionsfähig ist und da ich ja auch nicht erkennen kann, wes Geschlecht Du bist, ob
nun male oder female. Ich mag ja niemanden kompromitieren.
Mal schaun, wie es mit Baidu heute so recht voreinander geht. Die US-Futures sind bisher
im negativen Terrain. Kein schlechter Nährboden dafür, daß die Investoren sich den US-Titeln fernhalten, und auf unsere Hochstufung reagieren.
Gruß Karlll
Da bist Du um S..kh..r..b..ite schneller gewesen als ich. Man kann halt nicht immer der
Erste sein.
Also die 158,-- US-$ scheinen zu stimmen.
Die Punkte habe ich mal gesetzt, weil das voll ausgeschriebene Wort nicht so recht
satisfaktionsfähig ist und da ich ja auch nicht erkennen kann, wes Geschlecht Du bist, ob
nun male oder female. Ich mag ja niemanden kompromitieren.
Mal schaun, wie es mit Baidu heute so recht voreinander geht. Die US-Futures sind bisher
im negativen Terrain. Kein schlechter Nährboden dafür, daß die Investoren sich den US-Titeln fernhalten, und auf unsere Hochstufung reagieren.
Gruß Karlll
February 10, 2011
Digital East Asia » Blog Archive » Baidu Looks to
Become a Social Networking Leader in China;
Showdown with Rival, Tencent, and Others
Posted: February 10th,2011 | By: doug.herman
Baidu.com, Inc. (NASDAQ: BIDU), the largest Chinese search engine in the world,
announced that it will develop its social networking business in order to provide more
services for users. The foray into the high-growth digital industry will put it into more
direct competition with its corporate rival Tencent Holdings Limited (HKG: 0700 |
(ADR) PINK: TCEHY), China’s largest Internet company, as well as some independent
companies such as Renren.com and Kaixin001.com.
Robin Li, Baidu’s CEO acknowledged the need for his company to start looking beyond
its primary revenue stream from the search business. He described the social
networking market as “extremely huge” and explained that Baidu would launch
comparable social networking services to those offered by competitors like Tencent.
Baidu’s plans to expand its social networking offerings comes as a recent article on
Businessweek describes the significance of the industry’s future and the expectation
that some private social net companies will likely IPO in the next year.
“Renren.com leads China’s surging social-networking market
with more than 160 million registered users, according to
Analysys International in Beijing. Competitor Kaixin001.com has more than
93 million. Their edge over billionaire Mark Zuckerberg’s service: a
government that blocks Facebook access.”
“With Facebook’s valuation topping $63 billion, Renren and peers may be
the next investment opportunities in a market with more Internet users
than the combined populations of the U.S. and Japan. Those sites and
competitors Tencent Holdings Ltd. and Baidu Inc. have room to grow as
the online advertising market is projected to triple to almost $13 billion by
2014.”
– Select excerpts from “Race to Be China’s Facebook Pits Renren Against
Tencent, Baidu“, Businessweek.com
In addition to expanding Baidu’s social networking business, Li also disclosed plans to
spin off the company’s online video joint venture, Qiyi.com, which was launched
almost one year ago and has grown to over 100 million users. No other details about
the split were provided.
Digital East Asia » Blog Archive » Baidu Looks to
Become a Social Networking Leader in China;
Showdown with Rival, Tencent, and Others
Posted: February 10th,2011 | By: doug.herman
Baidu.com, Inc. (NASDAQ: BIDU), the largest Chinese search engine in the world,
announced that it will develop its social networking business in order to provide more
services for users. The foray into the high-growth digital industry will put it into more
direct competition with its corporate rival Tencent Holdings Limited (HKG: 0700 |
(ADR) PINK: TCEHY), China’s largest Internet company, as well as some independent
companies such as Renren.com and Kaixin001.com.
Robin Li, Baidu’s CEO acknowledged the need for his company to start looking beyond
its primary revenue stream from the search business. He described the social
networking market as “extremely huge” and explained that Baidu would launch
comparable social networking services to those offered by competitors like Tencent.
Baidu’s plans to expand its social networking offerings comes as a recent article on
Businessweek describes the significance of the industry’s future and the expectation
that some private social net companies will likely IPO in the next year.
“Renren.com leads China’s surging social-networking market
with more than 160 million registered users, according to
Analysys International in Beijing. Competitor Kaixin001.com has more than
93 million. Their edge over billionaire Mark Zuckerberg’s service: a
government that blocks Facebook access.”
“With Facebook’s valuation topping $63 billion, Renren and peers may be
the next investment opportunities in a market with more Internet users
than the combined populations of the U.S. and Japan. Those sites and
competitors Tencent Holdings Ltd. and Baidu Inc. have room to grow as
the online advertising market is projected to triple to almost $13 billion by
2014.”
– Select excerpts from “Race to Be China’s Facebook Pits Renren Against
Tencent, Baidu“, Businessweek.com
In addition to expanding Baidu’s social networking business, Li also disclosed plans to
spin off the company’s online video joint venture, Qiyi.com, which was launched
almost one year ago and has grown to over 100 million users. No other details about
the split were provided.
ES GIBT KEIN ZURÜCK MEHR
Antwort auf Beitrag Nr.: 41.021.182 von mann337 am 10.02.11 23:28:34Wohin willst Du denn zurück, mann?
Bin heute eingestiegen nach dem ich alle Beiträge gelesen und mir den Wert angesehen habe.Meine Meinung,es ist noch nicht zu spät,um dabei zu sein.Schade,daß ich erst jetzt auf diesen Wert aufmerksam geworden bin.Wünsche allen ivestierten weiter viel Erfolg.Danke, für die guten Beiträge.
Antwort auf Beitrag Nr.: 41.021.264 von Karlll am 10.02.11 23:58:58...anscheinend gibt es kein halten mehr. Ich habe aber dennoch meinen Call heute verkauft. Bin mit meinen 30% zufrieden, die Vola ist extrem. Es kann wahrscheinlich noch weiter hoch gehen ( hab ja immer so ein Glück, wenn ich verkauft habe )
Dennoch tendiere ich eher dazu, dass sich der Kurs etwas erschöpfen wird, um dann wieder neue Fahrt auf zu nehmen. Meist kommen Kurse wieder zurück, bis das Gap geschlossen ist. Hab von Charttechnik aber keine Ahnung. Bin aber vorsichtshalber mal outside
Karlll, ich lese schon länger Deine Beitrage mit, wir haben auch einige gemeinsame
Werte unter Beobachtung. Wie ist Deine Meinung über das Unternehmen *** Woulfe Mining ***
Gruß BC
Dennoch tendiere ich eher dazu, dass sich der Kurs etwas erschöpfen wird, um dann wieder neue Fahrt auf zu nehmen. Meist kommen Kurse wieder zurück, bis das Gap geschlossen ist. Hab von Charttechnik aber keine Ahnung. Bin aber vorsichtshalber mal outside
Karlll, ich lese schon länger Deine Beitrage mit, wir haben auch einige gemeinsame
Werte unter Beobachtung. Wie ist Deine Meinung über das Unternehmen *** Woulfe Mining ***
Gruß BC
Antwort auf Beitrag Nr.: 41.023.349 von Boersenclown am 11.02.11 11:47:00Moin, clown,
Du willst es mir nachsehen, wenn ich zu diesem Titel kein Statement abgebe. Müste mich
dort einlesen, habe wenig Zeit und würde doch nur eine Momentaufnahme liefern.
Kann Dir aber 2 Threads ans Herz legen, und wenn Du geneigt bist, magst Du investieren.
Für mich die Bringer der Zukunft, aber ich sehe, daß Du evtl. noch keine mehrjährige
Börsenerfahrung hast. Und daher vermag ich nicht zusagen, ob die Weltbörsen nicht schon
morgen den finalen Crash vorbereiten. Dann werden natürlich unsisono alle Werte auf Tal-
fahrt geschickt.
Bei den wahrhaft guten Titeln gibt es meist keine tausende von Beiträgen. Dafür hoffen
und bangen dort viele, wo es zehntausende an Beiträgen gibt.
Bild Dir Deine Meinung:
http://www.wallstreet-online.de/diskussion/1149767-431-440/p…
http://www.wallstreet-online.de/diskussion/1150649-101-110/l…
Gruß Karlll
Du willst es mir nachsehen, wenn ich zu diesem Titel kein Statement abgebe. Müste mich
dort einlesen, habe wenig Zeit und würde doch nur eine Momentaufnahme liefern.
Kann Dir aber 2 Threads ans Herz legen, und wenn Du geneigt bist, magst Du investieren.
Für mich die Bringer der Zukunft, aber ich sehe, daß Du evtl. noch keine mehrjährige
Börsenerfahrung hast. Und daher vermag ich nicht zusagen, ob die Weltbörsen nicht schon
morgen den finalen Crash vorbereiten. Dann werden natürlich unsisono alle Werte auf Tal-
fahrt geschickt.
Bei den wahrhaft guten Titeln gibt es meist keine tausende von Beiträgen. Dafür hoffen
und bangen dort viele, wo es zehntausende an Beiträgen gibt.
Bild Dir Deine Meinung:
http://www.wallstreet-online.de/diskussion/1149767-431-440/p…
http://www.wallstreet-online.de/diskussion/1150649-101-110/l…
Gruß Karlll
Antwort auf Beitrag Nr.: 41.023.706 von Karlll am 11.02.11 12:30:12Servus Karlll,
vielen Dank für Deine schnelle Antwort. So wie ich das sehe, investierst Du mehr in die Technologie. Nein, das wäre für Dich doch zu viel Arbeit, wenn Du hier auch noch eine Fundamentalanalyse vorlegen solltest. Das kann ich ja schon verstehen.
Die Beiden Unternehmen werde ich mir mal genauer ansehen, dass braucht was Zeit. Du hast Beide bestimmt schon ganz günstig bekommen, sind jetzt schon ziemlich gelaufen.
Gruß BC
vielen Dank für Deine schnelle Antwort. So wie ich das sehe, investierst Du mehr in die Technologie. Nein, das wäre für Dich doch zu viel Arbeit, wenn Du hier auch noch eine Fundamentalanalyse vorlegen solltest. Das kann ich ja schon verstehen.
Die Beiden Unternehmen werde ich mir mal genauer ansehen, dass braucht was Zeit. Du hast Beide bestimmt schon ganz günstig bekommen, sind jetzt schon ziemlich gelaufen.
Gruß BC
Antwort auf Beitrag Nr.: 41.023.200 von fuger48 am 11.02.11 11:25:32 Gibts mehr zu sagennein,daß Baby ist ein Traum.
@alleun schönes WE.
Gibts mehr zu sagennein,daß Baby ist ein Traum.
@alleun schönes WE.
Antwort auf Beitrag Nr.: 41.027.071 von fuger48 am 11.02.11 18:53:06Mußt natürlich, wenn Du aktuell eingestiegen bist, den Rücksetzer mit einkalkulieren.
Wir werden jüngst sicher noch Preise sehen, die auch unter diesem Level liegen, was aber
die Substanz von Baidu nicht schmälert, sondern einige Leutchen nehmen halt erstmal
wieder Geld vom Tisch.
Gruß Karlll
Wir werden jüngst sicher noch Preise sehen, die auch unter diesem Level liegen, was aber
die Substanz von Baidu nicht schmälert, sondern einige Leutchen nehmen halt erstmal
wieder Geld vom Tisch.
Gruß Karlll
eine wahre Perle, mehr ist nicht zu sagen
seit Emmision 956 %
Baidu Impresses Analysts, But Valuation Starting to Look Rich?
by: Alacra Pulse Check Blog February 11, 2011
By Sheena Lee
Baidu (BIDU) last week posted earnings that more than doubled, leading many analysts to boost their price targets. However, some see the stock as overvalued, resulting in a wide range of targets. As China’s largest search engine, the company has gained steady market share, beating out foreign competitors like Google (GOOG), which has struggled with censorship rules in the country.
The median price based on the most recent 12-month targets of 23 sell-side and independent analysts tracked by Alacra Pulse is $135, up from $115 since our October prognosis. The mean target of $131.35 is 6.8% higher than Wednesday’s closing price of $123.01. Of these analysts, 17 are positive, three are neutral and three are negative.
Current 12-month price targets of selected sell-side and independent analysts.
Independent analysts rarely have the highest target price, but in this case Scott Kessler of Standard & Poor’s leads the pack with a $160 target and a Buy recommendation. “We think a premium is warranted, given what we perceive as BIDU’s entrenched category leadership and related ‘network effects,’ recent excellent execution (in our view), and a large and flexible balance sheet,” he wrote.
Among sell-side analysts, HSBC’s Tucker Grinnan upgraded Baidu to Overweight from Neutral and raised his 12-month target forecast to $158 from $116, saying “Baidu is and will remain the most profitable, lowest-risk blue chip Internet play in China.”
Macquarie Research analyst Jiong Shao initiated coverage of China’s top search engine last week with an Outperform rating and a price target of $145 on the firm, while Stifel Nicolaus analyst George Askew reiterated his Buy rating and $144 price target.
Kaufman Bros. analyst Mayuresh Masurekar increased his price target on Buy-rated Baidu to $142 from $118. Active advertisers grew 24% year-on-year and average revenue per customer grew 62% year-on-year, said Masurekar.
ThinkEquity analyst Aaron Kessler repeated his Buy rating on the Internet search firm and raised his price target to $135 from $130. Pacific Crest Securities analyst Steve Weinstein maintained an Outperform rating and $140 price target.
JP Morgan analyst Dick Wei kept his Overweight rating on Baidu and upped the firm’s stock target to $125 from $120. Deutsche Bank’s Alan Hellawell upgraded Baidu to Buy from Hold, and raised his target to $139 from $100.
Mizuho analysts initiated coverage of Baidu at a Buy with a $130 price target.
Baidu said that it is anticipating more spending by advertisers in the next quarter and that it is stepping up expansion into new businesses, including online video and e-commerce.
“The migration to Baidu from Google will continue this year, albeit at a reduced pace,” said Guotai Junan Securities analyst Jake Li, who rates Baidu shares at Accumulate. The company is bolstering its services, such as social networking and wireless search, he said.
Baidu’s CEO Robin Li told analysts and investors that social search products represent a significant portion of the company’s total traffic and it continues to grow at a rapid speed.
Motley Fool’s Rick Aristotle Munarriz said Baidu gained market share in 2010 at Google’s expense, and that “the year ahead won’t be as rich in low-lying fruit.” Analysts see revenue and earnings growing by a little better than 60% in 2011, justifying Baidu’s lofty price tag, said Munarriz. “Then again, seeing the way Wall Street routinely underestimates Baidu’s earnings power, the dot-com speedster may be even cheaper than you think.”
However, China’s internet landscape is seeing intensifying competition as other names like Sohu.com (SOHU), Alibaba Group (ALBCF.PK) and Tencent Holdings (TCEHY.PK) hope to take market share from leading player Baidu.
Leading the skeptics are Wallace Cheung of Credit Suisse, with a target of $85.20 and an Underperform rating. “Trading at 40x 2011 PER and 1.5x PEG, Baidu is not attractive in our view as new business has not materialized," he wrote. And Wendy Huang of RBS is “not sure Baidu can replicate Google’s historical high growth.” She reiterated a Sell recommendation while raising her target to $95 from $85.
Source: Alacra Pulse, Shanghai Daily, Bloomberg, Motley Fool, Street Insider, Reuters, China Analyst.
by: Alacra Pulse Check Blog February 11, 2011
By Sheena Lee
Baidu (BIDU) last week posted earnings that more than doubled, leading many analysts to boost their price targets. However, some see the stock as overvalued, resulting in a wide range of targets. As China’s largest search engine, the company has gained steady market share, beating out foreign competitors like Google (GOOG), which has struggled with censorship rules in the country.
The median price based on the most recent 12-month targets of 23 sell-side and independent analysts tracked by Alacra Pulse is $135, up from $115 since our October prognosis. The mean target of $131.35 is 6.8% higher than Wednesday’s closing price of $123.01. Of these analysts, 17 are positive, three are neutral and three are negative.
Current 12-month price targets of selected sell-side and independent analysts.
Independent analysts rarely have the highest target price, but in this case Scott Kessler of Standard & Poor’s leads the pack with a $160 target and a Buy recommendation. “We think a premium is warranted, given what we perceive as BIDU’s entrenched category leadership and related ‘network effects,’ recent excellent execution (in our view), and a large and flexible balance sheet,” he wrote.
Among sell-side analysts, HSBC’s Tucker Grinnan upgraded Baidu to Overweight from Neutral and raised his 12-month target forecast to $158 from $116, saying “Baidu is and will remain the most profitable, lowest-risk blue chip Internet play in China.”
Macquarie Research analyst Jiong Shao initiated coverage of China’s top search engine last week with an Outperform rating and a price target of $145 on the firm, while Stifel Nicolaus analyst George Askew reiterated his Buy rating and $144 price target.
Kaufman Bros. analyst Mayuresh Masurekar increased his price target on Buy-rated Baidu to $142 from $118. Active advertisers grew 24% year-on-year and average revenue per customer grew 62% year-on-year, said Masurekar.
ThinkEquity analyst Aaron Kessler repeated his Buy rating on the Internet search firm and raised his price target to $135 from $130. Pacific Crest Securities analyst Steve Weinstein maintained an Outperform rating and $140 price target.
JP Morgan analyst Dick Wei kept his Overweight rating on Baidu and upped the firm’s stock target to $125 from $120. Deutsche Bank’s Alan Hellawell upgraded Baidu to Buy from Hold, and raised his target to $139 from $100.
Mizuho analysts initiated coverage of Baidu at a Buy with a $130 price target.
Baidu said that it is anticipating more spending by advertisers in the next quarter and that it is stepping up expansion into new businesses, including online video and e-commerce.
“The migration to Baidu from Google will continue this year, albeit at a reduced pace,” said Guotai Junan Securities analyst Jake Li, who rates Baidu shares at Accumulate. The company is bolstering its services, such as social networking and wireless search, he said.
Baidu’s CEO Robin Li told analysts and investors that social search products represent a significant portion of the company’s total traffic and it continues to grow at a rapid speed.
Motley Fool’s Rick Aristotle Munarriz said Baidu gained market share in 2010 at Google’s expense, and that “the year ahead won’t be as rich in low-lying fruit.” Analysts see revenue and earnings growing by a little better than 60% in 2011, justifying Baidu’s lofty price tag, said Munarriz. “Then again, seeing the way Wall Street routinely underestimates Baidu’s earnings power, the dot-com speedster may be even cheaper than you think.”
However, China’s internet landscape is seeing intensifying competition as other names like Sohu.com (SOHU), Alibaba Group (ALBCF.PK) and Tencent Holdings (TCEHY.PK) hope to take market share from leading player Baidu.
Leading the skeptics are Wallace Cheung of Credit Suisse, with a target of $85.20 and an Underperform rating. “Trading at 40x 2011 PER and 1.5x PEG, Baidu is not attractive in our view as new business has not materialized," he wrote. And Wendy Huang of RBS is “not sure Baidu can replicate Google’s historical high growth.” She reiterated a Sell recommendation while raising her target to $95 from $85.
Source: Alacra Pulse, Shanghai Daily, Bloomberg, Motley Fool, Street Insider, Reuters, China Analyst.
Antwort auf Beitrag Nr.: 41.027.140 von Karlll am 11.02.11 19:03:03Guten Morgen!Ja klar,Rücksetzer hat es und wird es immer geben,ich nutze sie für mich.
Ach ja,Du bist BJ.55,ich BJ.54.Bin auch seit vielen Jahren an der Börse.Habe den Neuen Markt mitgemacht,mir auch die Finger verbrannt.
Mein bester Deal war OS 725184 Stada.War der einzige OS den ich je gekauft habe.Viel Erfolg weiterhin
Gruß
Ach ja,Du bist BJ.55,ich BJ.54.Bin auch seit vielen Jahren an der Börse.Habe den Neuen Markt mitgemacht,mir auch die Finger verbrannt.
Mein bester Deal war OS 725184 Stada.War der einzige OS den ich je gekauft habe.Viel Erfolg weiterhinGruß
Antwort auf Beitrag Nr.: 41.027.207 von mann337 am 11.02.11 19:11:28Hey mann337,bist wieder dabei ,oder nur Beobachter?
Gruß.
,oder nur Beobachter?Gruß.
Antwort auf Beitrag Nr.: 41.028.679 von fuger48 am 12.02.11 08:41:01hi
immer noch nur Beobachter
und das seit der "Geburt" und diese Aktie ist halt eine Perle - halt die Asiatische Google
immer noch nur Beobachter
und das seit der "Geburt" und diese Aktie ist halt eine Perle - halt die Asiatische Google
Provideo Financial Analyst Suggests Chinese Internet Market Sectors To Watch In
2011
China’s internet population has become the largest single market in the world, and there are vast opportunities for both
businesses and investors. As proven by companies like Baidu.com (NASDAQ: BIDU) the Chinese internet market can
yield impressive returns. The Chinese internet search giant’s stock has nearly doubled in the past 6 months and gone
from $12 per share 2 years ago to over $120 today.
China’s internet industry today is the largest in the world and as well as one of the fastest growing. Baidu.com’s continued
success is evidence of this fact. In 2011 there will be plenty of industries and companies to watch that will take
advantage of the opportunities offered by the Chinese internet market’s boom.
Baidu’s online video company Qiyu is looking to make significant progress throughout 2011 and will likely be aiming at an
IPO sometime in 2012. According to Lee Jacobs, an analyst at Provideo Financial in Hong Kong, online video sites in
China will be a hot sector to watch over the next 24 months. “Much like the online video stocks in the U.S. were the
highlight of 2010 with companies like NetFlix dominating the spotlight, we are looking to companies including Qiyu,
Youku, and Tudou to file IPOs that could return big for investors.”
Social Networking will also be a hot sector to watch this year. Chinese social networking site Ren Ren will likely be the
next Chinese Social Networking IPO. With over 200 million users, and a growing user base, Ren Ren looks poised to
take on competitors in the Chinese market. Facebook also recently announced the opening of a new Hong Kong office.
Whether they intend to make an entry into the Chinese market or only focus on other Asian markets remains to be seen,
but Provideo Financial analysts believe that an attempted entry into the world’s largest market by the world’s dominant
social networking company is likely.
Overall, the Chinese internet market will likely have a very eventful year. Nobody can predict the future, but it is likely that
IPOs and stocks in the internet market sectors will capitalize on imminent online growth in 2011.
PR-USA.net
http:/
2011
China’s internet population has become the largest single market in the world, and there are vast opportunities for both
businesses and investors. As proven by companies like Baidu.com (NASDAQ: BIDU) the Chinese internet market can
yield impressive returns. The Chinese internet search giant’s stock has nearly doubled in the past 6 months and gone
from $12 per share 2 years ago to over $120 today.
China’s internet industry today is the largest in the world and as well as one of the fastest growing. Baidu.com’s continued
success is evidence of this fact. In 2011 there will be plenty of industries and companies to watch that will take
advantage of the opportunities offered by the Chinese internet market’s boom.
Baidu’s online video company Qiyu is looking to make significant progress throughout 2011 and will likely be aiming at an
IPO sometime in 2012. According to Lee Jacobs, an analyst at Provideo Financial in Hong Kong, online video sites in
China will be a hot sector to watch over the next 24 months. “Much like the online video stocks in the U.S. were the
highlight of 2010 with companies like NetFlix dominating the spotlight, we are looking to companies including Qiyu,
Youku, and Tudou to file IPOs that could return big for investors.”
Social Networking will also be a hot sector to watch this year. Chinese social networking site Ren Ren will likely be the
next Chinese Social Networking IPO. With over 200 million users, and a growing user base, Ren Ren looks poised to
take on competitors in the Chinese market. Facebook also recently announced the opening of a new Hong Kong office.
Whether they intend to make an entry into the Chinese market or only focus on other Asian markets remains to be seen,
but Provideo Financial analysts believe that an attempted entry into the world’s largest market by the world’s dominant
social networking company is likely.
Overall, the Chinese internet market will likely have a very eventful year. Nobody can predict the future, but it is likely that
IPOs and stocks in the internet market sectors will capitalize on imminent online growth in 2011.
PR-USA.net
http:/
Nun, mann, hier gibt es Teilnehmer, sehen durchaus noch höhere Kurse als Du.
Baidu Going to $260?
by: Michael Bryant February 15, 2011 | about: BIDU
Baidu (BIDU) is a Chinese search monopoly garnering over 70% of the Chinese search market. And with Google (GOOG) forced out of the Chinese market do to regulation violations, this leaves clear sailing for BIDU.
I agree that at first glance the stock looks pricy. The chart below compares BIDU against Google (GOOG) (click to enlarge images):
Source: Finviz.com
* P/S = Price/Sales
* P/B = Price/Book
* P/C = Price/Cash
* P/FCF = Price/Free cash flow
* EPS next Y = EPS growth next year
* EPS past 5Y = EPS growth last 5 years
* Insider Trans = Insider Transactions
* Sales Q/Q = Sales growth quarter over quarter
* ROA = Return on assets
* ROE = Return on equity
* Curr R = Current ratio, which “measures whether or not a firm has enough resources to pay its debts over the next 12 months.” A ratio of 1.25 means that “for every dollar the company owes it has $1.25 available in current assets.” (Source: Wikipedia)
* Quick R = Quick ratio
* Gross M = Gross margin
* Oper M = Operating margin
* Profit M = Profit margin
BIDU’s PE is 4 times that of Google. Forward PE is 2 times that of Google. However, PEG is about the same as that of Google. Quarter over quarter sales growth is about 4 times that of Google. And return on equity is over twice that of Google. So the pricey share price is compensated by the high growth of BIDU.
Google`s Global Market Share
Since Google is gone from competing with BIDU in China, it seems logical that BIDU will achieve the same or similar market share in China. This leaves another 10% or so of market share growth for BIDU.
And remember, China has about 1/5th of the world population. If China becomes like the US or Japan 50 years from now, which I think it very possible, that leaves a lot more potential growth for BIDU.
Number of Internet-Users
According to the chart above, the percentage of the Chinese population using the internet is still less than half that of the US and Japan. That means BIDU can at least double in share price from its current price of $128.
The graph below shows BIDU could head higher very quickly.
For each graph, top black line is overbought and bottom black line is oversold.
The stock seems to defy all technical indicators, let alone gravity. The MFI, RSI, W%R, and %K and %D are useless in predicting sell signals throughout the last year. As the first purple line illustrates, the stock did not fall when then indicators became overbought. As the second purple line indicates, it fell slightly when the indicators WERE NOT in overbought territory.
Thus, I would dismiss those technicals for now and concentrate on the support and resistance lines. The price is near support and will likely either follow the support line higher of move higher to the resistance line. Either way, it is going higher.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Baidu Going to $260?
by: Michael Bryant February 15, 2011 | about: BIDU
Baidu (BIDU) is a Chinese search monopoly garnering over 70% of the Chinese search market. And with Google (GOOG) forced out of the Chinese market do to regulation violations, this leaves clear sailing for BIDU.
I agree that at first glance the stock looks pricy. The chart below compares BIDU against Google (GOOG) (click to enlarge images):
Source: Finviz.com
* P/S = Price/Sales
* P/B = Price/Book
* P/C = Price/Cash
* P/FCF = Price/Free cash flow
* EPS next Y = EPS growth next year
* EPS past 5Y = EPS growth last 5 years
* Insider Trans = Insider Transactions
* Sales Q/Q = Sales growth quarter over quarter
* ROA = Return on assets
* ROE = Return on equity
* Curr R = Current ratio, which “measures whether or not a firm has enough resources to pay its debts over the next 12 months.” A ratio of 1.25 means that “for every dollar the company owes it has $1.25 available in current assets.” (Source: Wikipedia)
* Quick R = Quick ratio
* Gross M = Gross margin
* Oper M = Operating margin
* Profit M = Profit margin
BIDU’s PE is 4 times that of Google. Forward PE is 2 times that of Google. However, PEG is about the same as that of Google. Quarter over quarter sales growth is about 4 times that of Google. And return on equity is over twice that of Google. So the pricey share price is compensated by the high growth of BIDU.
Google`s Global Market Share
Since Google is gone from competing with BIDU in China, it seems logical that BIDU will achieve the same or similar market share in China. This leaves another 10% or so of market share growth for BIDU.
And remember, China has about 1/5th of the world population. If China becomes like the US or Japan 50 years from now, which I think it very possible, that leaves a lot more potential growth for BIDU.
Number of Internet-Users
According to the chart above, the percentage of the Chinese population using the internet is still less than half that of the US and Japan. That means BIDU can at least double in share price from its current price of $128.
The graph below shows BIDU could head higher very quickly.
For each graph, top black line is overbought and bottom black line is oversold.
The stock seems to defy all technical indicators, let alone gravity. The MFI, RSI, W%R, and %K and %D are useless in predicting sell signals throughout the last year. As the first purple line illustrates, the stock did not fall when then indicators became overbought. As the second purple line indicates, it fell slightly when the indicators WERE NOT in overbought territory.
Thus, I would dismiss those technicals for now and concentrate on the support and resistance lines. The price is near support and will likely either follow the support line higher of move higher to the resistance line. Either way, it is going higher.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Baidu vs. Google: Which Is the Better StockBaidu vs. Google: Which Is the Better Stock?
by: The Balanced Bull February 15, 2011
In a recent article, I pitted Google vs. Apple in a showdown of stock heavyweights with Apple (AAPL) coming out as the winner. Now Google (GOOG) faces off against Chinese rival Baidu (BIDU) to see which search company is the better investment going forward.
Baidu has been on a tear for the past few years, rising from a (split adjusted) price of $12 in early 2009 to its current price of around $128. Meanwhile, Google has had a nice move from around $300 a share in early 2009 to its current price of about $628. The stock remains well below the all-time high of $714 reached in late 2008.
Google Is Growing (Old?)
Source: Karmasnack.com
Google is the clear leader in search with about an 85% share of the global search market, as of February 2011. This dominant position makes Google a financial juggernaut, one that generates more than enough cash to feed its voracious appetite for start-ups and new hires. The questions now are: How much more room is there for Google to grow? And, how will the brain-drain to Facebook and others affect the company going forward?
In the fall of 2010, the release of "Google Instant" provided a one time jump in searches but that effect is now over and priced into shares. Meanwhile the competition from Bing/Yahoo is increasing and Baidu is expanding its ambitions abroad. Google is now left to defend market share against a host of able competitors while searching for growth outside of its core search business.
Luckily the California based company has been working for years to become much more than just a search engine. The Android mobile operating system is growing rapidly and is now the most widely used smartphone OS in the world with over 300k new phones activated every day! The recently announced Honeycomb iteration of the OS could make Android based tablets competitive with the iPad, eventually. These efforts in mobile operating systems are not big money makers for Google but they do position Google to dominate the all important mobile search market.
Google also owns the unquestioned leader in online video, YouTube. It paid a lot for YouTube (about $1.6 billion) and the unit was losing money for a number of years but that has now changed. Google recently disclosed that they are monetizing more than 2 billion YouTube video views per week. Google is also making headway in business apps (google docs) alternative energy (wind, solar and geothermal) and has ambitions in social media as well.
As for the brain-drain at Google, that is not a major concern to me. This is a topic which gets more publicity than is probably warranted and I believe that Google is doing a good job of keeping employees happy, albeit with higher salaries which effect margins. Having Larry Page back leading the company as CEO may make Google 'cool' again in the eyes of employees and young engineering talent.
With all of these positives going for Google, we could expect the shares to be richly valued but shares are trading at only 24 times TTM earnings and 16 times estimated earnings. With 35 billion in cash and revenue growth north of 25% I think shares are going higher and should be bought at these levels ($620's).
Baidu Blossoming
Across the Pacific, Chinese search leader Baidu is posting accelerating revenue and earnings growth while controlling an impressive 75% of the Chinese search market. Efforts to expand overseas have produced mixed results with one bright spot being the success in Japan. Baidu owns less than 4% of the global search market, giving it a long way to go to get close to Google, but also giving it plenty of room to grow.
Baidu is an expensive stock but deservedly so. Trading at about 86 times TTM earnings and about 35 times forward estimates, the valuation is rich but with year over year earnings growth of 171%, the price is justified. Baidu boasts a profit margin of about 44% meaning that a lot of the top line growth falls to the bottom line. With 1.24 billion in cash Baidu is well positioned to acquire new businesses and make investments as it looks to grow into the social media space. The company is also making progress with its online video site Qiyi (think Hulu) which now has over 100 million users.
Shares of Baidu look to be a little bit extended right now (approaching $130) but don't expect any major pullbacks, maybe a retreat to $120 at best. As long as the story remains intact long-term investors should be adding to positions on any dips.
The Google, The Baidu And The Ugly
In January 2010, Google exited China after hackers infiltrated their systems, stealing corporate secrets and compromising GMail accounts. With its new home in Hong Kong, Google still serves up search results to the Chinese but only after they are filtered by the Chinese government. In fact, it is an often overlooked fact that Google still holds about 20% of the search market in China, despite "leaving" China.
While investors are rightly concerned about Google's diminished roll in China I think the situation could play out in Google's favor. By not filtering their search results Google should gain the confidence of the Chinese people and be well positioned if the great firewall of China is ever lifted. Meanwhile Baidu is in full compliance with Beijing's filters, raising questions about the validity of their search results.
The Winner Is?
Even with the uncertainties surrounding the 'regulation' of the Internet in China and despite all the favorable numbers for Google, Baidu is the winner, by a nose. As the Chinese people move online Baidu's search numbers will continue to grow and the company's expansion into new products and markets will add to the growth story.
Google is the safer bet and should prove to be a solid investment for years to come but Baidu is in earlier stages of growth and has a very bright future. For investors willing to take on more risk Baidu could prove to be a big winner over the coming years, even after the big run-up. I own shares of both companies but if given the choice of owning just one I'd choose Baidu.
Readers may be wondering why I own shares of Google if I see both Apple and Baidu as better investments - a valid question. The reason is that the Google story is too compelling to ignore. The momentum and speculation that drove shares of Google to over $700 a few years ago is now being justified by real earnings and cash flows. For conservative investors Google is a great choice with less downside risk.
Baidu is my top pick but Google is not far behind. My 12 month price target for Baidu is $175
Disclosure: I am long BIDU, GOOG, AAPL.
by: The Balanced Bull February 15, 2011
In a recent article, I pitted Google vs. Apple in a showdown of stock heavyweights with Apple (AAPL) coming out as the winner. Now Google (GOOG) faces off against Chinese rival Baidu (BIDU) to see which search company is the better investment going forward.
Baidu has been on a tear for the past few years, rising from a (split adjusted) price of $12 in early 2009 to its current price of around $128. Meanwhile, Google has had a nice move from around $300 a share in early 2009 to its current price of about $628. The stock remains well below the all-time high of $714 reached in late 2008.
Google Is Growing (Old?)
Source: Karmasnack.com
Google is the clear leader in search with about an 85% share of the global search market, as of February 2011. This dominant position makes Google a financial juggernaut, one that generates more than enough cash to feed its voracious appetite for start-ups and new hires. The questions now are: How much more room is there for Google to grow? And, how will the brain-drain to Facebook and others affect the company going forward?
In the fall of 2010, the release of "Google Instant" provided a one time jump in searches but that effect is now over and priced into shares. Meanwhile the competition from Bing/Yahoo is increasing and Baidu is expanding its ambitions abroad. Google is now left to defend market share against a host of able competitors while searching for growth outside of its core search business.
Luckily the California based company has been working for years to become much more than just a search engine. The Android mobile operating system is growing rapidly and is now the most widely used smartphone OS in the world with over 300k new phones activated every day! The recently announced Honeycomb iteration of the OS could make Android based tablets competitive with the iPad, eventually. These efforts in mobile operating systems are not big money makers for Google but they do position Google to dominate the all important mobile search market.
Google also owns the unquestioned leader in online video, YouTube. It paid a lot for YouTube (about $1.6 billion) and the unit was losing money for a number of years but that has now changed. Google recently disclosed that they are monetizing more than 2 billion YouTube video views per week. Google is also making headway in business apps (google docs) alternative energy (wind, solar and geothermal) and has ambitions in social media as well.
As for the brain-drain at Google, that is not a major concern to me. This is a topic which gets more publicity than is probably warranted and I believe that Google is doing a good job of keeping employees happy, albeit with higher salaries which effect margins. Having Larry Page back leading the company as CEO may make Google 'cool' again in the eyes of employees and young engineering talent.
With all of these positives going for Google, we could expect the shares to be richly valued but shares are trading at only 24 times TTM earnings and 16 times estimated earnings. With 35 billion in cash and revenue growth north of 25% I think shares are going higher and should be bought at these levels ($620's).
Baidu Blossoming
Across the Pacific, Chinese search leader Baidu is posting accelerating revenue and earnings growth while controlling an impressive 75% of the Chinese search market. Efforts to expand overseas have produced mixed results with one bright spot being the success in Japan. Baidu owns less than 4% of the global search market, giving it a long way to go to get close to Google, but also giving it plenty of room to grow.
Baidu is an expensive stock but deservedly so. Trading at about 86 times TTM earnings and about 35 times forward estimates, the valuation is rich but with year over year earnings growth of 171%, the price is justified. Baidu boasts a profit margin of about 44% meaning that a lot of the top line growth falls to the bottom line. With 1.24 billion in cash Baidu is well positioned to acquire new businesses and make investments as it looks to grow into the social media space. The company is also making progress with its online video site Qiyi (think Hulu) which now has over 100 million users.
Shares of Baidu look to be a little bit extended right now (approaching $130) but don't expect any major pullbacks, maybe a retreat to $120 at best. As long as the story remains intact long-term investors should be adding to positions on any dips.
The Google, The Baidu And The Ugly
In January 2010, Google exited China after hackers infiltrated their systems, stealing corporate secrets and compromising GMail accounts. With its new home in Hong Kong, Google still serves up search results to the Chinese but only after they are filtered by the Chinese government. In fact, it is an often overlooked fact that Google still holds about 20% of the search market in China, despite "leaving" China.
While investors are rightly concerned about Google's diminished roll in China I think the situation could play out in Google's favor. By not filtering their search results Google should gain the confidence of the Chinese people and be well positioned if the great firewall of China is ever lifted. Meanwhile Baidu is in full compliance with Beijing's filters, raising questions about the validity of their search results.
The Winner Is?
Even with the uncertainties surrounding the 'regulation' of the Internet in China and despite all the favorable numbers for Google, Baidu is the winner, by a nose. As the Chinese people move online Baidu's search numbers will continue to grow and the company's expansion into new products and markets will add to the growth story.
Google is the safer bet and should prove to be a solid investment for years to come but Baidu is in earlier stages of growth and has a very bright future. For investors willing to take on more risk Baidu could prove to be a big winner over the coming years, even after the big run-up. I own shares of both companies but if given the choice of owning just one I'd choose Baidu.
Readers may be wondering why I own shares of Google if I see both Apple and Baidu as better investments - a valid question. The reason is that the Google story is too compelling to ignore. The momentum and speculation that drove shares of Google to over $700 a few years ago is now being justified by real earnings and cash flows. For conservative investors Google is a great choice with less downside risk.
Baidu is my top pick but Google is not far behind. My 12 month price target for Baidu is $175
Disclosure: I am long BIDU, GOOG, AAPL.
China's Baidu Attracts More U.S. Advertisers
By PETE BARLAS, INVESTOR'S BUSINESS DAILY Posted 06:29 PM ET
Featured Stocks
Baidu (BIDU) is catching more of the attention and dollars of U.S.-based advertisers.
China's top online search service is becoming a top priority for U.S. advertisers and search marketers that want a piece of the world's fastest-growing market.
Just ask Matt Lawson, vice president of marketing for Marin Software. The company recently answered the call from a few U.S. ad agencies to develop a software platform that would help them manage search ad programs for their clients that advertise on Baidu. In January, privately held Marin opened offices in Singapore and Shanghai to help online marketers in those markets.
China search leader Baidu is said to be attracting more U.S. advertisers. Imaginechina
China search leader Baidu is said to be attracting more U.S. advertisers. Imaginechina View Enlarged Image
Baidu's search domination of a market with more than 400 million Internet users is too great for advertisers to ignore, Lawson says.
"The folks that brought us there are international marketers, large ad agencies and direct advertisers that have a presence worldwide," he said. "It's really our global marketers and brands that are bringing us to the market."
Baidu, like Google (GOOG) and Microsoft (MSFT)-Yahoo (YHOO), sells text-based ads that show up near search results on its site and partner Web sites. Advertisers pay only when a consumer clicks on an ad.
"Some specific clients said 'we are spending this amount on Baidu today and we would like you to help us become more efficient in managing it,'" Lawson said.
One client is Webtrends.
Last month, Webtrends, an online analytics and marketing services company, began testing search ads on Baidu for two clients that the company declines to name. The two U.S. companies are manufacturers that also sell products directly to clients online. At least one other U.S. company also is preparing to test ads on Baidu.
Many U.S. advertisers have relied on global search leader Google to tap into China's market. But Google has curtailed its search service in China over the government's stringent censorship policies.
Google provides an uncensored search service to users in nearby Hong Kong, but its diminished presence in China has caused some advertisers to reallocate more ad dollars to Baidu, says Denise Tarantino, general manager of Webtrends Ads, a unit of Webtrends.
"The advertisers, if they are starting to develop a customer base (in China), were getting nervous about that because they wanted access to that market," she said.
Baidu is used for about 70% of China's online searches. No. 2 Google's share has fallen to 24% from 33% a year ago.
China ended 2010 with 457 million Internet users, up 19% from 2009, the government says.
Baidu ended Q4 with 276,000 advertisers, up 24% from a year earlier. Most of those are small businesses. During a conference call with analysts on Jan. 31 to discuss its Q4 results Jennifer Li, Baidu's chief financial officer said only about 1,000 of the company's advertisers are large companies.
"The large customer spends hundreds of thousands (of dollars) on average, but there are only 1,000 of them," she said.
Baidu hasn't said how many of its advertisers are U.S.-based companies. But that number almost surely is going to rise, says Scott Kessler, an analyst for Standard & Poor's equity research services.
"People increasingly look at China as a place where there is strong growth and an emerging middle class, so it represents opportunities for multinational firms to target and touch that growing populous," he said.
In the fourth quarter, Baidu's revenue more than doubled to $371.3 million from $184.7 million in Q4 2009. The company's per-share profit, minus items but including stock-based compensation, jumped to 50 cents from 18 cents.
More U.S. companies using software platforms like those provided by Marin could boost Baidu's revenue growth, says Marin's Lawson.
"If you make it easier for advertisers to manage their spending on Baidu," he said, "we think they will ultimately spend more."
By PETE BARLAS, INVESTOR'S BUSINESS DAILY Posted 06:29 PM ET
Featured Stocks
Baidu (BIDU) is catching more of the attention and dollars of U.S.-based advertisers.
China's top online search service is becoming a top priority for U.S. advertisers and search marketers that want a piece of the world's fastest-growing market.
Just ask Matt Lawson, vice president of marketing for Marin Software. The company recently answered the call from a few U.S. ad agencies to develop a software platform that would help them manage search ad programs for their clients that advertise on Baidu. In January, privately held Marin opened offices in Singapore and Shanghai to help online marketers in those markets.
China search leader Baidu is said to be attracting more U.S. advertisers. Imaginechina
China search leader Baidu is said to be attracting more U.S. advertisers. Imaginechina View Enlarged Image
Baidu's search domination of a market with more than 400 million Internet users is too great for advertisers to ignore, Lawson says.
"The folks that brought us there are international marketers, large ad agencies and direct advertisers that have a presence worldwide," he said. "It's really our global marketers and brands that are bringing us to the market."
Baidu, like Google (GOOG) and Microsoft (MSFT)-Yahoo (YHOO), sells text-based ads that show up near search results on its site and partner Web sites. Advertisers pay only when a consumer clicks on an ad.
"Some specific clients said 'we are spending this amount on Baidu today and we would like you to help us become more efficient in managing it,'" Lawson said.
One client is Webtrends.
Last month, Webtrends, an online analytics and marketing services company, began testing search ads on Baidu for two clients that the company declines to name. The two U.S. companies are manufacturers that also sell products directly to clients online. At least one other U.S. company also is preparing to test ads on Baidu.
Many U.S. advertisers have relied on global search leader Google to tap into China's market. But Google has curtailed its search service in China over the government's stringent censorship policies.
Google provides an uncensored search service to users in nearby Hong Kong, but its diminished presence in China has caused some advertisers to reallocate more ad dollars to Baidu, says Denise Tarantino, general manager of Webtrends Ads, a unit of Webtrends.
"The advertisers, if they are starting to develop a customer base (in China), were getting nervous about that because they wanted access to that market," she said.
Baidu is used for about 70% of China's online searches. No. 2 Google's share has fallen to 24% from 33% a year ago.
China ended 2010 with 457 million Internet users, up 19% from 2009, the government says.
Baidu ended Q4 with 276,000 advertisers, up 24% from a year earlier. Most of those are small businesses. During a conference call with analysts on Jan. 31 to discuss its Q4 results Jennifer Li, Baidu's chief financial officer said only about 1,000 of the company's advertisers are large companies.
"The large customer spends hundreds of thousands (of dollars) on average, but there are only 1,000 of them," she said.
Baidu hasn't said how many of its advertisers are U.S.-based companies. But that number almost surely is going to rise, says Scott Kessler, an analyst for Standard & Poor's equity research services.
"People increasingly look at China as a place where there is strong growth and an emerging middle class, so it represents opportunities for multinational firms to target and touch that growing populous," he said.
In the fourth quarter, Baidu's revenue more than doubled to $371.3 million from $184.7 million in Q4 2009. The company's per-share profit, minus items but including stock-based compensation, jumped to 50 cents from 18 cents.
More U.S. companies using software platforms like those provided by Marin could boost Baidu's revenue growth, says Marin's Lawson.
"If you make it easier for advertisers to manage their spending on Baidu," he said, "we think they will ultimately spend more."
Top ten global websites in January: Chinese-language sites growing
Relaxnews
Thursday, 17 February 2011
Facebook was the most visited website throughout the world across the month of January, while the growing presence of Chinese internet users has boosted Chinese-language sites, placing both Baidu and QQ in the top ten, according to Google's Ad Planner.
Ad Planner helps companies track which websites are the most visited within certain demographics in order to help companies target their advertisements. Google itself is excluded from the data results.
The data for the month of January, released this week, shows that across all countries the top two websites were social network Facebook and video sharing service YouTube.
The top two sites in China were search engine baidu.com and instant messaging site qq.com; across all geographical regions these sites ranked sixth and ninth, respectively.
Three other Chinese sites - entertainment portal sina.com.cn, auction site taobao.com and video sharing site youku.com - ranked just outside of the top ten, in 11th, 12th and 13th place, respectively.
The big surprise in the rankings is the absence of online retailer amazon.com. Though the site and its regional subsidiaries appeared in several geographic-specific searches, it was missing from the overall rankings.
According to Google Ad Planner, the top ten sites (excluding Google) ranked by audience reach across all demographics and geographical regions for the month of January are:
01. Facebook (social networking)
02. Youtube (video sharing)
03. Yahoo (search engine/email/news)
04. live.com - Windows Live (email provider, search engine, instant messaging)
05. msn.com (instant messaging)
06. baidu.com (Chinese search engine)
07. blogspot.com (blogging site)
08. microsoft.com (software)
09. qq.com (Chinese language instant messaging)
10. bing.com (search engine)
Daily rankings of the world's biggest sites by internet information company Alexa.com lists, as of February 16, the biggest websites in the world as:
01. Google
02. Facebook
03. YouTube
04. Yahoo
05. Windows Live
06. blogger.com (blogging tool)
07. Wikipedia
08. baidu.com
09. Twitter (micro-blogging site)
10. qq.com
Relaxnews
Thursday, 17 February 2011
Facebook was the most visited website throughout the world across the month of January, while the growing presence of Chinese internet users has boosted Chinese-language sites, placing both Baidu and QQ in the top ten, according to Google's Ad Planner.
Ad Planner helps companies track which websites are the most visited within certain demographics in order to help companies target their advertisements. Google itself is excluded from the data results.
The data for the month of January, released this week, shows that across all countries the top two websites were social network Facebook and video sharing service YouTube.
The top two sites in China were search engine baidu.com and instant messaging site qq.com; across all geographical regions these sites ranked sixth and ninth, respectively.
Three other Chinese sites - entertainment portal sina.com.cn, auction site taobao.com and video sharing site youku.com - ranked just outside of the top ten, in 11th, 12th and 13th place, respectively.
The big surprise in the rankings is the absence of online retailer amazon.com. Though the site and its regional subsidiaries appeared in several geographic-specific searches, it was missing from the overall rankings.
According to Google Ad Planner, the top ten sites (excluding Google) ranked by audience reach across all demographics and geographical regions for the month of January are:
01. Facebook (social networking)
02. Youtube (video sharing)
03. Yahoo (search engine/email/news)
04. live.com - Windows Live (email provider, search engine, instant messaging)
05. msn.com (instant messaging)
06. baidu.com (Chinese search engine)
07. blogspot.com (blogging site)
08. microsoft.com (software)
09. qq.com (Chinese language instant messaging)
10. bing.com (search engine)
Daily rankings of the world's biggest sites by internet information company Alexa.com lists, as of February 16, the biggest websites in the world as:
01. Google
02. Facebook
03. YouTube
04. Yahoo
05. Windows Live
06. blogger.com (blogging tool)
07. Wikipedia
08. baidu.com
09. Twitter (micro-blogging site)
10. qq.com
Börse online:
Boomende Onlinewerbung Baidu ist zu Hause eine Macht
[14:05, 18.02.11]
Von Willi Weber
Die chinesische Suchmaschine Baidu wächst rasant - vor allem auf dem Heimatmarkt. Die Aktie gilt als chancenreich, ist aber teuer. Außerdem birgt sie Risiken.
Fast überall auf der Welt ist Google bei der Internetsuche das Maß aller Dinge. In den USA laufen zwei von drei Suchanfragen über die Online-Supermacht, in Deutschland sind es sogar neun von zehn. In China muss sich die US-Firma jedoch mit einer Statistenrolle begnügen. Dort heißt der Platzhirsch Baidu. Im vierten Quartal 2010 baute die in Peking ansässige Suchmaschine laut dem Marktforschungsinstitut Analysys International ihren Marktanteil auf 75,5 Prozent aus - ein Plus von 1,5 Prozentpunkten gegenüber dem Vorquartal. Googles Quote im Reich der Mitte schrumpfte dagegen um zwei Prozentpunkte auf 19,6 Prozent.
Der Aktie von Baidu hat der Zugewinn an Marktanteilen sichtlich gutgetan und ihren Ruf als Perle unter den Internetwerten gestärkt. Seit Anfang des Jahres ist der Titel im Kurs um knapp 34 Prozent gestiegen.
Dass Baidu auf seinem Heimatmarkt so erfolgreich ist, hat hauptsächlich mit dem Streit zwischen Google und den chinesischen Behörden zu tun. Um überhaupt Suchdienste in der Volksrepublik offerieren zu können, müssen sich die Anbieter verpflichten, staatskritische Treffer herauszufiltern. Während Baidu kein Problem damit hat, leitet Google seit Frühjahr 2010 Suchanfragen vom chinesischen Festland auf das von staatlicher Internetkontrolle kaum betroffene Hongkong um, womit das Chinageschäft des US-Rivalen faktisch auf Eis liegt.
Genau wie Google verdient Baidu sein Geld mit Onlinewerbung. Tippt ein Nutzer einen Suchbegriff ein, erscheinen neben der Trefferliste mehrere zum Suchbegriff passende Textanzeigen. Abgerechnet wird nach der Zahl der Nutzer, die auf die Textanzeige klicken und damit auf die Internetseite des Werbenden gelangen. Dass sich mit dieser Form der Werbung auch in China glänzende Geschäfte machen lassen, zeigen Baidus jüngste Geschäftszahlen. So steigerte die Firma den Umsatz im vergangenen Jahr um 78 Prozent auf umgerechnet 1,2 Mrd. Dollar (884 Mio. Euro). Der Nettogewinn schnellte um 137 Prozent auf 534 Mio. Dollar nach oben.
Das rasante Wachstum der chinesischen Suchmaschine ist auch der Analystenzunft nicht verborgen geblieben. Die Mehrheit der Experten bewertet die an der US-Technologiebörse Nasdaq gelistete Baidu-Aktie positiv. "China ist der weltweit am schnellsten wachsende Internetmarkt und Baidu hat die besten Voraussetzungen, um davon zu profitieren", sagt Tucker Grinnan. Der Analyst bei HSBC Global Research rechnet damit, dass der Marktanteil der Firma aufgrund der fehlenden Konkurrenz auf 80 Prozent steigen und Baidu 2013 dreimal so viel umsetzen und verdienen wird wie im vergangenen Jahr.
Auch Alicia Yap, Analystin bei der Citigroup, ist zuversichtlich: "Baidu verfügt über eine Quasimonopolstellung in Chinas schnell wachsenden Markt für Onlinemarketing", begründet sie ihre Kaufempfehlung.
Sowohl Yap als auch Grinnan halten die Risiken des Titels aufgrund der hohen Marktdominanz des Unternehmens für überschaubar. Eine mutige Einschätzung. Denn zum einen könnte es zu einer Abkühlung der chinesischen Konjunktur kommen, worunter auch der Werbemarkt leiden würde. Zum anderen scheint Rivale Google an einer Rückkehr ins Reich der Mitte zu arbeiten. Zumindest lassen entsprechende Aussagen von Finanzvorstand Patrick Pichette darauf schließen.
Der größte Risikofaktor ist jedoch die hohe Bewertung der Aktie. Selbst wenn man vorgreift und das für 2012 erwartete Ergebnis je Aktie (Konsensschätzung) zugrunde legt, notiert Baidu mit einem Kurs-Gewinn-Verhältnis von 36. Im Vergleich zu Google ist das teuer. Die US-Firma wird an der Börse derzeit lediglich mit dem 24-fachen des für 2012 erwarteten Gewinns bewertet. Allerdings weist Baidu eine höhere Wachstumsdynamik auf als der US-Wettbewerber, was einen Aufschlag rechtfertigen würde. Doch wie hoch darf der sein?
Das haben sich auch die Analysten von Goldman Sachs gefragt. In einer Studie kommen sie zu dem Schluss, dass die Aktie auf Basis der Gewinnschätzungen für 2012 bei einem Niveau von 130 Dollar fair bewertet ist. Diese Marke hat die Aktie nach der jüngsten Rally fast schon erreicht. Kurspotenzial wäre demnach kaum mehr vorhanden, es sei denn, Baidu gelingt es, stärker zu wachsen als es der Markt derzeit impliziert. Vor diesem Hintergrund ist eine Investition in Baidu auch eine Wette auf positive Überraschungen.
Willi Weber ist freier Autor der Gruner + Jahr Wirtschaftsmedien.
Boomende Onlinewerbung Baidu ist zu Hause eine Macht
[14:05, 18.02.11]
Von Willi Weber
Die chinesische Suchmaschine Baidu wächst rasant - vor allem auf dem Heimatmarkt. Die Aktie gilt als chancenreich, ist aber teuer. Außerdem birgt sie Risiken.
Fast überall auf der Welt ist Google bei der Internetsuche das Maß aller Dinge. In den USA laufen zwei von drei Suchanfragen über die Online-Supermacht, in Deutschland sind es sogar neun von zehn. In China muss sich die US-Firma jedoch mit einer Statistenrolle begnügen. Dort heißt der Platzhirsch Baidu. Im vierten Quartal 2010 baute die in Peking ansässige Suchmaschine laut dem Marktforschungsinstitut Analysys International ihren Marktanteil auf 75,5 Prozent aus - ein Plus von 1,5 Prozentpunkten gegenüber dem Vorquartal. Googles Quote im Reich der Mitte schrumpfte dagegen um zwei Prozentpunkte auf 19,6 Prozent.
Der Aktie von Baidu hat der Zugewinn an Marktanteilen sichtlich gutgetan und ihren Ruf als Perle unter den Internetwerten gestärkt. Seit Anfang des Jahres ist der Titel im Kurs um knapp 34 Prozent gestiegen.
Dass Baidu auf seinem Heimatmarkt so erfolgreich ist, hat hauptsächlich mit dem Streit zwischen Google und den chinesischen Behörden zu tun. Um überhaupt Suchdienste in der Volksrepublik offerieren zu können, müssen sich die Anbieter verpflichten, staatskritische Treffer herauszufiltern. Während Baidu kein Problem damit hat, leitet Google seit Frühjahr 2010 Suchanfragen vom chinesischen Festland auf das von staatlicher Internetkontrolle kaum betroffene Hongkong um, womit das Chinageschäft des US-Rivalen faktisch auf Eis liegt.
Genau wie Google verdient Baidu sein Geld mit Onlinewerbung. Tippt ein Nutzer einen Suchbegriff ein, erscheinen neben der Trefferliste mehrere zum Suchbegriff passende Textanzeigen. Abgerechnet wird nach der Zahl der Nutzer, die auf die Textanzeige klicken und damit auf die Internetseite des Werbenden gelangen. Dass sich mit dieser Form der Werbung auch in China glänzende Geschäfte machen lassen, zeigen Baidus jüngste Geschäftszahlen. So steigerte die Firma den Umsatz im vergangenen Jahr um 78 Prozent auf umgerechnet 1,2 Mrd. Dollar (884 Mio. Euro). Der Nettogewinn schnellte um 137 Prozent auf 534 Mio. Dollar nach oben.
Das rasante Wachstum der chinesischen Suchmaschine ist auch der Analystenzunft nicht verborgen geblieben. Die Mehrheit der Experten bewertet die an der US-Technologiebörse Nasdaq gelistete Baidu-Aktie positiv. "China ist der weltweit am schnellsten wachsende Internetmarkt und Baidu hat die besten Voraussetzungen, um davon zu profitieren", sagt Tucker Grinnan. Der Analyst bei HSBC Global Research rechnet damit, dass der Marktanteil der Firma aufgrund der fehlenden Konkurrenz auf 80 Prozent steigen und Baidu 2013 dreimal so viel umsetzen und verdienen wird wie im vergangenen Jahr.
Auch Alicia Yap, Analystin bei der Citigroup, ist zuversichtlich: "Baidu verfügt über eine Quasimonopolstellung in Chinas schnell wachsenden Markt für Onlinemarketing", begründet sie ihre Kaufempfehlung.
Sowohl Yap als auch Grinnan halten die Risiken des Titels aufgrund der hohen Marktdominanz des Unternehmens für überschaubar. Eine mutige Einschätzung. Denn zum einen könnte es zu einer Abkühlung der chinesischen Konjunktur kommen, worunter auch der Werbemarkt leiden würde. Zum anderen scheint Rivale Google an einer Rückkehr ins Reich der Mitte zu arbeiten. Zumindest lassen entsprechende Aussagen von Finanzvorstand Patrick Pichette darauf schließen.
Der größte Risikofaktor ist jedoch die hohe Bewertung der Aktie. Selbst wenn man vorgreift und das für 2012 erwartete Ergebnis je Aktie (Konsensschätzung) zugrunde legt, notiert Baidu mit einem Kurs-Gewinn-Verhältnis von 36. Im Vergleich zu Google ist das teuer. Die US-Firma wird an der Börse derzeit lediglich mit dem 24-fachen des für 2012 erwarteten Gewinns bewertet. Allerdings weist Baidu eine höhere Wachstumsdynamik auf als der US-Wettbewerber, was einen Aufschlag rechtfertigen würde. Doch wie hoch darf der sein?
Das haben sich auch die Analysten von Goldman Sachs gefragt. In einer Studie kommen sie zu dem Schluss, dass die Aktie auf Basis der Gewinnschätzungen für 2012 bei einem Niveau von 130 Dollar fair bewertet ist. Diese Marke hat die Aktie nach der jüngsten Rally fast schon erreicht. Kurspotenzial wäre demnach kaum mehr vorhanden, es sei denn, Baidu gelingt es, stärker zu wachsen als es der Markt derzeit impliziert. Vor diesem Hintergrund ist eine Investition in Baidu auch eine Wette auf positive Überraschungen.
Willi Weber ist freier Autor der Gruner + Jahr Wirtschaftsmedien.
Na, ist da etwas im Busche?
Why did Baidu’s CEO Fly to Silicon Valley to Meet with Mark Zuckerberg?
Posted: February 19th,2011 | By: doug.herman
Last night Chinese news outlet Sina.com (in Chinese) reported that Robin Li, the CEO of Baidu.com, Inc. (NASDAQ: BIDU), China’s leading search engine, had flown to Silicon Valley to meet with Facebook CEO Mark Zuckerberg. Baidu has declined to comment on the rumor.
Of course this reciprocal trip wouldn’t be too surprising since Zuckerberg visited Baidu on December 20 for a lunch with Li and a tour of his company’s offices. Many observers closely followed this stop, as well as every other corporate visit Zuckerberg made during his trip to China, in hopes of figuring out which Internet company might be in actual negotiations to partner with Facebook. In addition to meeting with Baidu during his December trip to China, Zuckerberg also made visits to Sina, Taobao (part of the Alibaba Group), and China Mobile.
With this rumored visit by Li the speculation machine will likely begin to heat up. Just a few weeks ago Bloomberg provided the first official confirmation that Zuckerberg’s trip to China included any partnership discussions. According to the story:
China Mobile Ltd. Chairman Wang Jianzhou said he met with Facebook Inc. founder Mark Zuckerberg last month to discuss ‘the possibility of cooperation’ in China.
He declined to provide details of the Zuckerberg meeting because it was private, Wang said in an interview after speaking on a panel at the World Economic Forum in Davos, Switzerland, today. No agreement was reached with Palo Alto, California-based Facebook at the time.
– “China Mobile Says Discussed Cooperation With Facebook“, Bloomberg, 1/26/11
Prior to Wang’s comments all of Zuckerberg’s visits were placed in the context of his great affection for China. The whole trip was described as personal as he was accompanied by his long time girlfriend.
Nevertheless, the visits to his corporate counterparts was not lost on anyone. Facebook has been banned from China since 2009 and previous comments by Zuckerberg show that he is interested in returning. Most notably, in a speech made at Stanford University in October, he stated “How can you connect the whole world if you leave out 1.6 billion people?”
The real question remains whether Facebook could return to the Chinese market without having to agree to many of the same censorship guidelines that eventually forced Google Inc. (NASDAQ: GOOG) to disregard the law and be driven from the country. For a detailed breakdown of the challenges facing Facebook’s entry into China check out the analysis by Chinese tech blog Techrice.
Of course besides his visit to Facebook it is likely that Li will make his rounds around the Silicon Alley corridor to familiarize himself with the lay of the land. Despite having almost no presence in the US, Li has expressed interest in further global expansion.
“We are already operating in China and Japan, but over the next 5 to 10 years we may enter dozens of new markets. Our leading position in the Chinese market provides us with the funds to invest in market expansion.”
– Robin Li, CEO, Baidu
Why did Baidu’s CEO Fly to Silicon Valley to Meet with Mark Zuckerberg?
Posted: February 19th,2011 | By: doug.herman
Last night Chinese news outlet Sina.com (in Chinese) reported that Robin Li, the CEO of Baidu.com, Inc. (NASDAQ: BIDU), China’s leading search engine, had flown to Silicon Valley to meet with Facebook CEO Mark Zuckerberg. Baidu has declined to comment on the rumor.
Of course this reciprocal trip wouldn’t be too surprising since Zuckerberg visited Baidu on December 20 for a lunch with Li and a tour of his company’s offices. Many observers closely followed this stop, as well as every other corporate visit Zuckerberg made during his trip to China, in hopes of figuring out which Internet company might be in actual negotiations to partner with Facebook. In addition to meeting with Baidu during his December trip to China, Zuckerberg also made visits to Sina, Taobao (part of the Alibaba Group), and China Mobile.
With this rumored visit by Li the speculation machine will likely begin to heat up. Just a few weeks ago Bloomberg provided the first official confirmation that Zuckerberg’s trip to China included any partnership discussions. According to the story:
China Mobile Ltd. Chairman Wang Jianzhou said he met with Facebook Inc. founder Mark Zuckerberg last month to discuss ‘the possibility of cooperation’ in China.
He declined to provide details of the Zuckerberg meeting because it was private, Wang said in an interview after speaking on a panel at the World Economic Forum in Davos, Switzerland, today. No agreement was reached with Palo Alto, California-based Facebook at the time.
– “China Mobile Says Discussed Cooperation With Facebook“, Bloomberg, 1/26/11
Prior to Wang’s comments all of Zuckerberg’s visits were placed in the context of his great affection for China. The whole trip was described as personal as he was accompanied by his long time girlfriend.
Nevertheless, the visits to his corporate counterparts was not lost on anyone. Facebook has been banned from China since 2009 and previous comments by Zuckerberg show that he is interested in returning. Most notably, in a speech made at Stanford University in October, he stated “How can you connect the whole world if you leave out 1.6 billion people?”
The real question remains whether Facebook could return to the Chinese market without having to agree to many of the same censorship guidelines that eventually forced Google Inc. (NASDAQ: GOOG) to disregard the law and be driven from the country. For a detailed breakdown of the challenges facing Facebook’s entry into China check out the analysis by Chinese tech blog Techrice.
Of course besides his visit to Facebook it is likely that Li will make his rounds around the Silicon Alley corridor to familiarize himself with the lay of the land. Despite having almost no presence in the US, Li has expressed interest in further global expansion.
“We are already operating in China and Japan, but over the next 5 to 10 years we may enter dozens of new markets. Our leading position in the Chinese market provides us with the funds to invest in market expansion.”
– Robin Li, CEO, Baidu
Antwort auf Beitrag Nr.: 41.072.148 von Karlll am 19.02.11 19:49:59Meinst du BIDU könnte Facebook schlucken oder andersrum?
Antwort auf Beitrag Nr.: 41.072.180 von kosto1929 am 19.02.11 20:04:07@ Kosto,
also soweit habe ich weder in die eine noch in die andere Richtung gedacht.
Aber vielleicht sucht man ja eine Schnittmenge, also eine win-win-Situation, die beiden
hilft und niemandem weh tut.
Evtl. möchte Bidu nicht, daß ihnen ein neuer quasi Wettbewerber erwächst, wohingegen
Facebook den unschönen Niedergang im Land der aufgehende Sonne vor Augen hat und sich sagt,
daß bei Einstieg mit Rückendeckung von Bidu doch wohl viele Hürden einfacher zu nehmen
sind.
also soweit habe ich weder in die eine noch in die andere Richtung gedacht.
Aber vielleicht sucht man ja eine Schnittmenge, also eine win-win-Situation, die beiden
hilft und niemandem weh tut.
Evtl. möchte Bidu nicht, daß ihnen ein neuer quasi Wettbewerber erwächst, wohingegen
Facebook den unschönen Niedergang im Land der aufgehende Sonne vor Augen hat und sich sagt,
daß bei Einstieg mit Rückendeckung von Bidu doch wohl viele Hürden einfacher zu nehmen
sind.
Gurufocus
Looks Cross the Pacific Ocean for Ideas
February-19-2011
Contributing editor Glenn Rogers is with us this week, writing from his home in California which overlooks the Pacific Ocean. It seems he's been spending some time staring out the window and thinking about what's going on thousands of miles away in China and he has come up with some interesting investment ideas to share with us. Glenn is a successful businessman and entrepreneur who has lived and worked in both Canada and the U.S. Here is his report.
Glenn Rogers writes:
I've hope you have enjoyed the market ride during the last few months as much as I have. Pretty much everything is up as the stock market has shrugged off all kinds of normally disturbing news: Revolutions in Egypt and Tunisia, soaring food prices, looming political deadlock in Washington over spending cuts, and more.
Despite all the turmoil, so far nothing has been able to keep this market down for long. The only problem - and it's a big one - is that it's getting harder to find stocks that are cheap enough so that you don't feel you are chasing a train that left the station a while ago. Valuations look a little stretched so, like everyone else it seems, I've been waiting for some kind of pullback that would enable me to add to positions that have been performing well. So far, that hasn't happened. Don't get me wrong. I'm not longing for another market crash, only a modest correction that would restore a sense of balance and provide new opportunities to deploy cash.
While I'm waiting, I've been looking at areas that haven't been doing particularly well. That led me to emerging markets which for the most part have been selling off. In some cases the drop has been fairly dramatic; for example the Indian NSE 50 Index is down more than 10% so far in 2011 and I'm not sure that the selling is over yet. Looking elsewhere, the FTSA China 25 Index is off about 15% from its highs of late last year but given the inflation scares in the emerging markets and the interest rate hikes in China it could have been much worse. Brazil, another fast-growing BRIC country, has also pulled back although not as much as either China or India.
All this started me thinking about which stocks and which sectors are relatively inflation-proof while offering exposure to emerging market growth, particularly in China. I kept coming back to a basket of Chinese Internet stocks which, with a few exceptions, have not significantly pulled back with the rest of the Chinese market.
There are a lot of things to like about the Internet in China where they had a total of 384 million web surfers at the end of 2009. That is greater than the entire population of the United States and that's with a penetration of only 23% so there is lots of room to grow. Overall usage is increasing at close to 30% a year with the Internet population growing at what likely is a conservative rate of 20% per year.
The Internet market in China is young; close to 70% of all web surfers are under the age of 30. That's why gaming sites like Shanda Games Ltd. (GAME), which was spun off last year from Shanda Interactive Entertainment (SNDA) looks interesting even though it has not performed well to date and is not my principal recommendation in this column.
There are number of ways to get exposure to Chinese Internet stocks and a site that I like called tickerspy.com has created an index which you might find helpful in researching these opportunities. It can be found here: http://tiny.cc/si8dx
As I scanned down that list, two stocks kept jumping out at me. The first was Baidu Inc. (NDQ: BIDU), which can be found at www.baidu.com. The website is in Chinese but Google will translate it for you. The second was Youku.com Inc. (YOKU) which is at www.youku.com. These companies are the Google and YouTube of China respectively. Let me tell you a little more about them.
Baidu has been in the news a lot in the last year as they were seen to benefit from Google's decision to essentially withdraw from mainland China. Given their recent stellar results, they do seem to be profiting nicely. Recent fourth-quarter earnings were stellar, with revenue rising 94% and earnings soaring 171%. Baidu now has over 70% of the Chinese search market. If you like Google here in North America you have to love Baidu in China even though its forward p/e ratio is twice that of Google. Baidu's quarterly sales growth is close to four times that of Google and they have no real competition.
After the stock split last year I bought a position when it was trading in the $60s and sold when it reached $112. I have regretted that sell decision ever since and have been hoping for a pullback so I could reenter. Well, I'm finished waiting! I plan to take a position now and continue to add to it over time because I feel this is a long-term hold and the stock may well continue to move up a lot further over the next couple of years.
Youku.com is a different story. It fell by almost 50% after its IPO late last year but as I write it is rallying on heavy volume prior to its earnings call which is scheduled for Feb. 28. As I'm sure most of you know, Google purchased YouTube some time ago and it appears that deal is beginning to pay off for them. It has taken a while for video advertising to grow on the web, lagging behind the heavy traffic that video users have presented to the advertising community globally which is a phenomenon I can personally attest to as I own a large video site myself: www.streetfire.net. However, we are now seeing the advertising community begin to embrace online video sites which will be as good for Youku.com as it is for YouTube.
Imitation is the sincerest form of flattery and it is not a stretch to believe that both these companies may one day equal or surpass the success of the sites that they have copied. They have the Chinese government in their corner, offering a barrier to entry to sites originating from other countries. They also have a growing youth market and a strong economy. That's a pretty great combination of factors which should lead to continued exponential growth.
Both companies trade on Nasdaq as American Depository Receipts (ADRs).
Action now: Buy Baidu with a target of US$180. The stock closed on Friday at US$128.80. Buy Youko.com at US$34.50 with a target of US$50.
Looks Cross the Pacific Ocean for Ideas
February-19-2011
Contributing editor Glenn Rogers is with us this week, writing from his home in California which overlooks the Pacific Ocean. It seems he's been spending some time staring out the window and thinking about what's going on thousands of miles away in China and he has come up with some interesting investment ideas to share with us. Glenn is a successful businessman and entrepreneur who has lived and worked in both Canada and the U.S. Here is his report.
Glenn Rogers writes:
I've hope you have enjoyed the market ride during the last few months as much as I have. Pretty much everything is up as the stock market has shrugged off all kinds of normally disturbing news: Revolutions in Egypt and Tunisia, soaring food prices, looming political deadlock in Washington over spending cuts, and more.
Despite all the turmoil, so far nothing has been able to keep this market down for long. The only problem - and it's a big one - is that it's getting harder to find stocks that are cheap enough so that you don't feel you are chasing a train that left the station a while ago. Valuations look a little stretched so, like everyone else it seems, I've been waiting for some kind of pullback that would enable me to add to positions that have been performing well. So far, that hasn't happened. Don't get me wrong. I'm not longing for another market crash, only a modest correction that would restore a sense of balance and provide new opportunities to deploy cash.
While I'm waiting, I've been looking at areas that haven't been doing particularly well. That led me to emerging markets which for the most part have been selling off. In some cases the drop has been fairly dramatic; for example the Indian NSE 50 Index is down more than 10% so far in 2011 and I'm not sure that the selling is over yet. Looking elsewhere, the FTSA China 25 Index is off about 15% from its highs of late last year but given the inflation scares in the emerging markets and the interest rate hikes in China it could have been much worse. Brazil, another fast-growing BRIC country, has also pulled back although not as much as either China or India.
All this started me thinking about which stocks and which sectors are relatively inflation-proof while offering exposure to emerging market growth, particularly in China. I kept coming back to a basket of Chinese Internet stocks which, with a few exceptions, have not significantly pulled back with the rest of the Chinese market.
There are a lot of things to like about the Internet in China where they had a total of 384 million web surfers at the end of 2009. That is greater than the entire population of the United States and that's with a penetration of only 23% so there is lots of room to grow. Overall usage is increasing at close to 30% a year with the Internet population growing at what likely is a conservative rate of 20% per year.
The Internet market in China is young; close to 70% of all web surfers are under the age of 30. That's why gaming sites like Shanda Games Ltd. (GAME), which was spun off last year from Shanda Interactive Entertainment (SNDA) looks interesting even though it has not performed well to date and is not my principal recommendation in this column.
There are number of ways to get exposure to Chinese Internet stocks and a site that I like called tickerspy.com has created an index which you might find helpful in researching these opportunities. It can be found here: http://tiny.cc/si8dx
As I scanned down that list, two stocks kept jumping out at me. The first was Baidu Inc. (NDQ: BIDU), which can be found at www.baidu.com. The website is in Chinese but Google will translate it for you. The second was Youku.com Inc. (YOKU) which is at www.youku.com. These companies are the Google and YouTube of China respectively. Let me tell you a little more about them.
Baidu has been in the news a lot in the last year as they were seen to benefit from Google's decision to essentially withdraw from mainland China. Given their recent stellar results, they do seem to be profiting nicely. Recent fourth-quarter earnings were stellar, with revenue rising 94% and earnings soaring 171%. Baidu now has over 70% of the Chinese search market. If you like Google here in North America you have to love Baidu in China even though its forward p/e ratio is twice that of Google. Baidu's quarterly sales growth is close to four times that of Google and they have no real competition.
After the stock split last year I bought a position when it was trading in the $60s and sold when it reached $112. I have regretted that sell decision ever since and have been hoping for a pullback so I could reenter. Well, I'm finished waiting! I plan to take a position now and continue to add to it over time because I feel this is a long-term hold and the stock may well continue to move up a lot further over the next couple of years.
Youku.com is a different story. It fell by almost 50% after its IPO late last year but as I write it is rallying on heavy volume prior to its earnings call which is scheduled for Feb. 28. As I'm sure most of you know, Google purchased YouTube some time ago and it appears that deal is beginning to pay off for them. It has taken a while for video advertising to grow on the web, lagging behind the heavy traffic that video users have presented to the advertising community globally which is a phenomenon I can personally attest to as I own a large video site myself: www.streetfire.net. However, we are now seeing the advertising community begin to embrace online video sites which will be as good for Youku.com as it is for YouTube.
Imitation is the sincerest form of flattery and it is not a stretch to believe that both these companies may one day equal or surpass the success of the sites that they have copied. They have the Chinese government in their corner, offering a barrier to entry to sites originating from other countries. They also have a growing youth market and a strong economy. That's a pretty great combination of factors which should lead to continued exponential growth.
Both companies trade on Nasdaq as American Depository Receipts (ADRs).
Action now: Buy Baidu with a target of US$180. The stock closed on Friday at US$128.80. Buy Youko.com at US$34.50 with a target of US$50.
Facebook Meeting With Baidu Execs In Silicon Valley, Says Chinese Press
Bill Bishop | Feb. 20, 2011, 9:20 AM
Sina News reported on Friday afternoon that unnamed Baidu executives have flown to Silicon Valley to discuss possible cooperation with Facebook–消息称百度高管赴美国硅谷与Facebook洽谈合作.
Baidu PR refused to comment.
There has been much speculation that Baidu is one of the more likely China partners for Facebook (China Mobile is another one). Baidu is already way behind in social media in China and so may really want a Facebook deal. I have a beta account for Baidu Talk 百度说吧, Baidu’s version of Weibo (though Baidu calls it a real-name social networking platform, not a microblog). It is still in invitation-only beta and appears to be falling further behind Sina Weibo as each day passes. In some ways Baidu is a bit like Google in that they have proven to be weak at anything social.
What might a Baidu-Facebook partnership look like? I have no insider knowledge, but that won’t stop me from speculating. It would probably take the form of a joint venture for China to launch a China-specific, sanitized version of Facebook that would have limited if any linkages and data sharing with the global, ex-China Facebook.
Facebook wants to get to a billion users, and a China deal would accelerate their achievement of that goal. But after the uprisings in the Middle East the government may not approve a Baidu-Facebook deal (see my post on Sinocism-Will Unrest In Egypt Strengthen The Chinese Government?), and if it did it would likely require all sorts of “compromises” from Facebook.
Even a PR executive as talented as Elliot Schrage might have a hard time handling the likely uproar in the West around a Facebook China deal and all it would entail.
Meanwhile, Facebook is smartly moving to tap into China advertisers whether or not they have a China venture by setting up a sales office in Hong Kong.
You can follow me on Weibo @billbishop and on Twitter @niubi
Read more: http://www.businessinsider.com/facebook-meeting-with-baidu-e…
Bill Bishop | Feb. 20, 2011, 9:20 AM
Sina News reported on Friday afternoon that unnamed Baidu executives have flown to Silicon Valley to discuss possible cooperation with Facebook–消息称百度高管赴美国硅谷与Facebook洽谈合作.
Baidu PR refused to comment.
There has been much speculation that Baidu is one of the more likely China partners for Facebook (China Mobile is another one). Baidu is already way behind in social media in China and so may really want a Facebook deal. I have a beta account for Baidu Talk 百度说吧, Baidu’s version of Weibo (though Baidu calls it a real-name social networking platform, not a microblog). It is still in invitation-only beta and appears to be falling further behind Sina Weibo as each day passes. In some ways Baidu is a bit like Google in that they have proven to be weak at anything social.
What might a Baidu-Facebook partnership look like? I have no insider knowledge, but that won’t stop me from speculating. It would probably take the form of a joint venture for China to launch a China-specific, sanitized version of Facebook that would have limited if any linkages and data sharing with the global, ex-China Facebook.
Facebook wants to get to a billion users, and a China deal would accelerate their achievement of that goal. But after the uprisings in the Middle East the government may not approve a Baidu-Facebook deal (see my post on Sinocism-Will Unrest In Egypt Strengthen The Chinese Government?), and if it did it would likely require all sorts of “compromises” from Facebook.
Even a PR executive as talented as Elliot Schrage might have a hard time handling the likely uproar in the West around a Facebook China deal and all it would entail.
Meanwhile, Facebook is smartly moving to tap into China advertisers whether or not they have a China venture by setting up a sales office in Hong Kong.
You can follow me on Weibo @billbishop and on Twitter @niubi
Read more: http://www.businessinsider.com/facebook-meeting-with-baidu-e…
Baidu Visits Facebook in Silicon Valley?
by Willis Wee on February 21, 2011 in Asia, Tech
Update: Baidu declined to comment as well.
Top officials from Baidu were said to have flown to Silicon Valley to talk about a possible collaboration with Facebook, according to a news report by Sina. Baidu spokesperson declined to elaborate. We have sent Baidu an email to confirm the news, though.
The meet up could be a follow up from their previous meetings, where Facebook CEO Mark Zuckerberg visited Baidu in China last year. At last year’s Sun Valley Media Conference, Baidu CEO Robin Li, said that enterprises like Facebook should enter the China market quickly. He believes that with proper practice and patience, there will opportunities to succeed in China.
At the same event, Mr Li also said that Baidu is looking to expand overseas. Its success in the Chinese market will provide enough resources to help Baidu expand in other countries. Baidu recorded over US$1 billion of ads revenue last year.
As of now, take this news with a pinch of salt. We’ll update as we learn.
by Willis Wee on February 21, 2011 in Asia, Tech
Update: Baidu declined to comment as well.
Top officials from Baidu were said to have flown to Silicon Valley to talk about a possible collaboration with Facebook, according to a news report by Sina. Baidu spokesperson declined to elaborate. We have sent Baidu an email to confirm the news, though.
The meet up could be a follow up from their previous meetings, where Facebook CEO Mark Zuckerberg visited Baidu in China last year. At last year’s Sun Valley Media Conference, Baidu CEO Robin Li, said that enterprises like Facebook should enter the China market quickly. He believes that with proper practice and patience, there will opportunities to succeed in China.
At the same event, Mr Li also said that Baidu is looking to expand overseas. Its success in the Chinese market will provide enough resources to help Baidu expand in other countries. Baidu recorded over US$1 billion of ads revenue last year.
As of now, take this news with a pinch of salt. We’ll update as we learn.
Herrlich hier bei BAIDU !!!
Bald 100 Dollar und gut 1000% seit Anfang 2009 ...
Bald 100 Dollar und gut 1000% seit Anfang 2009 ...
Is Baidu About To Get Social With Facebook?
Posted by Jackie Cohen on February 21st, 2011 12:00 PM
Executives from China’s largest search engine Baidu are visiting Facebook today, suggesting that the two companies plan to discuss a partnership.
Sina News first reported the Baidu visit, without specifying which executives of the company are traveling to Facebook. Apparently the Chinese search engine’s Chief Executive Officer Robin Li has publicly expressed interest in partnering with the U.S. social network.
The Chinese news outlet quoted Li telling U.S. conference goers last year:
I think that companies such as Facebook should consider the Chinese market, if they are in the proper way and have enough patience, you will have the opportunity. But time flies fast growing Internet market, and there are many challenges. If you do not wait and will lose the opportunity… We are already involved in China and Japan. Yhe next 5 to 10 years, we may enter dozens of markets. The Chinese market has been large enough, we can make use of the funds available to carry out market expansion.
China has 400 million Internet users — add that number to Facebook’s current user base, and the U.S. social network could cross the one billion member mark. But that would require partnering with more than just Baidu, which has roughly 120 million users.
Baidu had roughly 30 percent of the market for search in the country during the first three quarters of 2010, according to Resonance China’s translation of data from Meihua Info. Google has about 10 percent of the market, or 40 million users, while Sina has 8.5 percent, or 34 million users there.
The timing for these partnerships makes a lot of sense for Baidu, given that Google and Microsoft both embedded Facebook functionality in their respective search engines and toolbars. We wouldn’t be surprised if the Baidu executives’ visit were copied by every competitor in the region, including Sina, Alibaba, Sohu, Tencent, NetEase and Yoku.
What outcome do you expect from Baidu executives’ talks with Facebook?
Posted by Jackie Cohen on February 21st, 2011 12:00 PM
Executives from China’s largest search engine Baidu are visiting Facebook today, suggesting that the two companies plan to discuss a partnership.
Sina News first reported the Baidu visit, without specifying which executives of the company are traveling to Facebook. Apparently the Chinese search engine’s Chief Executive Officer Robin Li has publicly expressed interest in partnering with the U.S. social network.
The Chinese news outlet quoted Li telling U.S. conference goers last year:
I think that companies such as Facebook should consider the Chinese market, if they are in the proper way and have enough patience, you will have the opportunity. But time flies fast growing Internet market, and there are many challenges. If you do not wait and will lose the opportunity… We are already involved in China and Japan. Yhe next 5 to 10 years, we may enter dozens of markets. The Chinese market has been large enough, we can make use of the funds available to carry out market expansion.
China has 400 million Internet users — add that number to Facebook’s current user base, and the U.S. social network could cross the one billion member mark. But that would require partnering with more than just Baidu, which has roughly 120 million users.
Baidu had roughly 30 percent of the market for search in the country during the first three quarters of 2010, according to Resonance China’s translation of data from Meihua Info. Google has about 10 percent of the market, or 40 million users, while Sina has 8.5 percent, or 34 million users there.
The timing for these partnerships makes a lot of sense for Baidu, given that Google and Microsoft both embedded Facebook functionality in their respective search engines and toolbars. We wouldn’t be surprised if the Baidu executives’ visit were copied by every competitor in the region, including Sina, Alibaba, Sohu, Tencent, NetEase and Yoku.
What outcome do you expect from Baidu executives’ talks with Facebook?
BAIDU - Willkommene Verkäufe, denn dies eröffnet neue Chancen
von Rene Berteit
Dienstag 22.02.2011, 21:33 Uhr
Rückblick: Vor allem mittelfristig orientierten Bullen dürften die derzeitigen Verluste in der Baidu Aktie äußerst gelegen kommen, bieten diese doch die Möglichkeit, sich weiter in dem laufenden Aufwärtstrend zu engagieren. Dieser wurde erst am 01. Februar mit dem Ausbruch auf ein neues Allzeithoch weiter gefestigt und das neue Kaufsignal mit anschließenden Kursgewinnen bis auf 131,63 $ untermauert.
Genau dieses Kaufsignal scheint nun im Rahmen einer Pullbackbewegung von oben getestet zu werden. Dabei fungiert der Bereich um 113,50 $ nun als Unterstützung, zum einen aus dem letzten deutlichen Rallyhoch und zum anderen durch die in diesem Bereich befindliche 50-Tagelinie. Verstärkt wird diese Zone zudem durch ein hier noch offenes Ausbruchsgap, womit um 113,50 $ von einem sehr starken Unterstützungscluster auszugehen ist.
Charttechnischer Ausblick: Charttechnisch sind die aktuellen Kursverluste in der Baidu Aktie nur als Korrektur im Bullenmarkt zu werten, der sich neue Kaufwellen anschließen sollten. Idealerweise melden sich die Käufer bereits wieder oberhalb der Unterstützungszone bei 113,50 $ wieder zurück und treiben die Kurse anschließend weiter bis auf 131,63 $ und 142,00 $.
Aufgrund des deutlichen Aufwärtsdrucks in den letzten Wochen liegen markante Verkaufstrigger derzeit relativ weit vom aktuellen Kurs entfernt. Erst im Bereich von 102,75 $ wäre eine solche Marke in Form der alten Pullbacklinie auszumachen, gefolgt von 95,12 $. Erst unterhalb dieser würde sich auch das mittelfristige Chartbild eintrüben und Abgaben bis auf 80,00 $ könnten folgen.
von Rene Berteit
Dienstag 22.02.2011, 21:33 Uhr
Rückblick: Vor allem mittelfristig orientierten Bullen dürften die derzeitigen Verluste in der Baidu Aktie äußerst gelegen kommen, bieten diese doch die Möglichkeit, sich weiter in dem laufenden Aufwärtstrend zu engagieren. Dieser wurde erst am 01. Februar mit dem Ausbruch auf ein neues Allzeithoch weiter gefestigt und das neue Kaufsignal mit anschließenden Kursgewinnen bis auf 131,63 $ untermauert.
Genau dieses Kaufsignal scheint nun im Rahmen einer Pullbackbewegung von oben getestet zu werden. Dabei fungiert der Bereich um 113,50 $ nun als Unterstützung, zum einen aus dem letzten deutlichen Rallyhoch und zum anderen durch die in diesem Bereich befindliche 50-Tagelinie. Verstärkt wird diese Zone zudem durch ein hier noch offenes Ausbruchsgap, womit um 113,50 $ von einem sehr starken Unterstützungscluster auszugehen ist.
Charttechnischer Ausblick: Charttechnisch sind die aktuellen Kursverluste in der Baidu Aktie nur als Korrektur im Bullenmarkt zu werten, der sich neue Kaufwellen anschließen sollten. Idealerweise melden sich die Käufer bereits wieder oberhalb der Unterstützungszone bei 113,50 $ wieder zurück und treiben die Kurse anschließend weiter bis auf 131,63 $ und 142,00 $.
Aufgrund des deutlichen Aufwärtsdrucks in den letzten Wochen liegen markante Verkaufstrigger derzeit relativ weit vom aktuellen Kurs entfernt. Erst im Bereich von 102,75 $ wäre eine solche Marke in Form der alten Pullbacklinie auszumachen, gefolgt von 95,12 $. Erst unterhalb dieser würde sich auch das mittelfristige Chartbild eintrüben und Abgaben bis auf 80,00 $ könnten folgen.
28. Februar 2011
Baidu: Gewinn der chinesischen Suchmaschine explodiert
Die Suchmaschine Baidu bleibt in China weiter auf dem Vormarsch: Im Geschäftsjahr 2010 verzeichneten die Betreiber nach eigenen Angaben einen Umsatz von 7,91 Milliarden Renminbi (umgerechnet etwa 883 Millionen Euro) und damit einen Anstieg von 78 Prozent im Vergleich zum Vorjahr. Das Ergebnis stieg sogar um fast 147 Prozent auf 3,96 Milliarden RMB (442 Millionen Euro).
Es könnte kaum besser laufen für Baidu. Denn hinzu kommt, dass die Suchmaschine zuletzt ihren Marktanteil in China weiter ausbauen konnte. Laut Informationen des chinesischen Martforschers Analysys International belegt Baidu im Reich der Mitte einen Marktanteil von 75,5 Prozent. Der Anteil von Google am chinesischen Suchmaschinenmarkt sei demgegenüber im letzten Quartal 2010 zum vierten Mal in Folge gesunken, auf nun 19,6 Prozent.
Google hatte Anfang 2010 angekündigt, seine Suchergebnisse nicht mehr, wie vom chinesischen Regime verlangt, zu zensieren. Ab März wurden die Besucher der chinesischen Google-Seite auf Google Hong Kong umgeleitet, wo die Ergebnisse nicht zensiert werden. Medienberichten zufolge war der Zugriff auf die Google-Seite daraufhin von China aus nur eingeschränkt oder sehr langsam möglich. Im Juni schließlich hob Google die Weiterleitung nach Hong Kong auf, weil die chinesischen Behörden laut Google damit gedroht hatten, Googles Geschäftslizenz für China nicht zu verlängern. Seitdem findet sich auf der Startseite von Google China lediglich ein Link auf die Hong-Kong-Version der Suche.
Ganz offenbar profitiert Baidu von dieser Entwicklung. Dies dürfte umso bitterer für Google sein, als Baidu in vielen Teilen seines Konzeptes an Google erinnert. Das Unternehmen erzielt alle seine Einnahmen mit Werbung. Ähnlich wie bei Googles Adwords können mit dem Werbedienst „Phoenix Nest“ Anzeigen innerhalb der Suchmaschinenergebnisse geschaltet werden. Trotz des Gewinnsprungs von Baidu würde bisher nur ein kleiner Teil der chinesischen Wirtschaft Suchmaschinenwerbung nutzen, so CEO Robin Li bei der Vorstellung der Jahresbilanz. Li hat deswegen ein Fortbildungsprogramm initiiert, mit dem die Unternehmer über die Möglichkeiten von Online-Marketing informiert werden sollen.
Der Baidu-Chef kündigte zudem an, weiter in soziale Dienste im Netz investieren zu wollen. Baidu habe von Anfang an soziale Komponenten in seine Dienste integriert und wolle weiter alles dafür tun, damit es Einstiegspunkt ins chinesische Netz bleibt, so Li weiter. Laut Medienberichten ist auch Facebook von China aus nur schlecht zu erreichen. (re)
Baidu: Gewinn der chinesischen Suchmaschine explodiert
Die Suchmaschine Baidu bleibt in China weiter auf dem Vormarsch: Im Geschäftsjahr 2010 verzeichneten die Betreiber nach eigenen Angaben einen Umsatz von 7,91 Milliarden Renminbi (umgerechnet etwa 883 Millionen Euro) und damit einen Anstieg von 78 Prozent im Vergleich zum Vorjahr. Das Ergebnis stieg sogar um fast 147 Prozent auf 3,96 Milliarden RMB (442 Millionen Euro).
Es könnte kaum besser laufen für Baidu. Denn hinzu kommt, dass die Suchmaschine zuletzt ihren Marktanteil in China weiter ausbauen konnte. Laut Informationen des chinesischen Martforschers Analysys International belegt Baidu im Reich der Mitte einen Marktanteil von 75,5 Prozent. Der Anteil von Google am chinesischen Suchmaschinenmarkt sei demgegenüber im letzten Quartal 2010 zum vierten Mal in Folge gesunken, auf nun 19,6 Prozent.
Google hatte Anfang 2010 angekündigt, seine Suchergebnisse nicht mehr, wie vom chinesischen Regime verlangt, zu zensieren. Ab März wurden die Besucher der chinesischen Google-Seite auf Google Hong Kong umgeleitet, wo die Ergebnisse nicht zensiert werden. Medienberichten zufolge war der Zugriff auf die Google-Seite daraufhin von China aus nur eingeschränkt oder sehr langsam möglich. Im Juni schließlich hob Google die Weiterleitung nach Hong Kong auf, weil die chinesischen Behörden laut Google damit gedroht hatten, Googles Geschäftslizenz für China nicht zu verlängern. Seitdem findet sich auf der Startseite von Google China lediglich ein Link auf die Hong-Kong-Version der Suche.
Ganz offenbar profitiert Baidu von dieser Entwicklung. Dies dürfte umso bitterer für Google sein, als Baidu in vielen Teilen seines Konzeptes an Google erinnert. Das Unternehmen erzielt alle seine Einnahmen mit Werbung. Ähnlich wie bei Googles Adwords können mit dem Werbedienst „Phoenix Nest“ Anzeigen innerhalb der Suchmaschinenergebnisse geschaltet werden. Trotz des Gewinnsprungs von Baidu würde bisher nur ein kleiner Teil der chinesischen Wirtschaft Suchmaschinenwerbung nutzen, so CEO Robin Li bei der Vorstellung der Jahresbilanz. Li hat deswegen ein Fortbildungsprogramm initiiert, mit dem die Unternehmer über die Möglichkeiten von Online-Marketing informiert werden sollen.
Der Baidu-Chef kündigte zudem an, weiter in soziale Dienste im Netz investieren zu wollen. Baidu habe von Anfang an soziale Komponenten in seine Dienste integriert und wolle weiter alles dafür tun, damit es Einstiegspunkt ins chinesische Netz bleibt, so Li weiter. Laut Medienberichten ist auch Facebook von China aus nur schlecht zu erreichen. (re)
01. März 2011, 16:21 Uhr
"Notorious Markets"
US-Regierung listet Fälschermärkte und Tauschbörsen auf
Der chinesische Internet-Gigant Baidu rückt ins Visier der USA: Auf einer öffentlichen Website sammelt der Handelsvertreter die Umschlagplätze von Raubkopien und gefälschter Markenware - und ruft die betroffenen Länder zu entschiedenem Durchgreifen auf.
Hamburg - Die USA stellen notorische Urheberrechtsverletzer an den Pranger: Der Trade Representative der Regierung hat auf seiner Website eine Liste mit Webadressen und den Namen berüchtigter Basare veröffentlicht, auf denen sich Raubkopierer und Produktfälscher tummeln. Darunter sind populäre BitTorrent-Server, die in Russland und Kanada betrieben werden, sowie ganz reale Märkte in Indien, Südamerika oder Pakistan.
Prominenter Neuzugang der "Notorious Market"-Liste (PDF) ist die größte chinesische Website Baidu. Dem Internet-Riesen mit seiner Suchmaschine, Community und weiteren Diensten wirft die US-Regierung vor, Links auf Raubkopien urheberrechtlich geschützter Inhalte zu ermöglichen. Wobei in der Aufstellung das Wort "mutmaßlich" benutzt wird, genaue Nachweise werden nicht erbracht.
Die Aufstellung liest sich geradezu wie ein Reiseführer für Piraten. Bisher war sie Teil des jährlichen "Special 301 Reports", in dem der Handelsvertreter die Durchsetzung von Urheberrechten weltweit beleuchtet. "301" ist die Nummer des Copyright-Gesetzes in den USA. Der detaillierte Report soll Ende April wieder erscheinen, auf Drängen von Rechteinhabern wurde die Liste außer der Reihe vorab veröffentlicht.
Die US-Regierung drängt die betroffenen Länder, gegen die Verletzung von Urheberrechten entschiedener als bisher vorzugehen. In vielen Fällen richtet sich die Mahnung an China, von wo aus etliche Webserver mit mutmaßlich raubkopierten Inhalten betrieben werden - und die Akzeptanz eines Copyrights weit weniger ausgeprägt ist als in den USA.
Aber auch Kanada und Russland stehen unter Beobachtung, in beiden Ländern werden populäre BitTorrent-Verzeichnisse betrieben. In Europa stehen Bulgarien und die Ukraine wegen dort betriebener BitTorrent-Server am Pranger. Bei anderen BitTorrent-Diensten ist das Ursprungsland offenbar nicht so einfach zu ermitteln, genaue Ortsangaben fehlen.
Ohne ein starkes Copyright, warnt der Trade Representative, seien nicht nur amerikanische Jobs und Firmen in Gefahr - sondern Unternehmer und Industrien weltweit. Baidu wollte sich gegenüber der BBC nicht zu dem Vorwurf äußern.
ore
"Notorious Markets"
US-Regierung listet Fälschermärkte und Tauschbörsen auf
Der chinesische Internet-Gigant Baidu rückt ins Visier der USA: Auf einer öffentlichen Website sammelt der Handelsvertreter die Umschlagplätze von Raubkopien und gefälschter Markenware - und ruft die betroffenen Länder zu entschiedenem Durchgreifen auf.
Hamburg - Die USA stellen notorische Urheberrechtsverletzer an den Pranger: Der Trade Representative der Regierung hat auf seiner Website eine Liste mit Webadressen und den Namen berüchtigter Basare veröffentlicht, auf denen sich Raubkopierer und Produktfälscher tummeln. Darunter sind populäre BitTorrent-Server, die in Russland und Kanada betrieben werden, sowie ganz reale Märkte in Indien, Südamerika oder Pakistan.
Prominenter Neuzugang der "Notorious Market"-Liste (PDF) ist die größte chinesische Website Baidu. Dem Internet-Riesen mit seiner Suchmaschine, Community und weiteren Diensten wirft die US-Regierung vor, Links auf Raubkopien urheberrechtlich geschützter Inhalte zu ermöglichen. Wobei in der Aufstellung das Wort "mutmaßlich" benutzt wird, genaue Nachweise werden nicht erbracht.
Die Aufstellung liest sich geradezu wie ein Reiseführer für Piraten. Bisher war sie Teil des jährlichen "Special 301 Reports", in dem der Handelsvertreter die Durchsetzung von Urheberrechten weltweit beleuchtet. "301" ist die Nummer des Copyright-Gesetzes in den USA. Der detaillierte Report soll Ende April wieder erscheinen, auf Drängen von Rechteinhabern wurde die Liste außer der Reihe vorab veröffentlicht.
Die US-Regierung drängt die betroffenen Länder, gegen die Verletzung von Urheberrechten entschiedener als bisher vorzugehen. In vielen Fällen richtet sich die Mahnung an China, von wo aus etliche Webserver mit mutmaßlich raubkopierten Inhalten betrieben werden - und die Akzeptanz eines Copyrights weit weniger ausgeprägt ist als in den USA.
Aber auch Kanada und Russland stehen unter Beobachtung, in beiden Ländern werden populäre BitTorrent-Verzeichnisse betrieben. In Europa stehen Bulgarien und die Ukraine wegen dort betriebener BitTorrent-Server am Pranger. Bei anderen BitTorrent-Diensten ist das Ursprungsland offenbar nicht so einfach zu ermitteln, genaue Ortsangaben fehlen.
Ohne ein starkes Copyright, warnt der Trade Representative, seien nicht nur amerikanische Jobs und Firmen in Gefahr - sondern Unternehmer und Industrien weltweit. Baidu wollte sich gegenüber der BBC nicht zu dem Vorwurf äußern.
ore
Digital East Asia » Blog Archive » Baidu Launches Closed Beta 1.0 Version of its Browser Product
March 10, 2011
Chinese FlagStocks Icon
Local Chinese media reported this week that China’s leading search provider, Baidu.com, Inc. ((ADR) NASDAQ: BIDU) has launched the internal Beta 1.0 version of of its web browser. According to a review on DoNews (link in Chinese) the product has the following basic specs:
* Name: Baidu browser
* Version: Closed Beta 1.0
* Size: 4.21MB
* Published: March 8, 2011
* O/S platform: Winxp/Vista/Win7
The Donews review also lists the following set of notable features:
* Simple and quick installation: Takes under 30 seconds.
* Simple interface: The icon bar provides the most common functions.
* Integrated application synchronization: The “My Baidu Application” page allows users to quickly access a page with links to music, video, books, games, social networking, shopping, tools and other everyday apps. The user can customize their personal page with additions from Baidu’s library of apps as well as others. The browser also allows users to provide login and password info to help streamline access.
* Smart address bar: The address bar is customized for recognition of Chinese characters and integration with other Baidu services.
* Smart start page: Customized Baidu homepage provides thumbnails of web pages based on previous browsing behavior.
* Robust browsing history management
* Seamless management of privacy
March 10, 2011
Chinese FlagStocks Icon
Local Chinese media reported this week that China’s leading search provider, Baidu.com, Inc. ((ADR) NASDAQ: BIDU) has launched the internal Beta 1.0 version of of its web browser. According to a review on DoNews (link in Chinese) the product has the following basic specs:
* Name: Baidu browser
* Version: Closed Beta 1.0
* Size: 4.21MB
* Published: March 8, 2011
* O/S platform: Winxp/Vista/Win7
The Donews review also lists the following set of notable features:
* Simple and quick installation: Takes under 30 seconds.
* Simple interface: The icon bar provides the most common functions.
* Integrated application synchronization: The “My Baidu Application” page allows users to quickly access a page with links to music, video, books, games, social networking, shopping, tools and other everyday apps. The user can customize their personal page with additions from Baidu’s library of apps as well as others. The browser also allows users to provide login and password info to help streamline access.
* Smart address bar: The address bar is customized for recognition of Chinese characters and integration with other Baidu services.
* Smart start page: Customized Baidu homepage provides thumbnails of web pages based on previous browsing behavior.
* Robust browsing history management
* Seamless management of privacy
Kleiner Lichtblick in ansonsten rotem Umfeld
11.03.2011 15:29
BRIEF-RESEARCH ALERT-Susquehanna raises Baidu price target
March 11 (Reuters) - Baidu Inc:
* Susquehanna raises Baidu price target to $150 from $135; rating
positive
11.03.2011 15:29
BRIEF-RESEARCH ALERT-Susquehanna raises Baidu price target
March 11 (Reuters) - Baidu Inc:
* Susquehanna raises Baidu price target to $150 from $135; rating
positive
Chinese writers accuse Baidu of stealing
16.03.2011
BEIJING (AFP) – Dozens of popular Chinese writers have accused search engine giant Baidu of infringing their copyright and branded it a "thief" in the latest claims of piracy against the company.
More than 40 writers, including controversial blogger Han Han, have signed a letter claiming Baidu provided their works for free to download on its online library Baidu Wenku without their permission.
"Baidu has become a totally corrupt thief company," the authors said in the letter posted Tuesday on the website of government-linked China Written Works Copyright Society.
"It stole our works, our rights, our property and has turned Baidu Wenku into a marketplace of stolen goods," it said.
Baidu Wenku was launched in 2009 and allows users to read, share or download files and books, or their excerpts, for free. Readers can also purchase books from the online library -- at a much lower cost than the cover price.
All documents are uploaded by Internet users and as of November Baidu Wenku had stockpiled more than 10 million files and books, accounting for 70 percent of China's online file sharing market, according to the company's figures.
Baidu spokesman Kaiser Kuo said the search engine "attaches great importance to intellectual property rights protection" and had deleted "tens of thousands of infringing items" uploaded by web users.
"We promised that authors or copyright holders can report problematic content found on Baidu Library to the complaint centre ... and we will delete infringing content within 48 hours," Kuo said in a statement Wednesday.
In a disclaimer on its website, Baidu said users who uploaded the files must take on all liabilities and be responsible for compensation in any copyright disputes.
However, the writers insisted Baidu should bear responsibility, claiming the company took advantage of the uploads to "enhance its own influence, boost its stock price and increase its profits".
"We do not blame the friends who uploaded (the documents). We only blame the evil platform of Baidu," they said.
Baidu has long been criticised for flouting intellectual property rights and its MP3 search service, which provides links to free but often pirated music downloads, has drawn fire from the recording industry.
The US Trade Representative's office last month named Baidu as one of the world's top marketplaces for pirated and counterfeit goods, saying the company was enabling piracy with "deep linking" searches.
Baidu has around 75 percent of the Chinese search market, compared with the 19.6 percent held by Google, which has been losing ground since a public spat with Beijing last year over censorship, according to analysts.
16.03.2011
BEIJING (AFP) – Dozens of popular Chinese writers have accused search engine giant Baidu of infringing their copyright and branded it a "thief" in the latest claims of piracy against the company.
More than 40 writers, including controversial blogger Han Han, have signed a letter claiming Baidu provided their works for free to download on its online library Baidu Wenku without their permission.
"Baidu has become a totally corrupt thief company," the authors said in the letter posted Tuesday on the website of government-linked China Written Works Copyright Society.
"It stole our works, our rights, our property and has turned Baidu Wenku into a marketplace of stolen goods," it said.
Baidu Wenku was launched in 2009 and allows users to read, share or download files and books, or their excerpts, for free. Readers can also purchase books from the online library -- at a much lower cost than the cover price.
All documents are uploaded by Internet users and as of November Baidu Wenku had stockpiled more than 10 million files and books, accounting for 70 percent of China's online file sharing market, according to the company's figures.
Baidu spokesman Kaiser Kuo said the search engine "attaches great importance to intellectual property rights protection" and had deleted "tens of thousands of infringing items" uploaded by web users.
"We promised that authors or copyright holders can report problematic content found on Baidu Library to the complaint centre ... and we will delete infringing content within 48 hours," Kuo said in a statement Wednesday.
In a disclaimer on its website, Baidu said users who uploaded the files must take on all liabilities and be responsible for compensation in any copyright disputes.
However, the writers insisted Baidu should bear responsibility, claiming the company took advantage of the uploads to "enhance its own influence, boost its stock price and increase its profits".
"We do not blame the friends who uploaded (the documents). We only blame the evil platform of Baidu," they said.
Baidu has long been criticised for flouting intellectual property rights and its MP3 search service, which provides links to free but often pirated music downloads, has drawn fire from the recording industry.
The US Trade Representative's office last month named Baidu as one of the world's top marketplaces for pirated and counterfeit goods, saying the company was enabling piracy with "deep linking" searches.
Baidu has around 75 percent of the Chinese search market, compared with the 19.6 percent held by Google, which has been losing ground since a public spat with Beijing last year over censorship, according to analysts.
Baidu Bides Its Time By Forming A New Base
By DONALD H. GOLD, INVESTOR'S BUSINESS DAILY
Posted 05:33 PM ET
What do the best stocks do during a correction? They build bases. Baidu (BIDU), China's No. 1 search engine, is doing just that.
The stock has been consolidating for almost five weeks with support at its 10-week moving average.
Baidu's shares have corrected just 14% so far within this pattern. Such a shallow retreat in the face of some withering sell-offs in the broad market makes this pattern all the more impressive.
Baidu's chart appears to be shaping a flat base. While the market storm rages elsewhere, Baidu's sideways action shows low volume — perfect behavior for a stock building a base.
Demand for searches and other Web-based content are booming in China. The youths of that huge emerging market are especially avid about embracing the Web.
The need for communications, gaming and news in the sprawling nation of 1.3 billion people is creating a host of Internet-related market leaders, past and present — and probably future as well.
With nearly 80% of the search market under its belt, one may ask where Baidu will find its growth.
The answer is from China's still-growing Internet market. True, the country's 450 million Internet users makes China the most-wired nation on Earth. But with only 30% of China's population on the Web, the growth potential is still huge, some analysts say.
Above all, Baidu's model relies not on subscription payments, but on online advertising. That market has been booming, and most analysts see more explosive growth in the years ahead.
In a March 1 research note, Kaufman Bros. said it expects a 50% compound annual growth rate from China's online ad market this year.
Kaufman analyst Mayuresh Masurekar expected fresh growth from China's e-commerce advertisers, although this outlook was published before Japan's devastating earthquake and tsunami.
The devastation and nuclear crisis from that disaster have roiled stocks around the globe. Some of the best stocks have gotten pounded.
But, by holding relatively stable, Baidu is proving itself. That's how Baidu wins a Relative Price Strength Rating of 93, and a Relative Strength line that's near new highs. By moving sideways, Baidu is relatively strong amid weakening markets.
Baidu's awesome full-year 2010 results — EPS surged 143%, sales climbed 81% — were helped by Google's (GOOG) withdrawal from the mainland in a dispute with Beijing over privacy and censorship.
Baidu's Q4 results, released on Jan. 31, showed a 174% earnings increase as sales surged 101%.
The report marked Baidu's fourth straight, quarterly triple-digit EPS gain, and its fourth straight quarter of sales acceleration.
The company's latest results triggered a breakout from a cup-with-handle base on Feb. 1. The stock climbed 20% until it started making its current base. It is a late-stage pattern, however.
By DONALD H. GOLD, INVESTOR'S BUSINESS DAILY
Posted 05:33 PM ET
What do the best stocks do during a correction? They build bases. Baidu (BIDU), China's No. 1 search engine, is doing just that.
The stock has been consolidating for almost five weeks with support at its 10-week moving average.
Baidu's shares have corrected just 14% so far within this pattern. Such a shallow retreat in the face of some withering sell-offs in the broad market makes this pattern all the more impressive.
Baidu's chart appears to be shaping a flat base. While the market storm rages elsewhere, Baidu's sideways action shows low volume — perfect behavior for a stock building a base.
Demand for searches and other Web-based content are booming in China. The youths of that huge emerging market are especially avid about embracing the Web.
The need for communications, gaming and news in the sprawling nation of 1.3 billion people is creating a host of Internet-related market leaders, past and present — and probably future as well.
With nearly 80% of the search market under its belt, one may ask where Baidu will find its growth.
The answer is from China's still-growing Internet market. True, the country's 450 million Internet users makes China the most-wired nation on Earth. But with only 30% of China's population on the Web, the growth potential is still huge, some analysts say.
Above all, Baidu's model relies not on subscription payments, but on online advertising. That market has been booming, and most analysts see more explosive growth in the years ahead.
In a March 1 research note, Kaufman Bros. said it expects a 50% compound annual growth rate from China's online ad market this year.
Kaufman analyst Mayuresh Masurekar expected fresh growth from China's e-commerce advertisers, although this outlook was published before Japan's devastating earthquake and tsunami.
The devastation and nuclear crisis from that disaster have roiled stocks around the globe. Some of the best stocks have gotten pounded.
But, by holding relatively stable, Baidu is proving itself. That's how Baidu wins a Relative Price Strength Rating of 93, and a Relative Strength line that's near new highs. By moving sideways, Baidu is relatively strong amid weakening markets.
Baidu's awesome full-year 2010 results — EPS surged 143%, sales climbed 81% — were helped by Google's (GOOG) withdrawal from the mainland in a dispute with Beijing over privacy and censorship.
Baidu's Q4 results, released on Jan. 31, showed a 174% earnings increase as sales surged 101%.
The report marked Baidu's fourth straight, quarterly triple-digit EPS gain, and its fourth straight quarter of sales acceleration.
The company's latest results triggered a breakout from a cup-with-handle base on Feb. 1. The stock climbed 20% until it started making its current base. It is a late-stage pattern, however.
Hallo, anbei ein link zu einer charttechnischen Analyse von BIDU im Vergleich zum S&P 500 Index:
http://www.facebook.com/pages/LRT-Finanz-Research/1419127697…
Gruß,
Randolff
http://www.facebook.com/pages/LRT-Finanz-Research/1419127697…
Gruß,
Randolff
23.03.2011 08:58
Chinesische Baidu imitiert Google bei Handybetriebssystem
Das größte chinesische Internetunternehmen Baidu plant laut einem Zeitungsbericht die Entwicklung einer einfachen und schnellen Software für Mobilfunkgeräte, ähnlich wie der Internetkonzern Google . In den kommenden drei bis fünf Jahren solle eine Software entwickelt werden, die es den Nutzern erlaube, nur wenige Sekunden nach Start ihres Smartphones oder ihres Tablet-PC Suchabfragen im Internet durchzuführen, sagte Baidu-Chef Robin Li der "Financial Times" (Mittwochausgabe).
"Damit ein Betriebssystem funktioniert, ist viel Rechenleistung notwendig. Aber wenn es nur um eine Maske mit einer Suchabfrage geht, wird die Aufgabe viel leichter", sagte Li."Wenn man jetzt sein iPhone startet, dauert es 45 Sekunden, bevor man etwas tun kann." In der Zukunft werde es nur eine Sekunde dauern. "Das ist unsere Mission für die Zukunft des Internets".
Auch das Betriebssystem Chrome OS des Suchmaschinenspezialisten Google soll die Wartezeiten beim Hochfahren minimieren. Hierzu setzt der Konzern auf das sogenannte Cloud Computing. Lediglich ein paar Anwendungen und Programme müssten dann auf dem PC oder Handy direkt installiert werden. Der Rest stehe im Internet zur Verfügung./hossps/stb/tw
Chinesische Baidu imitiert Google bei Handybetriebssystem
Das größte chinesische Internetunternehmen Baidu plant laut einem Zeitungsbericht die Entwicklung einer einfachen und schnellen Software für Mobilfunkgeräte, ähnlich wie der Internetkonzern Google . In den kommenden drei bis fünf Jahren solle eine Software entwickelt werden, die es den Nutzern erlaube, nur wenige Sekunden nach Start ihres Smartphones oder ihres Tablet-PC Suchabfragen im Internet durchzuführen, sagte Baidu-Chef Robin Li der "Financial Times" (Mittwochausgabe).
"Damit ein Betriebssystem funktioniert, ist viel Rechenleistung notwendig. Aber wenn es nur um eine Maske mit einer Suchabfrage geht, wird die Aufgabe viel leichter", sagte Li."Wenn man jetzt sein iPhone startet, dauert es 45 Sekunden, bevor man etwas tun kann." In der Zukunft werde es nur eine Sekunde dauern. "Das ist unsere Mission für die Zukunft des Internets".
Auch das Betriebssystem Chrome OS des Suchmaschinenspezialisten Google soll die Wartezeiten beim Hochfahren minimieren. Hierzu setzt der Konzern auf das sogenannte Cloud Computing. Lediglich ein paar Anwendungen und Programme müssten dann auf dem PC oder Handy direkt installiert werden. Der Rest stehe im Internet zur Verfügung./hossps/stb/tw
Na, das geht ja seinen Gang heute. Aktuell + 4,5% und neues Hoch ausgebildet.
Das Teil läuft wie ein Uhrwerk.
Das Teil läuft wie ein Uhrwerk.
Antwort auf Beitrag Nr.: 41.255.637 von Karlll am 23.03.11 19:38:34wie ein Schweizer Uhrwerk
Antwort auf Beitrag Nr.: 41.256.051 von mann337 am 23.03.11 20:27:38wie ein Schweizer Uhrwerk
So ist die Sache !!!
So ist die Sache !!!
Is Baidu Phoning It In?
http://www.fool.com/investing/general/2011/03/23/is-baidu-ph…
Rick Aristotle Munarriz
March 23, 2011
Baidu (Nasdaq: BIDU ) is becoming the Ke$ha to Google's (Nasdaq: GOOG ) Lady Gaga.
Just as Baidu has followed Google with its own tweaked versions of search, Adwords, and Adsense, China's leading search engine is now apparently setting its sites on rolling out a mobile operating system.
In a Financial Times interview published yesterday, Baidu CEO Robin Li discusses a stripped-down platform that would open to a single Baidu search box. Li's vision of "box computing" may seem ludicrous at first. Who wants a dumbed-down smartphone? Who wants a tablet that doesn't open up to shiny icons promising multimedia goodness with a single tap?
However, Li's vision is an operating system that boots up in a second, unlike the nearly 45 seconds he claims that it takes some Apple (Nasdaq: AAPL ) iPhones to load up.
Will this be enough to differentiate Baidu in a sea of mobile operating systems? It probably isn't going to help that the Financial Times claims that it will be another three to five years before Baidu's platform is released. It promises to be an entirely different landscape by then, and that's not necessarily a good thing.
It also bears pointing out that a Baidu spokesman told Bloomberg this morning that Li never revealed that Baidu was actually working on a light operating system. The spokesman couldn't confirm or deny the report. It may simply be Li dreaming out loud -- though we all know how easy it is for these publicly voiced dreams to ultimately come true.
It's easy to see why the dot-com darling is likely following Google into this niche. Just as Google has a hit with Android and another potential winner with Chrome, a search company can't resist the vertical integration. Baidu may command all but roughly a quarter of China's search market, but mobile search promises to be an entirely different market. Every device where Baidu can serve up its eventual operating system on assures it of being the box computing's box.
Baidu obviously has a branding advantage in the world's most populous nation, but it still needs to cultivate the hardware relationships to make this happen.
Google had it easy. Handset and tablet makers flocked to Android because it was a free open source solution. Instead of negotiating with Microsoft (Nasdaq: MSFT ) or dealing with the closed ecosystems of Apple and Research in Motion (Nasdaq: RIMM ) , Android has become the operating system of choice in entry-level gadgetry. Waiting a few years will make both the global and Chinese marketplaces that much more competitive.
Li's allowed the luxury of dreaming out loud, though. Unlike other Chinese tech stocks that have been slammed lately, Baidu's stock is within pocket change of its all-time high.
The failure of Microsoft's Kin may seem to indicate that consumers don't want a simplified platform, but who are we to tell Li to think outside of the box given his amazing track record?
Tik Tok, Li.
http://www.fool.com/investing/general/2011/03/23/is-baidu-ph…
Rick Aristotle Munarriz
March 23, 2011
Baidu (Nasdaq: BIDU ) is becoming the Ke$ha to Google's (Nasdaq: GOOG ) Lady Gaga.
Just as Baidu has followed Google with its own tweaked versions of search, Adwords, and Adsense, China's leading search engine is now apparently setting its sites on rolling out a mobile operating system.
In a Financial Times interview published yesterday, Baidu CEO Robin Li discusses a stripped-down platform that would open to a single Baidu search box. Li's vision of "box computing" may seem ludicrous at first. Who wants a dumbed-down smartphone? Who wants a tablet that doesn't open up to shiny icons promising multimedia goodness with a single tap?
However, Li's vision is an operating system that boots up in a second, unlike the nearly 45 seconds he claims that it takes some Apple (Nasdaq: AAPL ) iPhones to load up.
Will this be enough to differentiate Baidu in a sea of mobile operating systems? It probably isn't going to help that the Financial Times claims that it will be another three to five years before Baidu's platform is released. It promises to be an entirely different landscape by then, and that's not necessarily a good thing.
It also bears pointing out that a Baidu spokesman told Bloomberg this morning that Li never revealed that Baidu was actually working on a light operating system. The spokesman couldn't confirm or deny the report. It may simply be Li dreaming out loud -- though we all know how easy it is for these publicly voiced dreams to ultimately come true.
It's easy to see why the dot-com darling is likely following Google into this niche. Just as Google has a hit with Android and another potential winner with Chrome, a search company can't resist the vertical integration. Baidu may command all but roughly a quarter of China's search market, but mobile search promises to be an entirely different market. Every device where Baidu can serve up its eventual operating system on assures it of being the box computing's box.
Baidu obviously has a branding advantage in the world's most populous nation, but it still needs to cultivate the hardware relationships to make this happen.
Google had it easy. Handset and tablet makers flocked to Android because it was a free open source solution. Instead of negotiating with Microsoft (Nasdaq: MSFT ) or dealing with the closed ecosystems of Apple and Research in Motion (Nasdaq: RIMM ) , Android has become the operating system of choice in entry-level gadgetry. Waiting a few years will make both the global and Chinese marketplaces that much more competitive.
Li's allowed the luxury of dreaming out loud, though. Unlike other Chinese tech stocks that have been slammed lately, Baidu's stock is within pocket change of its all-time high.
The failure of Microsoft's Kin may seem to indicate that consumers don't want a simplified platform, but who are we to tell Li to think outside of the box given his amazing track record?
Tik Tok, Li.
hallo jungs und Mädels könnt Ihr mich mal kurz informieren warum für euch baidu ein kauf ist ?
für mich nur angesichts der zahlen ein klarer verkauf, KGV von 50 und schon 32 MRD marktkapitalisierung bei nur ca 1 MRD umsatz das ist echt wie am neuen Markt !!!
Warum sollten die in zuukunft mehr verdienen ?
Was ist daran so besonders es gibt doch tausende suchmaschienen.
habe die noch ein anderes Geschäft ?
Die sind mehr wert als daimler ist das Gerechtfertigt ?
steckt da substanz dahinter ?
Wäre euch dankbar für ein paar antworten, ich bin bei 132 USD Short in Baidu Kursziel 30 USD
MFG
für mich nur angesichts der zahlen ein klarer verkauf, KGV von 50 und schon 32 MRD marktkapitalisierung bei nur ca 1 MRD umsatz das ist echt wie am neuen Markt !!!
Warum sollten die in zuukunft mehr verdienen ?
Was ist daran so besonders es gibt doch tausende suchmaschienen.
habe die noch ein anderes Geschäft ?
Die sind mehr wert als daimler ist das Gerechtfertigt ?
steckt da substanz dahinter ?
Wäre euch dankbar für ein paar antworten, ich bin bei 132 USD Short in Baidu Kursziel 30 USD
MFG
ach übrigens wie sieht es hier mit Bilanzfälschung aus ?
Ich habe schon viele Unternehmen gesehen die das gemacht hat, mein riecher sagt mir das die Zahlen von Baidu und Priceline absoluter fake sind !!!
Also nehmt das zur kenntniss !!!
Achtung Bilanzfälschung
Ich habe schon viele Unternehmen gesehen die das gemacht hat, mein riecher sagt mir das die Zahlen von Baidu und Priceline absoluter fake sind !!!
Also nehmt das zur kenntniss !!!
Achtung Bilanzfälschung
'Mad Money Lightning Round': Baidu Shines
Scott Rutt
03/24/11 - 07:14 PM EDT
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Thursday evening.
Baidu.com (BIDU): "You want to own Baidu. I'm starting to warm up to Sina Corp (SINA), but Baidu remains my favorite stock in China."
CB Richard Ellis (CBG): "That's in the sweet spot of commercial real estate. That stock is a buy."
Accuride (ACW): "I want to own that as part of the truck bull market. That bull market lives."
Seattle Genetics (SGEN): "No, that stock is too speculative for me and I'm not going to go there. There are a lot of other things I like more."
CNH Global (CNH): "I love the ag world. They haven't had a lot of luck lately. I do like Potash (POT) more though."
--Written by Scott Rutt in Washington, D.C.
Scott Rutt
03/24/11 - 07:14 PM EDT
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Thursday evening.
Baidu.com (BIDU): "You want to own Baidu. I'm starting to warm up to Sina Corp (SINA), but Baidu remains my favorite stock in China."
CB Richard Ellis (CBG): "That's in the sweet spot of commercial real estate. That stock is a buy."
Accuride (ACW): "I want to own that as part of the truck bull market. That bull market lives."
Seattle Genetics (SGEN): "No, that stock is too speculative for me and I'm not going to go there. There are a lot of other things I like more."
CNH Global (CNH): "I love the ag world. They haven't had a lot of luck lately. I do like Potash (POT) more though."
--Written by Scott Rutt in Washington, D.C.
Baidu Develops Web Browser as China Search Leader Plans to Expand Service
By Mark Lee and Hugo Miller - Mar 25, 2011 5:49 PM GMT+0100
Baidu Inc., China’s biggest Internet company by market value, rose to a record in Nasdaq trading as the country’s leading search engine said it has developed a Web browser for personal computers.
The desktop browser is being tested internally among employees at present, Baidu spokesman Kaiser Kuo said in an interview today. The new service “dovetails” with the company’s “box-computing” technology, he said, without disclosing when it will be offered to the public.
The browser may put Baidu in direct competition with Microsoft Corp. (MSFT)’s Internet Explorer and Google Inc. (GOOG)’s Chrome. Chief Executive Officer Robin Li is expanding Baidu in social- networking and online videos after the Beijing-based company took search-engine market share from Google in China, the world’s biggest online market.
Motorola Mobility Holdings Inc. has held talks with Baidu about an operating system for mobile phones, according to Sanjay Jha, chief executive officer at the Libertyville, Illinois-based company. Kuo today declined to comment on Baidu’s plans for an operating system, saying the company doesn’t discuss the development of products that haven’t been introduced.
Baidu rose $2.92, or 2.2 percent, to $136.39 at 12:22 p.m. New York time in Nasdaq Stock Market trading, the highest level since trading began in August, 2005. The stock had surged 38 percent in U.S. trading this year before today.
Box Computing
This week, Baidu’s Kuo neither confirmed or denied a March 23 Financial Times report saying the company is planning to develop a “light operating system,” after the newspaper’s interview with CEO Li. The executive didn’t specifically tell FT that the company will develop an operating system for mobile devices, and he focused only on Baidu’s “box-computing” technology, Kuo said on March 23.
Baidu’s vision is to “obviate” operating systems so that the customer interface on any device, be it a personal computer, notebook, tablet or smartphone, is a simple, yet powerful search box using conversational language, Kuo said. Baidu has said it intends to develop its box-computing service to link the provision of content including books, video games and other entertainment, to online searches.
Baidu accounted for 75.5 percent of China’s search-engine market by revenue in the fourth quarter, rising from 73 percent in the previous three months, according to research company Analysys International. Google’s share dropped to 19.6 percent from 21.6 percent, the research firm said.
By Mark Lee and Hugo Miller - Mar 25, 2011 5:49 PM GMT+0100
Baidu Inc., China’s biggest Internet company by market value, rose to a record in Nasdaq trading as the country’s leading search engine said it has developed a Web browser for personal computers.
The desktop browser is being tested internally among employees at present, Baidu spokesman Kaiser Kuo said in an interview today. The new service “dovetails” with the company’s “box-computing” technology, he said, without disclosing when it will be offered to the public.
The browser may put Baidu in direct competition with Microsoft Corp. (MSFT)’s Internet Explorer and Google Inc. (GOOG)’s Chrome. Chief Executive Officer Robin Li is expanding Baidu in social- networking and online videos after the Beijing-based company took search-engine market share from Google in China, the world’s biggest online market.
Motorola Mobility Holdings Inc. has held talks with Baidu about an operating system for mobile phones, according to Sanjay Jha, chief executive officer at the Libertyville, Illinois-based company. Kuo today declined to comment on Baidu’s plans for an operating system, saying the company doesn’t discuss the development of products that haven’t been introduced.
Baidu rose $2.92, or 2.2 percent, to $136.39 at 12:22 p.m. New York time in Nasdaq Stock Market trading, the highest level since trading began in August, 2005. The stock had surged 38 percent in U.S. trading this year before today.
Box Computing
This week, Baidu’s Kuo neither confirmed or denied a March 23 Financial Times report saying the company is planning to develop a “light operating system,” after the newspaper’s interview with CEO Li. The executive didn’t specifically tell FT that the company will develop an operating system for mobile devices, and he focused only on Baidu’s “box-computing” technology, Kuo said on March 23.
Baidu’s vision is to “obviate” operating systems so that the customer interface on any device, be it a personal computer, notebook, tablet or smartphone, is a simple, yet powerful search box using conversational language, Kuo said. Baidu has said it intends to develop its box-computing service to link the provision of content including books, video games and other entertainment, to online searches.
Baidu accounted for 75.5 percent of China’s search-engine market by revenue in the fourth quarter, rising from 73 percent in the previous three months, according to research company Analysys International. Google’s share dropped to 19.6 percent from 21.6 percent, the research firm said.
Zitat von meisterfu: ach übrigens wie sieht es hier mit Bilanzfälschung aus ?
Ich habe schon viele Unternehmen gesehen die das gemacht hat, mein riecher sagt mir das die Zahlen von Baidu und Priceline absoluter fake sind !!!
Also nehmt das zur kenntniss !!!
Achtung Bilanzfälschung
glaube ich nicht. bei bidu werden täglich ca. 1 milliarde usd an der börse gehandelt. da zocken keine kleinanleger, dass sind institutionelle anleger die da dahinter stehen. ich würde darauf vertrauen, dass die ihre hausaufgaben gemacht haben.
bilanzfälschungen sind bei chinaaktien leider immer ein thema, aber ich denke nur bei den kleinen klitschen, die nicht überwacht werden. bidu ist das vorzeigeunternehmen chinas, fälschungen kann man sich da nicht so leicht erlauben.
und außerdem, bidu hat am freitag ein neues ath erreicht und das während der momentanen marktkonsolidierung, dass spricht von stärke. die institutionellen anleger legen also noch nach, von abgabedruck keine spur. das schlimmste was man hier machen kann, wäre im bestehenden aufwärtstrend zu shorten.
Baidu Mulls Buying English-Language Search Engine
Mar. 28 2011 - 9:08 am
By ERIC SAVITZ
Look out, Google (GOOG).
At the China (Shenzhen) IT Leadership Summit, according to Marbridge Consulting’s daily roundup of China business news, Baidu (BIDU) CEO Robin Li said the Chinese Internet search company intends to buy a small-scale English-language search engine company to improve Baidu’s English language search capabilities.
While it seems unlikely that Baidu has any plans to take on Google in the U.S. market, you never know. And the company’s willingness to both work with meddlesome government officials and its experience providing search services in markets where large numbers of people access the Web via slow-speed mobile devices could put the company in a position to compete with Google in certain markets if it had more English language expertise – India, for instance.
Mar. 28 2011 - 9:08 am
By ERIC SAVITZ
Look out, Google (GOOG).
At the China (Shenzhen) IT Leadership Summit, according to Marbridge Consulting’s daily roundup of China business news, Baidu (BIDU) CEO Robin Li said the Chinese Internet search company intends to buy a small-scale English-language search engine company to improve Baidu’s English language search capabilities.
While it seems unlikely that Baidu has any plans to take on Google in the U.S. market, you never know. And the company’s willingness to both work with meddlesome government officials and its experience providing search services in markets where large numbers of people access the Web via slow-speed mobile devices could put the company in a position to compete with Google in certain markets if it had more English language expertise – India, for instance.
Should You Invest In Baidu.Com, Inc. (ADR) (NASDAQ:BIDU)?
By: iStockAnalyst | Mar 29, 2011
Four days back, the shares of Baidu.com (BIDU: 120.5, -1.14) established a new 52 week high of $136.49 on the news that the company created a Web browser for personal computers. Yesterday, the shares closed trading at $133.67, slightly below the high price of $133.97 on March 23. Given that year-to-date, the share price has increased by $35.46 or 36.11%, analysts' consensus one year target price of $140 could be broken with in the next few days. Should you now buy the stock hoping that the run-up in price will continue for the next few months or should you avoid the stock fearing that it is too hot to touch?
Web browser for personal computers and much more
On March 23, 2011, BIDU rose 4%, following an unconfirmed article from WSJ.com indicating the company was planning to take its "box computing" initiative to mobile devices. BIDU has been talking about box computing, e.g., the notion that computer-based tasks could and perhaps should start from the traditional and eponymous search box. The FT went further, indicating that BIDU is planning a mobile operating system, but the company's spokespersons haven't confirmed this. Nonetheless, I think BIDU has considerable assets and opportunity, notably in mobile. On March 25, an unconfirmed Bloomberg report indicated that BIDU has been developing and internally testing browser software for computers. The company may confirm this report soon, as BIDU has been working on its "box computing" initiative for a few years, to allow and promote the traditional search box as the beginning and center of the computing experience. A browser would seemingly help fulfill this vision, enabling a more integrated and successful related user experience.
Earnings view remains favorable …however
In the last four quarters ending December 2010, the company's reported EPS exceeded analysts' consensuses by margins in the range of 7.14% and 33.33%. For the fiscal year ending December 2011, the consensus EPS forecast has remained the same over the past week at $2.490 and remained the same over the past month at $2.490. Over the next five years, the analysts that follow this company are expecting it to grow earnings at an average annual rate of 71.3%. This compares favorably to 14.5% for its country rival Sohu.com Inc. (NASDAQ:SOHU: 77.8, -0.97), and to 17.7% for the global rival Google Inc. (NASDAQ:GOOG: 561.06, -0.3).
BIDU has reduced their R&D expenditures (currently $109.3 million) over the past two years and this could impact its new product launches. Another way to look at R&D expenditure is to consider Price/Research ratio. This ratio indicates how much a market values a company's Research and Development (R&D). Companies with Price/Research ratios greater than 15 should never be purchased, because they either spend too little on R&D or are extremely overvalued. BIDU's Price/Research ratio of 430.19 is considered extremely unfavorable.
Valuation
Bidu is a fast grower - the EPS growth rate for BIDU is 97.7%, based on the average of the 3, 4 and 5 year historical eps growth rates, is difficult to maintain in the next 3 to 5 years. The share looks hot when we consider its P/E of 87.64 or P/B of 36.68. Sooner than later, the market is going to rerate the stock with a downward revision in metrics.
BIDU's current stock price ($134.92) is within 15% of the 52-week high ($136.49). This a positive sign. The company's relative strength trend has been increasing over the last 4 months. This type of price action is favorable.
Risks
On February 28, 2011, a U.S. Trade Representative (USTR) included BIDU on a list of notorious markets exemplifying struggles against piracy and counterfeiting. As per the USTR, BIDU is associated with the problem of "deep linking," or providing links to access allegedly infringing materials. If the company fails to address this issue then the investment thesis in the stock could go wrong. However, I hasten to add that the company seems to be addressing this issue.
Net on net
Net on net, I think, investing in BIDU is a case of sitting on a gold mine (if you are lucky) or a land mine (if you are unlucky).
More Articles by iStockAnalyst
By: iStockAnalyst | Mar 29, 2011
Four days back, the shares of Baidu.com (BIDU: 120.5, -1.14) established a new 52 week high of $136.49 on the news that the company created a Web browser for personal computers. Yesterday, the shares closed trading at $133.67, slightly below the high price of $133.97 on March 23. Given that year-to-date, the share price has increased by $35.46 or 36.11%, analysts' consensus one year target price of $140 could be broken with in the next few days. Should you now buy the stock hoping that the run-up in price will continue for the next few months or should you avoid the stock fearing that it is too hot to touch?
Web browser for personal computers and much more
On March 23, 2011, BIDU rose 4%, following an unconfirmed article from WSJ.com indicating the company was planning to take its "box computing" initiative to mobile devices. BIDU has been talking about box computing, e.g., the notion that computer-based tasks could and perhaps should start from the traditional and eponymous search box. The FT went further, indicating that BIDU is planning a mobile operating system, but the company's spokespersons haven't confirmed this. Nonetheless, I think BIDU has considerable assets and opportunity, notably in mobile. On March 25, an unconfirmed Bloomberg report indicated that BIDU has been developing and internally testing browser software for computers. The company may confirm this report soon, as BIDU has been working on its "box computing" initiative for a few years, to allow and promote the traditional search box as the beginning and center of the computing experience. A browser would seemingly help fulfill this vision, enabling a more integrated and successful related user experience.
Earnings view remains favorable …however
In the last four quarters ending December 2010, the company's reported EPS exceeded analysts' consensuses by margins in the range of 7.14% and 33.33%. For the fiscal year ending December 2011, the consensus EPS forecast has remained the same over the past week at $2.490 and remained the same over the past month at $2.490. Over the next five years, the analysts that follow this company are expecting it to grow earnings at an average annual rate of 71.3%. This compares favorably to 14.5% for its country rival Sohu.com Inc. (NASDAQ:SOHU: 77.8, -0.97), and to 17.7% for the global rival Google Inc. (NASDAQ:GOOG: 561.06, -0.3).
BIDU has reduced their R&D expenditures (currently $109.3 million) over the past two years and this could impact its new product launches. Another way to look at R&D expenditure is to consider Price/Research ratio. This ratio indicates how much a market values a company's Research and Development (R&D). Companies with Price/Research ratios greater than 15 should never be purchased, because they either spend too little on R&D or are extremely overvalued. BIDU's Price/Research ratio of 430.19 is considered extremely unfavorable.
Valuation
Bidu is a fast grower - the EPS growth rate for BIDU is 97.7%, based on the average of the 3, 4 and 5 year historical eps growth rates, is difficult to maintain in the next 3 to 5 years. The share looks hot when we consider its P/E of 87.64 or P/B of 36.68. Sooner than later, the market is going to rerate the stock with a downward revision in metrics.
BIDU's current stock price ($134.92) is within 15% of the 52-week high ($136.49). This a positive sign. The company's relative strength trend has been increasing over the last 4 months. This type of price action is favorable.
Risks
On February 28, 2011, a U.S. Trade Representative (USTR) included BIDU on a list of notorious markets exemplifying struggles against piracy and counterfeiting. As per the USTR, BIDU is associated with the problem of "deep linking," or providing links to access allegedly infringing materials. If the company fails to address this issue then the investment thesis in the stock could go wrong. However, I hasten to add that the company seems to be addressing this issue.
Net on net
Net on net, I think, investing in BIDU is a case of sitting on a gold mine (if you are lucky) or a land mine (if you are unlucky).
More Articles by iStockAnalyst
Update: Goldman Raising Price Target On Baidu.com (BIDU)
By Roger Nachman
Created 03/30/2011 - 7:57am
Posted on 03/30/11 at 7:57am by Roger Nachman
Goldman Sachs has a Buy rating and a $145 price target on shares of Baidu.com, Inc. (NASDAQ: BIDU [2]), up from $130.
In a note to clients, Goldman writes, "(1) We now forecast Baidu continuing to gain search revenue share at about 3 percentage points per year in 2012 and 2013, as we think Google will lose critical advertiser mass (similar to Yahoo! in the US) before rival local search engines gain critical advertiser mass. (2) Thanks to share gains, we model Baidu growing revenue 50% yoy (from 43%) in 2012 and 36% yoy (from 33%) in 2013. We thus increase our 2012 EPS estimate by 4% to $3.83, and 2013 by 5% to $5.23. We forecast China search at 6 bp of GDP in 2013, versus global search at 6 bp of GDP in 2010, and US, UK and Korea search at 12-13 bp of GDP in 2010. (3) Baidu's annual report shows that paid clicks grew 56% yoy in 2010, accelerating from 17% in 2009. Implied price per click growth was 14% yoy in 2010, from 19% in 2009. We believe the paid click volume acceleration should calm concerns that Baidu is relying too much on price inflation to drive growth; we forecast paid lead volume remaining its chief growth driver in 2011 and beyond, as queries and coverage increase."
Shares of BIDU gained $2.33 yesterday to close at $136.00, a gain of 1.74%.
By Roger Nachman
Created 03/30/2011 - 7:57am
Posted on 03/30/11 at 7:57am by Roger Nachman
Goldman Sachs has a Buy rating and a $145 price target on shares of Baidu.com, Inc. (NASDAQ: BIDU [2]), up from $130.
In a note to clients, Goldman writes, "(1) We now forecast Baidu continuing to gain search revenue share at about 3 percentage points per year in 2012 and 2013, as we think Google will lose critical advertiser mass (similar to Yahoo! in the US) before rival local search engines gain critical advertiser mass. (2) Thanks to share gains, we model Baidu growing revenue 50% yoy (from 43%) in 2012 and 36% yoy (from 33%) in 2013. We thus increase our 2012 EPS estimate by 4% to $3.83, and 2013 by 5% to $5.23. We forecast China search at 6 bp of GDP in 2013, versus global search at 6 bp of GDP in 2010, and US, UK and Korea search at 12-13 bp of GDP in 2010. (3) Baidu's annual report shows that paid clicks grew 56% yoy in 2010, accelerating from 17% in 2009. Implied price per click growth was 14% yoy in 2010, from 19% in 2009. We believe the paid click volume acceleration should calm concerns that Baidu is relying too much on price inflation to drive growth; we forecast paid lead volume remaining its chief growth driver in 2011 and beyond, as queries and coverage increase."
Shares of BIDU gained $2.33 yesterday to close at $136.00, a gain of 1.74%.
March 30, 2011 8:29 AM PDT
Another Google service facing uncertainty in China
by Lance Whitney
Google is facing potential trouble with the Chinese government over yet another one of its services.
The future of Google Maps, the company's online mapping service, may be in jeopardy as the company reportedly has yet to file the required application with the Chinese government to keep the service running, and the deadline is tomorrow.
China's State Bureau of Surveying and Mapping confirmed that it has not received an application from Google for a license for Google Maps, according to Bloomberg and other sources. If tomorrow's deadline passes, and a license application still has not been received, the bureau said that the service would face "administrative actions" by July 1.
Google has not responded to a request for comment. Bloomberg, however, had the following statement from the company: "We are examining the regulations to understand their impact on our maps products in China."
China's potential actions against Google Maps are part of the country's overall effort to crack down on "illegal" online mapping services in light of their ability to reveal "sensitive and confidential" information, according to China's state-run news agency Xinhua. Such a crackdown would extend to unapproved online mapping sites, potentially leading to their shutdown.
China announced last spring that it would start requiring licenses for online mapping services, already putting the future of Google Maps in question. As of the middle of February, China has given licenses to 105 Web sites that provide online mapping in the country, including Baidu, Sina, Nokia, and China Mobile, Xinhua said.
Always tenuous, Google's relationship with China took another bad turn last week when the search giant accused Beijing of interfering with the operations of Gmail. The company also just suffered a blow to its overall market in China as Sina, the country's biggest Internet portal, said yesterday that it has replaced Google's search engine on its various Web sites with its own, according to AFP.
Lance Whitney
Full Profile E-mail Lance Whitney
Lance Whitney wears a few different technology hats--journalist, Web developer, and software trainer. He's a contributing editor for Microsoft TechNet Magazine and writes for other computer publications and Web sites. Lance is a member of the CNET Blog Network, and he is not an employee of CNET.
Another Google service facing uncertainty in China
by Lance Whitney
Google is facing potential trouble with the Chinese government over yet another one of its services.
The future of Google Maps, the company's online mapping service, may be in jeopardy as the company reportedly has yet to file the required application with the Chinese government to keep the service running, and the deadline is tomorrow.
China's State Bureau of Surveying and Mapping confirmed that it has not received an application from Google for a license for Google Maps, according to Bloomberg and other sources. If tomorrow's deadline passes, and a license application still has not been received, the bureau said that the service would face "administrative actions" by July 1.
Google has not responded to a request for comment. Bloomberg, however, had the following statement from the company: "We are examining the regulations to understand their impact on our maps products in China."
China's potential actions against Google Maps are part of the country's overall effort to crack down on "illegal" online mapping services in light of their ability to reveal "sensitive and confidential" information, according to China's state-run news agency Xinhua. Such a crackdown would extend to unapproved online mapping sites, potentially leading to their shutdown.
China announced last spring that it would start requiring licenses for online mapping services, already putting the future of Google Maps in question. As of the middle of February, China has given licenses to 105 Web sites that provide online mapping in the country, including Baidu, Sina, Nokia, and China Mobile, Xinhua said.
Always tenuous, Google's relationship with China took another bad turn last week when the search giant accused Beijing of interfering with the operations of Gmail. The company also just suffered a blow to its overall market in China as Sina, the country's biggest Internet portal, said yesterday that it has replaced Google's search engine on its various Web sites with its own, according to AFP.
Lance Whitney
Full Profile E-mail Lance Whitney
Lance Whitney wears a few different technology hats--journalist, Web developer, and software trainer. He's a contributing editor for Microsoft TechNet Magazine and writes for other computer publications and Web sites. Lance is a member of the CNET Blog Network, and he is not an employee of CNET.
hier gehts weiter gut voran
und das ist gut so
und das ist gut so
absolut....bin jetzt über ein Jahr dabei....
Baidu Shuts E-commerce Site and Builds a New One
by Willis Wee on April 1, 2011 in Asia, Tech
Both Reuters and WSJ reported that Baidu, China’s largest search engine, is shutting down Youa, its e-commerce subsidiary. Existing merchants have one month to migrate to either Rakuten China or Yaodian 100.
The reports were different in mood, though. Reuters wrote that Youa’s shut down highlighted Alibaba’s Taobao leadership position in the market. The report went on to explain how Taobao is bashing up its competitors. WSJ, on the other hand, wrote that the shift was more of a strategic move. Baidu is believed to be secretly building a new e-commerce platform which will better leverage its search engine technology. No further details were revealed.
Baidu’s move was triggered by the need to expand its business portfolio beyond search. Google would understand its Chinese counterpart’s struggle as it also went through a similar journey to expand to other services beyond search. In fact, Google did actually try to venture into e-commerce through its search engine (at least in my opinion).
Last November, I wrote about Google’s Product Ads whereby advertisers can place product ads right on its search result page. These product ads are different from Google’s normal text ads as it is accompanied by image and price. The key isn’t about the ads though. What’s important is that advertisers need not incur any cost until someone actually purchased the product. Below was what I wrote:
“With the new cost-per-action (CPA) model, even the most skeptical merchandiser would find Google’s Product Ads irresistible. It doesn’t hurt to try out Product Ads since unit sales covers the unit selling cost. It’s a beautiful plan for merchandisers and Google. Think about it. If Product Ads were to catch on, Google could be a huge marketplace for any product. The future of ecommerce could be “Google and buy”. I wonder if that is Google’s grand plan.”
Similarly, Baidu could do the same. But the question is whether Chinese users will log on to Baidu or Taobao as first destination when looking to purchase a product. What do you think?
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by Willis Wee on April 1, 2011 in Asia, Tech
Both Reuters and WSJ reported that Baidu, China’s largest search engine, is shutting down Youa, its e-commerce subsidiary. Existing merchants have one month to migrate to either Rakuten China or Yaodian 100.
The reports were different in mood, though. Reuters wrote that Youa’s shut down highlighted Alibaba’s Taobao leadership position in the market. The report went on to explain how Taobao is bashing up its competitors. WSJ, on the other hand, wrote that the shift was more of a strategic move. Baidu is believed to be secretly building a new e-commerce platform which will better leverage its search engine technology. No further details were revealed.
Baidu’s move was triggered by the need to expand its business portfolio beyond search. Google would understand its Chinese counterpart’s struggle as it also went through a similar journey to expand to other services beyond search. In fact, Google did actually try to venture into e-commerce through its search engine (at least in my opinion).
Last November, I wrote about Google’s Product Ads whereby advertisers can place product ads right on its search result page. These product ads are different from Google’s normal text ads as it is accompanied by image and price. The key isn’t about the ads though. What’s important is that advertisers need not incur any cost until someone actually purchased the product. Below was what I wrote:
“With the new cost-per-action (CPA) model, even the most skeptical merchandiser would find Google’s Product Ads irresistible. It doesn’t hurt to try out Product Ads since unit sales covers the unit selling cost. It’s a beautiful plan for merchandisers and Google. Think about it. If Product Ads were to catch on, Google could be a huge marketplace for any product. The future of ecommerce could be “Google and buy”. I wonder if that is Google’s grand plan.”
Similarly, Baidu could do the same. But the question is whether Chinese users will log on to Baidu or Taobao as first destination when looking to purchase a product. What do you think?
Share this post
Submit 'Baidu Shuts E-commerce Site and Builds a New One' to Del.icio.usSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to diggSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to redditSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to Technorati
Submit 'Baidu Shuts E-commerce Site and Builds a New One' to Stumble UponSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to Google BookmarksSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to FaceBookSubmit 'Baidu Shuts E-commerce Site and Builds a New One' to Twitter
MARCH 31, 2011, 3:14 P.M. ET
Google Losing Ground in China
Business Slips a Year After Moving Search Services to Hong Kong in Feud with Beijing
By LORETTA CHAO And OWEN FLETCHER
BEIJING—A year after Google Inc. moved its search services out of China, the Internet giant is struggling to maintain traction on a range of businesses in the country despite its executives' desire to keep growing in the wake of a feud with the Chinese government.
Chinese online media company Sina Corp. said this week that it dropped Google's Web search service from its popular portal site, marking an end to one of its most important remaining partnerships in the market.
At the same time, Google's Gmail free email service has become difficult to use in China; the company blames stepped up efforts by censors to disrupt Gmail access.
Meanwhile, new regulations to tighten oversight of online map providers make the future of Google's map service in China unclear. On Thursday—the deadline for applying for new online mapping licenses—Google said it was in discussions with the government on how it can continue operating the service. It wouldn't comment on the likely outcome of those talks.
The developments are the latest signs that significant parts of Google's business in China, home to more than 450 million Internet users, have been unraveling since last March. It was then that Google replaced its self-censored China search service with an unfiltered version based in Hong Kong, citing censorship and cyberattacks that the company said were traced to Chinese hackers.
The company's share of search market revenue in China dropped to 19.6% last quarter from 35.6% a year earlier, or just before Google's announcement, according to research firm Analysys International.
Chinese rival Baidu Inc. has thrived in the wake of weakened competition from Google, increasing its share of search market revenue to 75.5% in the fourth quarter from 58.4% in the last three months of 2009, according to Analysys.
Meanwhile, Android phones shipped officially in China from Motorola Mobility Holdings Inc. come pre-installed with links to search products by Baidu and Microsoft Corp.'s Bing, but not Google.
Still, Google has fared better than the most dire expectations after that move, which some analysts said might trigger a complete block of its services in China. Google still offers music-search service in China and maintains operations such as sales and research. While its Web search services are now hosted overseas, and are often unstable due to sporadic connection disruptions by China's Web filters, the search sites remain accessible.
Google president of Asia-Pacific operations Daniel Alegre said in January that Google is still committed to China and continues to invest "aggressively." He didn't provide details.
Google spokeswoman Jessica Powell said Thursday growth in China isn't dependent on Web search traffic there, and that the company continues to experience growth in revenue from China through sales of ads on its international websites purchased by Chinese companies targeting overseas users, as well as display ads on third-party websites.
But in the past year, Google's deals to provide technical support and Web search services to partners such as online forum operator Tianya.cn and Tom Group Ltd., also have ended—in part because the company is phasing out agreements to provide censored content to its partners. Executives have said the partnerships with these popular Chinese websites played an important role in helping the company boost its popularity among Chinese Internet users. Ms. Powell said the company continues to work with "hundreds of partners," large and small, in China.
Google's own Transparency Report shows that traffic from users in China has gradually decreased as a percentage of overall global traffic, to below 20% now from around 30% before the change.
State media outlets are also launching Web search and microblogging products of their own. In February, the People's Daily, flagship newspaper of the ruling Communist Party, hired the former head of Google's research institute in China as its chief scientist.
Many Google users in China lament that products like Gmail are now harder to use—especially in recent weeks as Chinese authorities have stepped up controls in the wake of online threats to hold "Jasmine Revolution" protests in China.
Google said earlier this month that government blocks were to blame for Gmail disruptions.
A Chinese Foreign Ministry spokeswoman rejected that claim, saying "We do not accept this type of accusation."
"The most obvious difference for me" since Google made its decision "is that many functions that were previously available are not accessible now," said Doris Yin, a 29-year-old Google user from Suzhou. Google's decision was "a bit pedantic," she said. "It should fight on to the end against dark forces" and continue operating in China.
"From the perspective of the development of China's Internet and user choices," Google's move was "definitely a setback," said Hao Wu, general manager of Daodao, the China subsidiary of Expedia Inc.'s TripAdvisor travel site.
Others say Google is the biggest loser from its decision. "The Chinese Internet has moved on," said Bill Bishop, a Beijing-based investor who follows the Chinese Internet industry, pointing to the continued growth of Chinese Internet firms, including a slew of initial public offerings in the sector since Google's decision. Google is "just basically descending into irrelevancy here," he said.
Google's top executives were split about how to handle China ahead of last year's decision, executives have said, with co-founder Sergey Brin particularly unhappy over the country's strict censorship rules. Then-Chief Executive Eric Schmidt, who initially advocated opening a search engine in China, resisted Mr. Brin's push to cease censoring, people familiar with the matter have said. Google announced in January that co-founder Larry Page will replace Mr. Schmidt as CEO starting Monday. Mr. Schmidt is remaining as executive chairman.
Google Losing Ground in China
Business Slips a Year After Moving Search Services to Hong Kong in Feud with Beijing
By LORETTA CHAO And OWEN FLETCHER
BEIJING—A year after Google Inc. moved its search services out of China, the Internet giant is struggling to maintain traction on a range of businesses in the country despite its executives' desire to keep growing in the wake of a feud with the Chinese government.
Chinese online media company Sina Corp. said this week that it dropped Google's Web search service from its popular portal site, marking an end to one of its most important remaining partnerships in the market.
At the same time, Google's Gmail free email service has become difficult to use in China; the company blames stepped up efforts by censors to disrupt Gmail access.
Meanwhile, new regulations to tighten oversight of online map providers make the future of Google's map service in China unclear. On Thursday—the deadline for applying for new online mapping licenses—Google said it was in discussions with the government on how it can continue operating the service. It wouldn't comment on the likely outcome of those talks.
The developments are the latest signs that significant parts of Google's business in China, home to more than 450 million Internet users, have been unraveling since last March. It was then that Google replaced its self-censored China search service with an unfiltered version based in Hong Kong, citing censorship and cyberattacks that the company said were traced to Chinese hackers.
The company's share of search market revenue in China dropped to 19.6% last quarter from 35.6% a year earlier, or just before Google's announcement, according to research firm Analysys International.
Chinese rival Baidu Inc. has thrived in the wake of weakened competition from Google, increasing its share of search market revenue to 75.5% in the fourth quarter from 58.4% in the last three months of 2009, according to Analysys.
Meanwhile, Android phones shipped officially in China from Motorola Mobility Holdings Inc. come pre-installed with links to search products by Baidu and Microsoft Corp.'s Bing, but not Google.
Still, Google has fared better than the most dire expectations after that move, which some analysts said might trigger a complete block of its services in China. Google still offers music-search service in China and maintains operations such as sales and research. While its Web search services are now hosted overseas, and are often unstable due to sporadic connection disruptions by China's Web filters, the search sites remain accessible.
Google president of Asia-Pacific operations Daniel Alegre said in January that Google is still committed to China and continues to invest "aggressively." He didn't provide details.
Google spokeswoman Jessica Powell said Thursday growth in China isn't dependent on Web search traffic there, and that the company continues to experience growth in revenue from China through sales of ads on its international websites purchased by Chinese companies targeting overseas users, as well as display ads on third-party websites.
But in the past year, Google's deals to provide technical support and Web search services to partners such as online forum operator Tianya.cn and Tom Group Ltd., also have ended—in part because the company is phasing out agreements to provide censored content to its partners. Executives have said the partnerships with these popular Chinese websites played an important role in helping the company boost its popularity among Chinese Internet users. Ms. Powell said the company continues to work with "hundreds of partners," large and small, in China.
Google's own Transparency Report shows that traffic from users in China has gradually decreased as a percentage of overall global traffic, to below 20% now from around 30% before the change.
State media outlets are also launching Web search and microblogging products of their own. In February, the People's Daily, flagship newspaper of the ruling Communist Party, hired the former head of Google's research institute in China as its chief scientist.
Many Google users in China lament that products like Gmail are now harder to use—especially in recent weeks as Chinese authorities have stepped up controls in the wake of online threats to hold "Jasmine Revolution" protests in China.
Google said earlier this month that government blocks were to blame for Gmail disruptions.
A Chinese Foreign Ministry spokeswoman rejected that claim, saying "We do not accept this type of accusation."
"The most obvious difference for me" since Google made its decision "is that many functions that were previously available are not accessible now," said Doris Yin, a 29-year-old Google user from Suzhou. Google's decision was "a bit pedantic," she said. "It should fight on to the end against dark forces" and continue operating in China.
"From the perspective of the development of China's Internet and user choices," Google's move was "definitely a setback," said Hao Wu, general manager of Daodao, the China subsidiary of Expedia Inc.'s TripAdvisor travel site.
Others say Google is the biggest loser from its decision. "The Chinese Internet has moved on," said Bill Bishop, a Beijing-based investor who follows the Chinese Internet industry, pointing to the continued growth of Chinese Internet firms, including a slew of initial public offerings in the sector since Google's decision. Google is "just basically descending into irrelevancy here," he said.
Google's top executives were split about how to handle China ahead of last year's decision, executives have said, with co-founder Sergey Brin particularly unhappy over the country's strict censorship rules. Then-Chief Executive Eric Schmidt, who initially advocated opening a search engine in China, resisted Mr. Brin's push to cease censoring, people familiar with the matter have said. Google announced in January that co-founder Larry Page will replace Mr. Schmidt as CEO starting Monday. Mr. Schmidt is remaining as executive chairman.
Baidu Qiyi Is Taking Youku's Market Share
by: Chimin Sang April 01, 2011
Chinese stocks are controversial these days.
In the Reverse Takeover space, also known as RTO space, every day a Chinese company imploded on fraud charges. Yesterday it was Advanced Batteries (ABAT), and Thursday it was Chinese Electronic Motor (CELM).
In the IPO space, we just had a star performer, Qihoo (QIHU), which went up 134% on this first trading day. Investors decided to value this company at $4.2b, 72x its 2010 revenue and 490x its 2010 net income.
I won’t comment on if Qihoo is a bubble but the capital market loves bubbles. The majority of the market participants love holding bubbles – It is like good ol' days before 2008 – except when the bubbles eventually and inevitably pop. Well, without further due, I am going to show you a bubble that is going to burst soon.
Yes, it is Youku (YOKU).
I wrote about it in January, pointing out how crazy its valuation was and the fact that it is in a tough war against many competitors. Yet, the stock price rose from about $36 when I wrote it to as high as $52 this week. Am I wrong? No, I don’t think so. The bubble becomes larger; the soap skin becomes thinner; and the eventual pop becomes even closer.
From the valuation angle, Youku’s market cap of $5.6b using Thursday’s closing price (diluted share count 118.6m) put its valuation at 97 times its 2010 revenue. Since the company is still losing money, it is meaningless to calculate its P/E ratio.
What is more troubling than the high valuation for Youku is that it is losing market share to its competitors. Marae Asset Research found its market share to shrink from a peak of 41% in May 2010 to a low of 33% in January 2011. SOHU and Baidu Qiyi (BIDU) have been the winners during the meantime.
Now there is more evidence showing that Baidu Qiyi is using both technology and market power to reshape the competitive landscape of the China online video market. Youku is likely going to lose in this battle.
Qiyi introduced Qiyi Media to offer better user experience
On March 31, Qiyi, the television portal invested by Baidu and Providence Equity Partners, quietly announced a beta-version standalone video client software, Qiyi Media.
Technically what Qiyi Media achieved was to:
1. remove the web browser overhead,
2. enable more intuitive user interaction and
3. enable Peer-to-Peer streaming to save server bandwidth and enhance smooth viewing experience.
Practically what Qiyi Media enables the users to do is to turn the computer into a TV with superior user experience.
Not only does Qiyi Media excel in the technology, it also offers users free access to a media library that includes nearly all the popular movies and TV programs a typical Chinese consumer watches. Compared with Youku, the only thing that Qiyi does not carry is the user-generated content, which is a business Qiyi decided not to have. Market surveys indicate that Chinese Internet users spend the majority of their time viewing long-length TV programs when they use an online video portal.
The most important fact that investors should realize about this online video market is that there is little differentiation in the non-UGC content provided among those online video providers: Youku, Tudou (TUDO), Baidu Qiyi, Sohu, Tencent (TCEHY.PK) QQ Live and PPTV. They all have enough cash to pay for the contents. The only big thing that could make a difference is the user experience. Once one competitor comes up with a superior solution, the other competitors either have to follow suit or lose market share. The choices would not be easy for Youku. To follow suit, Youku will start losing revenue from webpage advertising, which is currently one third of Youku’s revenue. Not to follow suit, Youku will lose market share.
Baidu is directing all media search into Qiyi, its own video site
What is more disturbing to the inudustry is that Baidu practically owns the gate of the Chinese Internet but it is now showing Qiyi's video as the first search result when it detects that the search keyword may be linked to a video.
A sample screenshot is shown below (click to enlarge), in which the keyword for 'three kingdom,' which is a famous Chinese history theme, is searched. A TV series of the same name is listed as the first match with photos and links pointing to Qiyi.
Youku also acknowledged in its last quarterly conference call that it lost the 30% traffic it used to get from the search engine. It is a big question mark for Youku's capability to maintain its current market share.
The above are just two points I would like to share with my readers. Youku has quite many competitors in the online video market. Unfortunately those competitors do not only have money but also resources that Youku cannot match. Baidu owns all the search traffic and Tencent owns all the instant message traffic. I deem it safe to call the Youku stock at the current price a bubble. It will have to burst. It's only a matter of when.
Disclosure: I am short YOKU.
by: Chimin Sang April 01, 2011
Chinese stocks are controversial these days.
In the Reverse Takeover space, also known as RTO space, every day a Chinese company imploded on fraud charges. Yesterday it was Advanced Batteries (ABAT), and Thursday it was Chinese Electronic Motor (CELM).
In the IPO space, we just had a star performer, Qihoo (QIHU), which went up 134% on this first trading day. Investors decided to value this company at $4.2b, 72x its 2010 revenue and 490x its 2010 net income.
I won’t comment on if Qihoo is a bubble but the capital market loves bubbles. The majority of the market participants love holding bubbles – It is like good ol' days before 2008 – except when the bubbles eventually and inevitably pop. Well, without further due, I am going to show you a bubble that is going to burst soon.
Yes, it is Youku (YOKU).
I wrote about it in January, pointing out how crazy its valuation was and the fact that it is in a tough war against many competitors. Yet, the stock price rose from about $36 when I wrote it to as high as $52 this week. Am I wrong? No, I don’t think so. The bubble becomes larger; the soap skin becomes thinner; and the eventual pop becomes even closer.
From the valuation angle, Youku’s market cap of $5.6b using Thursday’s closing price (diluted share count 118.6m) put its valuation at 97 times its 2010 revenue. Since the company is still losing money, it is meaningless to calculate its P/E ratio.
What is more troubling than the high valuation for Youku is that it is losing market share to its competitors. Marae Asset Research found its market share to shrink from a peak of 41% in May 2010 to a low of 33% in January 2011. SOHU and Baidu Qiyi (BIDU) have been the winners during the meantime.
Now there is more evidence showing that Baidu Qiyi is using both technology and market power to reshape the competitive landscape of the China online video market. Youku is likely going to lose in this battle.
Qiyi introduced Qiyi Media to offer better user experience
On March 31, Qiyi, the television portal invested by Baidu and Providence Equity Partners, quietly announced a beta-version standalone video client software, Qiyi Media.
Technically what Qiyi Media achieved was to:
1. remove the web browser overhead,
2. enable more intuitive user interaction and
3. enable Peer-to-Peer streaming to save server bandwidth and enhance smooth viewing experience.
Practically what Qiyi Media enables the users to do is to turn the computer into a TV with superior user experience.
Not only does Qiyi Media excel in the technology, it also offers users free access to a media library that includes nearly all the popular movies and TV programs a typical Chinese consumer watches. Compared with Youku, the only thing that Qiyi does not carry is the user-generated content, which is a business Qiyi decided not to have. Market surveys indicate that Chinese Internet users spend the majority of their time viewing long-length TV programs when they use an online video portal.
The most important fact that investors should realize about this online video market is that there is little differentiation in the non-UGC content provided among those online video providers: Youku, Tudou (TUDO), Baidu Qiyi, Sohu, Tencent (TCEHY.PK) QQ Live and PPTV. They all have enough cash to pay for the contents. The only big thing that could make a difference is the user experience. Once one competitor comes up with a superior solution, the other competitors either have to follow suit or lose market share. The choices would not be easy for Youku. To follow suit, Youku will start losing revenue from webpage advertising, which is currently one third of Youku’s revenue. Not to follow suit, Youku will lose market share.
Baidu is directing all media search into Qiyi, its own video site
What is more disturbing to the inudustry is that Baidu practically owns the gate of the Chinese Internet but it is now showing Qiyi's video as the first search result when it detects that the search keyword may be linked to a video.
A sample screenshot is shown below (click to enlarge), in which the keyword for 'three kingdom,' which is a famous Chinese history theme, is searched. A TV series of the same name is listed as the first match with photos and links pointing to Qiyi.
Youku also acknowledged in its last quarterly conference call that it lost the 30% traffic it used to get from the search engine. It is a big question mark for Youku's capability to maintain its current market share.
The above are just two points I would like to share with my readers. Youku has quite many competitors in the online video market. Unfortunately those competitors do not only have money but also resources that Youku cannot match. Baidu owns all the search traffic and Tencent owns all the instant message traffic. I deem it safe to call the Youku stock at the current price a bubble. It will have to burst. It's only a matter of when.
Disclosure: I am short YOKU.
Wir kratzen an 100,-- Euro!!!
Nun, da ist auch noch mal ein kleiner Rücksetzer als Konsolidierung erlaubt.
Gruß
Karlll
Nun, da ist auch noch mal ein kleiner Rücksetzer als Konsolidierung erlaubt.
Gruß
Karlll
How Baidu Makes You So Much Cash
http://www.fool.com/investing/general/2011/04/05/how-baidu-m…
Seth Jayson
April 5, 2011
Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.
Earnings' unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow (FCF) once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That brings us to Baidu (Nasdaq: BIDU ) , whose recent revenue and earnings are plotted below.
Source: Capital IQ, a division of Standard & Poor's. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.
Over the past 12 months, Baidu generated $566.8 million cash on net income of $534.7 million. That means it turned 47.2% of its revenue into FCF. That sounds pretty impressive. Since a single-company snapshot doesn't offer much context, it always pays to compare that figure to sector and industry peers and competitors, to see how your business stacks up.
All cash is not equal
Unfortunately, the cash flow statement isn't immune from nonsense, either. That's why it pays to take a close look at the components of cash flow from operations, to make sure that the cash comes from high-quality sources. They need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don't appear on the income statement (such as major capital expenditures).
For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it's ordinary in recessionary times, and you can only increase collections so much.
So how does the cash flow at Baidu look? Take a peek at the chart below, which flags questionable cash flow sources with a red bar.
Source: Capital IQ, a division of Standard & Poor's. Data is current as of last fully reported fiscal quarter. Dollar values in millions. TTM = trailing 12 months.
When I say "questionable cash flow sources," I mean items such as changes in taxes payable, tax benefits from stock options, and asset sales, among others. That's not to say that companies booking these as sources of cash flow are weak, or are engaging in any sort of wrongdoing, or that everything that comes up questionable in my graph is automatically bad news. But whenever a company is getting more than, say, 10% of its cash from operations from these dubious sources, investors ought to make sure to refer to the filings and dig in.
With questionable cash flows amounting to only -0.3% of operating cash flow, Baidu's cash flows look clean. Within the questionable cash flow figure plotted in the TTM period above, stock-based compensation and related tax benefits provided the biggest boost, at 2% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 20.5% of cash from operations. Baidu investors may also want to keep an eye on accounts receivable, because the TTM change is 4.3 times greater the average swing over the past 5 fiscal years.
A Foolish final thought
Most investors don't keep tabs on their companies' cash flow. I think that's a mistake. If you take the time to read past the headlines and crack a filing now and then, you're in a much better position to spot potential trouble early. Better yet, you'll improve your odds of finding the underappreciated home-run stocks that provide the market's best returns.
http://www.fool.com/investing/general/2011/04/05/how-baidu-m…
http://www.fool.com/investing/general/2011/04/05/how-baidu-m…
Seth Jayson
April 5, 2011
Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.
Earnings' unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow (FCF) once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That brings us to Baidu (Nasdaq: BIDU ) , whose recent revenue and earnings are plotted below.
Source: Capital IQ, a division of Standard & Poor's. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.
Over the past 12 months, Baidu generated $566.8 million cash on net income of $534.7 million. That means it turned 47.2% of its revenue into FCF. That sounds pretty impressive. Since a single-company snapshot doesn't offer much context, it always pays to compare that figure to sector and industry peers and competitors, to see how your business stacks up.
All cash is not equal
Unfortunately, the cash flow statement isn't immune from nonsense, either. That's why it pays to take a close look at the components of cash flow from operations, to make sure that the cash comes from high-quality sources. They need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don't appear on the income statement (such as major capital expenditures).
For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it's ordinary in recessionary times, and you can only increase collections so much.
So how does the cash flow at Baidu look? Take a peek at the chart below, which flags questionable cash flow sources with a red bar.
Source: Capital IQ, a division of Standard & Poor's. Data is current as of last fully reported fiscal quarter. Dollar values in millions. TTM = trailing 12 months.
When I say "questionable cash flow sources," I mean items such as changes in taxes payable, tax benefits from stock options, and asset sales, among others. That's not to say that companies booking these as sources of cash flow are weak, or are engaging in any sort of wrongdoing, or that everything that comes up questionable in my graph is automatically bad news. But whenever a company is getting more than, say, 10% of its cash from operations from these dubious sources, investors ought to make sure to refer to the filings and dig in.
With questionable cash flows amounting to only -0.3% of operating cash flow, Baidu's cash flows look clean. Within the questionable cash flow figure plotted in the TTM period above, stock-based compensation and related tax benefits provided the biggest boost, at 2% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 20.5% of cash from operations. Baidu investors may also want to keep an eye on accounts receivable, because the TTM change is 4.3 times greater the average swing over the past 5 fiscal years.
A Foolish final thought
Most investors don't keep tabs on their companies' cash flow. I think that's a mistake. If you take the time to read past the headlines and crack a filing now and then, you're in a much better position to spot potential trouble early. Better yet, you'll improve your odds of finding the underappreciated home-run stocks that provide the market's best returns.
http://www.fool.com/investing/general/2011/04/05/how-baidu-m…
Can Facebook Succeed In China?
by Willis Wee on April 10, 2011
Most of you would have heard the rumors that Facebook might be coming to China. Marbridge Consulting reported that Baidu and Facebook are rumored to have joined forces to bring the social network to China.
It was also rumored that Facebook China will not be functioned under Facebook.com.Facebook.cn, a Facebook owned domain could be used instead.
Take all these information with a grain of salt as no source could verify that the rumor was right. We tried but failed too. ”There’s nothing to say: mere rumor. We won’t comment on rumor,” Kaiser Kuo, Baidu Spokesperson told us via an email.
Still (assuming all these speculations are true) it somehow made me wonder if Facebook can succeed in China. Turned out, my analysis tends to favor for a Facebook win. The social network might have enough muscles to succeed in China one day, and here’s why:
1. Due diligence paid: It’s a known fact that Facebook has always wanted to enter China. However, Mark Zuckerberg understands that China is probably one of the greatest barriers toward Facebook’s march to connect the world. He was, indeed, very patient with his approach. Facebook has studied China for quite some time. Mark Zuckerberg has even poured in time to study the Chinese language and culture. He even took time off to visit China last year. Note that all the above are probably just a small part of Zuckerberg’s effort to understand China. I’m sure he would have done much more than these before bringing Facebook to China.
2. First step right, Facebook.cn works better: Facebook.com is banned in China simply because there is a clash of philosophy between the two. In my opinion, it is a clever move to enter China through Facebook.cn. The China domain will follow Chinese’s law religiously (and probably unconditionally) while Facebook.com remains status quo. Facebook.com will continue to celebrate freedom of speech. Who knows, 5 or 10 years down the road, when China starts to embrace democracy, both sites could merge which immediately connects China with the world.
3. Chinese love Mark Zuckerberg: When Mark Zuckerberg visited China last December, we saw a spike in the number of Facebook users in China. With all factors constant, the only reason that could trigger the growth was Mark Zuckerberg’s presence in China. “I think more of us signed up for Facebook because of Mark Zuckerberg’s visit in China. His presence has somehow promoted Facebook in our country,” Aileen Meng, a professional working in the Internet industry in Beijing China told us in our previous article.
Not an easy task
However, we shouldn’t discount the fact that there are strong competitors in China. With 160 million users, Renren is a competitor that Facebook should be caution of. Without compelling reasons most users wouldn’t jump ship to Facebook. The network of friends built on Renren ties users down to the Facebook clone. Even for Chinese students abroad, Facebook is merely used to help them connect with the locals. Renren, is undoubtedly still the first choice online social network.
That’s a major problem. As most Chinese use Facebook as a medium to connect with the world, putting Facebook.cn as a separate entity from Facebook.com would simply kill off the reason for Chinese to join Facebook. However, that’s only on theory. I believe the Chinese would still sign up for Facebook.cn to quench their curiosity. After all, Mark Zuckerberg‘s creation is somewhat influential, at least within the Chinese tech community. If you haven’t already known, it is also good to note that Renren has planned for a $500 million IPO in U.S. If succeeded, the IPO will give Renren more funds for growth.
Conclusion
With Renren dominating, it will be a tough battle for Facebook to be the market leader in China. But does Facebook has much choice? Probably not. The thing is, Facebook has to enter China quickly before it is too late. The bigger Renren grows, the harder it is for Facebook to establish presence in China. Facebook understands that it has to move swiftly before Renren becomes the de facto social network in the country. Joining up with Baidu (assuming this is true) seems like a good choice for Facebook. Nothing beats a local tech giant to help you scale your product. Let us know what you think.
by Willis Wee on April 10, 2011
Most of you would have heard the rumors that Facebook might be coming to China. Marbridge Consulting reported that Baidu and Facebook are rumored to have joined forces to bring the social network to China.
It was also rumored that Facebook China will not be functioned under Facebook.com.Facebook.cn, a Facebook owned domain could be used instead.
Take all these information with a grain of salt as no source could verify that the rumor was right. We tried but failed too. ”There’s nothing to say: mere rumor. We won’t comment on rumor,” Kaiser Kuo, Baidu Spokesperson told us via an email.
Still (assuming all these speculations are true) it somehow made me wonder if Facebook can succeed in China. Turned out, my analysis tends to favor for a Facebook win. The social network might have enough muscles to succeed in China one day, and here’s why:
1. Due diligence paid: It’s a known fact that Facebook has always wanted to enter China. However, Mark Zuckerberg understands that China is probably one of the greatest barriers toward Facebook’s march to connect the world. He was, indeed, very patient with his approach. Facebook has studied China for quite some time. Mark Zuckerberg has even poured in time to study the Chinese language and culture. He even took time off to visit China last year. Note that all the above are probably just a small part of Zuckerberg’s effort to understand China. I’m sure he would have done much more than these before bringing Facebook to China.
2. First step right, Facebook.cn works better: Facebook.com is banned in China simply because there is a clash of philosophy between the two. In my opinion, it is a clever move to enter China through Facebook.cn. The China domain will follow Chinese’s law religiously (and probably unconditionally) while Facebook.com remains status quo. Facebook.com will continue to celebrate freedom of speech. Who knows, 5 or 10 years down the road, when China starts to embrace democracy, both sites could merge which immediately connects China with the world.
3. Chinese love Mark Zuckerberg: When Mark Zuckerberg visited China last December, we saw a spike in the number of Facebook users in China. With all factors constant, the only reason that could trigger the growth was Mark Zuckerberg’s presence in China. “I think more of us signed up for Facebook because of Mark Zuckerberg’s visit in China. His presence has somehow promoted Facebook in our country,” Aileen Meng, a professional working in the Internet industry in Beijing China told us in our previous article.
Not an easy task
However, we shouldn’t discount the fact that there are strong competitors in China. With 160 million users, Renren is a competitor that Facebook should be caution of. Without compelling reasons most users wouldn’t jump ship to Facebook. The network of friends built on Renren ties users down to the Facebook clone. Even for Chinese students abroad, Facebook is merely used to help them connect with the locals. Renren, is undoubtedly still the first choice online social network.
That’s a major problem. As most Chinese use Facebook as a medium to connect with the world, putting Facebook.cn as a separate entity from Facebook.com would simply kill off the reason for Chinese to join Facebook. However, that’s only on theory. I believe the Chinese would still sign up for Facebook.cn to quench their curiosity. After all, Mark Zuckerberg‘s creation is somewhat influential, at least within the Chinese tech community. If you haven’t already known, it is also good to note that Renren has planned for a $500 million IPO in U.S. If succeeded, the IPO will give Renren more funds for growth.
Conclusion
With Renren dominating, it will be a tough battle for Facebook to be the market leader in China. But does Facebook has much choice? Probably not. The thing is, Facebook has to enter China quickly before it is too late. The bigger Renren grows, the harder it is for Facebook to establish presence in China. Facebook understands that it has to move swiftly before Renren becomes the de facto social network in the country. Joining up with Baidu (assuming this is true) seems like a good choice for Facebook. Nothing beats a local tech giant to help you scale your product. Let us know what you think.
Facebook to Set Up Standalone China Service With Baidu, Sohu.com Reports
By Mark Lee - Apr 11, 2011 9:42 AM GMT+0200
Facebook Inc. has signed an agreement with Baidu Inc. to set up a social-networking website in China, Sohu.com reported, citing unidentified employees at the Chinese search-engine company.
The agreement followed several meetings between Facebook Chief Executive Officer Mark Zuckerberg and Baidu CEO Robin Li, Sohu.com reported on its website today. The China website won’t be integrated with Facebook’s international service, and the start date is not confirmed, according to the report.
Kaiser Kuo, a spokesman at Beijing-based Baidu, declined to comment on the report when reached by Bloomberg News. Stephen Dolan, Singapore-based commercial director for Asia at Facebook, also declined to comment.
Facebook, owner of the world’s most popular social- networking service, has held talks with potential partners about how to enter the Chinese market, a person familiar with the matter said last week. The discussions have been exploratory and may not result in an agreement, according to the person.
“We are currently studying and learning about China, as part of evaluating any possible approaches that could benefit our users, developers and advertisers,” Palo Alto, California- based Facebook said in an e-mailed statement at the time.
China Meetings
Baidu’s Li met Zuckerberg during the Facebook executive’s visit to China in December, Kuo said at the time. Zuckerberg, who also held meetings with other Chinese companies including China Mobile Ltd. (941) and Sina Corp., said then that he was on vacation in the Asian nation, the world’s biggest Internet market by users.
Baidu, owner of China’s most-used search engine, plans to develop more social-networking services, Li said on Feb. 1. The commercial value of social products is “meaningful,” he said.
China bans pornography, gambling and content critical of the ruling Communist Party, and blocks websites including Facebook, Twitter Inc. and Google Inc.’s YouTube that don’t follow the nation’s self-censorship rules. Google pulled its search engine out of China last year after deciding it would stop censoring its content.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net
By Mark Lee - Apr 11, 2011 9:42 AM GMT+0200
Facebook Inc. has signed an agreement with Baidu Inc. to set up a social-networking website in China, Sohu.com reported, citing unidentified employees at the Chinese search-engine company.
The agreement followed several meetings between Facebook Chief Executive Officer Mark Zuckerberg and Baidu CEO Robin Li, Sohu.com reported on its website today. The China website won’t be integrated with Facebook’s international service, and the start date is not confirmed, according to the report.
Kaiser Kuo, a spokesman at Beijing-based Baidu, declined to comment on the report when reached by Bloomberg News. Stephen Dolan, Singapore-based commercial director for Asia at Facebook, also declined to comment.
Facebook, owner of the world’s most popular social- networking service, has held talks with potential partners about how to enter the Chinese market, a person familiar with the matter said last week. The discussions have been exploratory and may not result in an agreement, according to the person.
“We are currently studying and learning about China, as part of evaluating any possible approaches that could benefit our users, developers and advertisers,” Palo Alto, California- based Facebook said in an e-mailed statement at the time.
China Meetings
Baidu’s Li met Zuckerberg during the Facebook executive’s visit to China in December, Kuo said at the time. Zuckerberg, who also held meetings with other Chinese companies including China Mobile Ltd. (941) and Sina Corp., said then that he was on vacation in the Asian nation, the world’s biggest Internet market by users.
Baidu, owner of China’s most-used search engine, plans to develop more social-networking services, Li said on Feb. 1. The commercial value of social products is “meaningful,” he said.
China bans pornography, gambling and content critical of the ruling Communist Party, and blocks websites including Facebook, Twitter Inc. and Google Inc.’s YouTube that don’t follow the nation’s self-censorship rules. Google pulled its search engine out of China last year after deciding it would stop censoring its content.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net
Facebook kooperiert mit Baidu in China
Um endlich auch in China Fuß fassen zu können, tut sich Facebook mit der führenden Suchmaschine des Landes in einem Gemeinschaftsprojekt zusammen.
(11.4.2011, 12:05) Facebook hat es bisher nicht geschafft in China, dem größten Markt der Welt, ein Bein auf den Boden zu bringen. Nun will es in Partnerschaft mit Baidu, der Nummer 1 Suchmaschine eine Partnerschaft eingehen.
Eindeutiger Marktführer bei Social Networking in China ist Tencent mit seiner Qzone. Qzone ist allein in China mit 492 Millionen Usern fast so groß wie Facebook weltweit.
Baidu ist bei weitem die größte Suchmaschine in China und belegt im aktuellen Ranking von Alexa der größten Websites der Welt mit ungefähr 10% der Zugriffe Platz 6. Kein Wunder also, wenn Mark Zuckerberg Baidu als geeigneter Partner erscheint. Nach Berichten in der chinesischen Presse hat Zuckerberg im Vorjahr mit Baidu CEO Robin Li in China besucht.
Nach neuesten Berichten ist nun ein Joint Venture geplant, das gemeinsam aufgebaut und gemanagt werden soll. Derartige Kooperationen müssen aber von der chinesischen Regierung abgesegnet werden und daher ist nicht ganz klar, wann das Gemeinschaftprojekt starten wird.
Eckdaten Baidu:
· Umsatz 1,19 Milliarden Dollar, ein Plus von 78,0% gegen 2009
· Gewinn 534,1 Millionen Dollar, ein Plus von 137,4% gegen 2009
Einige Highlights von Konkurrent Tencent:
· Aktive User bei Instant Messaging: 647,6 Millionen
· Active Qzone User (das Facebook Äquivalent): 492,0 Millionen
· Umsatz 2010: 2,96 Milliarden Dollar ein Plus von 57,9% gegenüber 2009
· Gewinn 2010: 1,22 Milliarden Dollar ein Plus von 55,4% gegenüber 2009
( pfm )
Um endlich auch in China Fuß fassen zu können, tut sich Facebook mit der führenden Suchmaschine des Landes in einem Gemeinschaftsprojekt zusammen.
(11.4.2011, 12:05) Facebook hat es bisher nicht geschafft in China, dem größten Markt der Welt, ein Bein auf den Boden zu bringen. Nun will es in Partnerschaft mit Baidu, der Nummer 1 Suchmaschine eine Partnerschaft eingehen.
Eindeutiger Marktführer bei Social Networking in China ist Tencent mit seiner Qzone. Qzone ist allein in China mit 492 Millionen Usern fast so groß wie Facebook weltweit.
Baidu ist bei weitem die größte Suchmaschine in China und belegt im aktuellen Ranking von Alexa der größten Websites der Welt mit ungefähr 10% der Zugriffe Platz 6. Kein Wunder also, wenn Mark Zuckerberg Baidu als geeigneter Partner erscheint. Nach Berichten in der chinesischen Presse hat Zuckerberg im Vorjahr mit Baidu CEO Robin Li in China besucht.
Nach neuesten Berichten ist nun ein Joint Venture geplant, das gemeinsam aufgebaut und gemanagt werden soll. Derartige Kooperationen müssen aber von der chinesischen Regierung abgesegnet werden und daher ist nicht ganz klar, wann das Gemeinschaftprojekt starten wird.
Eckdaten Baidu:
· Umsatz 1,19 Milliarden Dollar, ein Plus von 78,0% gegen 2009
· Gewinn 534,1 Millionen Dollar, ein Plus von 137,4% gegen 2009
Einige Highlights von Konkurrent Tencent:
· Aktive User bei Instant Messaging: 647,6 Millionen
· Active Qzone User (das Facebook Äquivalent): 492,0 Millionen
· Umsatz 2010: 2,96 Milliarden Dollar ein Plus von 57,9% gegenüber 2009
· Gewinn 2010: 1,22 Milliarden Dollar ein Plus von 55,4% gegenüber 2009
( pfm )
Aktuell geht es vorbörslich mal eben 4,2% nach oben. Mal sehen, ob das auch der Schlußkurs
von heute werden kann. Damit klopfen wir dann bei fast 150,-- US-$ an !!!
von heute werden kann. Damit klopfen wir dann bei fast 150,-- US-$ an !!!
11. April 2011, 18:08 Uhr
China-Netzwerk
Facebook verbündet sich angeblich mit Baidu
Ein eigenes Facebook für China? Die Nachrichtenagentur Bloomberg meldet, dass Facebook mit dem chinesischen Onlinekonzern Baidu kooperiert. Angeblich sollen die Firmen ein soziales Netzwerk in China aufbauen. Das autoritäre Regime sperrt in dem Land ausländische Angebote wie Facebook.
Peking - Facebook will nach Angaben des Nachrichtensenders Bloomberg zusammen mit dem Unternehmen Baidu ein soziales Netzwerk in China aufbauen. Nach mehreren Treffen zwischen dem Facebook-Gründer Mark Zuckerberg und Robin Li, dem Chef der erfolgreichsten chinesischen Suchmaschine Baidu, hätten beide Seiten ein Übereinkommen unterzeichnet.
Die chinesische Seite soll allerdings nicht in das internationale Facebook-Angebot integriert werden. Der Starttermin der Plattform steht demnach noch nicht fest.
Kaiser Kuo, ein Sprecher des Unternehmens Baidu, hat den Bericht gegenüber Bloomberg nicht kommentiert. Auch Stephen Dolan, kaufmännischer Leiter bei Facebook in Singapur, äußerte sich nicht zu den Plänen der beiden Unternehmen.
Bereits im Dezember war Mark Zuckerberg zu ersten Gesprächen mit Baidu nach China gereist. Zuckerberg hatte sich mit Robin Li getroffen, ohne dass jedoch bekannt wurde, worüber die beiden sprachen. Baidu-Sprecher Kuo hatte damals erklärt, Facebook sei in China nicht vielen Menschen bekannt.
Maßgeblich dürfte der Grund dafür sein, dass die Plattform dort für Nutzer gesperrt ist. Chinas Regierung blockiert den Zugriff auf soziale Netzwerke, deren Server außerhalb des Landes stehen und somit dem Zugriff der chinesischen Sicherheitsbehören entzogen sind. So sind neben Facebook zum Beispiel auch Twitter, Xing und Linkedin in China blockiert.
Das Regime verschärft seit Monaten die Zensur des Internets. Insbesondere Anbieter verschlüsselter Kommunikationsdienste beobachten merkwürdige Fehlfunktionen und schwachen Datendurchsatz. Informationen von SPIEGEL ONLINE zufolge nutzt China zumindest in einigen Großstädten zur Netzkontrolle auch sogenannte Deep-Packet-Inspection-Technik (DPI), eine Kombination von Hard- und Software zum Analysieren und potentiellen Herausfiltern einzelner Datenpakete im Internet-Traffic.
jbr/AP
China-Netzwerk
Facebook verbündet sich angeblich mit Baidu
Ein eigenes Facebook für China? Die Nachrichtenagentur Bloomberg meldet, dass Facebook mit dem chinesischen Onlinekonzern Baidu kooperiert. Angeblich sollen die Firmen ein soziales Netzwerk in China aufbauen. Das autoritäre Regime sperrt in dem Land ausländische Angebote wie Facebook.
Peking - Facebook will nach Angaben des Nachrichtensenders Bloomberg zusammen mit dem Unternehmen Baidu ein soziales Netzwerk in China aufbauen. Nach mehreren Treffen zwischen dem Facebook-Gründer Mark Zuckerberg und Robin Li, dem Chef der erfolgreichsten chinesischen Suchmaschine Baidu, hätten beide Seiten ein Übereinkommen unterzeichnet.
Die chinesische Seite soll allerdings nicht in das internationale Facebook-Angebot integriert werden. Der Starttermin der Plattform steht demnach noch nicht fest.
Kaiser Kuo, ein Sprecher des Unternehmens Baidu, hat den Bericht gegenüber Bloomberg nicht kommentiert. Auch Stephen Dolan, kaufmännischer Leiter bei Facebook in Singapur, äußerte sich nicht zu den Plänen der beiden Unternehmen.
Bereits im Dezember war Mark Zuckerberg zu ersten Gesprächen mit Baidu nach China gereist. Zuckerberg hatte sich mit Robin Li getroffen, ohne dass jedoch bekannt wurde, worüber die beiden sprachen. Baidu-Sprecher Kuo hatte damals erklärt, Facebook sei in China nicht vielen Menschen bekannt.
Maßgeblich dürfte der Grund dafür sein, dass die Plattform dort für Nutzer gesperrt ist. Chinas Regierung blockiert den Zugriff auf soziale Netzwerke, deren Server außerhalb des Landes stehen und somit dem Zugriff der chinesischen Sicherheitsbehören entzogen sind. So sind neben Facebook zum Beispiel auch Twitter, Xing und Linkedin in China blockiert.
Das Regime verschärft seit Monaten die Zensur des Internets. Insbesondere Anbieter verschlüsselter Kommunikationsdienste beobachten merkwürdige Fehlfunktionen und schwachen Datendurchsatz. Informationen von SPIEGEL ONLINE zufolge nutzt China zumindest in einigen Großstädten zur Netzkontrolle auch sogenannte Deep-Packet-Inspection-Technik (DPI), eine Kombination von Hard- und Software zum Analysieren und potentiellen Herausfiltern einzelner Datenpakete im Internet-Traffic.
jbr/AP
Baidu Marks Its Territory
http://www.fool.com/investing/general/2011/04/11/baidu-marks…
Rick Aristotle Munarriz
April 11, 2011
Facebook has apparently accepted Baidu's (Nasdaq: BIDU ) friend request. Several reports out of China indicate that the world's leading social network is teaming up with the country's most popular search engine to roll out a China-specific version of Facebook's sticky namesake site.
Facebook hasn't had to partner with regional faves in the past, but things are different in China. There are regulatory hurdles to clear in a booming country that is wary of outsiders. Locals also stick to the homegrown darlings. Google (Nasdaq: GOOG ) may have staged a partial retreat out of China in principle, but it really wasn't making any kind of dent in Baidu's market dominance.
Facebook CEO Mark Zuckerberg toured China in December, setting up meetings with the leaders of Baidu, SINA (Nasdaq: SINA ) , Alibaba, and China Mobile (NYSE: CHL ) . Zuckerberg's site is blocked in China, so everyone saw this as an exploratory trek to smoke out a partner.
Baidu makes sense. Sina's Weibo is already gaining traction as a celebrity micro-blogging site. Renren's thinking IPO. Tencent was able to parlay the success of its QQ online messaging platform to roll out its own micro-blogging site last year. Baidu has plenty of social initiatives cooking, but none are as promising as hooking up with Facebook to succeed at marrying search with social in a way that Google, Yahoo! (Nasdaq: YHOO ) , and Microsoft (Nasdaq: MSFT ) have failed closer to home.
Yahoo!, Google, and Microsoft have either tried to buy Facebook whole or faltered in rolling out their own social networking solution.
Consumers can be fickle when it comes to social networking, and Facebook is the one with the hot hand at the moment with 600 million registered users worldwide.
The pairing of Baidu and Facebook is a slam dunk on paper, but sit tight on those growth projections. China will have to green light the offering, and we don't know if consumers will take to a restrictive social network. The potential -- if successful -- is tremendous for both companies, though.
Baidu's lofty multiples and Facebook's sky-high pre-IPO valuation may not seem so outlandish by the time this all plays out.
Can Facebook and Baidu make social networking work in China? Share your thoughts in the comment box below.
12.04.2011 08:34
Baidu chief cautions China Web companies against 'hot' IPO market
SHANGHAI, April 12 (Reuters) - The head of China's largest search engine Baidu Inc cautioned Chinese Internet companies on Tuesday against listing overseas in haste, describing the market as 'hot'.
In a speech at the company's Baidu Union Summit, Robin Li, the charismatic founder of Baidu, warned Chinese entrepreneurs not to be taken in by the interest in China's Internet market and to instead focus on developing good products.
'I believe there will be a listing frenzy this year; a frenzy of Chinese Internet companies wanting to list overseas,' Li said. (http://tech.sina.com.cni/2011-04-12/09485394006.shtml)
'You must remember that listing is not a means to an end, it is only a means of business development,' Li said to an audience comprised of Baidu affiliates, partners and entrepreneurs.
Chinese Internet stocks have become darlings of Wall Street, with online video company Youku.com Inc, e-commerce website operator E Commerce China Dangdang Inc and online security firm Qihoo 360 Technology Co Ltd posting huge first-day IPO gains.
Li, whose company posted a first-day jump of more than 300 percent in 2005, said Chinese Internet companies looking to list must focus on building up their products and their operations.
'Don't be fooled by the apparent prosperity of the industry. What is important is how much you can achieve ... and whether your products are attractive. So don't be dazzled by sudden changes in the market, which is on fire' Li said, adding that history had shown that many predictions on hot Internet sectors in the United States and China had turned out to be duds.
However, Li advised companies close to listing overseas to do so soon to benefit from prevailing positive sentiment for Chinese Internet companies.
China, the world's largest Internet market by users, is home to about a dozen dynamic, large but unlisted entities such as Alibaba Group's Taobao and 360buy.com.
One of China's larger social-networking-sites, Renren, also has plans to list this year. Yet, analysts have said sky-high valuations and unsteady business models could lead to a Chinese Internet bubble.
'In light of what will be a very hot market this year, my advice is to be still in the midst of the noise,' Li said.
(Reporting by Melanie Lee; Editing by Chris Lewis)
((melanie.lee@thomsonreuters.com)(+86 21 61041778)(Reuters Messaging: melaniest.lee.reuters.com@thomsonreuters.net)) Keywords: BAIDU/IPO
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
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Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
Baidu chief cautions China Web companies against 'hot' IPO market
SHANGHAI, April 12 (Reuters) - The head of China's largest search engine Baidu Inc cautioned Chinese Internet companies on Tuesday against listing overseas in haste, describing the market as 'hot'.
In a speech at the company's Baidu Union Summit, Robin Li, the charismatic founder of Baidu, warned Chinese entrepreneurs not to be taken in by the interest in China's Internet market and to instead focus on developing good products.
'I believe there will be a listing frenzy this year; a frenzy of Chinese Internet companies wanting to list overseas,' Li said. (http://tech.sina.com.cni/2011-04-12/09485394006.shtml)
'You must remember that listing is not a means to an end, it is only a means of business development,' Li said to an audience comprised of Baidu affiliates, partners and entrepreneurs.
Chinese Internet stocks have become darlings of Wall Street, with online video company Youku.com Inc, e-commerce website operator E Commerce China Dangdang Inc and online security firm Qihoo 360 Technology Co Ltd posting huge first-day IPO gains.
Li, whose company posted a first-day jump of more than 300 percent in 2005, said Chinese Internet companies looking to list must focus on building up their products and their operations.
'Don't be fooled by the apparent prosperity of the industry. What is important is how much you can achieve ... and whether your products are attractive. So don't be dazzled by sudden changes in the market, which is on fire' Li said, adding that history had shown that many predictions on hot Internet sectors in the United States and China had turned out to be duds.
However, Li advised companies close to listing overseas to do so soon to benefit from prevailing positive sentiment for Chinese Internet companies.
China, the world's largest Internet market by users, is home to about a dozen dynamic, large but unlisted entities such as Alibaba Group's Taobao and 360buy.com.
One of China's larger social-networking-sites, Renren, also has plans to list this year. Yet, analysts have said sky-high valuations and unsteady business models could lead to a Chinese Internet bubble.
'In light of what will be a very hot market this year, my advice is to be still in the midst of the noise,' Li said.
(Reporting by Melanie Lee; Editing by Chris Lewis)
((melanie.lee@thomsonreuters.com)(+86 21 61041778)(Reuters Messaging: melaniest.lee.reuters.com@thomsonreuters.net)) Keywords: BAIDU/IPO
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
Baidu denies cooperation agreement with Facebook
[Date:04-13-2011]
Baidu has denied reports citing so-called "internal sources" saying that Baidu will sign an agreement with Facebook to build a new website enabling the Internet giant to enter Chinese market, according to Sohu IT.
Internal sources allegedly revealed on April 11 that Facebook has signed a cooperation agreement with Baidu to establish a new website in the future, and Facebook will also take this opportunity to officially enter the Chinese market.
According to sources, instead of connecting with the Facebook website, the website that will be co-established by Facebook and Baidu will be a new social networking service website. Currently, the specific time of the new website's launch is still uncertain.
Several foreign media groups have also reported that Facebook has agreed to cooperate with Baidu and is about to enter the Chinese market.
It should be noted that Mark Zuckerberg, founder of Facebook, has been in contact with Li Yanhong, chief executive officer of Baidu. Officials from Baidu previously said that Zuckerberg and Li maintain a very good personal relationship, and the two sides have begun to discuss the cooperation issue.
News that Facebook is planning to enter the Chinese market has been heard many times before. Facebook had registered .cn domain name as early as 2007 and the news that Facebook would enter the Chinese market in 2007 was spread at one time. However, Li Jiacheng subsequently confirmed in March 2008 that he had invested more than 100 million U.S. dollars in Facebook and in June 2008, this social networking website also introduced a simplified-Chinese version.
In regards to the mentioned information, Sohu IT called Baidu, and related officials said that they have not heard of any matters relating to the cooperation with Facebook.
[Date:04-13-2011]
Baidu has denied reports citing so-called "internal sources" saying that Baidu will sign an agreement with Facebook to build a new website enabling the Internet giant to enter Chinese market, according to Sohu IT.
Internal sources allegedly revealed on April 11 that Facebook has signed a cooperation agreement with Baidu to establish a new website in the future, and Facebook will also take this opportunity to officially enter the Chinese market.
According to sources, instead of connecting with the Facebook website, the website that will be co-established by Facebook and Baidu will be a new social networking service website. Currently, the specific time of the new website's launch is still uncertain.
Several foreign media groups have also reported that Facebook has agreed to cooperate with Baidu and is about to enter the Chinese market.
It should be noted that Mark Zuckerberg, founder of Facebook, has been in contact with Li Yanhong, chief executive officer of Baidu. Officials from Baidu previously said that Zuckerberg and Li maintain a very good personal relationship, and the two sides have begun to discuss the cooperation issue.
News that Facebook is planning to enter the Chinese market has been heard many times before. Facebook had registered .cn domain name as early as 2007 and the news that Facebook would enter the Chinese market in 2007 was spread at one time. However, Li Jiacheng subsequently confirmed in March 2008 that he had invested more than 100 million U.S. dollars in Facebook and in June 2008, this social networking website also introduced a simplified-Chinese version.
In regards to the mentioned information, Sohu IT called Baidu, and related officials said that they have not heard of any matters relating to the cooperation with Facebook.
13.04.2011 13:09
BRIEF-RESEARCH ALERT-Jefferies starts Baidu, Sina with buy
April 13 (Reuters) - :
* Jefferies starts Baidu Inc with buy rating; price target of $200
* Jefferies starts SINA Corp with buy rating; price target of $150
BRIEF-RESEARCH ALERT-Jefferies starts Baidu, Sina with buy
April 13 (Reuters) - :
* Jefferies starts Baidu Inc with buy rating; price target of $200
* Jefferies starts SINA Corp with buy rating; price target of $150
Baidu: Overbought on Facebook Rumors?
April 14, 2011
By Sheena Lee
Shares of Baidu (BIDU), China’s largest search engine, have been pushed higher amid rumors of a possible partnership with Facebook. But according to news reports, there has been no deal signed between the two companies and it continues to be difficult for foreign companies like Facebook to break into the Chinese market. The stock is also starting to look rich, as we pointed out in our February prognosis of Baidu. Baidu opened at $145.62 today, above the 12-month price targets of most analysts tracked by Alacra Pulse.
“A report that Facebook has signed some sort of partnership deal with the Chinese search engine Baidu is inaccurate, according to a source familiar with the matter,” reported the San Francisco Business Times.
Earlier this week, Chinese local media Sohu.com reported that a Baidu-Facebook agreement to set up a social media site in China followed several meetings between the companies’ chief executive officers, citing unidentified Baidu employees.
ThinkEquity stock analyst Aaron Kessler said a Baidu-Facebook partnership collaboration is obviously possible but ”the Chinese government would likely be concerned about information sharing with a U.S. media company. It would really have to be run by a Chinese company like Baidu,” Kessler said. “It would be difficult for Facebook to really have a presence in China.”
Kessler, who has a $140 price target and Strong Buy rating on Baidu, pointed out that there are already Chinese companies offering social networking platforms, notably Sina and Renren, which has filed for an IPO.
A Reuters report also said that according to a source familiar with the matter, although Facebook is evaluating opportunities in China, the company has not signed any deal with the Chinese search giant.
Jefferies & Co. analyst Cynthia Meng initiated coverage on Baidu with a Buy rating and a $200 price target this week. “We like Baidu’s dominance in search marketing, Tencent’s conglomerate of Internet with a hidden jewel real name SNS, and Sina’s leadership in social media, ” wrote Meng, who added the firm enjoys high barriers to entry and sees opportunities in mobile search.
Earlier this month, Mizuho Securities analyst Muzhi Li, who has a $130 price target on the firm, lowered Baidu shares to Neutral from Buy. On the contrary, Jin Yoon of Nomura Securities, who has a Buy on Baidu, raised his price target to $165 from $140 last week.
Within the last month, Goldman Sachs has reierated a Buy rating and raised its target from $130 to $145 and Susquehanna has boosted its target from $145 to $150 while maintaining a Positive rating. But Credit Suisse reiterated its Underperform rating while raising its target from $82.50 to $99.
Leo Sun of Investor Guide said that a rising middle class throughout China will increase Internet usage exponentially, and with 75% of the country’s search market, Baidu could see substantial long-term profits. “However, the rising Chinese RMB can adversely affect Baidu, which reports revenue and costs in RMB while reporting its main financial assets in U.S. Dollars,” noted Sun.
In terms of its fight against Google (GOOG), although Baidu has so far successfully pushed the U.S. company out of the picture for a while, Google still sits on nearly 20% of the Chinese search market by using its Hong Kong portal, said Sun. “If Google ever re-negotiates its terms with the Chinese government and returns to the mainland, expect Baidu shares to drop significantly. Google is also Baidu’s main threat in the mobile search arena, and has been using its popular Android software as a profitable backdoor to China,” he added.
The Street’s Jim Cramer, who advocates buying Chinese internet stocks, notes the heady valuations of Baidu.
Mark Kreiger on Seeking Alpha is cautious on Baidu, and suggests that investors sell the stock, as he points out that the company’s shares have already gained 11 fold in less than two years. “BIDU has already met its median analyst one year price target of $142 and is only 16% below its most bullish analyst target of $165, while being 33% above its low target price of $95,” wrote Kreiger. “If you put any credence to these analyst target prices, why would anyone bother risking a 33% loss for a potential 16% gain?”
Instead he suggests buying Yahoo! (YHOO), which he owns, and regards as undervalued.
Sources: Alacra Pulse, San Francisco Business Times, IBTimes, Reuters, Barrons, Seeking Alpha, Investor Guide, StreetInsider, Schaeffers Investment Research, China Analyst.
April 14, 2011
By Sheena Lee
Shares of Baidu (BIDU), China’s largest search engine, have been pushed higher amid rumors of a possible partnership with Facebook. But according to news reports, there has been no deal signed between the two companies and it continues to be difficult for foreign companies like Facebook to break into the Chinese market. The stock is also starting to look rich, as we pointed out in our February prognosis of Baidu. Baidu opened at $145.62 today, above the 12-month price targets of most analysts tracked by Alacra Pulse.
“A report that Facebook has signed some sort of partnership deal with the Chinese search engine Baidu is inaccurate, according to a source familiar with the matter,” reported the San Francisco Business Times.
Earlier this week, Chinese local media Sohu.com reported that a Baidu-Facebook agreement to set up a social media site in China followed several meetings between the companies’ chief executive officers, citing unidentified Baidu employees.
ThinkEquity stock analyst Aaron Kessler said a Baidu-Facebook partnership collaboration is obviously possible but ”the Chinese government would likely be concerned about information sharing with a U.S. media company. It would really have to be run by a Chinese company like Baidu,” Kessler said. “It would be difficult for Facebook to really have a presence in China.”
Kessler, who has a $140 price target and Strong Buy rating on Baidu, pointed out that there are already Chinese companies offering social networking platforms, notably Sina and Renren, which has filed for an IPO.
A Reuters report also said that according to a source familiar with the matter, although Facebook is evaluating opportunities in China, the company has not signed any deal with the Chinese search giant.
Jefferies & Co. analyst Cynthia Meng initiated coverage on Baidu with a Buy rating and a $200 price target this week. “We like Baidu’s dominance in search marketing, Tencent’s conglomerate of Internet with a hidden jewel real name SNS, and Sina’s leadership in social media, ” wrote Meng, who added the firm enjoys high barriers to entry and sees opportunities in mobile search.
Earlier this month, Mizuho Securities analyst Muzhi Li, who has a $130 price target on the firm, lowered Baidu shares to Neutral from Buy. On the contrary, Jin Yoon of Nomura Securities, who has a Buy on Baidu, raised his price target to $165 from $140 last week.
Within the last month, Goldman Sachs has reierated a Buy rating and raised its target from $130 to $145 and Susquehanna has boosted its target from $145 to $150 while maintaining a Positive rating. But Credit Suisse reiterated its Underperform rating while raising its target from $82.50 to $99.
Leo Sun of Investor Guide said that a rising middle class throughout China will increase Internet usage exponentially, and with 75% of the country’s search market, Baidu could see substantial long-term profits. “However, the rising Chinese RMB can adversely affect Baidu, which reports revenue and costs in RMB while reporting its main financial assets in U.S. Dollars,” noted Sun.
In terms of its fight against Google (GOOG), although Baidu has so far successfully pushed the U.S. company out of the picture for a while, Google still sits on nearly 20% of the Chinese search market by using its Hong Kong portal, said Sun. “If Google ever re-negotiates its terms with the Chinese government and returns to the mainland, expect Baidu shares to drop significantly. Google is also Baidu’s main threat in the mobile search arena, and has been using its popular Android software as a profitable backdoor to China,” he added.
The Street’s Jim Cramer, who advocates buying Chinese internet stocks, notes the heady valuations of Baidu.
Mark Kreiger on Seeking Alpha is cautious on Baidu, and suggests that investors sell the stock, as he points out that the company’s shares have already gained 11 fold in less than two years. “BIDU has already met its median analyst one year price target of $142 and is only 16% below its most bullish analyst target of $165, while being 33% above its low target price of $95,” wrote Kreiger. “If you put any credence to these analyst target prices, why would anyone bother risking a 33% loss for a potential 16% gain?”
Instead he suggests buying Yahoo! (YHOO), which he owns, and regards as undervalued.
Sources: Alacra Pulse, San Francisco Business Times, IBTimes, Reuters, Barrons, Seeking Alpha, Investor Guide, StreetInsider, Schaeffers Investment Research, China Analyst.
Nun, Google hat heute abend die Earnings mal gerade so getroffen. Bei den Revenues liegt
man geringfügig unter den Erwartungen.
Nachbörslich heißt das für Google aktuell ein Minus von 4,8%.
Bei Baidu geht es nachbörslich um 0,9% runter.
Kann sich aber noch ausbauen und ich erwarte morgen für Baidu sicher noch höhere Abschläge
als jetzt im After-Markt-Handel.
Aber ich denke, Baidu wird wieder wie bisher die Erwartungen für das 1. Quartal überer-
füllen.
man geringfügig unter den Erwartungen.
Nachbörslich heißt das für Google aktuell ein Minus von 4,8%.
Bei Baidu geht es nachbörslich um 0,9% runter.
Kann sich aber noch ausbauen und ich erwarte morgen für Baidu sicher noch höhere Abschläge
als jetzt im After-Markt-Handel.
Aber ich denke, Baidu wird wieder wie bisher die Erwartungen für das 1. Quartal überer-
füllen.
Antwort auf Beitrag Nr.: 41.370.974 von Karlll am 14.04.11 22:36:52wo liegt eigentlich das kgv von Baidu?
Antwort auf Beitrag Nr.: 41.371.012 von drsch00 am 14.04.11 22:44:07@ Drsch00, habe ich fett unterstrichen hervorgehoben.
New Bulls for Baidu
http://www.fool.com/investing/high-growth/2011/04/13/new-bul…
Rick Aristotle Munarriz
April 13, 2011
Jefferies & Co. is the latest firm to warm up to China bull Baidu (Nasdaq: BIDU ) .
Jefferies initiated coverage of China's leading search engine with a "buy" rating this morning, establishing a juicy $200 price target. Analyst Cynthia Meng is encouraged by Baidu's strong position in a country that is still early in its dot-com growth cycle.
Jefferies also initiated coverage of SINA (Nasdaq: SINA ) and QQ.com parent Tencent (OTC BB: TCEHY.PK) with bullish ratings.
The optimism comes at a time when China's dot-com darlings are far from cheap. Baidu trades at 58 times this year's projected profitability, and SINA's multiple clocks in at a whopping 68. However, they are also growing fast enough that several analysts feel China's finest will continue to beat the market.
Wall Street has also taken kindly to recent IPOs of online giants in China that have even loftier valuations. Web-based book retailer Dangdang (Nasdaq: DANG ) is fetching more than 200 times this year's expected earnings, and leading video-sharing website Youku.com (Nasdaq: YOKU ) isn't even profitable.
If you're having flashbacks to the dot-com bubble that burst into sudsy smithereens a decade ago, take things down a notch. Many of the speculative blowups were profitless companies at the mercy of venture capitalists and investment bankers. Established cyberspace bellwethers Baidu, SINA, and Sohu.com (Nasdaq: SOHU ) have sustainable models with thick margins, attractive tax rates, and plenty of the one-two punch of upside potential through a growing middle class with improving Internet migration rates.
This doesn't have to end ugly or sudsy. Jefferies may seem to be arriving late to the party, but it may seem early in retrospect if Baidu and SINA continue to grow their Web-centric businesses at healthy rates in the coming years.
New Bulls for Baidu
http://www.fool.com/investing/high-growth/2011/04/13/new-bul…
Rick Aristotle Munarriz
April 13, 2011
Jefferies & Co. is the latest firm to warm up to China bull Baidu (Nasdaq: BIDU ) .
Jefferies initiated coverage of China's leading search engine with a "buy" rating this morning, establishing a juicy $200 price target. Analyst Cynthia Meng is encouraged by Baidu's strong position in a country that is still early in its dot-com growth cycle.
Jefferies also initiated coverage of SINA (Nasdaq: SINA ) and QQ.com parent Tencent (OTC BB: TCEHY.PK) with bullish ratings.
The optimism comes at a time when China's dot-com darlings are far from cheap. Baidu trades at 58 times this year's projected profitability, and SINA's multiple clocks in at a whopping 68. However, they are also growing fast enough that several analysts feel China's finest will continue to beat the market.
Wall Street has also taken kindly to recent IPOs of online giants in China that have even loftier valuations. Web-based book retailer Dangdang (Nasdaq: DANG ) is fetching more than 200 times this year's expected earnings, and leading video-sharing website Youku.com (Nasdaq: YOKU ) isn't even profitable.
If you're having flashbacks to the dot-com bubble that burst into sudsy smithereens a decade ago, take things down a notch. Many of the speculative blowups were profitless companies at the mercy of venture capitalists and investment bankers. Established cyberspace bellwethers Baidu, SINA, and Sohu.com (Nasdaq: SOHU ) have sustainable models with thick margins, attractive tax rates, and plenty of the one-two punch of upside potential through a growing middle class with improving Internet migration rates.
This doesn't have to end ugly or sudsy. Jefferies may seem to be arriving late to the party, but it may seem early in retrospect if Baidu and SINA continue to grow their Web-centric businesses at healthy rates in the coming years.
Antwort auf Beitrag Nr.: 41.371.114 von Karlll am 14.04.11 23:15:02hi Karlll
sie läuft wie ein schweizer Uhrwerk
sie läuft wie ein schweizer Uhrwerk
Schanghai. Der Internet-Suchmaschinenbetreiber Baidu hat im ersten Quartal seinen Gewinn mehr als verdoppelt. Der chinesische Marktführer wies in der Nacht zum Donnerstag einen Gewinn von 163,5 Millionen Dollar aus nach 70,4 Millionen Dollar im Vorjahr. Der Umsatz
zog um 88 Prozent an auf 372 Millionen Dollar. Baidu rechnet für das zweite Quartal mit kräftigen Ausgaben der chinesischen Firmen für Online-Werbung und erwartet daher weiteres Wachstum: Mit bis zu knapp 504 Millionen Dollar liegt Baidu mit seiner Umsatzprognose über den bisherigen Markterwartungen.
Nach Umsatz kommt Baidu auf einen Marktanteil von 75 Prozent in China. Der US-Rivale Google, der sich ein Stück vom wachsenden Internet-Markt in China sichern wollte, hat seine Aktivitäten vor Ort nach einem Streit mit der chinesischen Regierung über Internet-Zensur und Hacker-Angriffe reduziert. Davon hat Baidu profitiert. Mit mehr als 450 Millionen Nutzern ist China der weltgrößte Internet-Markt mit großem Wachstumspotenzial.
zog um 88 Prozent an auf 372 Millionen Dollar. Baidu rechnet für das zweite Quartal mit kräftigen Ausgaben der chinesischen Firmen für Online-Werbung und erwartet daher weiteres Wachstum: Mit bis zu knapp 504 Millionen Dollar liegt Baidu mit seiner Umsatzprognose über den bisherigen Markterwartungen.
Nach Umsatz kommt Baidu auf einen Marktanteil von 75 Prozent in China. Der US-Rivale Google, der sich ein Stück vom wachsenden Internet-Markt in China sichern wollte, hat seine Aktivitäten vor Ort nach einem Streit mit der chinesischen Regierung über Internet-Zensur und Hacker-Angriffe reduziert. Davon hat Baidu profitiert. Mit mehr als 450 Millionen Nutzern ist China der weltgrößte Internet-Markt mit großem Wachstumspotenzial.
Baidu Wins Top 100 Branding Accolade
2011-05-10 10:56:14
The Chinese Internet search engine Baidu Inc has been named as the most valuable brand for a non-State-owned Chinese company.
That's after Baidu climbed 46 positions in the BrandZ list of the world's top 100 brands, according to a study produced by the global brands agency, Millward Brown Group.
Baidu is now ranked 29th out of the 100 companies and has a value of $22.56 billion, an increase of 141 percent compared with 2010, says the annual study.
"The rapid development of Baidu has been attributed to the fast-growing Internet industry in China," said Peking Tan, the director of Greater China research and development at Millward Brown. "In addition, the search engine has also benefited from Google Inc's withdrawal from China."
In January 2010, Google, the world's most popular search engine, announced plans to pull its search engine business out of China. The US Internet search giant held 19.2 percent of China's search market by revenue in the first-quarter of 2011, a slight decline from the 19.6 percent it held three months earlier.
Meanwhile, Baidu's market share rose to 75.8 percent from 75.5 percent, according to the research company Analysis International.
Last month, Baidu said profit for the first quarter of this year reached 1.07 billion yuan ($163.5 million) from 480.5 million yuan a year earlier. First-quarter revenue grew 88 percent to 2.4 billion yuan, from 1.3 billion yuan a year earlier.
"Search just became the most popular application for Chinese Internet users and there is still a lot of growth to expect for many years down the road," Baidu's Chief Executive Officer Robin Li said last month.
In Monday's BrandZ report, 12 of the top 100 companies came from China, many of them State-owned: At number nine, China Mobile was the best performer among Chinese companies; ICBC Asia came in at number 11; China Construction Bank at number 24; China Life was number 33; and Bank of China was number 37.
The total value of the top 12 Chinese brands was $259 billion, accounting for 4.4 percent of China's GDP in 2010.
Last year, China's GDP surged to $5.87 trillion, as the country overtook Japan to become the world's second-largest economy after the United States.
As its starting point, Millward Brown takes the value that companies put on their own main brands as an "intangible" factor in their earnings reports.
That figure is then combined with the perceptions of more than 2 million worldwide consumers in the relevant market whom Millward Brown surveys over the course of the year, and then applies a multiple derived from the specific company's short-term future growth prospects.
2011-05-10 10:56:14
The Chinese Internet search engine Baidu Inc has been named as the most valuable brand for a non-State-owned Chinese company.
That's after Baidu climbed 46 positions in the BrandZ list of the world's top 100 brands, according to a study produced by the global brands agency, Millward Brown Group.
Baidu is now ranked 29th out of the 100 companies and has a value of $22.56 billion, an increase of 141 percent compared with 2010, says the annual study.
"The rapid development of Baidu has been attributed to the fast-growing Internet industry in China," said Peking Tan, the director of Greater China research and development at Millward Brown. "In addition, the search engine has also benefited from Google Inc's withdrawal from China."
In January 2010, Google, the world's most popular search engine, announced plans to pull its search engine business out of China. The US Internet search giant held 19.2 percent of China's search market by revenue in the first-quarter of 2011, a slight decline from the 19.6 percent it held three months earlier.
Meanwhile, Baidu's market share rose to 75.8 percent from 75.5 percent, according to the research company Analysis International.
Last month, Baidu said profit for the first quarter of this year reached 1.07 billion yuan ($163.5 million) from 480.5 million yuan a year earlier. First-quarter revenue grew 88 percent to 2.4 billion yuan, from 1.3 billion yuan a year earlier.
"Search just became the most popular application for Chinese Internet users and there is still a lot of growth to expect for many years down the road," Baidu's Chief Executive Officer Robin Li said last month.
In Monday's BrandZ report, 12 of the top 100 companies came from China, many of them State-owned: At number nine, China Mobile was the best performer among Chinese companies; ICBC Asia came in at number 11; China Construction Bank at number 24; China Life was number 33; and Bank of China was number 37.
The total value of the top 12 Chinese brands was $259 billion, accounting for 4.4 percent of China's GDP in 2010.
Last year, China's GDP surged to $5.87 trillion, as the country overtook Japan to become the world's second-largest economy after the United States.
As its starting point, Millward Brown takes the value that companies put on their own main brands as an "intangible" factor in their earnings reports.
That figure is then combined with the perceptions of more than 2 million worldwide consumers in the relevant market whom Millward Brown surveys over the course of the year, and then applies a multiple derived from the specific company's short-term future growth prospects.
Nun, wenn dem so ist, dürfte es am Montag, nachdem der Titel von seinem Hoch doch nahe-
zu 15 % verloren hat, wohl wieder in die Gegenrichtung gehen.
Rumor: Microsoft and Baidu to reach a search deal in China
By damaster on May 13, 2011 7:46 PM
Bing and BaiduAccording to Business Insider, a Chinese press DoNews.com is reporting that Microsoft is closing in on a deal with Baidu, currently China’s largest search engine, as soon as this coming weekend. According to the site:
Microsoft is close to announcing a partnership with Chinese search company Baidu, according to rumors in the Chinese press [...] It looks like Baidu is taking over the paid ads on Bing China, and Bing will provide the English language results for Baidu.
While details for the deal is vague, it does make sense for Microsoft to strike a deal with the biggest search engine in the Chinese market, where Google currently does not dominate. In fact, with Google’s stale relationship with the Chinese government over a year ago, it seems unlikely they will gain a strong foothold in the Chinese market in the near future, creating a good chance for Bing to grow a stronger presence in this market.
It’s also worth noting that Microsoft and Baidu entered into a strategic partnership back in 2006, when Bing wasn’t even around. This previous agreement was centered around Baidu’s paid search listings, allowing them to appear on the search results pages of the Chinese versions of Microsoft sites such as MSN and Live Search (which is now Bing). It is expected that this new deal will deepen this partnership between the two companies.
Do take this news with a grain of salt, as nothing official has been confirmed yet. However, it will be interesting to see how this deal turns out, given that Bing is currently in beta form in China (like most countries around the world). What do you think?
Posted in Bing | Tags: Baidu, Bing, China, Corporate Strategy
zu 15 % verloren hat, wohl wieder in die Gegenrichtung gehen.
Rumor: Microsoft and Baidu to reach a search deal in China
By damaster on May 13, 2011 7:46 PM
Bing and BaiduAccording to Business Insider, a Chinese press DoNews.com is reporting that Microsoft is closing in on a deal with Baidu, currently China’s largest search engine, as soon as this coming weekend. According to the site:
Microsoft is close to announcing a partnership with Chinese search company Baidu, according to rumors in the Chinese press [...] It looks like Baidu is taking over the paid ads on Bing China, and Bing will provide the English language results for Baidu.
While details for the deal is vague, it does make sense for Microsoft to strike a deal with the biggest search engine in the Chinese market, where Google currently does not dominate. In fact, with Google’s stale relationship with the Chinese government over a year ago, it seems unlikely they will gain a strong foothold in the Chinese market in the near future, creating a good chance for Bing to grow a stronger presence in this market.
It’s also worth noting that Microsoft and Baidu entered into a strategic partnership back in 2006, when Bing wasn’t even around. This previous agreement was centered around Baidu’s paid search listings, allowing them to appear on the search results pages of the Chinese versions of Microsoft sites such as MSN and Live Search (which is now Bing). It is expected that this new deal will deepen this partnership between the two companies.
Do take this news with a grain of salt, as nothing official has been confirmed yet. However, it will be interesting to see how this deal turns out, given that Bing is currently in beta form in China (like most countries around the world). What do you think?
Posted in Bing | Tags: Baidu, Bing, China, Corporate Strategy
Das KGV ist ja bei BAIDU der Wahnsinn.
Antwort auf Beitrag Nr.: 41.504.427 von drsch00 am 15.05.11 11:37:31stimmt, aber das war es auch schon vor einem jahr und der kurs hat sich nochmals mehr als verdoppelt.
so lange der derzeitige aufwärtstrend im gesamtmarkt hält, interessiert das kgv nicht. the trend is your friend ist da die devise. erst in schlechten börsenphasen sind bewertungen wieder ein thema.
so lange der derzeitige aufwärtstrend im gesamtmarkt hält, interessiert das kgv nicht. the trend is your friend ist da die devise. erst in schlechten börsenphasen sind bewertungen wieder ein thema.
US-Aktivisten klagen chinesische Suchmaschine Baidu
Eine Gruppe von acht Internetzensurgegnern hat gestern (Ortszeit) den chinesischen Suchmaschinenprimus Baidu und die chinesische Regierung vor einem New Yorker Gericht geklagt. Die Aktivisten werfen Baidu vor, durch seine Zensurmaßnahmen auf Geheiß der Pekinger Regierung die Grundsätze der US-amerikanischen Verfassung zu verletzen.
Grenzüberschreitender Fall
Die Kläger sehen die US-Gesetze verletzt, weil die Zensur von Suchergebnissen auch in den USA wirksam sei. Ein Sprecher des chinesischen Außenministeriums sagte, Baidu handle in Übereinstimmung mit den chinesischen Gesetzen, im Übrigen handle es sich dabei um eine interne Angelegenheit, ausländische Gerichte seien nicht zuständig. Baidu-Aktien werden an der New Yorker Börse gehandelt.
Die Kläger verlangen von Baidu 16 Millionen US-Dollar (11 Mio. Euro). In der Klageschrift wird aber nicht gefordert, dass der Konzern seine Zensurpraxis ändern solle. Es sei nicht realistisch, das anzunehmen, so der Anwalt Stephen Preziosi, der die acht Kläger vertritt.
Publiziert am 19.05.2011
Eine Gruppe von acht Internetzensurgegnern hat gestern (Ortszeit) den chinesischen Suchmaschinenprimus Baidu und die chinesische Regierung vor einem New Yorker Gericht geklagt. Die Aktivisten werfen Baidu vor, durch seine Zensurmaßnahmen auf Geheiß der Pekinger Regierung die Grundsätze der US-amerikanischen Verfassung zu verletzen.
Grenzüberschreitender Fall
Die Kläger sehen die US-Gesetze verletzt, weil die Zensur von Suchergebnissen auch in den USA wirksam sei. Ein Sprecher des chinesischen Außenministeriums sagte, Baidu handle in Übereinstimmung mit den chinesischen Gesetzen, im Übrigen handle es sich dabei um eine interne Angelegenheit, ausländische Gerichte seien nicht zuständig. Baidu-Aktien werden an der New Yorker Börse gehandelt.
Die Kläger verlangen von Baidu 16 Millionen US-Dollar (11 Mio. Euro). In der Klageschrift wird aber nicht gefordert, dass der Konzern seine Zensurpraxis ändern solle. Es sei nicht realistisch, das anzunehmen, so der Anwalt Stephen Preziosi, der die acht Kläger vertritt.
Publiziert am 19.05.2011
Antwort auf Beitrag Nr.: 41.525.430 von Karlll am 19.05.11 11:45:44...da haben wohl welche zu viel freizeit
Baidu ein Kauf für Soros im ersten Quartal, aber ob er noch hält, bleibt abzuwarten.
Milliardär George Soros Investment Manager machte noch einen Schritt nach China Suchmaschine Baidu letzten Quartal nach Dumping es für einen schönen Gewinn im vierten nach Guru Focus. Com am 17. Mai. Er besitzt nun 139.700 Aktien von Baidu.
Soros verkauft seine Beteiligungen an Baidu seine Hedgefonds Soros Fund Management, irgendwann im vierten Quartal.
Milliardär George Soros Investment Manager machte noch einen Schritt nach China Suchmaschine Baidu letzten Quartal nach Dumping es für einen schönen Gewinn im vierten nach Guru Focus. Com am 17. Mai. Er besitzt nun 139.700 Aktien von Baidu.
Soros verkauft seine Beteiligungen an Baidu seine Hedgefonds Soros Fund Management, irgendwann im vierten Quartal.
Hier ging es am 17.5. runter bis auf 125,6 US-$. Das ist doch ein recht arger Rücksetzer
nach den Zahlen des 1. Quartals.
Ich denke aber auch, das die Konsenserwartungen für das 2. Quartal mit 0,65 US-$ recht
hoch liegen, nach 0,45 US-$ für das 1. Quartal.
Dieses, und die Börsengänge von Linkedin, Renren und jetzt Yandex werden dazu geführt haben, daß einige Institutionelle bei Baidu Geld vom Tisch genommen haben.
Es bleibt spannend!!!
Und es wird sicher schwer die Vorgabe für das 2. Quartal zu erreichen, oder gar signifikant
zu überbieten.
Gruß
Karlll
nach den Zahlen des 1. Quartals.
Ich denke aber auch, das die Konsenserwartungen für das 2. Quartal mit 0,65 US-$ recht
hoch liegen, nach 0,45 US-$ für das 1. Quartal.
Dieses, und die Börsengänge von Linkedin, Renren und jetzt Yandex werden dazu geführt haben, daß einige Institutionelle bei Baidu Geld vom Tisch genommen haben.
Es bleibt spannend!!!
Und es wird sicher schwer die Vorgabe für das 2. Quartal zu erreichen, oder gar signifikant
zu überbieten.
Gruß
Karlll
Baidu Says It May Build on Search-Engine Pact With Microsoft
By Mark Lee - May 26, 2011 5:06 AM GMT+0200
Baidu Inc. may expand its search- engine agreement with Microsoft Corp. (MSFT) in China, Senior Vice President Haoyu Shen said in an interview in Beijing today, declining to elaborate. Baidu already has a partnership with Microsoft’s Bing search engine in China, Shen said.
Baidu is working on products in 12 foreign languages, Shen said.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
By Mark Lee - May 26, 2011 5:06 AM GMT+0200
Baidu Inc. may expand its search- engine agreement with Microsoft Corp. (MSFT) in China, Senior Vice President Haoyu Shen said in an interview in Beijing today, declining to elaborate. Baidu already has a partnership with Microsoft’s Bing search engine in China, Shen said.
Baidu is working on products in 12 foreign languages, Shen said.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
Baidu Says It May Build on Search-Engine Pact With Microsoft
By Mark Lee - May 26, 2011 5:06 AM GMT+0200
Baidu Inc. may expand its search- engine agreement with Microsoft Corp. (MSFT) in China, Senior Vice President Haoyu Shen said in an interview in Beijing today, declining to elaborate. Baidu already has a partnership with Microsoft’s Bing search engine in China, Shen said.
Baidu is working on products in 12 foreign languages, Shen said.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
By Mark Lee - May 26, 2011 5:06 AM GMT+0200
Baidu Inc. may expand its search- engine agreement with Microsoft Corp. (MSFT) in China, Senior Vice President Haoyu Shen said in an interview in Beijing today, declining to elaborate. Baidu already has a partnership with Microsoft’s Bing search engine in China, Shen said.
Baidu is working on products in 12 foreign languages, Shen said.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
Baidu Looking at More Overseas Expansion
By OWEN FLETCHER
26.05.2011
BEIJING—Baidu Inc. is looking at expanding into more foreign markets and is investing in technology infrastructure that would support overseas expansion, Haoyu Shen, senior vice president for operations, said Thursday.
The remarks come as Baidu, China's biggest search engine by revenue, looks for ways to fuel growth beyond standard web searches in China.
"We're setting up this multi-language platform to get us more ready once we do decide to go to other markets," Mr. Shen said at a conference, without saying which regions Baidu might target for expansion.
Baidu has global aspirations and "a lot" of Baidu's growth in the next 10 years will come from overseas expansion, he said. Baidu already operates a search engine in Japan, which Mr. Shen said is a tough market but one to which Baidu is committed.
In the e-commerce area, Baidu isn't internally planning any new initiatives, Mr. Shen said. Baidu has turned Youa, an e-commerce site that struggled to gain traction, into a local advertising services site after the company said in March it would transfer its e-commerce merchants to other websites. Youa will likely continue in its new direction, Mr. Shen said.
Baidu is "pretty optimistic" about revenue growth this year, Mr. Shen said, without elaborating.
Mr. Shen also said he expects Baidu's market share in mobile search, measured by user traffic, is "eventually" likely to reach or exceed Baidu's share level in computer-based search, but he didn't give a timeframe or Baidu's market share by traffic.
By revenue, Baidu took a 76% share of the China search market in the first quarter, while rival Google Inc. had a 19% share, according to Beijing research firm Analysys International.
Read more: http://online.wsj.com/article/SB1000142405270230452080457634…
By OWEN FLETCHER
26.05.2011
BEIJING—Baidu Inc. is looking at expanding into more foreign markets and is investing in technology infrastructure that would support overseas expansion, Haoyu Shen, senior vice president for operations, said Thursday.
The remarks come as Baidu, China's biggest search engine by revenue, looks for ways to fuel growth beyond standard web searches in China.
"We're setting up this multi-language platform to get us more ready once we do decide to go to other markets," Mr. Shen said at a conference, without saying which regions Baidu might target for expansion.
Baidu has global aspirations and "a lot" of Baidu's growth in the next 10 years will come from overseas expansion, he said. Baidu already operates a search engine in Japan, which Mr. Shen said is a tough market but one to which Baidu is committed.
In the e-commerce area, Baidu isn't internally planning any new initiatives, Mr. Shen said. Baidu has turned Youa, an e-commerce site that struggled to gain traction, into a local advertising services site after the company said in March it would transfer its e-commerce merchants to other websites. Youa will likely continue in its new direction, Mr. Shen said.
Baidu is "pretty optimistic" about revenue growth this year, Mr. Shen said, without elaborating.
Mr. Shen also said he expects Baidu's market share in mobile search, measured by user traffic, is "eventually" likely to reach or exceed Baidu's share level in computer-based search, but he didn't give a timeframe or Baidu's market share by traffic.
By revenue, Baidu took a 76% share of the China search market in the first quarter, while rival Google Inc. had a 19% share, according to Beijing research firm Analysys International.
Read more: http://online.wsj.com/article/SB1000142405270230452080457634…
Is Baidu Bigger Than China?Rick Aristotle Munarriz
May 26, 2011
This week's successful IPO by Russia's Yandex (Nasdaq: YNDX ) is drawing attention to China's Baidu (Nasdaq: BIDU ) . After all, both search engines command roughly two-thirds of the search queries in their home countries.
Neither company has been able to duplicate that success outside of its own turf. Baidu launched in Japan a few years ago, but it's a small player there. Yandex has a presence in Ukraine, Kazakhstan, and Belarus, but these small markets are unlikely to move the needle. In short, Baidu and Yandex lack the global breadth of Google (Nasdaq: GOOG ) -- but that might soon change.
In a Bloomberg interview yesterday, Senior Vice President Haoyu Shen revealed that China's search engine of choice is working on products in a dozen foreign languages. Shen also told Bloomberg that Baidu wants to expand its search-engine agreement with Microsoft (Nasdaq: MSFT ) .
Whether this means that Baidu plans to expand geographically on its own -- or with Microsoft as a partner throughout Asia -- the possibilities are intriguing.
Baidu simply won't find another opportunity as massive as China. It is the world's most populous nation, with the planet's largest base of Internet users to boot. However, the incremental kick that even lukewarm success in new territories could provide might be significant, should Baidu achieve profitability outside its home country.
Yahoo! (Nasdaq: YHOO ) and Google remain the top dogs in Japan, but Baidu -- or perhaps a Microsoft-Baidu team -- could still make a difference in new regions. The diversity would also do Baidu some good.
Investor appetite for Chinese Internet companies hasn't been the same since news of the Alipay swindle broke two weeks ago. Alibaba's decision to transfer ownership of its popular Alipay payment service without compensating 43% stakeholder Yahoo! has awakened global investors fears of Chinese practices.
Yahoo! addressed the issue during yesterday's annual shareholder meeting, claiming that it was continuing to work toward an acceptable resolution. But if Baidu announced a major global expansion now, it would provide some degree of comfort to investors increasingly gunshy about Chinese Internet companies.
This may be a small world, but it's full of big opportunities for Baidu.
Can Baidu succeed outside of China? Share your thoughts in the comment box below.
31.05.2011 14:01
Tickerspy.com Announces New Search Engine Stocks Index, Including Google, Microsoft, Baidu.com, Yahoo and Yandex
PRINCETON, N.J., May 31, 2011 /PRNewswire/ -- Tickerspy (http://www.tickerspy.com), an investing website featuring nearly 300 unique, proprietary Indexes, announced the creation of the Search Engine Stocks Index, which includes among its components Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), Baidu.com (Nasdaq: BIDU), Yahoo (Nasdaq: YHOO) and Yandex (Nasdaq: YNDX).
To gain immediate access to the Search Engine Stocks Index, a complete list of its components, and various charts and related metrics, please visit the following link:
http://www.tickerspy.com/index/Search-Engine-Stocks?refer=prn21
The Search Engine Stocks Index is down 13.3% versus a 0.5% decline for the S&P 500 over the last month, as these firms continue to be some of the most critical and dominant players in the online space. Â The Index as a whole has outperformed the S&P 500 by over 14% since the start of 2008. Â
Tickerspy Indexes use a "net asset value" calculation and cover a wide range of market sectors and segments, including gold and silver stocks, alternative energy stocks, money center banks, and many more. Â Tickerspy also offers various other technology Indexes, including nine separate semiconductor Indexes and Indexes tracking cloud computing, social networking, Chinese Internet stocks, search engines, smartphones, data storage, battery technology and several others.
About Tickerspy:
Tickerspy is a free, stock market-focused website that lets users track proprietary Indexes and institutional holdings. Â Tickerspy members can also track each other''s portfolios and share investment ideas and news. Â In addition, Tickerspy members receive a free, customized daily email that includes portfolio performance, alerts, and news on the stocks they are tracking.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Â Interested parties may visit adviserinfo.sec.gov for additional information. Â Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Tickerspy, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
© 2011 PR Newswire
Tickerspy.com Announces New Search Engine Stocks Index, Including Google, Microsoft, Baidu.com, Yahoo and Yandex
PRINCETON, N.J., May 31, 2011 /PRNewswire/ -- Tickerspy (http://www.tickerspy.com), an investing website featuring nearly 300 unique, proprietary Indexes, announced the creation of the Search Engine Stocks Index, which includes among its components Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), Baidu.com (Nasdaq: BIDU), Yahoo (Nasdaq: YHOO) and Yandex (Nasdaq: YNDX).
To gain immediate access to the Search Engine Stocks Index, a complete list of its components, and various charts and related metrics, please visit the following link:
http://www.tickerspy.com/index/Search-Engine-Stocks?refer=prn21
The Search Engine Stocks Index is down 13.3% versus a 0.5% decline for the S&P 500 over the last month, as these firms continue to be some of the most critical and dominant players in the online space. Â The Index as a whole has outperformed the S&P 500 by over 14% since the start of 2008. Â
Tickerspy Indexes use a "net asset value" calculation and cover a wide range of market sectors and segments, including gold and silver stocks, alternative energy stocks, money center banks, and many more. Â Tickerspy also offers various other technology Indexes, including nine separate semiconductor Indexes and Indexes tracking cloud computing, social networking, Chinese Internet stocks, search engines, smartphones, data storage, battery technology and several others.
About Tickerspy:
Tickerspy is a free, stock market-focused website that lets users track proprietary Indexes and institutional holdings. Â Tickerspy members can also track each other''s portfolios and share investment ideas and news. Â In addition, Tickerspy members receive a free, customized daily email that includes portfolio performance, alerts, and news on the stocks they are tracking.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Â Interested parties may visit adviserinfo.sec.gov for additional information. Â Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Tickerspy, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
© 2011 PR Newswire
Baidu ist in den letzten Tagen recht stark zurückgekommen. Sollte sie unter das jüngste
Tief von 125,06 gehen, ist es auch möglich, das es noch weiter rolltreppe abwärts geht.
Schaun wir mal, ob die Bärenpfote Baidu weiter drücken kann.
Investor's Corner: Outwitting The Panda's Paw
By ALAN R. ELLIOTT, INVESTOR'S BUSINESS DAILY
Posted 06/06/2011 05:49 PM ET
A bearish reversal by Baidu (BIDU) on May 13 of 2010 set the stage for a challenging few months of chart reading.
The China-based search engine had already posted a phenomenal run, up 165% from its breakout in July 2009.
Starting May 12, 2010, when the company enacted a 10-for-1 stock split, Baidu shares spiked 15% in two days. They then reversed and settled into a consolidation.
The 19% dip was too deep to be a flat base. But the test of support at the 10-week moving average held.
A series of positive moves over the next few weeks lacked serious volume. Then, on June 21, shares jumped 3%. Volume rose 35% — below the 40% you want to see in a breakout, but close enough that it might have been tempting to fudge the rules 1 (weekly chart shown).
The stock lolled for a week and tanked 9%, undercutting its 10-week line in heavy trading.
Baidu finally put in a bottom on July 1, then began climbing 2. Nowhere along that climb did it fashion a viable handle. So where to plot the new buy point?
The left-side high of the base put one possible buy point at 82.39 3.
A more aggressive option: Draw a trend line from the May 13 high, across the June 21 high to a probable intersection with the base's right side.
This gave a buy point of 75.35. Baidu rewarded investors who opted to dive at this higher-risk buy point, but not before toying with them like a panda bear.
The stock cleared the mark, briefly, in less than optimum trade on July 21 and 22 4. On July 23 it ran well past the buy point, but volume slipped 1%.
Shares rose 17% in four weeks, then pulled back almost to the initial buy point. The soft trade on the pullback was a good sign.
If the prior base was challenging, the base begun in August sent much clearer signals.
It corrected 14% — either a flat base or a cup without handle. It found support at the 10-week line. The move off the 10-week came in low volume. As the base built its right side, accumulation outweighed distribution.
There was no arguing with this buy point: 88.42.
The stock cleared that mark with a 5% jump Sept. 20 on a 40% increase in trade 5.
Tief von 125,06 gehen, ist es auch möglich, das es noch weiter rolltreppe abwärts geht.
Schaun wir mal, ob die Bärenpfote Baidu weiter drücken kann.
Investor's Corner: Outwitting The Panda's Paw
By ALAN R. ELLIOTT, INVESTOR'S BUSINESS DAILY
Posted 06/06/2011 05:49 PM ET
A bearish reversal by Baidu (BIDU) on May 13 of 2010 set the stage for a challenging few months of chart reading.
The China-based search engine had already posted a phenomenal run, up 165% from its breakout in July 2009.
Starting May 12, 2010, when the company enacted a 10-for-1 stock split, Baidu shares spiked 15% in two days. They then reversed and settled into a consolidation.
The 19% dip was too deep to be a flat base. But the test of support at the 10-week moving average held.
A series of positive moves over the next few weeks lacked serious volume. Then, on June 21, shares jumped 3%. Volume rose 35% — below the 40% you want to see in a breakout, but close enough that it might have been tempting to fudge the rules 1 (weekly chart shown).
The stock lolled for a week and tanked 9%, undercutting its 10-week line in heavy trading.
Baidu finally put in a bottom on July 1, then began climbing 2. Nowhere along that climb did it fashion a viable handle. So where to plot the new buy point?
The left-side high of the base put one possible buy point at 82.39 3.
A more aggressive option: Draw a trend line from the May 13 high, across the June 21 high to a probable intersection with the base's right side.
This gave a buy point of 75.35. Baidu rewarded investors who opted to dive at this higher-risk buy point, but not before toying with them like a panda bear.
The stock cleared the mark, briefly, in less than optimum trade on July 21 and 22 4. On July 23 it ran well past the buy point, but volume slipped 1%.
Shares rose 17% in four weeks, then pulled back almost to the initial buy point. The soft trade on the pullback was a good sign.
If the prior base was challenging, the base begun in August sent much clearer signals.
It corrected 14% — either a flat base or a cup without handle. It found support at the 10-week line. The move off the 10-week came in low volume. As the base built its right side, accumulation outweighed distribution.
There was no arguing with this buy point: 88.42.
The stock cleared that mark with a 5% jump Sept. 20 on a 40% increase in trade 5.
Antwort auf Beitrag Nr.: 41.612.563 von Karlll am 07.06.11 11:41:24Baidu ist in den letzten Tagen recht stark zurückgekommen. Sollte sie unter das jüngste
Tief von 125,06 gehen, ist es auch möglich, das es noch weiter rolltreppe abwärts geht.
Schon passiert. Trotz positiven Terrains der 3 amiländischen Indizes geht es bei Baidu um
3% gen Süden. Hier wird zweifellos reichlich Geld vom Tisch genommen.
65 Cent für das 2. Quartal sind halt recht hoch angesiedelt, denke ich.
Tief von 125,06 gehen, ist es auch möglich, das es noch weiter rolltreppe abwärts geht.
Schon passiert. Trotz positiven Terrains der 3 amiländischen Indizes geht es bei Baidu um
3% gen Süden. Hier wird zweifellos reichlich Geld vom Tisch genommen.
65 Cent für das 2. Quartal sind halt recht hoch angesiedelt, denke ich.
Baidu is Meaningfully Undervalued, Piper Jaffray Reports
By BenzingaStaffL
Created 06/09/2011 - 8:45am
Piper Jaffray reports that it views shares of Baidu.com (NASDAQ: BIDU [2]) as meaningfully undervalued “given the recent pullback and are buyers at current levels.”
“We believe shares of BIDU have been negatively impacted by corporate governance concerns in China as well as accounting concerns,” Piper Jaffray writes. “Specific to BIDU, we believe the risk to either corporate governance or accounting problems is extremely low. Additionally, we believe Q2 is tracking to plan. Longer term, we remain confident that there remains a significant ramp to search ad spend in China based on our analysis of the ratio of search ad spend to GDP in the US compared to China.”
Baidu.com closed Wednesday at $120.67.
By BenzingaStaffL
Created 06/09/2011 - 8:45am
Piper Jaffray reports that it views shares of Baidu.com (NASDAQ: BIDU [2]) as meaningfully undervalued “given the recent pullback and are buyers at current levels.”
“We believe shares of BIDU have been negatively impacted by corporate governance concerns in China as well as accounting concerns,” Piper Jaffray writes. “Specific to BIDU, we believe the risk to either corporate governance or accounting problems is extremely low. Additionally, we believe Q2 is tracking to plan. Longer term, we remain confident that there remains a significant ramp to search ad spend in China based on our analysis of the ratio of search ad spend to GDP in the US compared to China.”
Baidu.com closed Wednesday at $120.67.
Das Marktumfeld ist natürlich ideal für Shortseller, und so denke ich, das wir am Ende des
Tages uns die 120 US-Dollar noch von unten anschauen werden.
Tages uns die 120 US-Dollar noch von unten anschauen werden.
Auch heute gab es mit minus 3% mächtig Prügel.
Insgesamt haben chin. Internetaktien reichlich eingebüßt.
Youku und Renren jeweils mit über 14% im Minus. Jobs mit 10% im Minus.
Die Melodie könnte noch einige Zeit so weiter gespielt werden im Sommerloch und mit
zunehmender Wachstumsangst.
Insgesamt haben chin. Internetaktien reichlich eingebüßt.
Youku und Renren jeweils mit über 14% im Minus. Jobs mit 10% im Minus.
Die Melodie könnte noch einige Zeit so weiter gespielt werden im Sommerloch und mit
zunehmender Wachstumsangst.
4 Reasons to Buy Baidu Today
http://www.fool.com/investing/high-growth/2011/06/14/4-reaso…
Rick Aristotle Munarriz
June 14, 2011
This may not seem like the best time to begin dabbling in China's fallen dot-com darlings.
Chinese growth stocks are dropping like flies. There's a real investor confidence problem out there, compounded by six weeks of general market declines. However, this is also shaping up to be an ideal time to begin warming up to Baidu (Nasdaq: BIDU ) .
Let's go over a few of the reasons to consider China's largest search engine at a time when investors aren't searching in China at all.
1. Baidu isn't broken.
Shares of Baidu have fallen 24% since peaking two months ago.
It's one of the lucky ones. Leading online portal SINA (Nasdaq: SINA ) has shed 42% of its value, and that's with its red-hot Twitter-esque Weibo continuing to gain traction in the world's most populous nation. ChinaCache (Nasdaq: CCIH ) was one of last year's hottest IPOs, but the Web services provider is now trading a whopping 80% off its earlier high.
Investors need to disconnect a stock's popularity with its fundamentals. Buying into Baidu may be out of favor, but analysts haven't been more encouraged about the company's prospects than they are right now.
Three months ago, Wall Street targeted a profit of $2.48 a share out of Baidu this year and $3.61 a share for next year. Now the pros see earnings of $2.64 a share this year and $3.97 a share come 2012.
2. The valuation is tempting.
You don't need to be a mathematical wunderkind to know that a falling share price coupled with improving profitability results in contracting P/E multiples.
With last night's close of $118.03 and the now beefier net income target of $3.97 a share for next year, Baidu's trading at a forward multiple of a mere 29.7.
When's the last time that you could've bought into Baidu at a year-ahead P/E of less than 30? It's still a high number, but Baidu is growing at a headier clip than that and will likely continue to do so for several more years.
Analysts see revenue climbing 67% this year and 51% next year, with Baidu's bottom line growing even faster.
Baidu's too cheap to ignore relative to its growth.
3. The comparisons get better.
Baidu has always been a speedster relative to Google (Nasdaq: GOOG ) , but now we have another regional search engine to chew on. Russia's Yandex (Nasdaq: YNDX ) went public at $25 last month and is still trading nicely above its initial price tag.
The same can't be said for Baidu over the past month, though investors will eventually realize that Baidu is growing faster and serves a much larger market. Baidu may already command a much larger market cap than Yandex, but comparing Baidu's growth over the next few quarters with that of Yandex and Google should be a rewarding practice from Baidu's perspective.
4. Catalysts are everywhere.
Even if Chinese stocks fail to claw their way back into investor fancy, there are plenty of Baidu-specific news items that may propel the stock higher.
Facebook CEO Mark Zuckerberg met with Baidu when he visited China several months ago, and reports began surfacing in April indicating that Facebook would be launching in China with Baidu as its partner. History has proven that outsiders flop in China without a homegrown partner, and Baidu's the perfect fit.
If you don't see the multiple-expanding potential of social networking, check out the lofty valuations for Latin America's Quepasa (NYSE: QPSA ) and corporate specialist LinkedIn (NYSE: LNKD ) .
Another potential springboard is overseas expansion. A Baidu executive told Bloomberg last month that the company is developing products in a dozen different foreign languages. Baidu entered Japan a few years ago -- with minimal success -- but investors have a way of falling for the tantalizing possibilities of global growth.
There's a world of opportunities -- and growth -- waiting for Baidu.
Und hier der Kurstreiber von heute:
21.06.2011 15:44
ROUNDUP: China's CRIC Expands Strategic Cooperation With Baidu
BEIJING (dpa-AFX) - China Real Estate Information Corp. or CRIC (CRIC), a Chinese provider of real estate information, consulting and online services, Tuesday said it has expanded strategic partnership agreement with Baidu, Inc. (BIDU), a Chinese language Internet search provider. Under the terms, CRIC will pay Baidu a total of 180 million yuan over the three-year term.
CRIC, a subsidiary of E-House (China) Holdings Ltd. (EJ), said it will become Baidu's premier strategic online real estate partner and will have the exclusive right to sell Baidu's real estate brandlink product during the next three years. Brandlink product is one form of keyword advertising.
The payment will be made as 40 million yuan in the first year, 60 million yuan in the second year and 80 million yuan in the third year. This is in addition to the 200 million yuan to be paid over four years under the existing agreements for a series of Baidu web products, which was entered in February 2010.
CRIC noted that the agreements will give it the exclusive right to sell Baidu's real estate brandlink product to all real estate developers in China during the contract period. The company will continue building and operating the Baidu real estate and home furnishing related channels, and will retain all associated revenues from these agreements.
In addition, both companies will continue their previous cooperation in several other Baidu products, including Baidu Website Promotion, Baidu Encyclopedia, Baidu Knows and Baidu Map.
Xin Zhou, CRIC's co-chairman and chief executive officer, said, 'Partnering with Baidu in online real estate search and advertising is an important strategic decision. Through this new agreement with Baidu, CRIC enhances the strength of its search-based online products.'
CRIC is currently trading at $5.33, up $0.31 or 6.18 percent, and BIDU is currently at $121.67, up $3.39 or 2.87 percent.
Copyright RTT News/dpa-AFX
© 2011 AFX News
21.06.2011 15:44
ROUNDUP: China's CRIC Expands Strategic Cooperation With Baidu
BEIJING (dpa-AFX) - China Real Estate Information Corp. or CRIC (CRIC), a Chinese provider of real estate information, consulting and online services, Tuesday said it has expanded strategic partnership agreement with Baidu, Inc. (BIDU), a Chinese language Internet search provider. Under the terms, CRIC will pay Baidu a total of 180 million yuan over the three-year term.
CRIC, a subsidiary of E-House (China) Holdings Ltd. (EJ), said it will become Baidu's premier strategic online real estate partner and will have the exclusive right to sell Baidu's real estate brandlink product during the next three years. Brandlink product is one form of keyword advertising.
The payment will be made as 40 million yuan in the first year, 60 million yuan in the second year and 80 million yuan in the third year. This is in addition to the 200 million yuan to be paid over four years under the existing agreements for a series of Baidu web products, which was entered in February 2010.
CRIC noted that the agreements will give it the exclusive right to sell Baidu's real estate brandlink product to all real estate developers in China during the contract period. The company will continue building and operating the Baidu real estate and home furnishing related channels, and will retain all associated revenues from these agreements.
In addition, both companies will continue their previous cooperation in several other Baidu products, including Baidu Website Promotion, Baidu Encyclopedia, Baidu Knows and Baidu Map.
Xin Zhou, CRIC's co-chairman and chief executive officer, said, 'Partnering with Baidu in online real estate search and advertising is an important strategic decision. Through this new agreement with Baidu, CRIC enhances the strength of its search-based online products.'
CRIC is currently trading at $5.33, up $0.31 or 6.18 percent, and BIDU is currently at $121.67, up $3.39 or 2.87 percent.
Copyright RTT News/dpa-AFX
© 2011 AFX News
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China-Internet Analysten zu Baidu und Netease
Autor: EMFIS.COM
10.06.2011, 11:07
Minneapolis 10.06.2011 (www.emfis.com) Die Analysten der US-amerikanischen Investment-Bank Piper Jaffray haben ihr Rating zweier chinesischer Suchmaschinenbetreiber erneut bestätigt.
Die Papiere von NetEase.com wurden unverändert mit "neutral" bewertet. Piper Jaffray erwartet ein Kursziel von 51,00 US-Dollar.
NetEase betreibt in China die Suchmaschine 163.com. Darüber hinaus wird ein Großteil des Umsatzes mit dem Online-Rollenspiel "Fantasy Westward Journey" generiert. Neben dem klassischen IT-Geschäft ist NetEase vor geraumer Zeit auch in die Lebensmittelproduktion eingestiegen.
Baidu weiterhin auf Wachstumskurs
Die Aktie von Baidu.com wird unverändert mit "overweight" eingestuft. Das Kursziel wurde mit 181,00 US-Dollar angegeben.
Baidu ist der chinesische Marktführer unter den Suchmaschinen. Nach Angaben des Branchendienstes Alexa liegt baidu.com derzeit auf Platz sechs der am meisten besuchten Websites. Baidu hat vor kurzem eine Kooperation mit facebook angekündigt, um eine chinesische Version des sozialen Netzwerks aufzubauen.
Wertpapiere des Artikels:
Baidu Sp ADR-A
Netease.com Sp ADR
Autor: EMFIS.COM
10.06.2011, 11:07
Minneapolis 10.06.2011 (www.emfis.com) Die Analysten der US-amerikanischen Investment-Bank Piper Jaffray haben ihr Rating zweier chinesischer Suchmaschinenbetreiber erneut bestätigt.
Die Papiere von NetEase.com wurden unverändert mit "neutral" bewertet. Piper Jaffray erwartet ein Kursziel von 51,00 US-Dollar.
NetEase betreibt in China die Suchmaschine 163.com. Darüber hinaus wird ein Großteil des Umsatzes mit dem Online-Rollenspiel "Fantasy Westward Journey" generiert. Neben dem klassischen IT-Geschäft ist NetEase vor geraumer Zeit auch in die Lebensmittelproduktion eingestiegen.
Baidu weiterhin auf Wachstumskurs
Die Aktie von Baidu.com wird unverändert mit "overweight" eingestuft. Das Kursziel wurde mit 181,00 US-Dollar angegeben.
Baidu ist der chinesische Marktführer unter den Suchmaschinen. Nach Angaben des Branchendienstes Alexa liegt baidu.com derzeit auf Platz sechs der am meisten besuchten Websites. Baidu hat vor kurzem eine Kooperation mit facebook angekündigt, um eine chinesische Version des sozialen Netzwerks aufzubauen.
Wertpapiere des Artikels:
Baidu Sp ADR-A
Netease.com Sp ADR
BAIDU - War es das mit den Verdopplungen?
von Rene Berteit
Donnerstag 23.06.2011, 19:15 Uhr
Rückblick: Es ist mehr als beeindruckend, was die Käufer in der Baidu Aktie in den vergangenen beiden Jahren ablieferten. Noch Ende 2008 wurde die Aktie bei 10,05 $ gehandelt, um von dort sehr dynamisch bis auf 156,04 $ zu klettern. Dabei zeigt sich auf Wochenbasis ein seitdem ungebrochener Aufwärtstrend und auch als prozyklischer, also in Richtung des Trends denkender Trader stellt sich die Frage, wie lang diese überkaufte Marktlage noch anhalten kann. Zuletzt kamen die Kurse ausgehend vom Hoch bei 156,04 $ zwar wieder deutlicher zurück, aber die Aktie erreicht dabei das Unterstützungsniveau bei ca. 112,50 $. Hier treffen sich eine Reihe von charttechnischen Merkmalen, die der Aktie in dieser Woche Halt geben konnten.
Neben der überkauften Marktlage zeigt sich mit dem deutlichen Rutsch unter die 50iger Wochenlinie nun aber auch ein erstes deutlicheres Achtungszeichen. In der gesamten Rally seit 2008 konnte diese Linie immer wieder auch deutlichere Korrekturen auffangen, womit das Unterschreiten jetzt durchaus bärisch zu werten ist.
Charttechnischer Ausblick: Mit den ersten Achtungszeichen in der Baidu Aktie steigt derzeit das Risiko, dass diese in eine ausgedehntere Konsolidierungsphase übergehen könnte. Im Idealfall tendiert der Wert dabei in den kommenden Wochen zwischen 156,04 $ und ca. 112,50 $ seitwärts.
Alternativ zeigt sich der Trend weiter äußerst stark und die Kurse können deutlich über 156,04 $ ausbrechen. Dann wäre ein Rally in Richtung 200,00 $ möglich.
Auf der Unterseite würde ein Bruch der 110,00-$-Marke weiteres Verkaufspotential bis auf 95,12 $ und 88,50 $ frei machen.
von Rene Berteit
Donnerstag 23.06.2011, 19:15 Uhr
Rückblick: Es ist mehr als beeindruckend, was die Käufer in der Baidu Aktie in den vergangenen beiden Jahren ablieferten. Noch Ende 2008 wurde die Aktie bei 10,05 $ gehandelt, um von dort sehr dynamisch bis auf 156,04 $ zu klettern. Dabei zeigt sich auf Wochenbasis ein seitdem ungebrochener Aufwärtstrend und auch als prozyklischer, also in Richtung des Trends denkender Trader stellt sich die Frage, wie lang diese überkaufte Marktlage noch anhalten kann. Zuletzt kamen die Kurse ausgehend vom Hoch bei 156,04 $ zwar wieder deutlicher zurück, aber die Aktie erreicht dabei das Unterstützungsniveau bei ca. 112,50 $. Hier treffen sich eine Reihe von charttechnischen Merkmalen, die der Aktie in dieser Woche Halt geben konnten.
Neben der überkauften Marktlage zeigt sich mit dem deutlichen Rutsch unter die 50iger Wochenlinie nun aber auch ein erstes deutlicheres Achtungszeichen. In der gesamten Rally seit 2008 konnte diese Linie immer wieder auch deutlichere Korrekturen auffangen, womit das Unterschreiten jetzt durchaus bärisch zu werten ist.
Charttechnischer Ausblick: Mit den ersten Achtungszeichen in der Baidu Aktie steigt derzeit das Risiko, dass diese in eine ausgedehntere Konsolidierungsphase übergehen könnte. Im Idealfall tendiert der Wert dabei in den kommenden Wochen zwischen 156,04 $ und ca. 112,50 $ seitwärts.
Alternativ zeigt sich der Trend weiter äußerst stark und die Kurse können deutlich über 156,04 $ ausbrechen. Dann wäre ein Rally in Richtung 200,00 $ möglich.
Auf der Unterseite würde ein Bruch der 110,00-$-Marke weiteres Verkaufspotential bis auf 95,12 $ und 88,50 $ frei machen.
Baidu Announces Agreement to Invest US$306 Million in Travel Search Engine Qunar
24.06.2011
BEIJING, June 24, 2011 /PRNewswire-Asia/ -- Qunar, the leading travel search engine in China, and Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, jointly announced today a definitive agreement under which Baidu has committed to make a US$306 million strategic investment in Qunar. The investment will make Baidu the majority shareholder of Qunar.
Founded in 2005, Qunar offers Chinese consumers real-time searches for air and rail tickets, hotels, and tour packages. Qunar also provides travel-related resources such as group-buying deals and user discussion forums. According to iResearch, a China-based independent research firm, Qunar ranked number one among travel websites in China as measured by daily unique visitors in March 2011. Qunar has the widest coverage of any travel search engine in China, with more than 11,000 air routes and 102,000 hotels worldwide.
The closing of the definitive agreement is subject to customary conditions. The parties currently expect that the transaction will close in the third quarter of 2011. After the investment, Qunar will continue to operate as an independent company, while both companies will cooperate in certain areas of online travel search. Baidu plans to finance the investment through obtaining a third-party loan facility.
"Travel has long been one of the top categories on Baidu, and the number of travelers in China has been growing very rapidly, so this is a market of obvious strategic importance to us," said Jennifer Li, Chief Financial Officer of Baidu. "Our investment in Qunar will create an even better search experience for users planning trips," she said.
"Qunar provides Chinese travelers with the most comprehensive and accurate travel information online," said Qunar's newly appointed Chief Executive Officer, Mr. Chenchao Zhuang. Mr. Zhuang co-founded the company with Fritz Demopoulos, who will step down as Chief Executive Officer to pursue entrepreneurial business opportunities, while continuing to serve as strategy advisor to Qunar. "By working with Baidu, we can focus on enhancing our search technology and the quality of our products and services," said Mr. Zhuang. "Together, we can enhance the user experience of hundreds of millions of Chinese travelers, whether they're searching with their computers or their mobile devices. We believe that Baidu's strategic investment in us will allow both companies to better capture exciting growth opportunities in our industry."
According to CNNIC's 27th China Internet Report issued in January 2011, among China's 457 million Internet users, search ranked as the most popular application, used by 81.9% of Internet users in China. However, only 7.9% of Internet users in China reported having used online travel booking services. By contrast, in the United States, 66% of Internet users have booked travel services online. As a result, growth opportunities in China's online travel industry remain largely untapped.
"Qunar has developed top-notch travel search technology over the last five years and has built a leading brand name in the industry," said Baidu's Ms. Li. "Under Mr. Zhuang's leadership, I have full confidence that the highly talented and experienced Qunar team will bring the company to a new level of success in collaboration with Baidu."
24.06.2011
BEIJING, June 24, 2011 /PRNewswire-Asia/ -- Qunar, the leading travel search engine in China, and Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, jointly announced today a definitive agreement under which Baidu has committed to make a US$306 million strategic investment in Qunar. The investment will make Baidu the majority shareholder of Qunar.
Founded in 2005, Qunar offers Chinese consumers real-time searches for air and rail tickets, hotels, and tour packages. Qunar also provides travel-related resources such as group-buying deals and user discussion forums. According to iResearch, a China-based independent research firm, Qunar ranked number one among travel websites in China as measured by daily unique visitors in March 2011. Qunar has the widest coverage of any travel search engine in China, with more than 11,000 air routes and 102,000 hotels worldwide.
The closing of the definitive agreement is subject to customary conditions. The parties currently expect that the transaction will close in the third quarter of 2011. After the investment, Qunar will continue to operate as an independent company, while both companies will cooperate in certain areas of online travel search. Baidu plans to finance the investment through obtaining a third-party loan facility.
"Travel has long been one of the top categories on Baidu, and the number of travelers in China has been growing very rapidly, so this is a market of obvious strategic importance to us," said Jennifer Li, Chief Financial Officer of Baidu. "Our investment in Qunar will create an even better search experience for users planning trips," she said.
"Qunar provides Chinese travelers with the most comprehensive and accurate travel information online," said Qunar's newly appointed Chief Executive Officer, Mr. Chenchao Zhuang. Mr. Zhuang co-founded the company with Fritz Demopoulos, who will step down as Chief Executive Officer to pursue entrepreneurial business opportunities, while continuing to serve as strategy advisor to Qunar. "By working with Baidu, we can focus on enhancing our search technology and the quality of our products and services," said Mr. Zhuang. "Together, we can enhance the user experience of hundreds of millions of Chinese travelers, whether they're searching with their computers or their mobile devices. We believe that Baidu's strategic investment in us will allow both companies to better capture exciting growth opportunities in our industry."
According to CNNIC's 27th China Internet Report issued in January 2011, among China's 457 million Internet users, search ranked as the most popular application, used by 81.9% of Internet users in China. However, only 7.9% of Internet users in China reported having used online travel booking services. By contrast, in the United States, 66% of Internet users have booked travel services online. As a result, growth opportunities in China's online travel industry remain largely untapped.
"Qunar has developed top-notch travel search technology over the last five years and has built a leading brand name in the industry," said Baidu's Ms. Li. "Under Mr. Zhuang's leadership, I have full confidence that the highly talented and experienced Qunar team will bring the company to a new level of success in collaboration with Baidu."
Baidu keen on Shanghai international board listing -paper
Tue, Jun 28 2011
SHANGHAI, June 29 (Reuters) - Baidu Inc , China's top search engine, wants to be one of the first companies to list on Shanghai's international board when it is launched, a business daily quoted the firm's chief financial officer as saying.
Li Xinzhe also told the China Securities Journal Baidu's share price had been affected by worries over the accounting practices of overseas-listed Chinese firms, but that its fundamentals were solid with good long-term growth prospects.
"We have repeatedly expressed that we will be pleased to return to the A-share market when we communicate with the government," Li was quoted as saying in the interview.
"And we also wish that we can be in the first batch (of listings on the international board), but details have to depend on the rules of the international board," she added.
China has yet to announce details of the board, which will allow foreign firms to sell yuan-denominated shares for the first time, including its launch date.
Domestic media have reported the securities regulator is planning to allow about 10 foreign companies in the first batch of listings.
Multinationals such as HSBC , Unilever and Standard Chartered Plc have said they want to list on the Shanghai Stock Exchange when rules allow.
Many foreign-incorporated Chinese companies, known in China as red-chips, also want to return to the mainland stock market via the international board.
Baidu, which is focusing more on e-commerce and online video, dominates China's search engine market after Google Inc pulled out following a high-profile fallout with Beijing over censorship last year.
On Friday, Baidu announced it would buy the country's leading travel website Qunar to strengthen its foothold in the competitive Internet sector.
(Reporting by Yixin Chen and Kazunori Takada; Editing by Jonathan Hopfner)
Tue, Jun 28 2011
SHANGHAI, June 29 (Reuters) - Baidu Inc , China's top search engine, wants to be one of the first companies to list on Shanghai's international board when it is launched, a business daily quoted the firm's chief financial officer as saying.
Li Xinzhe also told the China Securities Journal Baidu's share price had been affected by worries over the accounting practices of overseas-listed Chinese firms, but that its fundamentals were solid with good long-term growth prospects.
"We have repeatedly expressed that we will be pleased to return to the A-share market when we communicate with the government," Li was quoted as saying in the interview.
"And we also wish that we can be in the first batch (of listings on the international board), but details have to depend on the rules of the international board," she added.
China has yet to announce details of the board, which will allow foreign firms to sell yuan-denominated shares for the first time, including its launch date.
Domestic media have reported the securities regulator is planning to allow about 10 foreign companies in the first batch of listings.
Multinationals such as HSBC , Unilever and Standard Chartered Plc have said they want to list on the Shanghai Stock Exchange when rules allow.
Many foreign-incorporated Chinese companies, known in China as red-chips, also want to return to the mainland stock market via the international board.
Baidu, which is focusing more on e-commerce and online video, dominates China's search engine market after Google Inc pulled out following a high-profile fallout with Beijing over censorship last year.
On Friday, Baidu announced it would buy the country's leading travel website Qunar to strengthen its foothold in the competitive Internet sector.
(Reporting by Yixin Chen and Kazunori Takada; Editing by Jonathan Hopfner)
28. Juni 2011, 15:20 Uhr
Smartphone-Boom
Baidu entwickelt angeblich chinesisches Handy-OS
Das wird Apple und Google nicht gefallen: Chinas Internet-Riese Baidu arbeitet angeblich an einem eigenen Smartphone-Betriebssystem. Wenn die Gerüchte sich bewahrheiten, könnte Baidu einen der wichtigsten Wachstumsmärkte übernehmen. Pikant: Das Baidu-OS soll auf Googles Android basieren.
Zum Jahresende soll das größte chinesische Suchmaschinenunternehmen Baidu ein eigenes Betriebssystem für Mobiltelefone auf den Markt bringen. Das meldet die auf Hightech-News aus China spezialisierte Nachrichtenseite Technode. Dem Bericht zufolge arbeitet Baidu an einer Software namens Quishi, die künftig auf Smartphones laufen soll. Das Unternehmen dementierte sofort, allerdings nur den Namen. Der sei für ein neues Produkt zur Vermarktung von Werbung auf Mobilgeräten vorgesehen. Auf Anfrage von SPIEGEL ONLINE erklärte Baidu-Sprecher Kaiser Kuo, man kommentiere diese Meldung derzeit nicht.
Bei Apple und Google dürften die Alarmglocken schrillen, wenn von einem Baidu-OS die Rede ist. Für beide Konzerne ist China ein bisher weitgehend unbeackertes Feld. Googles Versuche, sich gegen Baidu als Top-Suchmaschine in China durchzusetzen sind gescheitert. Den Marktforschern von Analysys International zufolge ist Googles Marktanteil im Boom-Markt China im ersten Quartal 2011 auf 19,2 Prozent gefallen, während Baidus Anteil auf 75,8 Prozent stieg.
Apple hingegen rennt mit seinen Produkten offene Türen ein - zumindest bei jenen, die sie sich leisten können. Als der Konzern im Mai mit dem Verkauf des iPad 2 in China begann, kam es vor einem Ladengeschäft der Firma in Peking zu derartigen Tumulten, dass vier Personen mit Verletzungen in Krankenhäuser eingeliefert werden mussten. Meldungen wie diese dürften im Apple-Hauptquartier Hoffnungen geschürt haben, China werde der nächste große Absatzmarktmarkt für iPhone und iPad.
Angeblicher Schnellstart in einer Sekunde
Wenn nun aber Baidu ein speziell an chinesische Gewohnheiten und Verhältnisse angepasstes modernes Handy-Betriebssystem veröffentlicht, könnten sich solche Hoffnungen zerschlagen. Bisher nämlich, führt das chinesische Portal Techweb aus, hat der chinesische Hardware-Hersteller MediaTek einen Anteil von 90 Prozent am chinesischen Handy-Markt. MediaTek bestückt seine Geräte mit einem eigenen Betriebssystem. Dabei kooperiert der Hersteller mit Baidu, integriert die Suchmaschine des Unternehmen in MediaTek-Handys. Ähnlich funktioniert es bei Lenovo, Samsung, Sky und anderen Herstellern, auf deren China-Handys ein eigenes Baidu-Symbol direkt zu der chinesischen Suchmaschine führt.
Diese Integration der eigenen Webdienste dürfte Baidu bei einem eigenen Handy-OS ausweiten. Im März versprach ein Baidu-Sprecher bereits Wunderdinge für die hauseigene Software. Beispielsweise, dass sie binnen einer Sekunde betriebsbereit sei, während ein iPhone für den Startvorgang 45 Sekunden brauche. Das Baidu-OS soll für Smartphones und Tablets gleichermaßen geeignet sein, laut Technode basiert es auf Googles Android.
Gefilterte Suchergebnisse im Tausch gegen ein lokales OS?
Damit hätte Google sich durch den Open-Source-Charakter von Android quasi selbst ausgehebelt und Baidu einen Steilvorlage für die Eigenentwicklung geliefert. Dass so etwas passieren könnte, war seit einiger Zeit abzusehen. Mindestens zwei Smartphone-Betriebssysteme arbeiten mit chinesischen Varianten von Android. Das ist zum einen das rein chinesische DianxinOS und zum anderen das viel versprechende Miui, von dem es neben der chinesischen derzeit acht lokalisierte Fassungen gibt, darunter auch eine deutsche.
Diese Betriebssysteme dürften für deutsche oder britische Nutzer wohl eher ein Hobby sein. Doch in China stehen die Chance gut, dass Anwender ein nationales Smartphone-System begeistert aufnehmen. Schließlich werden westliche Produkte mit Blick auf westliche Kunden und deren Gewohnheiten entwickelt, eine Anpassung an den chinesischen Markt erfolgt einzig durch das Übersetzen von Texten und Bildschirmmenüs. Genau da könnte Baidu sich mit einem chinesischen Betriebssystem von der Konkurrenz abheben.
Die Frage ist, wie viele Chinesen in Kauf nehmen, dass sie sich mit einem möglichen Baidu-OS auch auf eine Suchmaschine festlegen, die ihre Suchergebnisse - anders als Google - gemäß den Zensurvorgaben filtert.
Smartphone-Boom
Baidu entwickelt angeblich chinesisches Handy-OS
Das wird Apple und Google nicht gefallen: Chinas Internet-Riese Baidu arbeitet angeblich an einem eigenen Smartphone-Betriebssystem. Wenn die Gerüchte sich bewahrheiten, könnte Baidu einen der wichtigsten Wachstumsmärkte übernehmen. Pikant: Das Baidu-OS soll auf Googles Android basieren.
Zum Jahresende soll das größte chinesische Suchmaschinenunternehmen Baidu ein eigenes Betriebssystem für Mobiltelefone auf den Markt bringen. Das meldet die auf Hightech-News aus China spezialisierte Nachrichtenseite Technode. Dem Bericht zufolge arbeitet Baidu an einer Software namens Quishi, die künftig auf Smartphones laufen soll. Das Unternehmen dementierte sofort, allerdings nur den Namen. Der sei für ein neues Produkt zur Vermarktung von Werbung auf Mobilgeräten vorgesehen. Auf Anfrage von SPIEGEL ONLINE erklärte Baidu-Sprecher Kaiser Kuo, man kommentiere diese Meldung derzeit nicht.
Bei Apple und Google dürften die Alarmglocken schrillen, wenn von einem Baidu-OS die Rede ist. Für beide Konzerne ist China ein bisher weitgehend unbeackertes Feld. Googles Versuche, sich gegen Baidu als Top-Suchmaschine in China durchzusetzen sind gescheitert. Den Marktforschern von Analysys International zufolge ist Googles Marktanteil im Boom-Markt China im ersten Quartal 2011 auf 19,2 Prozent gefallen, während Baidus Anteil auf 75,8 Prozent stieg.
Apple hingegen rennt mit seinen Produkten offene Türen ein - zumindest bei jenen, die sie sich leisten können. Als der Konzern im Mai mit dem Verkauf des iPad 2 in China begann, kam es vor einem Ladengeschäft der Firma in Peking zu derartigen Tumulten, dass vier Personen mit Verletzungen in Krankenhäuser eingeliefert werden mussten. Meldungen wie diese dürften im Apple-Hauptquartier Hoffnungen geschürt haben, China werde der nächste große Absatzmarktmarkt für iPhone und iPad.
Angeblicher Schnellstart in einer Sekunde
Wenn nun aber Baidu ein speziell an chinesische Gewohnheiten und Verhältnisse angepasstes modernes Handy-Betriebssystem veröffentlicht, könnten sich solche Hoffnungen zerschlagen. Bisher nämlich, führt das chinesische Portal Techweb aus, hat der chinesische Hardware-Hersteller MediaTek einen Anteil von 90 Prozent am chinesischen Handy-Markt. MediaTek bestückt seine Geräte mit einem eigenen Betriebssystem. Dabei kooperiert der Hersteller mit Baidu, integriert die Suchmaschine des Unternehmen in MediaTek-Handys. Ähnlich funktioniert es bei Lenovo, Samsung, Sky und anderen Herstellern, auf deren China-Handys ein eigenes Baidu-Symbol direkt zu der chinesischen Suchmaschine führt.
Diese Integration der eigenen Webdienste dürfte Baidu bei einem eigenen Handy-OS ausweiten. Im März versprach ein Baidu-Sprecher bereits Wunderdinge für die hauseigene Software. Beispielsweise, dass sie binnen einer Sekunde betriebsbereit sei, während ein iPhone für den Startvorgang 45 Sekunden brauche. Das Baidu-OS soll für Smartphones und Tablets gleichermaßen geeignet sein, laut Technode basiert es auf Googles Android.
Gefilterte Suchergebnisse im Tausch gegen ein lokales OS?
Damit hätte Google sich durch den Open-Source-Charakter von Android quasi selbst ausgehebelt und Baidu einen Steilvorlage für die Eigenentwicklung geliefert. Dass so etwas passieren könnte, war seit einiger Zeit abzusehen. Mindestens zwei Smartphone-Betriebssysteme arbeiten mit chinesischen Varianten von Android. Das ist zum einen das rein chinesische DianxinOS und zum anderen das viel versprechende Miui, von dem es neben der chinesischen derzeit acht lokalisierte Fassungen gibt, darunter auch eine deutsche.
Diese Betriebssysteme dürften für deutsche oder britische Nutzer wohl eher ein Hobby sein. Doch in China stehen die Chance gut, dass Anwender ein nationales Smartphone-System begeistert aufnehmen. Schließlich werden westliche Produkte mit Blick auf westliche Kunden und deren Gewohnheiten entwickelt, eine Anpassung an den chinesischen Markt erfolgt einzig durch das Übersetzen von Texten und Bildschirmmenüs. Genau da könnte Baidu sich mit einem chinesischen Betriebssystem von der Konkurrenz abheben.
Die Frage ist, wie viele Chinesen in Kauf nehmen, dass sie sich mit einem möglichen Baidu-OS auch auf eine Suchmaschine festlegen, die ihre Suchergebnisse - anders als Google - gemäß den Zensurvorgaben filtert.
Tech
Baidu: Time To Take Profits?
Jun. 30 2011 - 5:51 pm
By ERIC SAVITZ
Standard & Poor’s Internet analyst Scott Kessler late this afternoon cut his rating on Baidu to Hold from Buy, following a 22% rally in the China-based search engine company’s stock over the last two weeks.
“We continue to view it as a well-positioned and well-managed leader in the Chinese Internet area,” he writes in a research note. “However, we still have concerns related to China. Most notably, we wonder if seemingly calmed concerns about Chinese company financials and corporate governance will intensify again at some point. We also think that as BIDU aggressively expands into new businesses with new offerings, execution risk potentially becomes more of an issue.
He keeps a price target on the stock of $170.
Baidu: Time To Take Profits?
Jun. 30 2011 - 5:51 pm
By ERIC SAVITZ
Standard & Poor’s Internet analyst Scott Kessler late this afternoon cut his rating on Baidu to Hold from Buy, following a 22% rally in the China-based search engine company’s stock over the last two weeks.
“We continue to view it as a well-positioned and well-managed leader in the Chinese Internet area,” he writes in a research note. “However, we still have concerns related to China. Most notably, we wonder if seemingly calmed concerns about Chinese company financials and corporate governance will intensify again at some point. We also think that as BIDU aggressively expands into new businesses with new offerings, execution risk potentially becomes more of an issue.
He keeps a price target on the stock of $170.
UPDATE 1-Baidu says Microsoft's Bing to power its English search
5:51am EDT
* English searches on Baidu to pull up Bing results
* Baidu says to actively push into international search market (Adds details, background)
SHANGHAI, July 4 (Reuters) - China's Baidu , which has three-quarters of China's search market, has signed a deal with Microsoft's Bing to offer English-language search to Baidu users, as Baidu looks to expand overseas and Microsoft to increase its China presence.
Baidu dominates China's search engine market after Google Inc pulled out following a high-profile fallout with Beijing over censorship last year.
The partnership will allow English-language input into Baidu's search box to automatically activate Bing, whose search results will be delivered to Baidu's web pages, Baidu said in an emailed statement.
The cooperation would allow Baidu to improve its English-language search services as it seeks to push into the international search market, while giving Microsoft's Bing better access to China's more than 450 million Internet users, it added.
"The cooperation between Baidu and Microsoft will further strengthen Baidu's dominance in China's search engine market, and will also make Google's business in China more difficult," said Dong Xu, an analyst with Analysys International.
"The move will also pave the way for Baidu's overseas business expansion, especially in the English-language search market."
Baidu had 76 percent of the Chinese search market in the first quarter of 2011, while Bing's share was negligible, according to Analysys International data.
Baidu has also been increasingly moving into other areas of business.
Last month it said it was paying $306 million to take a majority stake in travel website Qunar, as it focuses more on e-commerce and online video.
Shares in Baidu have risen more than 48 percent so far this year, even after a fall during June, as concerns over fraud at some Chinese companies listed overseas hit Chinese companies listed in New York more broadly.
China is the world's largest Internet market, but with web penetration hovering around 30 percent and lack of sophisticated users outside the big cities, the potential for growth is huge, analysts say. (Reporting by Jason Subler, Samuel Shen and Melanie Lee; Editing by Jacqueline Wong)
© Thomson Reuters 2011.
5:51am EDT
* English searches on Baidu to pull up Bing results
* Baidu says to actively push into international search market (Adds details, background)
SHANGHAI, July 4 (Reuters) - China's Baidu , which has three-quarters of China's search market, has signed a deal with Microsoft's Bing to offer English-language search to Baidu users, as Baidu looks to expand overseas and Microsoft to increase its China presence.
Baidu dominates China's search engine market after Google Inc pulled out following a high-profile fallout with Beijing over censorship last year.
The partnership will allow English-language input into Baidu's search box to automatically activate Bing, whose search results will be delivered to Baidu's web pages, Baidu said in an emailed statement.
The cooperation would allow Baidu to improve its English-language search services as it seeks to push into the international search market, while giving Microsoft's Bing better access to China's more than 450 million Internet users, it added.
"The cooperation between Baidu and Microsoft will further strengthen Baidu's dominance in China's search engine market, and will also make Google's business in China more difficult," said Dong Xu, an analyst with Analysys International.
"The move will also pave the way for Baidu's overseas business expansion, especially in the English-language search market."
Baidu had 76 percent of the Chinese search market in the first quarter of 2011, while Bing's share was negligible, according to Analysys International data.
Baidu has also been increasingly moving into other areas of business.
Last month it said it was paying $306 million to take a majority stake in travel website Qunar, as it focuses more on e-commerce and online video.
Shares in Baidu have risen more than 48 percent so far this year, even after a fall during June, as concerns over fraud at some Chinese companies listed overseas hit Chinese companies listed in New York more broadly.
China is the world's largest Internet market, but with web penetration hovering around 30 percent and lack of sophisticated users outside the big cities, the potential for growth is huge, analysts say. (Reporting by Jason Subler, Samuel Shen and Melanie Lee; Editing by Jacqueline Wong)
© Thomson Reuters 2011.
Microsoft und Baidu schließen sich zusammen
Chinas größter Suchmaschinenbetreiber Baidu geht eine Partnerschaft mit dem US-Software-Konzern Microsoft ein. Dadurch solle Baidu sein englischsprachiges Angebot verbessern und Microsoft von mehr Nutzern profitieren.
Von der neuen Suchmaschinen-Partnerschaft zwischen Microsoft und Baidu sollen alle Beteiligten profitieren. Quelle: REUTERS
Shanghai.Der US-Software-Konzern Microsoft hat eine Zusammenarbeit mit Chinas größtem Suchmaschinenbetreiber Baidu besiegelt. Die Kooperation sieht eine Integration von Microsofts Suchmaschine Bing auf der chinesischen Internet-Seite vor, wie Baidu am Montag mitteilte. Tippen Nutzer künftig eine englischsprachige Suchanfrage auf Baidu ein, wird demnach automatisch Bing aktiviert, dessen Ergebnisse dann auf Baidu angezeigt werden. Dadurch verbessere Baidu sein englischsprachiges Angebot, während Bing Zugang zu den mehr als 450 Millionen Internet-Nutzern von Baidu erhalte. Microsoft war für eine Stellungnahme zunächst nicht zu erreichen.
Nach dem Rückzug des US-Konzerns Google aus China wegen eines Streits um Zensurfragen dominiert Baidu den chinesischen Suchmaschinen-Markt mit einem Anteil von 76 Prozent. Die Kooperation mit Microsoft dürfte es Google weiter erschweren, in dem Riesenreich wieder Fuß zu fassen. China ist schon jetzt der größte Internet-Markt der Welt. Mit einer Web-Verbreitung von lediglich 30 Prozent birgt das Land aber nach Einschätzung von Analysten immer noch ein großes Wachstumspotenzial für Internet-Unternehmen.
rtr
© 2011 Handelsblatt GmbH
Chinas größter Suchmaschinenbetreiber Baidu geht eine Partnerschaft mit dem US-Software-Konzern Microsoft ein. Dadurch solle Baidu sein englischsprachiges Angebot verbessern und Microsoft von mehr Nutzern profitieren.
Von der neuen Suchmaschinen-Partnerschaft zwischen Microsoft und Baidu sollen alle Beteiligten profitieren. Quelle: REUTERS
Shanghai.Der US-Software-Konzern Microsoft hat eine Zusammenarbeit mit Chinas größtem Suchmaschinenbetreiber Baidu besiegelt. Die Kooperation sieht eine Integration von Microsofts Suchmaschine Bing auf der chinesischen Internet-Seite vor, wie Baidu am Montag mitteilte. Tippen Nutzer künftig eine englischsprachige Suchanfrage auf Baidu ein, wird demnach automatisch Bing aktiviert, dessen Ergebnisse dann auf Baidu angezeigt werden. Dadurch verbessere Baidu sein englischsprachiges Angebot, während Bing Zugang zu den mehr als 450 Millionen Internet-Nutzern von Baidu erhalte. Microsoft war für eine Stellungnahme zunächst nicht zu erreichen.
Nach dem Rückzug des US-Konzerns Google aus China wegen eines Streits um Zensurfragen dominiert Baidu den chinesischen Suchmaschinen-Markt mit einem Anteil von 76 Prozent. Die Kooperation mit Microsoft dürfte es Google weiter erschweren, in dem Riesenreich wieder Fuß zu fassen. China ist schon jetzt der größte Internet-Markt der Welt. Mit einer Web-Verbreitung von lediglich 30 Prozent birgt das Land aber nach Einschätzung von Analysten immer noch ein großes Wachstumspotenzial für Internet-Unternehmen.
rtr
© 2011 Handelsblatt GmbH
Bei dem Deal mit Baidu würden die gesamten Werbeeinnahmen zwar beim chinesischen Partner bleiben
Nun, wenn dem tatsächlich so ist, wäre das natürlich eine feine Geschichte.
Wirtschaft
5. Juli 2011, 13:26 Uhr
Microsoft
Dank Baidu: Chinesischer Markt für Suchmaschinen im Visier
Microsoft will den chinesischen Markt für Suchmaschinen aufmischen. Kooperation mit dem Markftührer Baidu bis Jahresende geplant.
Microsoft möchte künftig mit Baidu kooperieren
Berlin. Während der große Rivale Google in China nach einem Zensur-Streit auf Sparflamme fährt, prescht Microsoft ins Suchmaschinen-Geschäft in dem boomenden Markt vor. Marktführer Baidu wird für englischsprachige Suchanfragen auf seiner Webseite auf Microsofts Bing zurückgreifen, wie das chinesische Unternehmen am Montag laut Medienberichten mitteilte. Der Plan solle zum Jahresende umgesetzt werden, berichtete die „New York Times“. Dem „Wall Street Journal“ zufolge geht es dabei nur um einen Teil der Suchanfragen, der Anteil wurde jedoch nicht näher genannt. Baidu beherrscht die Websuche in China mit einem geschätzten Marktanteil von bis zu 80 Prozent. Die Dominanz wurde zementiert, nachdem Google eine Kraftprobe mit den chinesischen Behörden wagte. Der Internet-Konzern hatte Anfang vergangenen Jahres nach einer Hacker-Attacke angekündigt, sich nicht mehr an Pekings Zensurvorgaben halten zu wollen und dafür notfalls auch die Verbannung aus dem Reich der Mitte zu riskieren.
Chinesische Behörden schreiben Internet-Unternehmen als Voraussetzung für den Betrieb vor, für die Machthaber in Peking politisch heikle Inhalte herauszufiltern. Dafür gehören etwa Informationen über die blutige Niederschlagung der Proteste auf dem Platz des Himmlischen Friedens oder die Kontroverse um Tibet. Obwohl dazu keine Angaben gemacht wurden, sei davon auszugehen, dass auch Microsoft seine Suchergebnisse werde zensieren müssen, schrieb die „New York Times“. Google leitete bei dem Streit mit Peking zunächst die Suchanfragen aus China im Frühjahr 2010 direkt auf seine Seite in Hongkong um, wo die Treffer nicht zensiert werden müssen. Die Behörden blockierten den Zugang umgehend. Als ein Verlust der Lizenz für China drohte, ersetzte der Konzern dann im Sommer die automatische Weiterleitung bei google.cn durch einen Link zu Hongkong-Seite, den die Nutzer selbst anklicken müssen. Nach dem Streit schrumpfte der Google-Marktanteil in China von zuvor mehr als 30 auf zuletzt geschätzte knapp 20 Prozent. Weltweit ist Google die mit Abstand meistgenutzte Internet-Suchmaschine.
Microsofts Bing liege in China derzeit nur bei einem Prozent, schrieb die „Financial Times“ unter Berufung auf die Marktforschungsfirma Analysys International. Bei dem Deal mit Baidu würden die gesamten Werbeeinnahmen zwar beim chinesischen Partner bleiben, Microsoft werde aber seinen Dienst in China etwas bekannter machen können, hieß es. (dpa)
Nun, wenn dem tatsächlich so ist, wäre das natürlich eine feine Geschichte.
Wirtschaft
5. Juli 2011, 13:26 Uhr
Microsoft
Dank Baidu: Chinesischer Markt für Suchmaschinen im Visier
Microsoft will den chinesischen Markt für Suchmaschinen aufmischen. Kooperation mit dem Markftührer Baidu bis Jahresende geplant.
Microsoft möchte künftig mit Baidu kooperieren
Berlin. Während der große Rivale Google in China nach einem Zensur-Streit auf Sparflamme fährt, prescht Microsoft ins Suchmaschinen-Geschäft in dem boomenden Markt vor. Marktführer Baidu wird für englischsprachige Suchanfragen auf seiner Webseite auf Microsofts Bing zurückgreifen, wie das chinesische Unternehmen am Montag laut Medienberichten mitteilte. Der Plan solle zum Jahresende umgesetzt werden, berichtete die „New York Times“. Dem „Wall Street Journal“ zufolge geht es dabei nur um einen Teil der Suchanfragen, der Anteil wurde jedoch nicht näher genannt. Baidu beherrscht die Websuche in China mit einem geschätzten Marktanteil von bis zu 80 Prozent. Die Dominanz wurde zementiert, nachdem Google eine Kraftprobe mit den chinesischen Behörden wagte. Der Internet-Konzern hatte Anfang vergangenen Jahres nach einer Hacker-Attacke angekündigt, sich nicht mehr an Pekings Zensurvorgaben halten zu wollen und dafür notfalls auch die Verbannung aus dem Reich der Mitte zu riskieren.
Chinesische Behörden schreiben Internet-Unternehmen als Voraussetzung für den Betrieb vor, für die Machthaber in Peking politisch heikle Inhalte herauszufiltern. Dafür gehören etwa Informationen über die blutige Niederschlagung der Proteste auf dem Platz des Himmlischen Friedens oder die Kontroverse um Tibet. Obwohl dazu keine Angaben gemacht wurden, sei davon auszugehen, dass auch Microsoft seine Suchergebnisse werde zensieren müssen, schrieb die „New York Times“. Google leitete bei dem Streit mit Peking zunächst die Suchanfragen aus China im Frühjahr 2010 direkt auf seine Seite in Hongkong um, wo die Treffer nicht zensiert werden müssen. Die Behörden blockierten den Zugang umgehend. Als ein Verlust der Lizenz für China drohte, ersetzte der Konzern dann im Sommer die automatische Weiterleitung bei google.cn durch einen Link zu Hongkong-Seite, den die Nutzer selbst anklicken müssen. Nach dem Streit schrumpfte der Google-Marktanteil in China von zuvor mehr als 30 auf zuletzt geschätzte knapp 20 Prozent. Weltweit ist Google die mit Abstand meistgenutzte Internet-Suchmaschine.
Microsofts Bing liege in China derzeit nur bei einem Prozent, schrieb die „Financial Times“ unter Berufung auf die Marktforschungsfirma Analysys International. Bei dem Deal mit Baidu würden die gesamten Werbeeinnahmen zwar beim chinesischen Partner bleiben, Microsoft werde aber seinen Dienst in China etwas bekannter machen können, hieß es. (dpa)
Is Baidu Sleeping With the Bing Enemy?
http://www.fool.com/investing/general/2011/07/05/is-baidu-sl…
Rick Aristotle Munarriz
July 5, 2011
China's leading search engine is teaming up with the world's largest software company to beef up its English-language queries.
Microsoft's (Nasdaq: MSFT ) Bing will begin serving up results to the roughly 10 million search requests in English that are entered daily on Baidu (Nasdaq: BIDU ) .
The deal makes sense in theory. Baidu is the undisputed champ of Chinese-language search, accounting for more than three quarters of the country's search traffic. Expanding into Japan -- home to another character-driven language -- a few years ago hasn't been easy. It will probably take even longer before it masters Western searches.
Baidu still needs to be careful here. As a hometown fave, Baidu's decision to lean on Bing for English searches will validate the foreign provider. We all saw what happened when Yahoo! turned to a then-upstart Google (Nasdaq: GOOG ) to fuel its searches a decade ago. Yahoo! dumped Big G as its search technology in 2004, but the damage was already done. The Google brand had arrived.
Microsoft has been opportunistic lately, offering up billions to power Yahoo!'s searches and Nokia's (Nasdaq: NOK ) smartphones. However, both of those companies were grappling with meandering market share and uninspiring top-line growth. Baidu is on top of the world. Revenue and earnings soared 88% and 123%, respectively, in its latest quarter. It has blown past Wall Street's quarterly profit targets with ease over the past two years. It also doesn't need the money, though the financial details of this arrangement are not being disclosed.
In short, Baidu has more to lose than gain here. In the eyes of China, Bing will become the search engine of choice for English queries. This may dent Google's fading market share at first, but won't it ultimately build up Bing as Baidu's biggest threat as Microsoft beefs up its Chinese-language search?
Be careful with Mr. Softy, Baidu. History hasn't been kind to the outsourcers in this space.
Baidu in deal with Chinese firm to grab TV viewers
6:00am EDT
SHANGHAI, July 6 (Reuters) - China's top search engine Baidu Inc said on Wednesday it had reached an agreement with a Chinese television company to bring its search box to millions of television screens.
Baidu said in a statement it reached an agreement with Huashu Media Internet company to jointly develop digital products and business models for Chinese television users.
Baidu will also provide its current services of search, video, music and communication to more than 100 cities, potentially reaching tens of millions of television users.
"Search is not limited to a PC or a mobile terminal. We hope that everyone, through any terminal, anytime, anywhere, can easily find the accurate information they need through Baidu's 'box'," Baidu's assistant to the chief executive Zhang Dongchen said in a statement.
Baidu, which owns a stake in online video company Qiyi.com, is trying to diversify outside its core business of search. Earlier this year, the firm announced a tie-up with Microsoft that will see Microsoft's search engine Bing power its English-keyword searches.
Baidu leads China's search market with around 80 percent of user traffic. China is the world's largest Internet market with more than 450 million users. (Reporting by Melanie Lee; Editing by Jacqueline Wong)
6:00am EDT
SHANGHAI, July 6 (Reuters) - China's top search engine Baidu Inc said on Wednesday it had reached an agreement with a Chinese television company to bring its search box to millions of television screens.
Baidu said in a statement it reached an agreement with Huashu Media Internet company to jointly develop digital products and business models for Chinese television users.
Baidu will also provide its current services of search, video, music and communication to more than 100 cities, potentially reaching tens of millions of television users.
"Search is not limited to a PC or a mobile terminal. We hope that everyone, through any terminal, anytime, anywhere, can easily find the accurate information they need through Baidu's 'box'," Baidu's assistant to the chief executive Zhang Dongchen said in a statement.
Baidu, which owns a stake in online video company Qiyi.com, is trying to diversify outside its core business of search. Earlier this year, the firm announced a tie-up with Microsoft that will see Microsoft's search engine Bing power its English-keyword searches.
Baidu leads China's search market with around 80 percent of user traffic. China is the world's largest Internet market with more than 450 million users. (Reporting by Melanie Lee; Editing by Jacqueline Wong)
Why Baidu Could Triple From Here
by: Sean Farhy July 7, 2011
Could Baidu (BIDU) triple from here? It may sound a little crazy but let’s look at a few reasons why.
* Baidu trades at 37 times forward earnings, Google (GOOG) trades at 14 times forward earnings, if we take Google’s current multiples and overlay them on Baidu’s current stock price, we could see an increase from $145 a share to around $385 a share. If we look at trailing earnings—we estimate that Baidu shares would be worth around $600 a share.
* Baidu’s quarterly year-over-year revenue growth and is 88% vs. Google’s 26%, and Baidu’s quarterly year-over-year earnings growth is 122% while Google’s was –8%. Future estimated growth for this year and next is 14% and 16% for Google vs. 75% and 50% for Baidu.
* China is still a growing market, despite government obstacles and regulatory issues. China is expected to grow at around 10% while the U.S. and other western economies will be lucky not to slip back into recession. A growing China market will further justify Baidu’s high multiples.
There are certainly risks associated with investing in China, mainly political ones. Over the past several years Google has had repeated problems with the Chinese government, as it has threatened to shut down Google's operations there. Google’s loss would be Baidu’s gain, as Baidu already has 75% of the Chinese search market, and it's still growing.
Eventually Baidu’s growth will mature as Google’s did, but with over a billion Chinese still coming into a first world economy, one should not ignore this stock. It is my belief that this stock still has good reason to rise further, a triple from here is certainly possible. Years ago, I was in the camp that one could not justify the multiples, business model, and growth forecasts of Google. I don’t want to make the same mistake twice.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
by: Sean Farhy July 7, 2011
Could Baidu (BIDU) triple from here? It may sound a little crazy but let’s look at a few reasons why.
* Baidu trades at 37 times forward earnings, Google (GOOG) trades at 14 times forward earnings, if we take Google’s current multiples and overlay them on Baidu’s current stock price, we could see an increase from $145 a share to around $385 a share. If we look at trailing earnings—we estimate that Baidu shares would be worth around $600 a share.
* Baidu’s quarterly year-over-year revenue growth and is 88% vs. Google’s 26%, and Baidu’s quarterly year-over-year earnings growth is 122% while Google’s was –8%. Future estimated growth for this year and next is 14% and 16% for Google vs. 75% and 50% for Baidu.
* China is still a growing market, despite government obstacles and regulatory issues. China is expected to grow at around 10% while the U.S. and other western economies will be lucky not to slip back into recession. A growing China market will further justify Baidu’s high multiples.
There are certainly risks associated with investing in China, mainly political ones. Over the past several years Google has had repeated problems with the Chinese government, as it has threatened to shut down Google's operations there. Google’s loss would be Baidu’s gain, as Baidu already has 75% of the Chinese search market, and it's still growing.
Eventually Baidu’s growth will mature as Google’s did, but with over a billion Chinese still coming into a first world economy, one should not ignore this stock. It is my belief that this stock still has good reason to rise further, a triple from here is certainly possible. Years ago, I was in the camp that one could not justify the multiples, business model, and growth forecasts of Google. I don’t want to make the same mistake twice.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Baidu, NTT DoCoMo to Set Up JV in China
By JURO OSAWA
08.07.2011
TOKYO—Japanese telecom operator NTT DoCoMo Inc. said Friday it has agreed with Chinese Internet search operator Baidu Inc. to set up a joint venture in China to distribute games and other mobile-phone content in the mainland in a move that could help them cash in on the expected growth of smartphone users.
Baidu, China's largest online search engine, will hold 80% of the joint venture, while DoCoMo, Japan's largest mobile carrier, will hold 20%. DoCoMo said its investment will amount to about ¥2 billion ($24.6 million).
Demand for mobile content in China is expected to surge in the coming years. Content to be distributed by the joint venture will include Japanese games, animation and comic books.
With smartphones, more people are surfing the web and using various online services on their handsets, creating a huge incentive for Internet companies to launch services for the mobile market.
Baidu is looking to expand its business beyond online search advertising, which accounts for most of its revenue. The company's other efforts to diversify its businesses include its e-commerce joint venture in China with Japan's Rakuten Inc., and its online video venture Qiyi.
Baidu's share of the revenue in China's online search market was 75.8% in the first quarter, up from 75.5% in the previous quarter, while Google Inc.'s share was down to 19.2% from 19.6%, according to Beijing research firm Analysys International.
DoCoMo will provide Baidu with its know-how in building content distribution systems for mobile handsets.
The partnership is part of DoCoMo's efforts to increase its overseas presence. Although the carrier continues to control about half of Japan's mobile market by subscriber figures, the country's population is aging and shrinking. Seeking long-term growth, DoCoMo has been seeking more opportunities to expand overseas. The company has invested about ¥263 billion in India's Tata Teleservices Ltd. and holds a 26.5% stake in the mobile carrier.
--Owen Fletcher in Beijing contributed to this article.
Read more: http://online.wsj.com/article/SB1000142405270230336580457643…
By JURO OSAWA
08.07.2011
TOKYO—Japanese telecom operator NTT DoCoMo Inc. said Friday it has agreed with Chinese Internet search operator Baidu Inc. to set up a joint venture in China to distribute games and other mobile-phone content in the mainland in a move that could help them cash in on the expected growth of smartphone users.
Baidu, China's largest online search engine, will hold 80% of the joint venture, while DoCoMo, Japan's largest mobile carrier, will hold 20%. DoCoMo said its investment will amount to about ¥2 billion ($24.6 million).
Demand for mobile content in China is expected to surge in the coming years. Content to be distributed by the joint venture will include Japanese games, animation and comic books.
With smartphones, more people are surfing the web and using various online services on their handsets, creating a huge incentive for Internet companies to launch services for the mobile market.
Baidu is looking to expand its business beyond online search advertising, which accounts for most of its revenue. The company's other efforts to diversify its businesses include its e-commerce joint venture in China with Japan's Rakuten Inc., and its online video venture Qiyi.
Baidu's share of the revenue in China's online search market was 75.8% in the first quarter, up from 75.5% in the previous quarter, while Google Inc.'s share was down to 19.2% from 19.6%, according to Beijing research firm Analysys International.
DoCoMo will provide Baidu with its know-how in building content distribution systems for mobile handsets.
The partnership is part of DoCoMo's efforts to increase its overseas presence. Although the carrier continues to control about half of Japan's mobile market by subscriber figures, the country's population is aging and shrinking. Seeking long-term growth, DoCoMo has been seeking more opportunities to expand overseas. The company has invested about ¥263 billion in India's Tata Teleservices Ltd. and holds a 26.5% stake in the mobile carrier.
--Owen Fletcher in Beijing contributed to this article.
Read more: http://online.wsj.com/article/SB1000142405270230336580457643…
Baidu Bing Deal Is Great Strategy But Unimportant For Microsoft Stock
Jul. 8 2011 - 2:32 am
Baidu, the most popular Chinese search engine with over 83% of the market, has been the dominant player in the Chinese search landscape for years. While Baidu offers quality results in the local language, it hasn’t fared well when it comes to search results in the English language.
On Tuesday, Baidu announced a partnership with Microsoft, which opens the China market to Bing and is a rare success over Google that left China following censorship concerns. [1] Bing will now power the English language search results on Baidu, which could help it grow its market share vs. Google and Yahoo.
Strategic Move & Muted Upside for Now
We currently have a $27 price estimate for Microsoft, which implies a 4% upside to the current market price of near $26. This deal is largely strategic in nature so we do not expect much of an impact Microsoft’s as Bing accounts for less than 3% of the Trefis price estimate for Microsoft.
Microsoft Gains Access to Chinese Internet Population – 470 Million Users
With the Baidu deal, Microsoft now has a chance to reach the largest Internet population in the world – 470 million users – who are increasingly beginning to use the English language search on Baidu. Bing currently powers close to 10% of all global searches with about 4% through Bing and 6% through Yahoo Search. [2] With the Baidu deal, it has a chance to increase this further. Gaining access to the Internet population in the Chinese mainland gives Bing a huge boost over Google.
Jul. 8 2011 - 2:32 am
Baidu, the most popular Chinese search engine with over 83% of the market, has been the dominant player in the Chinese search landscape for years. While Baidu offers quality results in the local language, it hasn’t fared well when it comes to search results in the English language.
On Tuesday, Baidu announced a partnership with Microsoft, which opens the China market to Bing and is a rare success over Google that left China following censorship concerns. [1] Bing will now power the English language search results on Baidu, which could help it grow its market share vs. Google and Yahoo.
Strategic Move & Muted Upside for Now
We currently have a $27 price estimate for Microsoft, which implies a 4% upside to the current market price of near $26. This deal is largely strategic in nature so we do not expect much of an impact Microsoft’s as Bing accounts for less than 3% of the Trefis price estimate for Microsoft.
Microsoft Gains Access to Chinese Internet Population – 470 Million Users
With the Baidu deal, Microsoft now has a chance to reach the largest Internet population in the world – 470 million users – who are increasingly beginning to use the English language search on Baidu. Bing currently powers close to 10% of all global searches with about 4% through Bing and 6% through Yahoo Search. [2] With the Baidu deal, it has a chance to increase this further. Gaining access to the Internet population in the Chinese mainland gives Bing a huge boost over Google.
08.07.2011 10:16
Baidu Announces Realignment of Four Main Business Functions
BEIJING, July 8, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (the "Company") (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced the realignment of four main business functions: Sales, Commercial Operations, User Products and Technologies, and Commercial Products and Technologies. Baidu will implement an executive rotational program to promote management innovation and efficiency.
"With the development and rising complexity of Baidu''s business, promoting organizational innovation and personnel training have become important tasks," said Robin Li, Baidu''s chairman and chief executive officer. "Over the past decade, we have constantly upgraded and improved our operations to deliver excellent results. With the realignment of Baidu''s four main business functions, I''m confident that we will spur exciting new developments in technologies and products, create greater efficiencies in our sales operations, and enhance synergies in our management structure."
Sales Functions: Vice president Zhan Wang has been named as head of Sales, which will unify Baidu''s direct sales, channel sales, key accounts sales and search engine marketing functions. Mr. Wang joined Baidu in July 2000 and has served as the Company''s vice president since January 2010. He previously was in charge of Baidu''s commercial products and mobile Internet business.
Commercial Operations Functions: Vice president Hailong Xiang has been appointed to oversee the Commercial Operations functions, which will incorporate commercial product applications, service management, sales operations, Baidu Union, and commercial product development functions. Mr. Xiang joined Baidu in February 2005 and has served as vice president of sales since April 2007. He previously oversaw direct sales for Baidu''s search marketing business nationally.
User Products and Technologies Functions: Vice president Mengqiu Wang has been assigned to head the User Products and Technologies functions, bringing together the client-side software and user R&D functions. Ms. Wang joined Baidu in November 2002, and was promoted to vice president in January 2011. She currently oversees search technology R&D and other related activities, and will retain these responsibilities in her new role.
Commercial Products and Technologies Functions: Vice president Jing Wang has been named as head of the Commercial Products and Technologies (including Cloud Computing and Mobile) functions, which will incorporate Baidu''s commercial products and technologies, mobile and IT infrastructure functions. Mr. Wang joined the Baidu team in April 2010 as vice president of engineering. He previously oversaw the research and development of Baidu''s commercial products as well as the company''s IT infrastructure.
Baidu also today announced that senior vice president Haoyu Shen is resigning from the Company for personal reasons and will leave at the end of this month.
"We are grateful for Haoyu''s contribution to the company''s development over the last few years and we wish him every success in the future," Mr. Li added.
Separately, Victor Liang, senior director of Baidu''s legal department, has been promoted to vice president. In his new role, Mr. Liang will oversee the legal department, online systems management, policy research, intellectual property and patent-related matters. He will report to Jennifer Li, Baidu''s chief financial officer.
Baidu Announces Realignment of Four Main Business Functions
BEIJING, July 8, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (the "Company") (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced the realignment of four main business functions: Sales, Commercial Operations, User Products and Technologies, and Commercial Products and Technologies. Baidu will implement an executive rotational program to promote management innovation and efficiency.
"With the development and rising complexity of Baidu''s business, promoting organizational innovation and personnel training have become important tasks," said Robin Li, Baidu''s chairman and chief executive officer. "Over the past decade, we have constantly upgraded and improved our operations to deliver excellent results. With the realignment of Baidu''s four main business functions, I''m confident that we will spur exciting new developments in technologies and products, create greater efficiencies in our sales operations, and enhance synergies in our management structure."
Sales Functions: Vice president Zhan Wang has been named as head of Sales, which will unify Baidu''s direct sales, channel sales, key accounts sales and search engine marketing functions. Mr. Wang joined Baidu in July 2000 and has served as the Company''s vice president since January 2010. He previously was in charge of Baidu''s commercial products and mobile Internet business.
Commercial Operations Functions: Vice president Hailong Xiang has been appointed to oversee the Commercial Operations functions, which will incorporate commercial product applications, service management, sales operations, Baidu Union, and commercial product development functions. Mr. Xiang joined Baidu in February 2005 and has served as vice president of sales since April 2007. He previously oversaw direct sales for Baidu''s search marketing business nationally.
User Products and Technologies Functions: Vice president Mengqiu Wang has been assigned to head the User Products and Technologies functions, bringing together the client-side software and user R&D functions. Ms. Wang joined Baidu in November 2002, and was promoted to vice president in January 2011. She currently oversees search technology R&D and other related activities, and will retain these responsibilities in her new role.
Commercial Products and Technologies Functions: Vice president Jing Wang has been named as head of the Commercial Products and Technologies (including Cloud Computing and Mobile) functions, which will incorporate Baidu''s commercial products and technologies, mobile and IT infrastructure functions. Mr. Wang joined the Baidu team in April 2010 as vice president of engineering. He previously oversaw the research and development of Baidu''s commercial products as well as the company''s IT infrastructure.
Baidu also today announced that senior vice president Haoyu Shen is resigning from the Company for personal reasons and will leave at the end of this month.
"We are grateful for Haoyu''s contribution to the company''s development over the last few years and we wish him every success in the future," Mr. Li added.
Separately, Victor Liang, senior director of Baidu''s legal department, has been promoted to vice president. In his new role, Mr. Liang will oversee the legal department, online systems management, policy research, intellectual property and patent-related matters. He will report to Jennifer Li, Baidu''s chief financial officer.
Antwort auf Beitrag Nr.: 41.761.018 von Karlll am 08.07.11 11:45:21Hallo,
habt ihr auch ein Aktientauschangebot von der Bank für eure BAIDU Aktien bekommen?
Das Schreiben verlinkt auf diese Page: http://bai.ienergy.ag/index.html
Wenn ich richtig rechne wären das bei dem Tauschverhältnis von 1:17 ca 130 Euro pro Aktie. Erstmals frage ich mich natürlich ob das seriös ist und zweitens weiso jemand das macht?
Beste Grüße
Jürgen
habt ihr auch ein Aktientauschangebot von der Bank für eure BAIDU Aktien bekommen?
Das Schreiben verlinkt auf diese Page: http://bai.ienergy.ag/index.html
Wenn ich richtig rechne wären das bei dem Tauschverhältnis von 1:17 ca 130 Euro pro Aktie. Erstmals frage ich mich natürlich ob das seriös ist und zweitens weiso jemand das macht?
Beste Grüße
Jürgen
Antwort auf Beitrag Nr.: 41.763.647 von Juergen_2000 am 08.07.11 18:00:19@ Jürgen,
habe letzte Woche auch Info der "Nigeria Connection" erhalten, daß ein bei dem Tsunami 2002
mir unbekannter Namensvetter 20 Mio. hinterlassen hat, und ich ihn beerben darf.
Ist bereits in Ablage "P".
und hätte ich von ienergy ein solches Schreiben bekommen, würde es auch dort landen, aber
ich habe es nicht bekommen.
und darüber, ob so etwas seriös ist oder warum es gemacht wird, mag ich kein Gehirnschmalz
verwenden.
Meine Anteile bleiben, wo sie sind.
Gruß
Karlll
habe letzte Woche auch Info der "Nigeria Connection" erhalten, daß ein bei dem Tsunami 2002
mir unbekannter Namensvetter 20 Mio. hinterlassen hat, und ich ihn beerben darf.
Ist bereits in Ablage "P".
und hätte ich von ienergy ein solches Schreiben bekommen, würde es auch dort landen, aber
ich habe es nicht bekommen.
und darüber, ob so etwas seriös ist oder warum es gemacht wird, mag ich kein Gehirnschmalz
verwenden.
Meine Anteile bleiben, wo sie sind.
Gruß
Karlll
Antwort auf Beitrag Nr.: 41.763.801 von Karlll am 08.07.11 18:33:15Hi,
geht mir genau so; allerdings stammen die Angebote für mich meist aus Ouagadougou. Daraus habe ich gelernt, dass dies die Hauptstadt von Burkina Faso ist (spam-mails tragen also zu meiner Bildung bei).
edgar99
geht mir genau so; allerdings stammen die Angebote für mich meist aus Ouagadougou. Daraus habe ich gelernt, dass dies die Hauptstadt von Burkina Faso ist (spam-mails tragen also zu meiner Bildung bei).
edgar99
Antwort auf Beitrag Nr.: 41.765.969 von edgar99 am 09.07.11 18:57:05Danke euch beiden,
die Nigeriaschreiben, etc. habe ich ja auch ab und an in den Mails, aber dieses kam direkt von meiner Depotbank per Post. Wusste nicht, dass die comdirect auch solchen Spam an ihre Aktionäre weiterleitet... das verwundert mich doch etwas.
Beste Grüße
Jürgen
die Nigeriaschreiben, etc. habe ich ja auch ab und an in den Mails, aber dieses kam direkt von meiner Depotbank per Post. Wusste nicht, dass die comdirect auch solchen Spam an ihre Aktionäre weiterleitet... das verwundert mich doch etwas.
Beste Grüße
Jürgen
Inside the Baidu Machine
Jul. 14 2011 - 9:13
By ERIC JACKSON
Baidu (BIDU) is in the midst of an unprecedented growth spurt. After the May – June swoon based on fears about Greece and the spate of problematic Chinese companies, Baidu saw its stock price dip below $120. It’s basically now back to near all-time highs in about 2 weeks. Not too bad.
While Google (GOOG) noisily exited China last year, Baidu just kept its head down and collected money and market share.
There are rumors of a partnership with Facebook to bring the world’s biggest social networking service to the other side of the Great Chinese Firewall. Additionally, it has been rumored that Baidu will develop its own mobile operating system, although – as it is – Baidu is nearly always the default search engine for handset manufacturers in China.
Last month, I sat down with Victor Tseng, the Global head of Investor Relations, as well as Kaiser Kuo who heads up International Communications for the company. I also got a brief tour of the Baidu mega-campus in Beijing’s suburb known for its cluster of tech companies.
The company has the open concept you would see in Silicon Valley, as well as rooms that look like little igloos in the middle of various floors where employees can go and catch a cat-nap if they’re working too hard.
An edited version of our conversation is contained below:
Eric: As Google is struggling to find its growth, what are the new focuses for Baidu?
BIDU: Box computing and e-books are our new focuses, and we also focus on voice recognition. The number of apps from box computing we have has increased dramatically recently. While we are not in the same league as the Apple (AAPL) store, we are one of the biggest in terms of apps. We are seeing a lot of queries from mobile devices at the moment. Personally, we would prefer to see Google’s Android mobile operating system to become bigger because it is basically our default mobile operating system.
Eric: What is your strategy on your mobile business?
BIDU: Baidu is devoting much more energy into mobile strategy. Social networking has been huge and we’ve been playing in that space really since 2003, with the launch of Baidu PostBar. More recently, Baidu has developed an app that lets you post to different microblog platforms directly from your search box. It’s a Box Computing approach to social networking. Social related traffic is about a quarter of Baidu’s total traffic volume today.
Eric: So you think mobile business will be the future for Baidu?
BIDU: We will put more focus on it, but the major revolution in this sector will be application-driven. So we will focus on box computing, Baidu tieba, Baidu zhidao (xinzhi) and so on.
Eric: There have been rumors of cooperation with Facebook, so is that true?
BIDU: No that is just a rumor.
Eric: So how does Baidu attract more talented engineers to work for them?
BIDU: We provide a platform for developers to exercise their ingenuity, it is a win-win situation and third party programmers seem to enjoy this kind of cooperation. From last year, we have been focusing on developing more apps to increase user experience.
Eric: How do you think Google failed in China? What effect has this had on Baidu?
BIDU: it all depends on whether Google is committed to do business in China or not. They should have done a lot more studies on regulation first, and they need to have local knowledge. We are not much concerned about Google and their possible re-entry into China; we are more concerned with user stickiness and seeing more people go online. The key to our success is to develop the market and to attract advertisers to post. We need to give a good user experience and make them willing to come back.
Eric: How does Baidu find and capture new market opportunities?
BIDU: There are a lot of opportunities in sight. There are many companies buying keywords from Baidu. Baidu’s online retail category is doing well. Box computing is Baidu’s next growth catalyst from a user perspective. We want and are also looking for premium and quality partners in search to sync up more closely with our box computing initiative.
Eric: What does Baidu think about M&A?
BIDU: Baidu will consider some strategic and certain vertical M&A opportunities. We are more inclined to make small acquisition but would not rule out bigger deals.
Eric: What is Baidu’s focus geographically?
BIDU: We still focus on China. We are learning how to adapt to foreign countries; right now, we prefer to cooperate with developing countries rather than go directly into those countries.
Eric: Describe the idea generation process in Baidu, and how the company manages the IT team and execution decisions?
BIDU: Ideas are generated at the lower level, then pushed up to mid and high levels. Employees are given flexibility to develop ideas, and the committee is responsible for determining which ideas are viable to develop further.
Eric: Talk about corporate governance in China now.
BIDU: People are concerned with corporate governance. Frauds are sporadic and company-specific. Our management team is very strong and has a good track record. We need to focus on people’s search experience and anticipate user/customer-needs.
Eric: Talk about the piracy problems in China you’ve been dealing with?
BIDU: Piracy is a big problem in China, and it is still difficult to solve. When publishers send complaints to Baidu, we will take off those articles and novels. We removed 2.8 million articles in one week. If we can’t control the piracy problem, then we will shut down the bookstore.
MP3 is not highly prone to piracy. Baidu will release a new version for MP3s, the “Ting” platform. So watch for that.
For literature, Baidu won most of the cases against Shanda (SNDA), for now. Baidu doesn’t want to monetize Wenku (Baidu’s online bookstore) right now.
Eric: Box computing, how sticky is that?
BIDU: Developers like it, and users like it. Currently Baidu is not concerned about monetization in this field, other than a few ad revenues, subscriptions, and other different kinds of revenue generation. Baidu is more concerned about drawing people to Baidu. Baidu is trying to develop more apps to develop user stickiness.
We did a commercial this year. The commercials are not intended to capture more markets, but to inform and educate users that search engines can be used to improve their online experiences.
Eric: Thanks.
[At the time of publication, Jackson had a long position in BIDU and AAPL.]
Jul. 14 2011 - 9:13
By ERIC JACKSON
Baidu (BIDU) is in the midst of an unprecedented growth spurt. After the May – June swoon based on fears about Greece and the spate of problematic Chinese companies, Baidu saw its stock price dip below $120. It’s basically now back to near all-time highs in about 2 weeks. Not too bad.
While Google (GOOG) noisily exited China last year, Baidu just kept its head down and collected money and market share.
There are rumors of a partnership with Facebook to bring the world’s biggest social networking service to the other side of the Great Chinese Firewall. Additionally, it has been rumored that Baidu will develop its own mobile operating system, although – as it is – Baidu is nearly always the default search engine for handset manufacturers in China.
Last month, I sat down with Victor Tseng, the Global head of Investor Relations, as well as Kaiser Kuo who heads up International Communications for the company. I also got a brief tour of the Baidu mega-campus in Beijing’s suburb known for its cluster of tech companies.
The company has the open concept you would see in Silicon Valley, as well as rooms that look like little igloos in the middle of various floors where employees can go and catch a cat-nap if they’re working too hard.
An edited version of our conversation is contained below:
Eric: As Google is struggling to find its growth, what are the new focuses for Baidu?
BIDU: Box computing and e-books are our new focuses, and we also focus on voice recognition. The number of apps from box computing we have has increased dramatically recently. While we are not in the same league as the Apple (AAPL) store, we are one of the biggest in terms of apps. We are seeing a lot of queries from mobile devices at the moment. Personally, we would prefer to see Google’s Android mobile operating system to become bigger because it is basically our default mobile operating system.
Eric: What is your strategy on your mobile business?
BIDU: Baidu is devoting much more energy into mobile strategy. Social networking has been huge and we’ve been playing in that space really since 2003, with the launch of Baidu PostBar. More recently, Baidu has developed an app that lets you post to different microblog platforms directly from your search box. It’s a Box Computing approach to social networking. Social related traffic is about a quarter of Baidu’s total traffic volume today.
Eric: So you think mobile business will be the future for Baidu?
BIDU: We will put more focus on it, but the major revolution in this sector will be application-driven. So we will focus on box computing, Baidu tieba, Baidu zhidao (xinzhi) and so on.
Eric: There have been rumors of cooperation with Facebook, so is that true?
BIDU: No that is just a rumor.
Eric: So how does Baidu attract more talented engineers to work for them?
BIDU: We provide a platform for developers to exercise their ingenuity, it is a win-win situation and third party programmers seem to enjoy this kind of cooperation. From last year, we have been focusing on developing more apps to increase user experience.
Eric: How do you think Google failed in China? What effect has this had on Baidu?
BIDU: it all depends on whether Google is committed to do business in China or not. They should have done a lot more studies on regulation first, and they need to have local knowledge. We are not much concerned about Google and their possible re-entry into China; we are more concerned with user stickiness and seeing more people go online. The key to our success is to develop the market and to attract advertisers to post. We need to give a good user experience and make them willing to come back.
Eric: How does Baidu find and capture new market opportunities?
BIDU: There are a lot of opportunities in sight. There are many companies buying keywords from Baidu. Baidu’s online retail category is doing well. Box computing is Baidu’s next growth catalyst from a user perspective. We want and are also looking for premium and quality partners in search to sync up more closely with our box computing initiative.
Eric: What does Baidu think about M&A?
BIDU: Baidu will consider some strategic and certain vertical M&A opportunities. We are more inclined to make small acquisition but would not rule out bigger deals.
Eric: What is Baidu’s focus geographically?
BIDU: We still focus on China. We are learning how to adapt to foreign countries; right now, we prefer to cooperate with developing countries rather than go directly into those countries.
Eric: Describe the idea generation process in Baidu, and how the company manages the IT team and execution decisions?
BIDU: Ideas are generated at the lower level, then pushed up to mid and high levels. Employees are given flexibility to develop ideas, and the committee is responsible for determining which ideas are viable to develop further.
Eric: Talk about corporate governance in China now.
BIDU: People are concerned with corporate governance. Frauds are sporadic and company-specific. Our management team is very strong and has a good track record. We need to focus on people’s search experience and anticipate user/customer-needs.
Eric: Talk about the piracy problems in China you’ve been dealing with?
BIDU: Piracy is a big problem in China, and it is still difficult to solve. When publishers send complaints to Baidu, we will take off those articles and novels. We removed 2.8 million articles in one week. If we can’t control the piracy problem, then we will shut down the bookstore.
MP3 is not highly prone to piracy. Baidu will release a new version for MP3s, the “Ting” platform. So watch for that.
For literature, Baidu won most of the cases against Shanda (SNDA), for now. Baidu doesn’t want to monetize Wenku (Baidu’s online bookstore) right now.
Eric: Box computing, how sticky is that?
BIDU: Developers like it, and users like it. Currently Baidu is not concerned about monetization in this field, other than a few ad revenues, subscriptions, and other different kinds of revenue generation. Baidu is more concerned about drawing people to Baidu. Baidu is trying to develop more apps to develop user stickiness.
We did a commercial this year. The commercials are not intended to capture more markets, but to inform and educate users that search engines can be used to improve their online experiences.
Eric: Thanks.
[At the time of publication, Jackson had a long position in BIDU and AAPL.]
Nun, Ergebnis ca. 11% über Konsens. Ich hänge mich mal etwas aus dem Fenster und behaupte, das es Baidu nicht schafft im 2. Quartal auch mind. 11% über Konsens zu liegen.
Nachbörslich gehts für Google mit + 12% aufwärts, und auch für Baidu fallen + 2,4% an.
July 14, 2011, 4:06 p.m. EDT
Google tops views as net rises 36%
SAN FRANCISCO (MarketWatch) - Google Inc. (NASDAQ:GOOG) on Thursday reported that second-quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share in the same period last year. The Internet search giant said net revenue for the period ended June 30 was $6.92 billion. Excluding one-time items, Google said that earnings for the quarter were $8.74 a share. Analysts polled by FactSet Research had expected Google to report second-quarter earnings excluding items of $7.84 a share, and $6.54 billion in net revenue.
*
Nachbörslich gehts für Google mit + 12% aufwärts, und auch für Baidu fallen + 2,4% an.
July 14, 2011, 4:06 p.m. EDT
Google tops views as net rises 36%
SAN FRANCISCO (MarketWatch) - Google Inc. (NASDAQ:GOOG) on Thursday reported that second-quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share in the same period last year. The Internet search giant said net revenue for the period ended June 30 was $6.92 billion. Excluding one-time items, Google said that earnings for the quarter were $8.74 a share. Analysts polled by FactSet Research had expected Google to report second-quarter earnings excluding items of $7.84 a share, and $6.54 billion in net revenue.
*
Antwort auf Beitrag Nr.: 41.791.732 von Karlll am 14.07.11 22:32:53
Baidu to Enter in Internet TV Sector
Posted 07:12 AM ET
BEIJING, Jul 15, 2011 (SinoCast Daily Business Beat via COMTEX) -- Baidu (BIDU) recently reached a cooperation agreement with Wasu Media & Network Co., Ltd on strategic cooperation in interactive TV and internet TV sectors.
Baidu claims that TV users will experience Baidu's search and film and TV services on the TV screen with TV remote controller upon such cooperation.
It is learned that Baidu will implant Baidu search services into digital TV set top box (STB) and internet TV platform run by Wasu.
However, Chinese internet TV sector will encounter huge challenges and the first one is strict policy supervision. Baidu is the second private enterprise coming into internet TV businesses following Voole. Com. Inc.
Analyst believes that Baidu film and TV services need more time to explore contents complying with platform requirements. Plus, with regard to whether Baidu search can be linked to video resources from other websites, there is much to be done in terms of policies and interest allocation as each video content supplier wants to benefit from the increasingly hot internet TV sector.
Source: www.techweb.com.cn (July 15, 2011)
Copyright 2008 SinoCast Daily Business Beat. All rights reserved
Posted 07:12 AM ET
BEIJING, Jul 15, 2011 (SinoCast Daily Business Beat via COMTEX) -- Baidu (BIDU) recently reached a cooperation agreement with Wasu Media & Network Co., Ltd on strategic cooperation in interactive TV and internet TV sectors.
Baidu claims that TV users will experience Baidu's search and film and TV services on the TV screen with TV remote controller upon such cooperation.
It is learned that Baidu will implant Baidu search services into digital TV set top box (STB) and internet TV platform run by Wasu.
However, Chinese internet TV sector will encounter huge challenges and the first one is strict policy supervision. Baidu is the second private enterprise coming into internet TV businesses following Voole. Com. Inc.
Analyst believes that Baidu film and TV services need more time to explore contents complying with platform requirements. Plus, with regard to whether Baidu search can be linked to video resources from other websites, there is much to be done in terms of policies and interest allocation as each video content supplier wants to benefit from the increasingly hot internet TV sector.
Source: www.techweb.com.cn (July 15, 2011)
Copyright 2008 SinoCast Daily Business Beat. All rights reserved
Dann schaun wir mal, was kommender Montag bringt.
July 19, 2011, 4:00 a.m. EDT
Baidu to Report Second Quarter 2011 Financial Results on July 25, 2011
BEIJING, July 19, 2011 /PRNewswire via COMTEX/ -- Baidu, Inc. /quotes/zigman/97715/quotes/nls/bidu BIDU +0.82% , the leading Chinese language Internet search provider, today announced that it will report its financial results for the second quarter ended June 30, 2011, after the U.S. market closes on July 25, 2011. Baidu's management will hold an earnings conference call at 8:00 PM on July 25, 2011 U.S. Eastern Time (8:00 AM on July 26)(8:2011 Beijing/Hong Kong time).
July 19, 2011, 4:00 a.m. EDT
Baidu to Report Second Quarter 2011 Financial Results on July 25, 2011
BEIJING, July 19, 2011 /PRNewswire via COMTEX/ -- Baidu, Inc. /quotes/zigman/97715/quotes/nls/bidu BIDU +0.82% , the leading Chinese language Internet search provider, today announced that it will report its financial results for the second quarter ended June 30, 2011, after the U.S. market closes on July 25, 2011. Baidu's management will hold an earnings conference call at 8:00 PM on July 25, 2011 U.S. Eastern Time (8:00 AM on July 26)(8:2011 Beijing/Hong Kong time).
SPIEGEL ONLINE
19. Juli 2011, 11:04 Uhr
Internet in China
Baidu will Browser- und Musikmarkt erobern
Vorbild Google: Der chinesische Suchmaschinen-Gigant Baidu hat die erste Betaversion seines eigenen Browsers veröffentlicht. Außerdem will das Unternehmen künftig kostenlos Musik zum Download anbieten.
Hamburg - Seit Montag steht die Betaversion des neuen Baidu-Browsers zum Download bereit. Der chinesische Suchmaschinen-Marktführer greift damit auch in Sachen Surfprogramme seinen Konkurrenten Google an. Optisch erinnert das Programm stark an Googles Browser Chrome, wie Blogger anmerken. Als "einfach und zuverlässig" preist Baidu den neuen Browser laut "PC World" an.
Am Dienstag legte Baidu dann gleich nach und verkündete eine neue Zusammenarbeit mit den größten Musiklabels der Welt. In einem Lizenzierungsvertrag mit One-Stop China, einem Joint Venture von Universal Music, Warner Music und Sony BMG, vereinbarten die Beteiligten, zum Start rund 500.000 Songs zur Verfügung zu stellen, die legal und kostenlos über Baidus Musik-Download-Plattform ting! heruntergeladen werden können - allerdings nur von chinesischen Rechnern aus.
Nach Informationen der "New York Times"wird Baidu den Musikverlagen für jeden Song-Download eine Gebühr entrichten und ab einem bestimmten Werbeerlös auch Anteile der Werbeannahmen abgeben. Genauere Details gaben die Beteiligten bislang aber nicht bekannt.
Offenbar haben sich die Baidu-Manager von Google inspirieren lassen: Das US-Unternehmen hatte im Mai einen eigenen Musik- und Videodienst vorgestellt. Der eigene Browser Chrome ist binnen kurzer Zeit zur ernsthaften Konkurrenz für Internet Explorer, Firefox und Safari aufgestiegen.
Der Vorstoß könnte den chinesischen Musikmarkt revolutionieren, der bisher vor allem für seine ausufernde Piraterie bekannt war. Schon öfter hatten in der Vergangenheit Plattenfirmen Baidu verklagt, weil das Unternehmen Piraterie über seine Suchmaschine befördert haben soll: Baidu ginge nicht genug gegen Deep-Links auf Piraterie-Seiten vor.
Solche Links wolle Baidu als Teil der Vereinbarung nun löschen, sagte Andrew Chan, ein Sprecher von One-Stop China, der Nachrichtenagentur AP: "Der Traffic wird auf legale Download-Links umgeleitet." Die Ifpi (International Federation of the Phonographic Industry), die Unternehmen der Musikindustrie vertritt, schätzt laut "New York Times" den Anteil illegaler Musikdownloads in China bislang auf 99 Prozent.
In China ist Baidu die Nummer eins im Suchmaschinenmarkt: Rund 75 Prozent der 500 Millionen Internetnutzer in China greifen laut dem Pekinger Marktforschungsinstitut Analysys International auf Baidu zurück, während Google mit seiner aus Hongkong betriebenen Suchmaschine mit knapp 19 Prozent abgeschlagen zurückliegt.
kad/AP
19. Juli 2011, 11:04 Uhr
Internet in China
Baidu will Browser- und Musikmarkt erobern
Vorbild Google: Der chinesische Suchmaschinen-Gigant Baidu hat die erste Betaversion seines eigenen Browsers veröffentlicht. Außerdem will das Unternehmen künftig kostenlos Musik zum Download anbieten.
Hamburg - Seit Montag steht die Betaversion des neuen Baidu-Browsers zum Download bereit. Der chinesische Suchmaschinen-Marktführer greift damit auch in Sachen Surfprogramme seinen Konkurrenten Google an. Optisch erinnert das Programm stark an Googles Browser Chrome, wie Blogger anmerken. Als "einfach und zuverlässig" preist Baidu den neuen Browser laut "PC World" an.
Am Dienstag legte Baidu dann gleich nach und verkündete eine neue Zusammenarbeit mit den größten Musiklabels der Welt. In einem Lizenzierungsvertrag mit One-Stop China, einem Joint Venture von Universal Music, Warner Music und Sony BMG, vereinbarten die Beteiligten, zum Start rund 500.000 Songs zur Verfügung zu stellen, die legal und kostenlos über Baidus Musik-Download-Plattform ting! heruntergeladen werden können - allerdings nur von chinesischen Rechnern aus.
Nach Informationen der "New York Times"wird Baidu den Musikverlagen für jeden Song-Download eine Gebühr entrichten und ab einem bestimmten Werbeerlös auch Anteile der Werbeannahmen abgeben. Genauere Details gaben die Beteiligten bislang aber nicht bekannt.
Offenbar haben sich die Baidu-Manager von Google inspirieren lassen: Das US-Unternehmen hatte im Mai einen eigenen Musik- und Videodienst vorgestellt. Der eigene Browser Chrome ist binnen kurzer Zeit zur ernsthaften Konkurrenz für Internet Explorer, Firefox und Safari aufgestiegen.
Der Vorstoß könnte den chinesischen Musikmarkt revolutionieren, der bisher vor allem für seine ausufernde Piraterie bekannt war. Schon öfter hatten in der Vergangenheit Plattenfirmen Baidu verklagt, weil das Unternehmen Piraterie über seine Suchmaschine befördert haben soll: Baidu ginge nicht genug gegen Deep-Links auf Piraterie-Seiten vor.
Solche Links wolle Baidu als Teil der Vereinbarung nun löschen, sagte Andrew Chan, ein Sprecher von One-Stop China, der Nachrichtenagentur AP: "Der Traffic wird auf legale Download-Links umgeleitet." Die Ifpi (International Federation of the Phonographic Industry), die Unternehmen der Musikindustrie vertritt, schätzt laut "New York Times" den Anteil illegaler Musikdownloads in China bislang auf 99 Prozent.
In China ist Baidu die Nummer eins im Suchmaschinenmarkt: Rund 75 Prozent der 500 Millionen Internetnutzer in China greifen laut dem Pekinger Marktforschungsinstitut Analysys International auf Baidu zurück, während Google mit seiner aus Hongkong betriebenen Suchmaschine mit knapp 19 Prozent abgeschlagen zurückliegt.
kad/AP
Ich glaube die zahlen kommen schon diese Woche am 21. Juli..
http://wallstcheatsheet.com/trading/top-earnings-releases-to…
http://wallstcheatsheet.com/trading/top-earnings-releases-to…
Antwort auf Beitrag Nr.: 41.809.423 von Trader20008 am 19.07.11 13:55:48@ Trader,
25.7. passt schon. Kannst Du hier nachschauen im Baidu IR Calendar
[uhttp://ir.baidu.com/phoenix.zhtml?c=188488&p=irol-calendarrl…[/url]
Gruß Karlll
25.7. passt schon. Kannst Du hier nachschauen im Baidu IR Calendar
[uhttp://ir.baidu.com/phoenix.zhtml?c=188488&p=irol-calendarrl…[/url]
Gruß Karlll
19.07.2011 16:54 (Marcel Maurice Urech)
Lizenzvereinbarung
Baidu schafft, was Google nicht schafft
Seit Monaten verhandelt Google erfolglos mit der Industrie über Streaming-Rechte für Musik. Baidu machts vor: Sony, Universal und Warner gewähren der Suchmaschine Zugriff auf ihre Kataloge.
"Google must be going WTF", schreibt ein Leser von Engadget treffend zur neusten Ankündigung aus dem Hause Baidu. Tatsächlich: Lange hat Google ohne Erfolg versucht, sich mit der Industrie über Streaming-Rechte für Musik zu einigen - Baidu hat nun genau dies geschafft.
Die Suchmaschine aus China hat eine Vertriebsvereinbarung mit One-Stop China (einem Joint-Venture der drei Musik-Labels Universal Music, Warner Music und Sony Music) erzielt. Diese ermöglicht es Baidu, auf seiner Suchplattform und dem sozialen Netzwerk Ting Musik der drei Labels legal zum Streaming oder Download anzubieten.
AdTech Ad
Das Abkommen ist das Ende eines jahrelangen Rechtsstreits zwischen Baidu und der US-Musikindustrie. Nun habe man alle Streitigkeiten beigelegt, so die chinesische Suchmaschine.
Lizenzvereinbarung
Baidu schafft, was Google nicht schafft
Seit Monaten verhandelt Google erfolglos mit der Industrie über Streaming-Rechte für Musik. Baidu machts vor: Sony, Universal und Warner gewähren der Suchmaschine Zugriff auf ihre Kataloge.
"Google must be going WTF", schreibt ein Leser von Engadget treffend zur neusten Ankündigung aus dem Hause Baidu. Tatsächlich: Lange hat Google ohne Erfolg versucht, sich mit der Industrie über Streaming-Rechte für Musik zu einigen - Baidu hat nun genau dies geschafft.
Die Suchmaschine aus China hat eine Vertriebsvereinbarung mit One-Stop China (einem Joint-Venture der drei Musik-Labels Universal Music, Warner Music und Sony Music) erzielt. Diese ermöglicht es Baidu, auf seiner Suchplattform und dem sozialen Netzwerk Ting Musik der drei Labels legal zum Streaming oder Download anzubieten.
AdTech Ad
Das Abkommen ist das Ende eines jahrelangen Rechtsstreits zwischen Baidu und der US-Musikindustrie. Nun habe man alle Streitigkeiten beigelegt, so die chinesische Suchmaschine.
BAIDU schaut auf neue Allzeithochs hinaus
25.07.2011 04:12 |
Copyright BörseGo AG 2000-2011
Börse: NYSE in USD / Kursstand: 155,63 $
Rückblick: Die Baidu Aktie ist einer der krassen Outperformer am US Markt, in einer starken Rally
erreichte der Wert ein Allzeithoch bei 156,04 $ Ende April. Anschließend startete eine Abwärtskorrektur,
welche den Wert bis an den EMA200 (rot) zurücksetzen ließ.
Seit Mitte Juni steigt die Aktie wieder, die Käufer zeigen sich weiterhin als die dominanten
Marktteilnehmer. Im heutigen Handel schaut die Aktie kurz über das Allzeithoch bei 156,04 $ hinaus.
Charttechnischer Ausblick: Die Baidu Aktie steht kurz vor einem neuen Kaufsignal. Geht es jetzt
nachhaltig über 158,00 $, könnte ein Rallyschub zu den Aufwärtstrendoberkanten bei ca. 190,00 und
210,00 - 215,00 $ folgen.
Tiefer als 137,00 sollte es aber möglichst nicht mehr gehen, ein Tagesschluss unterhalb davon würde eine
Abwärtskorrektur bis 123,00 - 125,00 oder darunter ggf. 110,00 - 114,00 $ ermöglichen.
25.07.2011 04:12 |
Copyright BörseGo AG 2000-2011
Börse: NYSE in USD / Kursstand: 155,63 $
Rückblick: Die Baidu Aktie ist einer der krassen Outperformer am US Markt, in einer starken Rally
erreichte der Wert ein Allzeithoch bei 156,04 $ Ende April. Anschließend startete eine Abwärtskorrektur,
welche den Wert bis an den EMA200 (rot) zurücksetzen ließ.
Seit Mitte Juni steigt die Aktie wieder, die Käufer zeigen sich weiterhin als die dominanten
Marktteilnehmer. Im heutigen Handel schaut die Aktie kurz über das Allzeithoch bei 156,04 $ hinaus.
Charttechnischer Ausblick: Die Baidu Aktie steht kurz vor einem neuen Kaufsignal. Geht es jetzt
nachhaltig über 158,00 $, könnte ein Rallyschub zu den Aufwärtstrendoberkanten bei ca. 190,00 und
210,00 - 215,00 $ folgen.
Tiefer als 137,00 sollte es aber möglichst nicht mehr gehen, ein Tagesschluss unterhalb davon würde eine
Abwärtskorrektur bis 123,00 - 125,00 oder darunter ggf. 110,00 - 114,00 $ ermöglichen.
Hi,
das sieht ja gut aus: nachbörslich dzt. 168,38 US$.
edgar99
das sieht ja gut aus: nachbörslich dzt. 168,38 US$.
edgar99
25.07.2011 22:31
Baidu Announces Second Quarter 2011 Results
BEIJING, July 25, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the second quarter ended June 30, 2011(1).
(Logo: http://photos.prnewswire.com/prnh/20081103/BAIDULOGO )
Second Quarter 2011 Highlights
* Total revenues in the second quarter of 2011 were RMB3.415 billion ($528.4 million), a 78.4% increase from the corresponding period in 2010.
* Operating profit in the second quarter of 2011 was RMB1.858 billion ($287.5 million), a 91.2% increase from the corresponding period in 2010.
* Net income in the second quarter of 2011 was RMB1.633 billion ($252.6 million), a 95.0% increase from the corresponding period in 2010. Diluted earnings per ADS(2) for the second quarter of 2011 were RMB4.67 ($0.72); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2011 were RMB4.77 ($0.74).
"Baidu had another excellent quarter, as we benefited from strong traffic growth and improved monetization," said Robin Li, chairman and chief executive officer of Baidu. "We were especially encouraged with the strong spending from large customers, highlighting the increased value they saw from their marketing spend on Baidu."
"We continued to see strong momentum and product integration from our Box Computing open data and application platforms during the quarter," Mr. Li continued. "Our position at the center of China''s Internet ecosystem enables Baidu to benefit from key trends such as the growth of e-commerce. Looking ahead, I am confident that Baidu''s emphasis on innovation and execution will help us continue to attract and retain users and customers."
Jennifer Li, Baidu''s chief financial officer, commented, "Our top and bottom line results grew strongly again this quarter, with healthy increases in overall traffic and paid click growth. We will continue to accelerate our investments in strategic areas, R&D, network infrastructure and bringing new talents on board to drive long term growth."
(1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.4635 to US$1.00, the effective noon buying rate as of June 30, 2011 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York.
(2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
Second Quarter 2011 Results
Baidu reported total revenues of RMB3.415 billion ($528.4 million) for the second quarter of 2011, representing a 78.4% increase from the corresponding period in 2010.
Online marketing revenues for the second quarter of 2011 were RMB3.414 billion ($528.3 million), representing a 78.4% increase from the corresponding period in 2010. Baidu had approximately 298,000 active online marketing customers in the second quarter of 2011, representing a 17.3% increase from the corresponding period in 2010 and an 8.8% increase from the previous quarter. Revenue per online marketing customer for the second quarter was approximately RMB11,500 ($1,779), a 53.3% increase from the corresponding period in 2010 and a 29.2% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB269.1 million ($41.6 million), representing 7.9% of total revenues, as compared to 9.7% in the corresponding period in 2010 and 8.2% in the first quarter of 2011.
Bandwidth costs as a component of cost of revenues were RMB146.7 million ($22.7 million), representing 4.3% of total revenues, compared to 3.5% in the corresponding period in 2010. Depreciation costs as a component of cost of revenues were RMB143.2 million ($22.2 million), representing 4.2% of total revenues, compared to 4.4% in the corresponding period in 2010.
Selling, general and administrative expenses were RMB377.5 million ($58.4 million), representing an increase of 42.5% from the corresponding period in 2010, primarily due to increased personnel costs and marketing expenses.
Research and development expenses were RMB298.7 million ($46.2 million), an 87.5% increase from the corresponding period in 2010. The increase was primarily due to increased R&D headcount.
Share-based compensation expenses, which were allocated to related operating costs and expense line items, were RMB34.7 million ($5.4 million) in the second quarter of 2011, compared to RMB21.6 million in the corresponding period in 2010 and RMB31.3 million in the previous quarter.
Operating profit was RMB1.858 billion ($287.5 million), representing a 91.2% increase from the corresponding period in 2010. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB1.893 billion ($292.9 million), a 90.6% increase from the corresponding period in 2010.
Income tax expense was RMB285.5 million ($44.2 million), compared to an income tax expense of RMB140.5 million in the corresponding period in 2010. The effective tax rate for the second quarter of 2011 was 14.9%, compared to 14.4% for the corresponding period in 2010 and 14.5% in the previous quarter.
Net income was RMB1.633 billion ($252.6 million), representing a 95.0% increase from the corresponding period in 2010. Basic and diluted earnings per ADS for the second quarter of 2011 amounted to RMB4.68 ($0.72) and RMB4.67 ($0.72), respectively.
Net income excluding share-based compensation expenses (non-GAAP) was RMB1.667 billion ($258.0 million), a 94.1% increase from the corresponding period in 2010. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2011 amounted to RMB4.78 ($0.74) and RMB4.77 ($0.74), respectively.
As of June 30, 2011, Baidu had cash, cash equivalents and short-term investments of RMB10.274 billion ($1.590 billion). Net operating cash inflow and capital expenditures for the second quarter of 2011 were RMB2.08 billion ($322.2 million) and RMB383.7 million ($59.4 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB2.077 billion ($321.4 million) for the second quarter of 2011, representing an 88.1% increase from the corresponding period in 2010.
Outlook for Third Quarter 2011
Baidu currently expects to generate total revenues in an amount ranging from RMB3.950 billion ($611.1 million) to RMB4.050 billion ($626.6 million) for the third quarter of 2011, representing a 75.1% to 79.5% year-over-year increase. This forecast reflects Baidu''s current and preliminary view, which is subject to change.
Conference Call Information
Baidu''s management will hold an earnings conference call at 8:00 PM on July 25, 2011, U.S. Eastern Daylight Time (8:00 AM on July 26, 2011, Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
Baidu Announces Second Quarter 2011 Results
BEIJING, July 25, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the second quarter ended June 30, 2011(1).
(Logo: http://photos.prnewswire.com/prnh/20081103/BAIDULOGO )
Second Quarter 2011 Highlights
* Total revenues in the second quarter of 2011 were RMB3.415 billion ($528.4 million), a 78.4% increase from the corresponding period in 2010.
* Operating profit in the second quarter of 2011 was RMB1.858 billion ($287.5 million), a 91.2% increase from the corresponding period in 2010.
* Net income in the second quarter of 2011 was RMB1.633 billion ($252.6 million), a 95.0% increase from the corresponding period in 2010. Diluted earnings per ADS(2) for the second quarter of 2011 were RMB4.67 ($0.72); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2011 were RMB4.77 ($0.74).
"Baidu had another excellent quarter, as we benefited from strong traffic growth and improved monetization," said Robin Li, chairman and chief executive officer of Baidu. "We were especially encouraged with the strong spending from large customers, highlighting the increased value they saw from their marketing spend on Baidu."
"We continued to see strong momentum and product integration from our Box Computing open data and application platforms during the quarter," Mr. Li continued. "Our position at the center of China''s Internet ecosystem enables Baidu to benefit from key trends such as the growth of e-commerce. Looking ahead, I am confident that Baidu''s emphasis on innovation and execution will help us continue to attract and retain users and customers."
Jennifer Li, Baidu''s chief financial officer, commented, "Our top and bottom line results grew strongly again this quarter, with healthy increases in overall traffic and paid click growth. We will continue to accelerate our investments in strategic areas, R&D, network infrastructure and bringing new talents on board to drive long term growth."
(1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.4635 to US$1.00, the effective noon buying rate as of June 30, 2011 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York.
(2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
Second Quarter 2011 Results
Baidu reported total revenues of RMB3.415 billion ($528.4 million) for the second quarter of 2011, representing a 78.4% increase from the corresponding period in 2010.
Online marketing revenues for the second quarter of 2011 were RMB3.414 billion ($528.3 million), representing a 78.4% increase from the corresponding period in 2010. Baidu had approximately 298,000 active online marketing customers in the second quarter of 2011, representing a 17.3% increase from the corresponding period in 2010 and an 8.8% increase from the previous quarter. Revenue per online marketing customer for the second quarter was approximately RMB11,500 ($1,779), a 53.3% increase from the corresponding period in 2010 and a 29.2% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB269.1 million ($41.6 million), representing 7.9% of total revenues, as compared to 9.7% in the corresponding period in 2010 and 8.2% in the first quarter of 2011.
Bandwidth costs as a component of cost of revenues were RMB146.7 million ($22.7 million), representing 4.3% of total revenues, compared to 3.5% in the corresponding period in 2010. Depreciation costs as a component of cost of revenues were RMB143.2 million ($22.2 million), representing 4.2% of total revenues, compared to 4.4% in the corresponding period in 2010.
Selling, general and administrative expenses were RMB377.5 million ($58.4 million), representing an increase of 42.5% from the corresponding period in 2010, primarily due to increased personnel costs and marketing expenses.
Research and development expenses were RMB298.7 million ($46.2 million), an 87.5% increase from the corresponding period in 2010. The increase was primarily due to increased R&D headcount.
Share-based compensation expenses, which were allocated to related operating costs and expense line items, were RMB34.7 million ($5.4 million) in the second quarter of 2011, compared to RMB21.6 million in the corresponding period in 2010 and RMB31.3 million in the previous quarter.
Operating profit was RMB1.858 billion ($287.5 million), representing a 91.2% increase from the corresponding period in 2010. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB1.893 billion ($292.9 million), a 90.6% increase from the corresponding period in 2010.
Income tax expense was RMB285.5 million ($44.2 million), compared to an income tax expense of RMB140.5 million in the corresponding period in 2010. The effective tax rate for the second quarter of 2011 was 14.9%, compared to 14.4% for the corresponding period in 2010 and 14.5% in the previous quarter.
Net income was RMB1.633 billion ($252.6 million), representing a 95.0% increase from the corresponding period in 2010. Basic and diluted earnings per ADS for the second quarter of 2011 amounted to RMB4.68 ($0.72) and RMB4.67 ($0.72), respectively.
Net income excluding share-based compensation expenses (non-GAAP) was RMB1.667 billion ($258.0 million), a 94.1% increase from the corresponding period in 2010. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2011 amounted to RMB4.78 ($0.74) and RMB4.77 ($0.74), respectively.
As of June 30, 2011, Baidu had cash, cash equivalents and short-term investments of RMB10.274 billion ($1.590 billion). Net operating cash inflow and capital expenditures for the second quarter of 2011 were RMB2.08 billion ($322.2 million) and RMB383.7 million ($59.4 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB2.077 billion ($321.4 million) for the second quarter of 2011, representing an 88.1% increase from the corresponding period in 2010.
Outlook for Third Quarter 2011
Baidu currently expects to generate total revenues in an amount ranging from RMB3.950 billion ($611.1 million) to RMB4.050 billion ($626.6 million) for the third quarter of 2011, representing a 75.1% to 79.5% year-over-year increase. This forecast reflects Baidu''s current and preliminary view, which is subject to change.
Conference Call Information
Baidu''s management will hold an earnings conference call at 8:00 PM on July 25, 2011, U.S. Eastern Daylight Time (8:00 AM on July 26, 2011, Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
Antwort auf Beitrag Nr.: 41.843.127 von edgar99 am 25.07.11 23:43:00Und ich dachte, daß sie dieses Mal patzen wird. Wieder 12% über den ohnehin schon hohen Konsenszahlen.
Außerdem für das 3. Quartal ebenfalls höhere Erwartungen. Das ist sagenhaft.
Angenehme Nachtruhe.
Karlll
Außerdem für das 3. Quartal ebenfalls höhere Erwartungen. Das ist sagenhaft.
Angenehme Nachtruhe.
Karlll
Baidu Q3 forecast beats estimates
07:14 PM Jul 26, 2011
BEIJING - Baidu, China's largest Internet company by market value, forecast third-quarter revenue that surpassed analysts' estimates as customers spend more on search-engine advertising in the world's second-largest economy.
Revenue will rise to between 3.95 billion yuan (S$737 million) and 4.05 billion yuan in the three months to Sept 30, Baidu said in a statement on Tuesday. The Beijing-based company's guidance beat all 11 analyst estimates compiled by Bloomberg.
Baidu's earnings have been rising for more than a year as the company has added advertisers and benefited from a new keyword advertising system. It has also continued to eclipse Google's share of the local search market since the US company moved its China search engine to Hong Kong last year over concerns of censorship and hacking in China.
Baidu chief executive Robin Li said in a teleconference that Baidu is working on a new social-networking product as well as a number of mobile phone-related services and systems, but did not elaborate. Previous statements from Baidu have suggested it may be developing an operating system for mobile phones.
Baidu's net profit for the three months ended June was 1.63 billion yuan, or 4.67 yuan per American depositary share, up from 837.4 million yuan a year earlier. Revenue rose 78 per cent to 3.42 billion yuan.
The company, which derives nearly all of its revenue from search advertising, said its number of active online-marketing customers rose 17 per cent to 298,000, as revenue per customer climbed 53 per cent to 11,500 yuan. Strong spending by large customers helped drive its growth, it said.
Baidu had a 75.9 per cent share of revenue in China's online-search market in the second quarter, up slightly from 75.8 per cent in the first quarter, while Google's share fell to 18.9 per cent from 19.2 per cent, Beijing research firm Analysys International said. - AGENCIES
07:14 PM Jul 26, 2011
BEIJING - Baidu, China's largest Internet company by market value, forecast third-quarter revenue that surpassed analysts' estimates as customers spend more on search-engine advertising in the world's second-largest economy.
Revenue will rise to between 3.95 billion yuan (S$737 million) and 4.05 billion yuan in the three months to Sept 30, Baidu said in a statement on Tuesday. The Beijing-based company's guidance beat all 11 analyst estimates compiled by Bloomberg.
Baidu's earnings have been rising for more than a year as the company has added advertisers and benefited from a new keyword advertising system. It has also continued to eclipse Google's share of the local search market since the US company moved its China search engine to Hong Kong last year over concerns of censorship and hacking in China.
Baidu chief executive Robin Li said in a teleconference that Baidu is working on a new social-networking product as well as a number of mobile phone-related services and systems, but did not elaborate. Previous statements from Baidu have suggested it may be developing an operating system for mobile phones.
Baidu's net profit for the three months ended June was 1.63 billion yuan, or 4.67 yuan per American depositary share, up from 837.4 million yuan a year earlier. Revenue rose 78 per cent to 3.42 billion yuan.
The company, which derives nearly all of its revenue from search advertising, said its number of active online-marketing customers rose 17 per cent to 298,000, as revenue per customer climbed 53 per cent to 11,500 yuan. Strong spending by large customers helped drive its growth, it said.
Baidu had a 75.9 per cent share of revenue in China's online-search market in the second quarter, up slightly from 75.8 per cent in the first quarter, while Google's share fell to 18.9 per cent from 19.2 per cent, Beijing research firm Analysys International said. - AGENCIES
27.07.2011 12:05
BörseGo · Mehr Nachrichten von BörseGo · Archiv
HSBC erhöht Kursziel für Baidu.com von $181 auf $195.
HSBC erhöht Kursziel für Baidu.com von $181 auf $195.
(© BörseGo AG 2011 - Autor: Thomas Gansneder, Redakteur)
© 2011 BörseGo
BörseGo · Mehr Nachrichten von BörseGo · Archiv
HSBC erhöht Kursziel für Baidu.com von $181 auf $195.
HSBC erhöht Kursziel für Baidu.com von $181 auf $195.
(© BörseGo AG 2011 - Autor: Thomas Gansneder, Redakteur)
© 2011 BörseGo
Nun, denn auf zu Baidu+
Where Baidu Is Heading After 2Q11
by: Xiaofan Zhang July 28, 2011 | about: BIDU, includes: GOOG, RENN, SINA, TCEHY.PK
After celebrating Baidu's (BIDU) stellar home run for 2Q11 earnings, many investors are wondering "What's next" for China's Internet search bellwether. In this article, I analyze Baidu's 2Q earnings call and identify several major trends in Baidu's business.
In the Q2 call, CEO Robin Li introduced Baidu's "Landing Page Strategy," a brand-new term to investors. With this strategy, Baidu replaces advertisements with high-quality content for the first result on certain keywords' search results pages and at the same time maintains its ability to make money from the first result through investments in partnerships with the providers of the first result. Mr. Li explained the strategy perfectly during the call: "We have bolstered our landing page strategy with strategic partners and investments in premium vertical players ... For example, shortly we will launch enhanced hotel-related content with Qunar (a website Baidu recently invested in). When you search for hotels, we will serve Qunar information at the top of our results page if it is relevant ... Each vertical partner in our landing page strategy shares the characteristic of having developed a premium database of content ... We do see value in the vertical search areas. That's why we make partnerships and investments in a number of companies in this sector." In my view, the introduction of "Landing Page Strategy" indicates Baidu is making a big push into the downstream of the search engine value chain. The goal is to obtain more economic value from users' search activities by following users' click streams beyond the search results pages.
In addition to the Landing Page Strategy, large advertisers and e-commerce are the other two new focal points during the Q2 earnings call. Compared with the Q1 call, Baidu management spent considerably more time talking about these two topics. Specifically, CEO Robin Li highlighted large advertisers and e-commerce as two major drivers for Baidu's strong Q2 results. In his second sentence in the Q2 press release, Mr. Li said: "We were especially encouraged with the strong spending from large customers, highlighting the increased value they saw from their marketing spend on Baidu." In his prepared remarks during the call, Mr. Li said: "We also benefited from strong momentum in e-commerce. First, the online retail sector continued to see triple-digit growth. Second, spending by group-buying sites increased rapidly in the past quarter. This was the main driver for our outperforming guidance this past quarter." To summarize Baidu's three latest positive trends, the Landing Page Strategy is gaining momentum as evidenced by Qunar.com and Qiyi.com, large advertisers are accelerating their shift to search ads spending, and e-commerce activities are bringing explosive traffic growth to Baidu. It should be noted that in addition to these three new trends, the Phoenix Nest system achieved solid growth during Q2 and remained the anchor of Baidu's financial results.
In contrast to the above three positive trends, social media, a key part of the Internet's future, has been trending down at Baidu. Compared with the Q1 call, Baidu's management remained optimistic on the company's social media efforts. However, analysts participating in the Q2 call seemed far less interested in Baidu's social media business than they were in the Q1 call, as evidenced by their time spent on the topic during the call. This indicates that compared with one quarter ago, investors have become less optimistic about Baidu's future in the social media market. This should not come as a surprise. After all, Q2 was a quarter filled with milestones achieved by the other Chinese social media companies: Renren.com (RENN) raised $743.4 million in a high-profile IPO; Tencent (TCEHY.PK) Microblog reached 200 million registered accounts in June, doubling in just four months; Sina (SINA) Weibo adopted the independent domain name Weibo.com and launched a large-scale marketing campaign to maintain its leadership in China's microblogging market. These landmarks dwarfed Baidu's slow progress in Q2. In my view, Baidu should go beyond just adding social elements to existing products such as Baidu Post Bar, Baidu Knows, and Baidu Encyclopedia. These minor adjustments will not be enough to reflect the core concept of social media or social networking services. A new product similar to Google's (GOOG) Google+ is what Baidu really needs now. Having said that, I believe investors currently do not have high expectations on Baidu's social media efforts, so Baidu actually has a golden opportunity to surprise the market in this area.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Where Baidu Is Heading After 2Q11
by: Xiaofan Zhang July 28, 2011 | about: BIDU, includes: GOOG, RENN, SINA, TCEHY.PK
After celebrating Baidu's (BIDU) stellar home run for 2Q11 earnings, many investors are wondering "What's next" for China's Internet search bellwether. In this article, I analyze Baidu's 2Q earnings call and identify several major trends in Baidu's business.
In the Q2 call, CEO Robin Li introduced Baidu's "Landing Page Strategy," a brand-new term to investors. With this strategy, Baidu replaces advertisements with high-quality content for the first result on certain keywords' search results pages and at the same time maintains its ability to make money from the first result through investments in partnerships with the providers of the first result. Mr. Li explained the strategy perfectly during the call: "We have bolstered our landing page strategy with strategic partners and investments in premium vertical players ... For example, shortly we will launch enhanced hotel-related content with Qunar (a website Baidu recently invested in). When you search for hotels, we will serve Qunar information at the top of our results page if it is relevant ... Each vertical partner in our landing page strategy shares the characteristic of having developed a premium database of content ... We do see value in the vertical search areas. That's why we make partnerships and investments in a number of companies in this sector." In my view, the introduction of "Landing Page Strategy" indicates Baidu is making a big push into the downstream of the search engine value chain. The goal is to obtain more economic value from users' search activities by following users' click streams beyond the search results pages.
In addition to the Landing Page Strategy, large advertisers and e-commerce are the other two new focal points during the Q2 earnings call. Compared with the Q1 call, Baidu management spent considerably more time talking about these two topics. Specifically, CEO Robin Li highlighted large advertisers and e-commerce as two major drivers for Baidu's strong Q2 results. In his second sentence in the Q2 press release, Mr. Li said: "We were especially encouraged with the strong spending from large customers, highlighting the increased value they saw from their marketing spend on Baidu." In his prepared remarks during the call, Mr. Li said: "We also benefited from strong momentum in e-commerce. First, the online retail sector continued to see triple-digit growth. Second, spending by group-buying sites increased rapidly in the past quarter. This was the main driver for our outperforming guidance this past quarter." To summarize Baidu's three latest positive trends, the Landing Page Strategy is gaining momentum as evidenced by Qunar.com and Qiyi.com, large advertisers are accelerating their shift to search ads spending, and e-commerce activities are bringing explosive traffic growth to Baidu. It should be noted that in addition to these three new trends, the Phoenix Nest system achieved solid growth during Q2 and remained the anchor of Baidu's financial results.
In contrast to the above three positive trends, social media, a key part of the Internet's future, has been trending down at Baidu. Compared with the Q1 call, Baidu's management remained optimistic on the company's social media efforts. However, analysts participating in the Q2 call seemed far less interested in Baidu's social media business than they were in the Q1 call, as evidenced by their time spent on the topic during the call. This indicates that compared with one quarter ago, investors have become less optimistic about Baidu's future in the social media market. This should not come as a surprise. After all, Q2 was a quarter filled with milestones achieved by the other Chinese social media companies: Renren.com (RENN) raised $743.4 million in a high-profile IPO; Tencent (TCEHY.PK) Microblog reached 200 million registered accounts in June, doubling in just four months; Sina (SINA) Weibo adopted the independent domain name Weibo.com and launched a large-scale marketing campaign to maintain its leadership in China's microblogging market. These landmarks dwarfed Baidu's slow progress in Q2. In my view, Baidu should go beyond just adding social elements to existing products such as Baidu Post Bar, Baidu Knows, and Baidu Encyclopedia. These minor adjustments will not be enough to reflect the core concept of social media or social networking services. A new product similar to Google's (GOOG) Google+ is what Baidu really needs now. Having said that, I believe investors currently do not have high expectations on Baidu's social media efforts, so Baidu actually has a golden opportunity to surprise the market in this area.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
How Baidu Keeps Its Edge
http://www.fool.com/investing/general/2011/07/30/how-baidu-k…
Eric Bleeker
July 30, 2011
Few fields move as rapidly as technology. Businesses creating outsized profits and returns for shareholders quickly get a bull's-eye painted on their back as they become targets of other companies looking to disrupt their products by selling cheaper alternatives that still prove "good enough." Not only that, but even if a company continues to dominate its particular field, other changes in technology can shift spending away from their products. Think about how Microsoft still dominates PCs but feels pressure from the sales shift toward mobile devices such as smartphones and tablets.
With that in mind, today we're looking at how Baidu (Nasdaq: BIDU ) innovates.
Technology companies can innovate either through acquisitions or by spending more money on research and development. We'll compare Baidu's spending in these areas with that of its closest peers and assess whether the company is investing enough in its future.
Research and development
Over the past five years, Baidu has spent an average of 13% of revenues on R&D. The following table summarizes how Baidu's R&D R&D expenditures relative to revenues compare with some of the company's closest peers in the Internet search industry.
LTM
Baidu 9.5% 8.1% 9.0% 9.5% 9.1% 9.2%
Sohu (Nasdaq: SOHU ) 13.1% 13.5% 11.6% 11.1% 11.9% 12.2%
Google (Nasdaq: GOOG ) 11.6% 12.8% 12.8% 12.0% 12.8% 13.5%
Yandex (Nasdaq: YNDX ) N/A N/A 13.2% 18.5% 16.6% 16.5%
Source: Capital IQ, a division of Standard & Poor's. LTM = last 12 months. Dates above are calendar years; yearly total is for company fiscal years closing in that period.
There's no way around it: Google has Baidu flat-out beat when it comes to R&D. Last year, Google spent $4.5 billion on research, far outpacing Baidu's minuscule $151 million spend. Surely at some point Google will use its vast resources to make inroads into China, right?
Actually, it probably won't. Although innovation is important, so are local market dynamics and being the first mover in a particular market. Baidu's search results used to be woefully inadequate compared to Google, but local favoritism and the willingness to play by local regulations kept Baidu in the game against Google, while its larger rival became entangled in a high-stakes game of brinksmanship that resulted in its leaving the country.
The end result is that Baidu has managed to increase to a dominant 86% market share within China. Western investors may bristle at the fact that Baidu was essentially a Google clone that used local savvy and politics to assert its dominance, but in the end, its position as China's search leader looks very secure.
So Baidu investors are now looking to a future where the company's focus could broaden to divergent areas across China's Internet industry, much like how Google has expanded to other areas that enhance its search and advertising expertise. For example, Baidu has made noise by talking about developing a mobile operating system. There have also been reports that it could team up with Facebook to launch a China-specific version of the world's largest social network that would compete against Chinese social platforms such as Renren (NYSE: RENN ) and SINA's (Nasdaq: SINA ) Weibo. Other areas Baidu could attack more aggressively include video, where Youku (NYSE: YOKU ) has been able to establish itself as a market leader.
With search dominance in China largely secured, keep an eye out on how aggressively the company emulates Google's worldwide model of leveraging search dominance into other rapidly growing Web areas.
Acquisitions
In technology, some of the best companies have turned growth through acquisitions into an art. IBM has adeptly spun off capital-heavy businesses such as the hard-drive and PC segments, while it focused on acquiring additional services and software expertise that have transformed its business model.
On the opposite end of the spectrum, Hewlett-Packard is often criticized for underinvesting in R&D, to the point that it has to overpay on acquisitions to catch up with its competitors.
Investors should remember, most of all, that companies are valued by the cash flow they can bring in for their shareholders over time. If companies need to continue making purchases in perpetuity to keep growing, that amounts to a reduction in cash flows, and investors should treat acquisition spending as a continuing outflow against cash flow.
Let's take a look at Baidu's free cash flow over the past five years against cash spent on acquisitions.
Source: Capital IQ, a division of Standard & Poor's. LTM = last 12 months. Dates above are calendar years; yearly total is for company fiscal years closing in that period.
Baidu doesn't have a history of acquisitions. Since 2006, its cash acquisitions total just $9.2 million, a rounding error for a company of its size. While that could change in the future as the company expands into new areas, at this point Baidu's cash flows are a reflection of its organic ability to grow.
Final thoughts
If you're looking to stay updated on Baidu, or any other companies mentioned here, make sure to add them to our free watchlist service, My Watchlist. It's free, and it helps you constantly stay updated on news and analysis on your favorite companies.
Und wenn diese Chose vom Tisch ist, sollte Baidu auch wieder Luft unter die Flügel bekommen.
31. Juli 2011, 21:27 Uhr
US-Schuldenkrise
Senatsführer arbeiten fieberhaft an Kompromiss
Die Kontrahenten verhandeln intensiv, doch die Zeit wird knapp: Im US-Haushaltsstreit kommen Republikaner und Demokraten Stück für Stück einer Lösung näher. Die Rating-Agentur Moody's lobt bereits, der Plan könnte reichen, damit die USA ihre Top-Bonität behalten.
Washington - Harry Reid konnte die Niederlage verschmerzen. Der demokratische Mehrheitsführer im US-Senat war gerade mit seinem eigenen Vorschlag zur Schuldenmisere in der Kammer durchgefallen. Aber die Abstimmung war eh nur pro forma. Denn zuvor war Bewegung in die verhärteten Fronten gekommen.
Republikaner und Demokraten erzielten am Sonntag eine vorläufige Einigung über eine "Rahmenvereinbarung". Damit könnte die drohende Zahlungsunfähigkeit abgewendet werden. Die Verhandlungen über Einzelheiten laufen aber noch.
Das Weiße Haus warnte, es gebe noch keinen "Deal". Auch Reid, sagte, es seien noch wichtige Fragen zu klären. Aber er legte den Senatoren nahe, sich nicht zu weit vom Parlamentsgebäude, dem Kapitol, zu entfernen, damit im Fall des Falles schnell abgestimmt werden könne. Er deutete damit an, dass noch am Sonntag ein erstes Votum über den neuen Vorschlag möglich sei. Der republikanische Anführer im Senat, Mitch McConnell, sagte: "Wir sind einer Vereinbarung sehr nahe."
Insgesamt machte sich nach einem wochenlangen Gezerre in Washington erstmals Optimismus breit. Der Druck ist auch groß: Sollten sich die Abgeordneten nicht einigen, droht der weltgrößten Volkswirtschaft die Zahlungsunfähigkeit. Denn dann ist die Frist erreicht, nach der die USA wegen der Schuldengrenze keine Kredite mehr abzahlen dürften. Dann müsste die Regierung entscheiden, welche Rechnungen sie noch begleicht.
Nach übereinstimmenden Medienberichten sieht der "Rahmen" nun eine Erhöhung der Schuldengrenze in zwei Etappen vor, ohne dass Präsident Barack Obama jedes Mal auf die Zustimmung des Kongresses angewiesen wäre.
Konkret sieht der mögliche Kompromiss folgendermaßen aus:
* Die Schuldengrenze wird um bis zu 2,8 Billionen Dollar erhöht. Das würde reichen, um bis zur Präsidentschaftswahl im Herbst 2012 Ruhe zu haben.
* Die Staatsausgaben werden um etwa eine Billionen Dollar über einen Zeitraum von zehn Jahren gesenkt.
* Ein Kongressausschuss soll dafür sorgen, das künftige Defizit um den Rest der Summe zu senken - sei es durch weitere Kürzungen oder auch durch Steuererhöhungen. Das Komitee soll seine Vorschläge bis November vorlegen.
* Werden die Beschlüsse vom Kongress, den beiden Kammern de Parlaments, nicht bis Weihnachten verabschiedet, kommt es zu automatischen Kürzungen - in der Krankenversicherung für arme Amerikaner und im Militärhaushalt.
Lob für dieses Konzept kam am Sonntag prompt von einem Spitzenvertreter einer Rating-Agentur. Dies könne ausreichen, damit die USA ihr Topbonität AAA behalten dürfen, sagte Moody's-Chefökonom Mark Zandi dem Sender CNN. "Das sind ausgezeichnete Nachrichten."
Was macht die Tea Party?
Reid, der Chef der Demokraten im Senat, scheiterte am Sonntagmittag Ortszeit mit einem Testvotum über seinen eigenen Vorschlag. Bei der Abstimmung kam Reid nicht auf die nötigen 60 Stimmen. Dazu hätten mehrere Republikaner zustimmen müssen. Das Votum hatte angesichts der laufenden Verhandlungen über einen Kompromiss am Ende aber ohnehin nur symbolische Bedeutung.
Kommt der Kompromissvorschlag nun im Senat durch, müsste noch das Abgeordnetenhaus zustimmen. Dass dies noch am Sonntag geschieht, gilt als unrealistisch. Am Samstag hatten die republikanisch beherrschte größere Kongresskammer, in der die radikal-konservativen Tea-Party-Vertreter großen Einfluss haben, den Reid-Plan abgelehnt. Führende republikanische Abgeordnete sagten am Sonntag, die Kompromissverhandlungen gingen in "die richtige Richtung", es blieben aber noch erhebliche Differenzen.
Das Finanzministerium bereitet sich vorsichtshalber jedenfalls auf ein Scheitern vor. Oberste Linie sei, Schulden und Zinsen auf alle Fälle zu bezahlt. Nach einem Bericht der "Washington Post" könnten auch die zum Monatsbeginn anfallenden Sozialhilfe-Leistungen noch gezahlt werden. Doch bereits in wenigen Tagen "verliert die Regierung ihre Fähigkeit, allen Zahlungen nachzukommen".
cte/dpa/Reuters
31. Juli 2011, 21:27 Uhr
US-Schuldenkrise
Senatsführer arbeiten fieberhaft an Kompromiss
Die Kontrahenten verhandeln intensiv, doch die Zeit wird knapp: Im US-Haushaltsstreit kommen Republikaner und Demokraten Stück für Stück einer Lösung näher. Die Rating-Agentur Moody's lobt bereits, der Plan könnte reichen, damit die USA ihre Top-Bonität behalten.
Washington - Harry Reid konnte die Niederlage verschmerzen. Der demokratische Mehrheitsführer im US-Senat war gerade mit seinem eigenen Vorschlag zur Schuldenmisere in der Kammer durchgefallen. Aber die Abstimmung war eh nur pro forma. Denn zuvor war Bewegung in die verhärteten Fronten gekommen.
Republikaner und Demokraten erzielten am Sonntag eine vorläufige Einigung über eine "Rahmenvereinbarung". Damit könnte die drohende Zahlungsunfähigkeit abgewendet werden. Die Verhandlungen über Einzelheiten laufen aber noch.
Das Weiße Haus warnte, es gebe noch keinen "Deal". Auch Reid, sagte, es seien noch wichtige Fragen zu klären. Aber er legte den Senatoren nahe, sich nicht zu weit vom Parlamentsgebäude, dem Kapitol, zu entfernen, damit im Fall des Falles schnell abgestimmt werden könne. Er deutete damit an, dass noch am Sonntag ein erstes Votum über den neuen Vorschlag möglich sei. Der republikanische Anführer im Senat, Mitch McConnell, sagte: "Wir sind einer Vereinbarung sehr nahe."
Insgesamt machte sich nach einem wochenlangen Gezerre in Washington erstmals Optimismus breit. Der Druck ist auch groß: Sollten sich die Abgeordneten nicht einigen, droht der weltgrößten Volkswirtschaft die Zahlungsunfähigkeit. Denn dann ist die Frist erreicht, nach der die USA wegen der Schuldengrenze keine Kredite mehr abzahlen dürften. Dann müsste die Regierung entscheiden, welche Rechnungen sie noch begleicht.
Nach übereinstimmenden Medienberichten sieht der "Rahmen" nun eine Erhöhung der Schuldengrenze in zwei Etappen vor, ohne dass Präsident Barack Obama jedes Mal auf die Zustimmung des Kongresses angewiesen wäre.
Konkret sieht der mögliche Kompromiss folgendermaßen aus:
* Die Schuldengrenze wird um bis zu 2,8 Billionen Dollar erhöht. Das würde reichen, um bis zur Präsidentschaftswahl im Herbst 2012 Ruhe zu haben.
* Die Staatsausgaben werden um etwa eine Billionen Dollar über einen Zeitraum von zehn Jahren gesenkt.
* Ein Kongressausschuss soll dafür sorgen, das künftige Defizit um den Rest der Summe zu senken - sei es durch weitere Kürzungen oder auch durch Steuererhöhungen. Das Komitee soll seine Vorschläge bis November vorlegen.
* Werden die Beschlüsse vom Kongress, den beiden Kammern de Parlaments, nicht bis Weihnachten verabschiedet, kommt es zu automatischen Kürzungen - in der Krankenversicherung für arme Amerikaner und im Militärhaushalt.
Lob für dieses Konzept kam am Sonntag prompt von einem Spitzenvertreter einer Rating-Agentur. Dies könne ausreichen, damit die USA ihr Topbonität AAA behalten dürfen, sagte Moody's-Chefökonom Mark Zandi dem Sender CNN. "Das sind ausgezeichnete Nachrichten."
Was macht die Tea Party?
Reid, der Chef der Demokraten im Senat, scheiterte am Sonntagmittag Ortszeit mit einem Testvotum über seinen eigenen Vorschlag. Bei der Abstimmung kam Reid nicht auf die nötigen 60 Stimmen. Dazu hätten mehrere Republikaner zustimmen müssen. Das Votum hatte angesichts der laufenden Verhandlungen über einen Kompromiss am Ende aber ohnehin nur symbolische Bedeutung.
Kommt der Kompromissvorschlag nun im Senat durch, müsste noch das Abgeordnetenhaus zustimmen. Dass dies noch am Sonntag geschieht, gilt als unrealistisch. Am Samstag hatten die republikanisch beherrschte größere Kongresskammer, in der die radikal-konservativen Tea-Party-Vertreter großen Einfluss haben, den Reid-Plan abgelehnt. Führende republikanische Abgeordnete sagten am Sonntag, die Kompromissverhandlungen gingen in "die richtige Richtung", es blieben aber noch erhebliche Differenzen.
Das Finanzministerium bereitet sich vorsichtshalber jedenfalls auf ein Scheitern vor. Oberste Linie sei, Schulden und Zinsen auf alle Fälle zu bezahlt. Nach einem Bericht der "Washington Post" könnten auch die zum Monatsbeginn anfallenden Sozialhilfe-Leistungen noch gezahlt werden. Doch bereits in wenigen Tagen "verliert die Regierung ihre Fähigkeit, allen Zahlungen nachzukommen".
cte/dpa/Reuters
23:38
Spitzendemokrat Harry Reid: Es sind noch einige wichtige Fragen zu klären.
23:33
Republikaner McConnell: Sind den Verhandlungen für eine Übereinkunft dramatisch näher gekommen, Einigung jedoch noch nicht in trockenen Tüchern.
23:31
US-Senat findet Rahmenvereinbarung zu Abewendung einer drohenden Staatspleite, Verhandlungen über die Einzelheiten laufen aber noch. (dpa)
und nun...
Angenehme Nachtruhe
wünscht
Karlll
Spitzendemokrat Harry Reid: Es sind noch einige wichtige Fragen zu klären.
23:33
Republikaner McConnell: Sind den Verhandlungen für eine Übereinkunft dramatisch näher gekommen, Einigung jedoch noch nicht in trockenen Tüchern.
23:31
US-Senat findet Rahmenvereinbarung zu Abewendung einer drohenden Staatspleite, Verhandlungen über die Einzelheiten laufen aber noch. (dpa)
und nun...
Angenehme Nachtruhe
wünscht
Karlll
10. 08. 2011
Baidu und BMW entwickeln zusammen Fahrzeugsuche
Baidu entwickelt für BMW einen Dienst, mit welchem rasch Informationen in Automobilen gefunden werden können.
Die größte chinesische Suchmaschine Baidu Inc. wird mit den Bayerischen Motor Weren AG (BMW) zusammen arbeiten, um Suchdienstleistungen für verschiedene Autotypen des deutschen Automobilherstellers anzubieten. So soll die Fahrzeugsuche auf mehrere Plattformen ausgedehnt werden.
Die beiden Firmen kamen überein, einen Suchservice zu entwickeln und zu betreiben, der die Informationssysteme der Fahrzeuge durchsuchen kann, verkündete Baidu am Montag. Dies bedeutet, dass Baidus Service zukünftig nicht nur auf Computern, Mobiltelefonen und Fernsehern, sondern auch in Autos verfügbar sein wird. "Wir hoffen, dass die Leute die gewünschten Informationen durch die Baidu "Box" finden können, egal an welchem Terminal sie sich befinden", erklärte Zhang Dongchen, Baidus Assistenzpräsident. Baidu wird Suchservices für Karten, E-Mail und Nachrichten entwickeln. Die Suchmaschine redete auch mit anderen Fahrzeugherstellern über ähnliche Services, so die Stellungnahme.
Neue Nischenmärkte. Baidus Zusammenarbeit mit BMW dient sowohl der Erschließung neuer Nischenmärkte wie auch der Expansion auf neue Plattformen, erklärten Analysten. In der Automobilbranche gibt es der Stellungnahme von Baidu zufolge aber bereits etablierte Anbieter, die zu einer starken Konkurrenz für die chinesische Suchmaschine werden könnten. "Unterschiedliche Firmen in der Versorgungskette, darunter auch Hardwareverkäufer, Automobilhersteller und Dienstleister, besitzen selbst auch beträchtliche Ressourcen, um Informationsdienste in Autos anzubieten", gab Yan Xiaojia, ein Analyst der chinesischen Beratungsunternehmung Analysys International, zu bedenken. "Baidu hat seine eigenen Stärken bei der Suche, aber seinen Erfolg in der Automobilbranche hängt von seinen Investitionen ab", fügte er hinzu.
Das Unternehmen unterzeichnete bereits zuvor ein Zusammenarbeitsabkommen mit der Wasu Digital Television Media Group, einem chinesischen Digitalfernsehanbieter, um in 100 chinesischen Städten Suchservices im TV anzubieten. Als Ergänzung zu seinem Kerngeschäft versucht Baidu, seine Einnahmequellen zu diversifizieren. Baidu gründete daher beispielsweise auch eine E-Commerce Website mit dem japanischen Unternehmen Rakuten Inc. und erhöhte seine Investitionen in die Onlinevideobranche. Baidu konnte per Ende des letzten Quartals 75,9 Prozent des chinesischen Suchmaschinenmarkts kontrollieren, während Konkurrent Google nur noch 18,9 Prozent des Marktes beliefern darf.
Quelle: China Daily
Baidu und BMW entwickeln zusammen Fahrzeugsuche
Baidu entwickelt für BMW einen Dienst, mit welchem rasch Informationen in Automobilen gefunden werden können.
Die größte chinesische Suchmaschine Baidu Inc. wird mit den Bayerischen Motor Weren AG (BMW) zusammen arbeiten, um Suchdienstleistungen für verschiedene Autotypen des deutschen Automobilherstellers anzubieten. So soll die Fahrzeugsuche auf mehrere Plattformen ausgedehnt werden.
Die beiden Firmen kamen überein, einen Suchservice zu entwickeln und zu betreiben, der die Informationssysteme der Fahrzeuge durchsuchen kann, verkündete Baidu am Montag. Dies bedeutet, dass Baidus Service zukünftig nicht nur auf Computern, Mobiltelefonen und Fernsehern, sondern auch in Autos verfügbar sein wird. "Wir hoffen, dass die Leute die gewünschten Informationen durch die Baidu "Box" finden können, egal an welchem Terminal sie sich befinden", erklärte Zhang Dongchen, Baidus Assistenzpräsident. Baidu wird Suchservices für Karten, E-Mail und Nachrichten entwickeln. Die Suchmaschine redete auch mit anderen Fahrzeugherstellern über ähnliche Services, so die Stellungnahme.
Neue Nischenmärkte. Baidus Zusammenarbeit mit BMW dient sowohl der Erschließung neuer Nischenmärkte wie auch der Expansion auf neue Plattformen, erklärten Analysten. In der Automobilbranche gibt es der Stellungnahme von Baidu zufolge aber bereits etablierte Anbieter, die zu einer starken Konkurrenz für die chinesische Suchmaschine werden könnten. "Unterschiedliche Firmen in der Versorgungskette, darunter auch Hardwareverkäufer, Automobilhersteller und Dienstleister, besitzen selbst auch beträchtliche Ressourcen, um Informationsdienste in Autos anzubieten", gab Yan Xiaojia, ein Analyst der chinesischen Beratungsunternehmung Analysys International, zu bedenken. "Baidu hat seine eigenen Stärken bei der Suche, aber seinen Erfolg in der Automobilbranche hängt von seinen Investitionen ab", fügte er hinzu.
Das Unternehmen unterzeichnete bereits zuvor ein Zusammenarbeitsabkommen mit der Wasu Digital Television Media Group, einem chinesischen Digitalfernsehanbieter, um in 100 chinesischen Städten Suchservices im TV anzubieten. Als Ergänzung zu seinem Kerngeschäft versucht Baidu, seine Einnahmequellen zu diversifizieren. Baidu gründete daher beispielsweise auch eine E-Commerce Website mit dem japanischen Unternehmen Rakuten Inc. und erhöhte seine Investitionen in die Onlinevideobranche. Baidu konnte per Ende des letzten Quartals 75,9 Prozent des chinesischen Suchmaschinenmarkts kontrollieren, während Konkurrent Google nur noch 18,9 Prozent des Marktes beliefern darf.
Quelle: China Daily
Jim Cramer: 2 Buy and 2 Avoid Ideas
by: Dr. Osman Gulseven August 12, 2011
Baidu: Buy
Baidu, Inc.: Baidu is the only Chinese stock Jim has confidence in, as the Chinese market is not credible. As of Aug 11, Baidu was trading at a P/E ratio of 67.6, and a forward P/E ratio of 34.2. Analysts estimate a 41.7% annual EPS growth for the next five years, which sounds truly conservative given the 132.51% EPS growth of the past 5 years. With an impressive profit margin of 46.5%, the Chinese stock pays no dividend yield. While operating margin is 52.2%, gross margin is 73.9%. ROA and ROE are 46.51% and 44.34%, respectively. Baidu had a 136.41% EPS growth this year, and 94.71% this quarter. SMA200 is 18.22%, and SMA50 is 6.50%. Target price indicates a 24.4% increase potential, while it is trading 10.73% lower than its 52-week high. Baidu returned 79.2% in a year, and debts are nearly zero percent. Institutions hold 73.06% of the stock, whereas O-Metrix score is 4.09. Although P/E- forward P/E ratios do not fit my criteria, this stock is an opportune buy. Read a full analysis of Baidu here.
by: Dr. Osman Gulseven August 12, 2011
Baidu: Buy
Baidu, Inc.: Baidu is the only Chinese stock Jim has confidence in, as the Chinese market is not credible. As of Aug 11, Baidu was trading at a P/E ratio of 67.6, and a forward P/E ratio of 34.2. Analysts estimate a 41.7% annual EPS growth for the next five years, which sounds truly conservative given the 132.51% EPS growth of the past 5 years. With an impressive profit margin of 46.5%, the Chinese stock pays no dividend yield. While operating margin is 52.2%, gross margin is 73.9%. ROA and ROE are 46.51% and 44.34%, respectively. Baidu had a 136.41% EPS growth this year, and 94.71% this quarter. SMA200 is 18.22%, and SMA50 is 6.50%. Target price indicates a 24.4% increase potential, while it is trading 10.73% lower than its 52-week high. Baidu returned 79.2% in a year, and debts are nearly zero percent. Institutions hold 73.06% of the stock, whereas O-Metrix score is 4.09. Although P/E- forward P/E ratios do not fit my criteria, this stock is an opportune buy. Read a full analysis of Baidu here.
Tuesday, August 16, 2011 ET
Baidu Drops 6% As State Media Attacks; Piper Defends
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) are down $8.41, or almost 6%, at $136.23 after state-run media yesterday broadcast a segment calling into question the company’s management of its paid listings.
Morgan Stanley’s Richard Ji, who maintains an Equal Weight rating on the shares, today details the charges by China Central Television (CCTV), which alleges that Baidu did not properly filter Web sites in its listings for legitimacy, that it let some fraud sites get top listings, and that ad customers were charged for some clicks they never actually got for their listings.
Ji notes that when a similar segment was run in November of 2008, the stock fell 40% over the next 30 days, and Baidu saw its first-ever drop in sales, quarter to quarter. Another attack in July of 2010 did not have quite as disastrous an impact.
“Although it is hard to quantify the impact of such an incident, we expect some pressure on the stock price,” writes Ji. He notes that average revenue per user is the “main growth driver” for Baidu’s revenue, mores than volume of paid click deals.
Baidu shares were actually defended this morning by Piper Jaffray’s Gene Munster in not one but two separate notes. Munster maintains an Overweight rating on Baidu shares.
As regards the CCTV segment, Munster writes, it’s old news, he thinks:
The bottom line is that we believe Baidu’s business is unlikely to be meaningfully impacted following a new CCTV investigative report on fake advertisers and we remain buyers of BIDU. We believe Baidu continually polices its system for fake advertisers and the CCTV story did not reveal anything significantly new to the story.
Moreover, Munster sees “double-digit” revenue growth continuing through 2014, based on a comparison to Google at a similar point in that company’s history.
“If you look back on Google’s forward growth rate when it was at a similar revenue size as Baidu,” writes Munster, “We believe it suggests that Baidu revenue could be 3.5 times bigger in three years than in fiscal 2011.”
Munster models $2.17 billion in revenue this year and $2.94 per share in profit. For next year, he sees that rising to $3.6 billion and $4.53 per share.
The Street, in contrast, is on average modeling $2.14 billion and $2.90 per share this year, and $3.28 billion and $4.37 per share next year.
Deutsche Bank also offered a defense of the shares this morning. I’ll have more on that once I have the report.
Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved
Baidu Drops 6% As State Media Attacks; Piper Defends
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) are down $8.41, or almost 6%, at $136.23 after state-run media yesterday broadcast a segment calling into question the company’s management of its paid listings.
Morgan Stanley’s Richard Ji, who maintains an Equal Weight rating on the shares, today details the charges by China Central Television (CCTV), which alleges that Baidu did not properly filter Web sites in its listings for legitimacy, that it let some fraud sites get top listings, and that ad customers were charged for some clicks they never actually got for their listings.
Ji notes that when a similar segment was run in November of 2008, the stock fell 40% over the next 30 days, and Baidu saw its first-ever drop in sales, quarter to quarter. Another attack in July of 2010 did not have quite as disastrous an impact.
“Although it is hard to quantify the impact of such an incident, we expect some pressure on the stock price,” writes Ji. He notes that average revenue per user is the “main growth driver” for Baidu’s revenue, mores than volume of paid click deals.
Baidu shares were actually defended this morning by Piper Jaffray’s Gene Munster in not one but two separate notes. Munster maintains an Overweight rating on Baidu shares.
As regards the CCTV segment, Munster writes, it’s old news, he thinks:
The bottom line is that we believe Baidu’s business is unlikely to be meaningfully impacted following a new CCTV investigative report on fake advertisers and we remain buyers of BIDU. We believe Baidu continually polices its system for fake advertisers and the CCTV story did not reveal anything significantly new to the story.
Moreover, Munster sees “double-digit” revenue growth continuing through 2014, based on a comparison to Google at a similar point in that company’s history.
“If you look back on Google’s forward growth rate when it was at a similar revenue size as Baidu,” writes Munster, “We believe it suggests that Baidu revenue could be 3.5 times bigger in three years than in fiscal 2011.”
Munster models $2.17 billion in revenue this year and $2.94 per share in profit. For next year, he sees that rising to $3.6 billion and $4.53 per share.
The Street, in contrast, is on average modeling $2.14 billion and $2.90 per share this year, and $3.28 billion and $4.37 per share next year.
Deutsche Bank also offered a defense of the shares this morning. I’ll have more on that once I have the report.
Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved
Buy Baidu, Sell Google
By Rick Aristotle Munarriz Posted 12:10PM 08/16/11 Investing, Google , Motorola, Apple, Baidu Inc, Stock Picks, Stocks in the News, Investment
BaiduEven buy-and-hold investors can't afford to let their portfolios collect cobwebs. Valuations and fundamentals change perpetually, and shareholders need to know what they're holding -- and if there's more potential for growth elsewhere. Here we take a look at some stocks worth swapping.
I'm not the only one left scratching my head over Google's (GOOG) decision to buy Motorola Mobility (MMI) in a $12.5 billion deal: Big G's stock opened lower on the news.
Yes, the world's leading search engine has the money. It can also use Motorola's lucrative patents. However, Google was in a good groove without a handset maker on its arm. Its Android operating system for mobile phones already sells better than even Apple's (AAPL) iPhone, because it plays nice with every manufacturer and wireless carrier out there.
So why buy a phone maker of its own? Won't this move make any handset manufacturer not named Motorola a bit hesitant to keep cranking out Android gadgetry for Google, knowing that its efforts will now benefit a rival? And if Google plans to sell off the manufacturing and just keep the patents, isn't it overpaying?
Go Ahead and Ogle Google, But There Are Other Fish Out There
There's no denying that Google is one of the greatest tech stocks on the market -- and it's pretty cheap to boot. Selling for a mere 16 times this year's projected profitability and just 13 times next year's target, Google's attractively priced as the undisputed global leader in search, and the online advertising fruits of that harvest.
From the viral video magic of YouTube to its AdSense website monetization tool, Google is a potent force even beyond search. Its revenue grew 32% to $9 billion in its latest quarter, while adjusted net income improved by 37% to $2.85 billion.
Yes, Google is impressive -- but growth investors can realize gains even faster.
Born on the Baidu
Google may be the global leader, but it's not the top dog in every country. Yandex (YNDX), for example, is Russia's leading player in search. Head out to China, and around 80% of that country's search queries go through Baidu (BIDU).
Baidu isn't a household name outside its home turf, but it's hard to ignore the world's most populous nation, especially when it's still early in its online migration cycle.
Baidu's latest quarter was another beauty. Revenue soared 78% to $528.4 million, as adjusted earnings leapt 94% to $258 million.
Google is much bigger, but Baidu is much faster. When it comes to net margins -- the percentage of revenue that trickles all the way down to the bottom line -- Baidu breaks the tie in impressive fashion.
Divide Google's $2.85 billion in non-GAAP profit by its $9 billion in revenue, and you arrive at healthy rate of 32%. However, work the same math on Baidu, and you get net margins of nearly 49%.
It's true that you also have to pay a much higher multiple for Baidu. The Chinese dot-com darling is trading at 34 times next year's forecast earnings. However, given the problematic -- if not desperate -- nature of Monday morning's Motorola Mobility purchase, I'll have to turn to China for today's pick.
I'll stick with Baidu.
Longtime Motley Fool contributor Rick Munarriz does not own shares in any of the stocks in this article. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Baidu, Google, and Apple.
See full article from DailyFinance: http://srph.it/r3C3aG
By Rick Aristotle Munarriz Posted 12:10PM 08/16/11 Investing, Google , Motorola, Apple, Baidu Inc, Stock Picks, Stocks in the News, Investment
BaiduEven buy-and-hold investors can't afford to let their portfolios collect cobwebs. Valuations and fundamentals change perpetually, and shareholders need to know what they're holding -- and if there's more potential for growth elsewhere. Here we take a look at some stocks worth swapping.
I'm not the only one left scratching my head over Google's (GOOG) decision to buy Motorola Mobility (MMI) in a $12.5 billion deal: Big G's stock opened lower on the news.
Yes, the world's leading search engine has the money. It can also use Motorola's lucrative patents. However, Google was in a good groove without a handset maker on its arm. Its Android operating system for mobile phones already sells better than even Apple's (AAPL) iPhone, because it plays nice with every manufacturer and wireless carrier out there.
So why buy a phone maker of its own? Won't this move make any handset manufacturer not named Motorola a bit hesitant to keep cranking out Android gadgetry for Google, knowing that its efforts will now benefit a rival? And if Google plans to sell off the manufacturing and just keep the patents, isn't it overpaying?
Go Ahead and Ogle Google, But There Are Other Fish Out There
There's no denying that Google is one of the greatest tech stocks on the market -- and it's pretty cheap to boot. Selling for a mere 16 times this year's projected profitability and just 13 times next year's target, Google's attractively priced as the undisputed global leader in search, and the online advertising fruits of that harvest.
From the viral video magic of YouTube to its AdSense website monetization tool, Google is a potent force even beyond search. Its revenue grew 32% to $9 billion in its latest quarter, while adjusted net income improved by 37% to $2.85 billion.
Yes, Google is impressive -- but growth investors can realize gains even faster.
Born on the Baidu
Google may be the global leader, but it's not the top dog in every country. Yandex (YNDX), for example, is Russia's leading player in search. Head out to China, and around 80% of that country's search queries go through Baidu (BIDU).
Baidu isn't a household name outside its home turf, but it's hard to ignore the world's most populous nation, especially when it's still early in its online migration cycle.
Baidu's latest quarter was another beauty. Revenue soared 78% to $528.4 million, as adjusted earnings leapt 94% to $258 million.
Google is much bigger, but Baidu is much faster. When it comes to net margins -- the percentage of revenue that trickles all the way down to the bottom line -- Baidu breaks the tie in impressive fashion.
Divide Google's $2.85 billion in non-GAAP profit by its $9 billion in revenue, and you arrive at healthy rate of 32%. However, work the same math on Baidu, and you get net margins of nearly 49%.
It's true that you also have to pay a much higher multiple for Baidu. The Chinese dot-com darling is trading at 34 times next year's forecast earnings. However, given the problematic -- if not desperate -- nature of Monday morning's Motorola Mobility purchase, I'll have to turn to China for today's pick.
I'll stick with Baidu.
Longtime Motley Fool contributor Rick Munarriz does not own shares in any of the stocks in this article. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Baidu, Google, and Apple.
See full article from DailyFinance: http://srph.it/r3C3aG
BAIDU.COM führende Suchmaschine Chinas mit gigantischen Wachstumsraten
02.08.11 12:22
Prior Global
Frankfurt (aktiencheck.de AG) - Aus Sicht der Experten von "Prior Global" geht das Wachstum für die Aktie der Internet-Suchmaschine BAIDU.COM Inc. (ISIN US0567521085 / WKN A0F5DE) weiter.
Der Internetriese betreibe Chinas führende Suchmaschine auf dem mit 470 Millionen Web-Usern größten Markt des Riesenreichs. Es handle sich um eine Goldgrube, da die Mittelschicht immer vermögender werde.
Zudem beherrsche BAIDU.COM nach dem Rückzug von Google (ISIN US38259P5089 / WKN A0B7FY) den chinesischen Markt und Experten würden davon ausgehen, dass drei Viertel aller Suchanfragen über BAIDU.COM laufen würden. Dabei liege das Hauptaugenmerk auf chinesischsprachigen Inhalten, während Kooperationspartner Microsoft (ISIN US5949181045 / WKN 870747) mit dem Bing-Portal die englischsprachigen Suchabfragen abwickle.
Der Kurs des Papiers sei nach dem Google-Rückzug unglaublich gestiegen. Seit Beginn des Jahres 2009 habe der Kurs von seinerzeit 12 USD auf 164 USD rasant zugelegt. Auch der Umsatz habe sich seit dem IPO vor sechs Jahren explosionsartig mehr als verfünfzehnfacht. Im vorigen Jahr habe der Umsatz von 651 Mio. USD auf 1,2 Mrd. USD eine Verdoppelung geschafft und der Überschuss sei von 217 Mio. USD auf 535 Mio. USD gesprungen.
Da chinesische Nutzer sehr jung seien und damit Suchanfragen nach Musik und Spielen eine größere Rolle spielen würden, konzentriere sie BAIDU.COM auf hippe Blogs und Musikplattformen. Diese seien wiederum mit Musikfirmen verlinkt und das Unternehmen habe vor kurzem mit Universal Music, Warner Music Group (ISIN US9345501046 / WKN A0EAC8) und Sony BMG Kooperationen abgeschlossen. Das seien gigantische Aussichten für einen Markt, der noch in den Kinderschuhen stecke.
Zwar sei die Börsenbewertung mit 57 Mrd. USD außerordentlich hoch, aber das Wachstum gehe weiter. Der Gewinn je Aktie habe im zweiten Quartal um 106% zugelegt und der Umsatz habe mit einem Plus von 86% aufgewartet.
Die Experten von "Prior Global" sehen in der BAIDU.COM-Aktie ein interessantes Investment mit einem Kursziel von 220 USD. Im Rahmen ihres Prior-Rankings würden sie für den Titel vier von maximal fünf Sternen vergeben. (Ausgabe 22 vom 28.07.2011) (02.08.2011/ac/a/a)
02.08.11 12:22
Prior Global
Frankfurt (aktiencheck.de AG) - Aus Sicht der Experten von "Prior Global" geht das Wachstum für die Aktie der Internet-Suchmaschine BAIDU.COM Inc. (ISIN US0567521085 / WKN A0F5DE) weiter.
Der Internetriese betreibe Chinas führende Suchmaschine auf dem mit 470 Millionen Web-Usern größten Markt des Riesenreichs. Es handle sich um eine Goldgrube, da die Mittelschicht immer vermögender werde.
Zudem beherrsche BAIDU.COM nach dem Rückzug von Google (ISIN US38259P5089 / WKN A0B7FY) den chinesischen Markt und Experten würden davon ausgehen, dass drei Viertel aller Suchanfragen über BAIDU.COM laufen würden. Dabei liege das Hauptaugenmerk auf chinesischsprachigen Inhalten, während Kooperationspartner Microsoft (ISIN US5949181045 / WKN 870747) mit dem Bing-Portal die englischsprachigen Suchabfragen abwickle.
Der Kurs des Papiers sei nach dem Google-Rückzug unglaublich gestiegen. Seit Beginn des Jahres 2009 habe der Kurs von seinerzeit 12 USD auf 164 USD rasant zugelegt. Auch der Umsatz habe sich seit dem IPO vor sechs Jahren explosionsartig mehr als verfünfzehnfacht. Im vorigen Jahr habe der Umsatz von 651 Mio. USD auf 1,2 Mrd. USD eine Verdoppelung geschafft und der Überschuss sei von 217 Mio. USD auf 535 Mio. USD gesprungen.
Da chinesische Nutzer sehr jung seien und damit Suchanfragen nach Musik und Spielen eine größere Rolle spielen würden, konzentriere sie BAIDU.COM auf hippe Blogs und Musikplattformen. Diese seien wiederum mit Musikfirmen verlinkt und das Unternehmen habe vor kurzem mit Universal Music, Warner Music Group (ISIN US9345501046 / WKN A0EAC8) und Sony BMG Kooperationen abgeschlossen. Das seien gigantische Aussichten für einen Markt, der noch in den Kinderschuhen stecke.
Zwar sei die Börsenbewertung mit 57 Mrd. USD außerordentlich hoch, aber das Wachstum gehe weiter. Der Gewinn je Aktie habe im zweiten Quartal um 106% zugelegt und der Umsatz habe mit einem Plus von 86% aufgewartet.
Die Experten von "Prior Global" sehen in der BAIDU.COM-Aktie ein interessantes Investment mit einem Kursziel von 220 USD. Im Rahmen ihres Prior-Rankings würden sie für den Titel vier von maximal fünf Sternen vergeben. (Ausgabe 22 vom 28.07.2011) (02.08.2011/ac/a/a)
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BAIDU.COM "underperform"
17.08.11 07:53
Credit Suisse
Rating-Update:
Zürich (aktiencheck.de AG) - Wallace Cheung, Analyst der Credit Suisse, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "underperform" ein. Das Kursziel werde bei 122,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM Downgrade
17.08.11 08:07
Standard & Poor´s Equity Research
Rating-Update:
New York (aktiencheck.de AG) - Scott Kessler, Analyst von Standard & Poor’s Equity Research, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) von "strong buy" auf "buy" zurück. Das Kursziel werde weiterhin bei 200,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM "buy"
17.08.11 08:23
Deutsche Bank Securities
Rating-Update:
Frankfurt (aktiencheck.de AG) - Alan Hellawell, Analyst von Deutsche Bank Securities, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde weiterhin bei 190,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM "buy"
17.08.11 08:58
Goldman Sachs
Rating-Update:
New York (aktiencheck.de AG) - Catherine Leung, Analystin von Goldman Sachs, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde weiterhin bei 175,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM "underperform"
17.08.11 07:53
Credit Suisse
Rating-Update:
Zürich (aktiencheck.de AG) - Wallace Cheung, Analyst der Credit Suisse, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "underperform" ein. Das Kursziel werde bei 122,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM Downgrade
17.08.11 08:07
Standard & Poor´s Equity Research
Rating-Update:
New York (aktiencheck.de AG) - Scott Kessler, Analyst von Standard & Poor’s Equity Research, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) von "strong buy" auf "buy" zurück. Das Kursziel werde weiterhin bei 200,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM "buy"
17.08.11 08:23
Deutsche Bank Securities
Rating-Update:
Frankfurt (aktiencheck.de AG) - Alan Hellawell, Analyst von Deutsche Bank Securities, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde weiterhin bei 190,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM "buy"
17.08.11 08:58
Goldman Sachs
Rating-Update:
New York (aktiencheck.de AG) - Catherine Leung, Analystin von Goldman Sachs, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy" ein. Das Kursziel werde weiterhin bei 175,00 USD gesehen. (Analyse vom 16.08.11) (17.08.2011/ac/a/u)
BAIDU.COM sieht sich Betrugsvorwürfen ausgesetzt
17.08.11 12:04
Morgan Stanley
New York (aktiencheck.de AG) - Richard Ji, Analyst von Morgan Stanley, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "equal-weight" ein.
Laut Berichten des chinesischen Fernsehsenders CCTV komme BAIDU.COM bei seinen Listings der Filterung betrügerischerer Webseiten nicht in angemessener Weise nach. Werbekunden würden für Klicks, die es niemals bei bestimmten Angeboten gegeben habe, Zahlungen in Rechnung gestellt.
Oel- & Gas-Fonds mit 12% p.a.
Bei einem ähnlichen Vorfall in 2008 habe die Aktie innerhalb von 30 Tagen 40% an Wert eingebüßt. Seinerzeit habe BAIDU.COM zum ersten Mal sequenzielle Umsatzrückgänge hinnehmen müssen.
Die Auswirkungen des Vorfalls seien zwar nur schwer zu quantifizieren. Nichtsdestotrotz dürfte die Aktie unter Druck geraten. Der durchschnittliche Umsatz je Kunde sei der Hauptwachstumstreiber für die Umsätze des Unternehmens.
Vor diesem Hintergrund bleiben die Analysten von Morgan Stanley bei ihrem Votum "equal-weight" für die Aktie von BAIDU.COM. (Analyse vom 16.08.11)(17.08.2011/ac/a/a)
17.08.11 12:04
Morgan Stanley
New York (aktiencheck.de AG) - Richard Ji, Analyst von Morgan Stanley, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "equal-weight" ein.
Laut Berichten des chinesischen Fernsehsenders CCTV komme BAIDU.COM bei seinen Listings der Filterung betrügerischerer Webseiten nicht in angemessener Weise nach. Werbekunden würden für Klicks, die es niemals bei bestimmten Angeboten gegeben habe, Zahlungen in Rechnung gestellt.
Oel- & Gas-Fonds mit 12% p.a.
Bei einem ähnlichen Vorfall in 2008 habe die Aktie innerhalb von 30 Tagen 40% an Wert eingebüßt. Seinerzeit habe BAIDU.COM zum ersten Mal sequenzielle Umsatzrückgänge hinnehmen müssen.
Die Auswirkungen des Vorfalls seien zwar nur schwer zu quantifizieren. Nichtsdestotrotz dürfte die Aktie unter Druck geraten. Der durchschnittliche Umsatz je Kunde sei der Hauptwachstumstreiber für die Umsätze des Unternehmens.
Vor diesem Hintergrund bleiben die Analysten von Morgan Stanley bei ihrem Votum "equal-weight" für die Aktie von BAIDU.COM. (Analyse vom 16.08.11)(17.08.2011/ac/a/a)
Wirtschaftsnews - von heute 12:36
Betrugsaffäre: Suchmaschinen-Betreiber Baidu entschuldigt sich
Peking 19.08.2011 (www.emfis.de) Der Betreiber von Chinas größter Suchmaschine ist erneut ins Gerede gekommen. Nachdem chinesische Staatsmedien über eine Betrugsaffäre berichtet hatten, in der Baidu involviert ist, brach der Aktienkurs ein.
Der staatliche TV-Sender China Central Television (CCTV) hatte in dieser Woche berichtet, dass Baidu-User gefälschte Flugtickets erworben haben, die auf der Suchmaschine beworben wurden. Der TV-Kanal, der vor Kurzen mit der Testphase einer eigenen Suchmaschine begonnen hat, warf dem Unternehmen darüber hinaus vor, die Seriosität der Werbekunden nicht angemessen zu überprüfen. In einem Beispiel gab ein Angestellter sogar Ratschläge, wie man die Erlaubnis bekommt, gefälschte Pharmazeutika zu bewerben.
Gestern Abend hat sich nun Wang Zhan, der stellvertretende Verkaufschef von Baidu, während einer Live-TV-Sendung dafür entschuldigt und später gegenüber Zeitungsreportern versprochen, diese Missstände so schnell wie möglich zu beheben. Bereits 2008 hatte das Staatsfernsehen Unregelmäßigkeiten bei Baidus Werbegeschäft kritisiert.
China Werbe-Markt hart umkämpft
Brancheninsider gehen davon aus, dass diese Enthüllungsstory möglicherweise wegen der harten Konkurrenz um die Werbegelder lanciert wurde. Auch Chinas traditionelle Printmedien und Rundfunkanstalten spüren deutlich, dass immer mehr Werbung ins Internet abwandert. Baidu ist einer der Hauptprofiteure, da das Unternehmen derzeit mit einem Marktanteil von etwa 80 Prozent den chinesischen Suchmaschinenmarkt dominiert.
An der NASDAQ fiel der Kurs von Baidu gestern um 6,7 Prozent auf 128,77 US-Dollar. Seit Wochenbeginn summieren sich die Verluste bereits auf über 14 Prozent.
Lesen Sie zu diesem Thema auch den Beitrag "Baidu kann Quartalsgewinn fast verdoppeln" auf www.emfis.de .
Betrugsaffäre: Suchmaschinen-Betreiber Baidu entschuldigt sich
Peking 19.08.2011 (www.emfis.de) Der Betreiber von Chinas größter Suchmaschine ist erneut ins Gerede gekommen. Nachdem chinesische Staatsmedien über eine Betrugsaffäre berichtet hatten, in der Baidu involviert ist, brach der Aktienkurs ein.
Der staatliche TV-Sender China Central Television (CCTV) hatte in dieser Woche berichtet, dass Baidu-User gefälschte Flugtickets erworben haben, die auf der Suchmaschine beworben wurden. Der TV-Kanal, der vor Kurzen mit der Testphase einer eigenen Suchmaschine begonnen hat, warf dem Unternehmen darüber hinaus vor, die Seriosität der Werbekunden nicht angemessen zu überprüfen. In einem Beispiel gab ein Angestellter sogar Ratschläge, wie man die Erlaubnis bekommt, gefälschte Pharmazeutika zu bewerben.
Gestern Abend hat sich nun Wang Zhan, der stellvertretende Verkaufschef von Baidu, während einer Live-TV-Sendung dafür entschuldigt und später gegenüber Zeitungsreportern versprochen, diese Missstände so schnell wie möglich zu beheben. Bereits 2008 hatte das Staatsfernsehen Unregelmäßigkeiten bei Baidus Werbegeschäft kritisiert.
China Werbe-Markt hart umkämpft
Brancheninsider gehen davon aus, dass diese Enthüllungsstory möglicherweise wegen der harten Konkurrenz um die Werbegelder lanciert wurde. Auch Chinas traditionelle Printmedien und Rundfunkanstalten spüren deutlich, dass immer mehr Werbung ins Internet abwandert. Baidu ist einer der Hauptprofiteure, da das Unternehmen derzeit mit einem Marktanteil von etwa 80 Prozent den chinesischen Suchmaschinenmarkt dominiert.
An der NASDAQ fiel der Kurs von Baidu gestern um 6,7 Prozent auf 128,77 US-Dollar. Seit Wochenbeginn summieren sich die Verluste bereits auf über 14 Prozent.
Lesen Sie zu diesem Thema auch den Beitrag "Baidu kann Quartalsgewinn fast verdoppeln" auf www.emfis.de .
Piper Jaffray & Co. stuft Baidu auf overweight
17.08.2011, 16:08
Minneapolis (aktiencheck.de AG) - Gene Munster, Analyst von Piper Jaffray, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "overweight" ein und bestätigt das Kursziel von 217,00 USD.
Die Nachrichten von CCTV im Hinblick auf betrügerische Webseiten unter den Listings dürften die Geschäftsentwicklung von BAIDU.COM unter dem Strich nicht in bedeutendem Umfang belasten. Signifikante neue Informationen habe es durch den jüngsten Bericht nicht gegeben.
Bis 2014 dürfte das Unternehmen zweistellige Zuwachsraten beim Umsatz erzielen. Wenn man Parallelen zur Vergangenheit von Google (ISIN US38259P5089/ WKN A0B7FY) ziehe, komme die Vermutung auf, dass der Umsatz von BAIDU.COM in drei Jahren 3,5 mal so hoch sein könnte wie im laufenden Geschäftsjahr. In 2011 werde der Umsatz auf 2,17 Mrd. USD geschätzt und das Ergebnis je Aktie auf 2,94 USD.
Vor diesem Hintergrund lautet die Einschätzung der Analysten von Piper Jaffray für die Aktie von BAIDU.COM weiterhin "overweight". (Analyse vom 16.08.11)17.08.2011/ac/a/a)
Nomura stuft Baidu auf buy
18.08.2011, 15:14
London (aktiencheck.de AG) - Der Analyst von Nomura Equity Research, Jin Yoon, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) weiterhin mit dem Rating "buy" ein. Das Kursziel werde nach wie vor bei 200,00 USD gesehen. (Analyse vom 17.08.2011) (18.08.2011/ac/a/u)
17.08.2011, 16:08
Minneapolis (aktiencheck.de AG) - Gene Munster, Analyst von Piper Jaffray, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "overweight" ein und bestätigt das Kursziel von 217,00 USD.
Die Nachrichten von CCTV im Hinblick auf betrügerische Webseiten unter den Listings dürften die Geschäftsentwicklung von BAIDU.COM unter dem Strich nicht in bedeutendem Umfang belasten. Signifikante neue Informationen habe es durch den jüngsten Bericht nicht gegeben.
Bis 2014 dürfte das Unternehmen zweistellige Zuwachsraten beim Umsatz erzielen. Wenn man Parallelen zur Vergangenheit von Google (ISIN US38259P5089/ WKN A0B7FY) ziehe, komme die Vermutung auf, dass der Umsatz von BAIDU.COM in drei Jahren 3,5 mal so hoch sein könnte wie im laufenden Geschäftsjahr. In 2011 werde der Umsatz auf 2,17 Mrd. USD geschätzt und das Ergebnis je Aktie auf 2,94 USD.
Vor diesem Hintergrund lautet die Einschätzung der Analysten von Piper Jaffray für die Aktie von BAIDU.COM weiterhin "overweight". (Analyse vom 16.08.11)17.08.2011/ac/a/a)
Nomura stuft Baidu auf buy
18.08.2011, 15:14
London (aktiencheck.de AG) - Der Analyst von Nomura Equity Research, Jin Yoon, stuft die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) weiterhin mit dem Rating "buy" ein. Das Kursziel werde nach wie vor bei 200,00 USD gesehen. (Analyse vom 17.08.2011) (18.08.2011/ac/a/u)
Tja, wie verhält man sich am besten. Wird die Regierung Baidu wirklich ernsthaft ans Bein pinkeln, oder ist
es nur Säbelrasseln?
Could Baidu Get Blown Up?
http://www.fool.com/investing/general/2011/08/25/could-baidu…
Tim Hanson
August 25, 2011
Imagine you own a business in China. Now imagine that the Chinese government starts running high-profile stories in their media about how you're defrauding your customers, enabling the sale of potentially dangerous pharmaceuticals, and slandering respected academics. Would you be concerned?
I'm guessing you would be, and rightfully so. Companies that attract the wrath of the government in China don't tend to do so well, whether we're talking about Google (Nasdaq: GOOG ) refusing to play ball on Internet censorship, or Sanlu Group putting melamine in its milk. Google has left the market and given up significant market share, while Sanlu went effectively bankrupt -- and there are many more examples.
This is the worst-case scenario facing Baidu (Nasdaq: BIDU ) owners today. Following the aforementioned barrage of criticism on China's government-run CCTV last week, Baidu ultimately took to the airwaves itself and, effectively admitting guilt, apologized.
A sign of things to come
Not long ago in this column, I admitted I was wrong about Baidu. Rather than rest on its laurels after Google's exit from China's massive search market, the company has doubled down on innovation and aggressively grabbed market share. Its chunk of the Chinese search market now sits north of 75%. With its search algorithm only getting smarter, and the company devising more and better ways to attract and then monetize traffic, Baidu was starting to look like an investing home run.
But I should have known that success is never that easy in China.
To understand why, let's remember how and why the Chinese government controls the flow of information in the country.
A brief history of censorship
One of the hallmarks of China's communist government is that it controls nearly all of the country's media outlets. Whether in print, on television, or over the radio, the government owns and operates the No. 1 player in each space. Furthermore, to the extent that independent media exists, it must self-censor in accordance with the government's policies. Failure to do so could result in the revocation of a media outlet's operating license, or worse.
There is, however, no explicit list of taboo subjects in China. While it's well-known that the publication of a Tianamen Square expose or pornography would be verboten, the fact that China's review system is fluid and after-the-fact means that many outlets are even more conservative than they might otherwise have to be. This all plays in the government's favor. A press that doesn't challenge the government means a greater likelihood for stability -- or social harmony, as China's government likes to call it.
Truly disruptive innovation
Yet the Chinese government has found it increasingly hard to keep tabs on the Internet. Because of its user-generated content, lack of a fixed publishing schedule, and the sheer breadth of websites and information, readers, writers, and publishers are getting away with more now than at any other time in China's history. The reactions on Sina's (Nasdaq: SINA ) domestic microblogging platform Weibo to events such as the recent high-speed rail accident, for example, have been very frank.
This doesn't mean the Internet is open, of course. Many popular foreign websites, including Facebook and Twitter, are blocked in the country, and recent coverage of the brawl that marred a goodwill basketball game between the Bayi Rockets and the Georgetown Hoyas has all but disappeared. But the Internet in China is not the wasteland of absurdity that something like The Global Times, a new English-language state-run Chinese newspaper, is.
For the government, this is a concern. Information is power, and there's enough wrong with the Chinese government (notably, local corruption and abuse of power) to ensure that open, fair, and balanced coverage on the Internet would produce more than a few upset and mobilized citizens. And that might not be the only reason the government is wary. If our experience in U.S. private media is any guide, then the government is losing billions of dollars of advertising revenue from the traditional media it owns to the new media it does not.
When a company undermines the Chinese government's power and hits it in the wallet, expect the state to fight back.
The opening shots of a Chinese civil war?
This is why I believe the recent CCTV campaign may be only the start of a broader effort by the Chinese government to start tilting public opinion against Baidu, in order to enable the government to prosecute the company under the country's anti-monoply law. See, Baidu is currently a beacon of hope for China's tech sector. Not only did it oust foreigner Google, but it's also considered one of the best and most prestigious companies to work for in China. If the Chinese government were to crack down now, it would trigger a likely acrimonious public reaction.
But if the government can demonstrate to the majority of Chinese (and remember that the majority are not online, and therefore not using Baidu) that Baidu is abusing its position and disrupting social harmony, it can make legal action more palatable. That action becomes even more palatable from there if the government makes the case that Baidu is actually a foreign company.
Sound ridiculous? While Baidu is based in Beijing and was founded by and employs Chinese citizens, its ownership is foreign. The top holders other than CEO Robin Li are Baillie Gifford & Co., T. Rowe Price, Fidelity, and Marisco. In fact, because Baidu isn't listed in China, Chinese citizens can't actually own the stock. In other words, if the government crushes the company, it won't affect Chinese investors -- an important point to note.
What happens next
A reading of China's anti-monopoly law shows that it could easily apply to Baidu. Among other things, the law defines monopolistic conduct as "abuse of dominant market positions by business operators" and dominant market condition when "the relevant market share of a business operator accounts for 1/2 or above in the relevant market."
Defrauding customers could easily constitute "abuse," and a 75% or higher share is clearly greater than 50%.
What happens from there? That's where this situation gets interesting. Potential penalties include a fine of up to 10% of the company's previous-year revenue (a relatively immaterial $120 million for Baidu) or, more ominously, an order to "dispose or shares or assets, transfer the business or take other necessary measures to restore the market situation."
Given that the government has recently launched three of its own search engines, including one with China Mobile (NYSE: CHL ) and one with CCTV, I fear that Baidu could be forced to share its intellectual property -- its critical algorithm -- with competitors in order to restore normalcy in the eyes of regulators. Without a similarly effective actual search engine, no government-run enterprise would ever be able to compete.
The global view
Is the Chinese government willing to go after its own tech sector and slow the country's development in the name of cash and control? The answer to that question depends on how cynical or perhaps even paranoid you are, but it's no surprise that Baidu is apologizing. There's no winning a fight with the Chinese government.
As for foreign investors who have made a lot of money alongside Baidu, if I were one of you (and I wish I were), I would be thinking about using options or some other strategy to protect my gains in the face of this risk. While I admit that the government would be short-sighted and even stupid to declare war on its own economy to preserve its power -- well, I'll leave it there.[/red]
Baidu: Limited Upside, Unlimited Downside
by: Dr. Osman Gulseven August 31, 2011
Baidu, Inc. (BIDU) is a Chinese web services company which operates one of the world’s leading search engines. Beijing-headquartered Baidu, a.k.a. the Google of China, provides an index of more than 750 million web pages, 10 million multimedia files, and 80 million images. The company greatly benefited from Google’s (GOOG) decision to exit a Chinese market, becoming an almost monopoly with no serious competitor left in the market.
As of August 30, Baidu stock was trading at $148 with a 52-week range of $76.04-165.96. It has a market cap of $51.8 billion. Trailing 12 month P/E ratio is 64,9 and forward P/E ratio is 34.2. P/B, P/S, and P/CF ratios stand at 29.6, 31.4, and 70.4, respectively. The three-year annualized revenue and EPS growth stand at 65.6% and 77.3%, respectively. Operating margin is 52.2% and net profit margin is 46.5%. The company has a low debt-to-equity ratio of 0.02. Baidu does not have a dividend policy.
Baidu has only two star ratings from Morningstar. While its trailing P/E ratio is 64.9, it has a five-year average P/E ratio of 83.1. Although it is a high-flier, out of 35 analysts covering the company, 27 have buy, four have outperform, three have hold, and one has underperform ratings. Wall Street has diverse opinions on Baidu’s future. The bottom line is 27.9% growth, whereas the top-line growth estimate is 84.1%. Average five-year annualized growth forecast estimate is 41.7%.
What is the fair value of Baidu given the forecast estimates? In this article, the 14th in a never-ending series, I will show a step-by-step calculation of Baidu’s fair value using discounted earnings plus equity model.
Discounted Earnings Plus Equity Model
This model is primarily used for estimating the returns from long-term projects. It is also frequently used to price fair-valued IPOs. The methodology is based on discounting the present value of the future earnings to the current period:
V = E0 + E1 /(1+r) + E2 /(1+r)2 + E3/(1+r)3 + E4/(1+r)4 + E5/(1+r)5 + Disposal Value
V = E0 + E0 (1+g)/(1+r) + E0(1+g)2/(1+r)2 + … + E0(1+g)5/(1+r)5 + E0(1+g)5/[r(1+r)5]
The earnings after the last period act as a perpetuity that creates regular earnings:
Disposal Value = D = E0(1+g)5/[r(1+r)5] = E5 / r
While this formula might look scary for many of us, it easily calculates the fair value of a stock. All we need is the current-period earnings, earnings growth estimate, and the discount rate. To be as objective as possible, I use Morningstar data for my estimates. You can set these parameters as you wish, according to your own diligence.
Baidu’s Valuation
Historically, the average return of the DJI has been around 11% (including dividends). Therefore, I will use 11% as my discount rate. Since we are in the middle of the year, it will be more feasible to take the average of ttm EPS of $2.20 along with the mean estimate of $4.32 for the next year.
E0 = EPS = ($2.20+ $4.32) / 2 = $3.26
Wall Street holds diversified opinions on Baidu’s future. While analysts tend to impose subjective opinions on their estimates, the average analyst estimate is a good starting point. Average five-year growth forecast is 41.7%. Book value per share is $5.01.
The rest is as follows:
Fair Value Estimator
V0
E0
$3.26
V1
E0 (1+g)/(1+r)
$4.16
V2
E0((1+g)/(1+r))2
$5.31
V3
E0((1+g)/(1+r))3
$6.78
V4
E0((1+g)/(1+r))4
$8.66
V5
E0((1+g)/(1+r))5
$11.05
D
E0(1+g)5/[r(1+r)5]
$100.48
BV
Equals
$5.01
Fair Value Range
Lower Boundary
$139.70
Upper Boundary
$144.71
Potential
-2.22%
I decided to add the book value per share so that we can distinguish between a low-debt and debt-loaded company. The lower boundary does not include the book value. According to my five-year discounted-earnings-plus-book-value model, the fair-value range for Baidu is between $139.7 and $144.71 per share.
As of Aug 30, Baidu was trading at a price of $148 with a 52-week range of $76.04-165.96. I see substantial growth potential in Baidu. However, the market has already priced this potential. The current price of $148 indicates that the stock is overvalued. Based on my FED+ fair value estimate, Baidu is trading almost 10% higher than my fair-value range. There is also a very high possibility that the growth rate might be lower than analyst estimates. Besides it has an extremely high P/B ratio of 29.6.
O – Metrix Confirmation
If the math above looks too complicated for you, try estimating the fair value using the O-Metrix as such:
O-Metrix = [(Dividend Yield + Growth Estimate) / (P/E Ratio)] * 5
· Dividend Yield: Higher is better.
· EPS Growth: Higher is better.
· P/E Ratio: Lower is better.
The back-testing of this valuation technique on 40 large-caps shows that O-Metrix works very well over the long-term, such as five years. I am also continuously checking on specific sectors, and the formula works very well so far.
What is the O-Metrix Score?
* Baidu does not have a dividend policy. Therefore, the yield is 0.
* Growth estimate is the same as the discounted earnings model and is equal to 41.70%.
* Since we are at the middle of the year, taking the average of ttm (64.9) and forward (34.2) P/E ratios will smooth the results. Thus, the average P/E ratio to be used in the model is 49.55.
O-Metrix = [(41.70 + 0) / (49.55)] * 5 = 4.21
Depending on the benchmark chosen, the market has an O-Metrix score range between 4 and 5. Baidu's O-Metrix score of 4.21 is on the lower-end of market’s fair-value range. Back-testing of this ranking system shows that companies with higher-than-average O-Metrix scores beat the market with lower volatility. At a price of $148, the company is trading within the C-Grade, average-return zone.
[Click to enlarge]
Baidu’s stock has always been priced at a premium due to its high growth potential. The average P/E ratio in the last five years was 83.1. The stock is trading with a sky-high P/E ratio of 64.9, and a forward P/E ratio of 34.2. In the last five years annualized EPS growth was 132.51%. However, with a market cap of $51.8 billion, I do not expect the growth to keep its pace. Even if it does, this has already been priced by the market.
As of Aug. 30, Baidu was trading at $148 with a 52-week range of $76.04-165.96, higher than my fair-value range of $139.70-144.71. Its price to book ratio of 29.6 is well-above the market. Its trailing price to sales ratio of 31.4 is also above the market. Analysts have very optimistic estimations. However, I think it is a high-risk investment to buy Baidu shares. There is a gap between $110-115 range which has yet to be filled. The stock returned almost 90% in a year. Maybe, it is the time to realize the profits while you can.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
by: Dr. Osman Gulseven August 31, 2011
Baidu, Inc. (BIDU) is a Chinese web services company which operates one of the world’s leading search engines. Beijing-headquartered Baidu, a.k.a. the Google of China, provides an index of more than 750 million web pages, 10 million multimedia files, and 80 million images. The company greatly benefited from Google’s (GOOG) decision to exit a Chinese market, becoming an almost monopoly with no serious competitor left in the market.
As of August 30, Baidu stock was trading at $148 with a 52-week range of $76.04-165.96. It has a market cap of $51.8 billion. Trailing 12 month P/E ratio is 64,9 and forward P/E ratio is 34.2. P/B, P/S, and P/CF ratios stand at 29.6, 31.4, and 70.4, respectively. The three-year annualized revenue and EPS growth stand at 65.6% and 77.3%, respectively. Operating margin is 52.2% and net profit margin is 46.5%. The company has a low debt-to-equity ratio of 0.02. Baidu does not have a dividend policy.
Baidu has only two star ratings from Morningstar. While its trailing P/E ratio is 64.9, it has a five-year average P/E ratio of 83.1. Although it is a high-flier, out of 35 analysts covering the company, 27 have buy, four have outperform, three have hold, and one has underperform ratings. Wall Street has diverse opinions on Baidu’s future. The bottom line is 27.9% growth, whereas the top-line growth estimate is 84.1%. Average five-year annualized growth forecast estimate is 41.7%.
What is the fair value of Baidu given the forecast estimates? In this article, the 14th in a never-ending series, I will show a step-by-step calculation of Baidu’s fair value using discounted earnings plus equity model.
Discounted Earnings Plus Equity Model
This model is primarily used for estimating the returns from long-term projects. It is also frequently used to price fair-valued IPOs. The methodology is based on discounting the present value of the future earnings to the current period:
V = E0 + E1 /(1+r) + E2 /(1+r)2 + E3/(1+r)3 + E4/(1+r)4 + E5/(1+r)5 + Disposal Value
V = E0 + E0 (1+g)/(1+r) + E0(1+g)2/(1+r)2 + … + E0(1+g)5/(1+r)5 + E0(1+g)5/[r(1+r)5]
The earnings after the last period act as a perpetuity that creates regular earnings:
Disposal Value = D = E0(1+g)5/[r(1+r)5] = E5 / r
While this formula might look scary for many of us, it easily calculates the fair value of a stock. All we need is the current-period earnings, earnings growth estimate, and the discount rate. To be as objective as possible, I use Morningstar data for my estimates. You can set these parameters as you wish, according to your own diligence.
Baidu’s Valuation
Historically, the average return of the DJI has been around 11% (including dividends). Therefore, I will use 11% as my discount rate. Since we are in the middle of the year, it will be more feasible to take the average of ttm EPS of $2.20 along with the mean estimate of $4.32 for the next year.
E0 = EPS = ($2.20+ $4.32) / 2 = $3.26
Wall Street holds diversified opinions on Baidu’s future. While analysts tend to impose subjective opinions on their estimates, the average analyst estimate is a good starting point. Average five-year growth forecast is 41.7%. Book value per share is $5.01.
The rest is as follows:
Fair Value Estimator
V0
E0
$3.26
V1
E0 (1+g)/(1+r)
$4.16
V2
E0((1+g)/(1+r))2
$5.31
V3
E0((1+g)/(1+r))3
$6.78
V4
E0((1+g)/(1+r))4
$8.66
V5
E0((1+g)/(1+r))5
$11.05
D
E0(1+g)5/[r(1+r)5]
$100.48
BV
Equals
$5.01
Fair Value Range
Lower Boundary
$139.70
Upper Boundary
$144.71
Potential
-2.22%
I decided to add the book value per share so that we can distinguish between a low-debt and debt-loaded company. The lower boundary does not include the book value. According to my five-year discounted-earnings-plus-book-value model, the fair-value range for Baidu is between $139.7 and $144.71 per share.
As of Aug 30, Baidu was trading at a price of $148 with a 52-week range of $76.04-165.96. I see substantial growth potential in Baidu. However, the market has already priced this potential. The current price of $148 indicates that the stock is overvalued. Based on my FED+ fair value estimate, Baidu is trading almost 10% higher than my fair-value range. There is also a very high possibility that the growth rate might be lower than analyst estimates. Besides it has an extremely high P/B ratio of 29.6.
O – Metrix Confirmation
If the math above looks too complicated for you, try estimating the fair value using the O-Metrix as such:
O-Metrix = [(Dividend Yield + Growth Estimate) / (P/E Ratio)] * 5
· Dividend Yield: Higher is better.
· EPS Growth: Higher is better.
· P/E Ratio: Lower is better.
The back-testing of this valuation technique on 40 large-caps shows that O-Metrix works very well over the long-term, such as five years. I am also continuously checking on specific sectors, and the formula works very well so far.
What is the O-Metrix Score?
* Baidu does not have a dividend policy. Therefore, the yield is 0.
* Growth estimate is the same as the discounted earnings model and is equal to 41.70%.
* Since we are at the middle of the year, taking the average of ttm (64.9) and forward (34.2) P/E ratios will smooth the results. Thus, the average P/E ratio to be used in the model is 49.55.
O-Metrix = [(41.70 + 0) / (49.55)] * 5 = 4.21
Depending on the benchmark chosen, the market has an O-Metrix score range between 4 and 5. Baidu's O-Metrix score of 4.21 is on the lower-end of market’s fair-value range. Back-testing of this ranking system shows that companies with higher-than-average O-Metrix scores beat the market with lower volatility. At a price of $148, the company is trading within the C-Grade, average-return zone.
[Click to enlarge]
Baidu’s stock has always been priced at a premium due to its high growth potential. The average P/E ratio in the last five years was 83.1. The stock is trading with a sky-high P/E ratio of 64.9, and a forward P/E ratio of 34.2. In the last five years annualized EPS growth was 132.51%. However, with a market cap of $51.8 billion, I do not expect the growth to keep its pace. Even if it does, this has already been priced by the market.
As of Aug. 30, Baidu was trading at $148 with a 52-week range of $76.04-165.96, higher than my fair-value range of $139.70-144.71. Its price to book ratio of 29.6 is well-above the market. Its trailing price to sales ratio of 31.4 is also above the market. Analysts have very optimistic estimations. However, I think it is a high-risk investment to buy Baidu shares. There is a gap between $110-115 range which has yet to be filled. The stock returned almost 90% in a year. Maybe, it is the time to realize the profits while you can.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Dell entwickelt Tablets und Smartphones für Baidu
Der chinesische Suchmaschinenriese Baidu startet mit einem eigenen mobilen Betriebssystem und gewinnt Dell als Partner für seine mobilen Endgeräte.
(06.09.2011, 08:35) Baidu, der führende Internetkonzern am chinesischen Suchmaschinenmarkt, veröffentlicht sein eigenes mobiles Betriebssystem, mit dem Namen Yi. Das mobile Betriebssystem ist an Googles Android angelehnt. Yi ist mit den direkten Service-Angeboten von Baidu verbunden. Zusätzlich geht das chinesische Unternehmen eine Partnerschaft mit dem PC-Hersteller Dell ein. Dell soll die Tablets und Smartphones für Baidu entwickeln.
Yi ist ein Handy-Betriebssystem basierend auf Android, doch es integriert direkt die Service-Angebote von Baidu. Dazu zählen Baidu-Mapping, ein eReader und auch Ting, ein Musik-Dienst von Baidu. Baidu hat bereits eine starke Präsenz auf Android-Geräten in China. Das Unternehmen hat einen Anteil von rund 80 Prozent am chinesischen Suchmaschinenmarkt und etwa 200 Millionen registrierte Nutzer.
Medienberichten zufolge konnte Baidu den amerikanischen Computer-Hersteller Dell als Partner gewinnen. Einen offiziellen Zeitplan, wann die ersten Geräte auf den Markt kommen sollen, gibt es noch nicht. Doch Gerüchten zufolge soll bereits im November das erste Tablet mit dem mobilen Betriebssystem von Baidu auf den Markt kommen.
Dell hat bereits länger Smartphones und Tablets am Markt, das Streak 5 Tablet. Es ist ein 5-Zoll-Tabletbasierend auf Android. Bei der IFA hat Dell auch ein 7 Zoll Streak Tablet mit Android 2.2 gezeigt. Eine Kooperation zwischen Baidu und Dell könnte ein ähnliches Produkt hervorbringen. Die beiden Unternehmen sind sich einig, auch gemeinsam Smartphones zu entwickeln.
Der chinesische Suchmaschinenriese Baidu startet mit einem eigenen mobilen Betriebssystem und gewinnt Dell als Partner für seine mobilen Endgeräte.
(06.09.2011, 08:35) Baidu, der führende Internetkonzern am chinesischen Suchmaschinenmarkt, veröffentlicht sein eigenes mobiles Betriebssystem, mit dem Namen Yi. Das mobile Betriebssystem ist an Googles Android angelehnt. Yi ist mit den direkten Service-Angeboten von Baidu verbunden. Zusätzlich geht das chinesische Unternehmen eine Partnerschaft mit dem PC-Hersteller Dell ein. Dell soll die Tablets und Smartphones für Baidu entwickeln.
Yi ist ein Handy-Betriebssystem basierend auf Android, doch es integriert direkt die Service-Angebote von Baidu. Dazu zählen Baidu-Mapping, ein eReader und auch Ting, ein Musik-Dienst von Baidu. Baidu hat bereits eine starke Präsenz auf Android-Geräten in China. Das Unternehmen hat einen Anteil von rund 80 Prozent am chinesischen Suchmaschinenmarkt und etwa 200 Millionen registrierte Nutzer.
Medienberichten zufolge konnte Baidu den amerikanischen Computer-Hersteller Dell als Partner gewinnen. Einen offiziellen Zeitplan, wann die ersten Geräte auf den Markt kommen sollen, gibt es noch nicht. Doch Gerüchten zufolge soll bereits im November das erste Tablet mit dem mobilen Betriebssystem von Baidu auf den Markt kommen.
Dell hat bereits länger Smartphones und Tablets am Markt, das Streak 5 Tablet. Es ist ein 5-Zoll-Tabletbasierend auf Android. Bei der IFA hat Dell auch ein 7 Zoll Streak Tablet mit Android 2.2 gezeigt. Eine Kooperation zwischen Baidu und Dell könnte ein ähnliches Produkt hervorbringen. Die beiden Unternehmen sind sich einig, auch gemeinsam Smartphones zu entwickeln.
SEPTEMBER 15, 2011, 2:23 P.M. ET
China Officials Meet With Baidu Chief
By LORETTA CHAO And OWEN FLETCHER
BEIJING—Chinese Internet-search company Baidu Inc. said Chief Executive Robin Li met recently with two senior Chinese officials, the latest in a series of high-level official visits with Web companies as the government tries to tighten control of the sector.
Meanwhile, Qunar.com Information Technology Co., a travel-search company of which Baidu owns a majority stake, said it planned to list its shares in the U.S. next year.
[BAIDU]
Baidu on Thursday said Chinese propaganda chief Li Changchun and Liu Qi, secretary of the Beijing Municipal Party Committee, visited a Baidu exhibition in Beijing on Sept. 5 to learn more about the company's business and to give "important instructions." Both officials are members of the Communist Party's Politburo, which is made up of the party's top 25 leaders. Baidu's CEO was at the exhibition, the company said.
The company said the propaganda chief encouraged Baidu to "continue growing and become stronger, winning honor for Chinese companies." Baidu has expressed interest in international expansion and offers services in Japanese, Thai and Arabic, in addition to Chinese.
A Baidu spokesman declined to provide further details on the visit.
Central-government officials couldn't be reached for comment.
The visits to Baidu and other companies this year underscore the government's growing anxiety over the explosive growth and spreading influence of the nation's Internet sector. Chinese Web companies are required to follow orders from authorities, including requirements to censor their content. Internet companies must walk a fine line, offering services that draw users without angering the central government.
In some cases, the executives' efforts veer into unusual displays of patriotism. Robin Li and other Chinese Internet executives traveled in June to the Shanghai site of the first meeting of the Chinese Communist Party, where they sang revolutionary songs and made speeches praising China's blend of socialism and free-market elements to help celebrate the 90th anniversary of the party's founding.
Last month, Mr. Liu visited online video company Youku.com Inc. and Web portal Sina Corp., which operates one of China's biggest Twitter-like microblogging services. According to state media, he told executives that Internet companies should "step up the application and management of new technology, and absolutely put an end" to "fake and misleading information," a term often to mean information not approved by Chinese authorities.
Tencent Holdings Ltd.—which operates China's most popular instant-messaging service, QQ, as well as a microblogging service and a games portal—said in July that China security chief and Politburo member Zhou Yongkang visited its offices. The company said also that Politburo member Liu Yandong and Tianjin Party Secretary Zhang Gaoli appeared at Tencent's Guangdong and Tianjin offices, respectively. Ms. Liu and Mr. Zhang are potential candidates for promotion to the Politburo Standing Committee, China's top decision-making body, in next year's once-a-decade leadership change.
During his visit, Mr. Zhou said "online virtual society's influence on real society is becoming bigger and bigger" and that "the government must strengthen oversight of it in accordance with the law." The visit included an inspection of an office set up by local Web police within the company, according to an article by state-run Xinhua news agency posted on Tencent's website.
Tencent's site quoted Mr. Zhou as saying that Internet companies "must strengthen industry self-discipline" and play a more proactive role in "upholding harmoniousness and stability."
Tencent spokeswoman Catherine Chan said the company often receives central-government officials at its offices. As for the company's cooperation with Shenzhen authorities, she said, "We have a responsibility to protect the security of virtual items on our platforms and will stay in touch with relevant departments to help resolve such user complaints."
Qunar's stock-market listing would come despite investor skittishness in light of market volatility and accounting worries involving some U.S.-listed Chinese companies. Qunar's ties with Baidu, long listed in the U.S., likely would bolster the offering, however.
A Qunar spokeswoman said details aren't yet available on Qunar's IPO plans. Baidu in June said it would make a $306 million investment in Qunar. It didn't specify the size of its stake but said the move made Baidu the company's majority shareholder. Baidu said Qunar would continue to operate as an independent company while cooperating with Baidu in travel-search services.
Write to Loretta Chao at loretta.chao@wsj.com and Owen Fletcher at owen.fletcher@dowjones.com
Read more: http://online.wsj.com/article/SB1000142405311190449170457657…
China Officials Meet With Baidu Chief
By LORETTA CHAO And OWEN FLETCHER
BEIJING—Chinese Internet-search company Baidu Inc. said Chief Executive Robin Li met recently with two senior Chinese officials, the latest in a series of high-level official visits with Web companies as the government tries to tighten control of the sector.
Meanwhile, Qunar.com Information Technology Co., a travel-search company of which Baidu owns a majority stake, said it planned to list its shares in the U.S. next year.
[BAIDU]
Baidu on Thursday said Chinese propaganda chief Li Changchun and Liu Qi, secretary of the Beijing Municipal Party Committee, visited a Baidu exhibition in Beijing on Sept. 5 to learn more about the company's business and to give "important instructions." Both officials are members of the Communist Party's Politburo, which is made up of the party's top 25 leaders. Baidu's CEO was at the exhibition, the company said.
The company said the propaganda chief encouraged Baidu to "continue growing and become stronger, winning honor for Chinese companies." Baidu has expressed interest in international expansion and offers services in Japanese, Thai and Arabic, in addition to Chinese.
A Baidu spokesman declined to provide further details on the visit.
Central-government officials couldn't be reached for comment.
The visits to Baidu and other companies this year underscore the government's growing anxiety over the explosive growth and spreading influence of the nation's Internet sector. Chinese Web companies are required to follow orders from authorities, including requirements to censor their content. Internet companies must walk a fine line, offering services that draw users without angering the central government.
In some cases, the executives' efforts veer into unusual displays of patriotism. Robin Li and other Chinese Internet executives traveled in June to the Shanghai site of the first meeting of the Chinese Communist Party, where they sang revolutionary songs and made speeches praising China's blend of socialism and free-market elements to help celebrate the 90th anniversary of the party's founding.
Last month, Mr. Liu visited online video company Youku.com Inc. and Web portal Sina Corp., which operates one of China's biggest Twitter-like microblogging services. According to state media, he told executives that Internet companies should "step up the application and management of new technology, and absolutely put an end" to "fake and misleading information," a term often to mean information not approved by Chinese authorities.
Tencent Holdings Ltd.—which operates China's most popular instant-messaging service, QQ, as well as a microblogging service and a games portal—said in July that China security chief and Politburo member Zhou Yongkang visited its offices. The company said also that Politburo member Liu Yandong and Tianjin Party Secretary Zhang Gaoli appeared at Tencent's Guangdong and Tianjin offices, respectively. Ms. Liu and Mr. Zhang are potential candidates for promotion to the Politburo Standing Committee, China's top decision-making body, in next year's once-a-decade leadership change.
During his visit, Mr. Zhou said "online virtual society's influence on real society is becoming bigger and bigger" and that "the government must strengthen oversight of it in accordance with the law." The visit included an inspection of an office set up by local Web police within the company, according to an article by state-run Xinhua news agency posted on Tencent's website.
Tencent's site quoted Mr. Zhou as saying that Internet companies "must strengthen industry self-discipline" and play a more proactive role in "upholding harmoniousness and stability."
Tencent spokeswoman Catherine Chan said the company often receives central-government officials at its offices. As for the company's cooperation with Shenzhen authorities, she said, "We have a responsibility to protect the security of virtual items on our platforms and will stay in touch with relevant departments to help resolve such user complaints."
Qunar's stock-market listing would come despite investor skittishness in light of market volatility and accounting worries involving some U.S.-listed Chinese companies. Qunar's ties with Baidu, long listed in the U.S., likely would bolster the offering, however.
A Qunar spokeswoman said details aren't yet available on Qunar's IPO plans. Baidu in June said it would make a $306 million investment in Qunar. It didn't specify the size of its stake but said the move made Baidu the company's majority shareholder. Baidu said Qunar would continue to operate as an independent company while cooperating with Baidu in travel-search services.
Write to Loretta Chao at loretta.chao@wsj.com and Owen Fletcher at owen.fletcher@dowjones.com
Read more: http://online.wsj.com/article/SB1000142405311190449170457657…
Na, sind die 150 US-Dollar wieder in Reichweite?
da sind sie schon...schöner Sprung heute..NEWS??
Antwort auf Beitrag Nr.: 42.111.493 von Trader20008 am 20.09.11 16:24:34Da läßt man die Sache 1/2 Std. aus den Augen, und schon schalten die die Schubumkehr ein.
Tsss... Tsss... Tsss...
Gruß
Karlll
Tsss... Tsss... Tsss...
Gruß
Karlll
was ist los warum 10 % minus....versteh ick nich mehr 
BAIDU - Hier wird kräftig abgeladen
von André Rain
Montag 26.09.2011, 16:21 Uhr
Rückblick: Die Baidu Aktie erreichte als einer der Outperformer am US Markt ein neues Allzeithoch bei 165,96 $ Ende Juli und startete eine Abwärtskorrektur. Nach einer ersten Abwärtswelle zum EMA200 (rot) kam es nochmals zu einer deutlichen Erholung.
Jetzt läuft die zweite Abwärtswelle, welche zum Bruch des EMA200 führt. Seit letzter Woche kommt starker Verkaufsdruck auf, so auch heute.
Charttechnischer Ausblick: Bei 110,00 - 114,00 $ findet die Baidu Aktie jetzt kurzfristig Unterstützung, von wo aus es zu einer kurzfristigen Erholung bis 125,00 - 129,00 $ kommen könnte. Letztlich sollten die Bären aber nicht unterschätzt werden, bei einem nachhaltigen Rückfall unter 110,00 $ droht sofort in weiterer Kursrutsch bis 95,12 $.
Erst oberhalb von 139,00 $ bekommen die Bullen wieder Rückenwind, dann könnte eine Kurserholung bis 156,04 und 165,96 $ eingeleitet werden.
von André Rain
Montag 26.09.2011, 16:21 Uhr
Rückblick: Die Baidu Aktie erreichte als einer der Outperformer am US Markt ein neues Allzeithoch bei 165,96 $ Ende Juli und startete eine Abwärtskorrektur. Nach einer ersten Abwärtswelle zum EMA200 (rot) kam es nochmals zu einer deutlichen Erholung.
Jetzt läuft die zweite Abwärtswelle, welche zum Bruch des EMA200 führt. Seit letzter Woche kommt starker Verkaufsdruck auf, so auch heute.
Charttechnischer Ausblick: Bei 110,00 - 114,00 $ findet die Baidu Aktie jetzt kurzfristig Unterstützung, von wo aus es zu einer kurzfristigen Erholung bis 125,00 - 129,00 $ kommen könnte. Letztlich sollten die Bären aber nicht unterschätzt werden, bei einem nachhaltigen Rückfall unter 110,00 $ droht sofort in weiterer Kursrutsch bis 95,12 $.
Erst oberhalb von 139,00 $ bekommen die Bullen wieder Rückenwind, dann könnte eine Kurserholung bis 156,04 und 165,96 $ eingeleitet werden.
Antwort auf Beitrag Nr.: 42.136.537 von Karlll am 26.09.11 18:09:47... und das Abladen geht weiter.
Hier wird ganz offensichtlich auf die Titel eingeprügelt, die in der Vergan-
genheit kräftig Speck angesetzt hatten.
Hier wird ganz offensichtlich auf die Titel eingeprügelt, die in der Vergan-
genheit kräftig Speck angesetzt hatten.
Nach dieser Meldung hatte ich es so interpretiert, daß insbesondere Sina
und Baidu betroffen seien.
Baidu Getting Crushed
By Jonathan Chen
Created 09/29/2011 - 2:14pm
Shares of Baidu.com, Inc. (NASDAQ: BIDU [2]) are getting killed today, down more than 12% on heavy volume.
The reason for this is that there is a probe from Department of Justice about potential accounting issues with the company, as well as Sina (NASDAQ: SINA [FREE Stock Trend Analysis] [3]).
At last check, shares of BIDU were off $14.61, a loss of $106.81 or 12.03% on 17 million shares. The average daily volume is just over 8 million shares.
Aber hiernach sind nicht einzelne Firmen speziell genannt:
KURSRUTSCH! – US-Behörden untersuchen chinesische Konzerne
Autor: EMFIS
30.09.2011, 09:49
Peking 30.09.2011 (www.emfis.de) Sino-Forest, Silvercorp und was kommt als nächstes? Nun hat sich auch das Justizministerium der Vereinigten Staaten die in den USA gelisteten chinesischen Konzerne vorgeknöpft. Die Kurse stürzten daraufhin ab.
In den Vereinigten Staaten schreckte gestern eine Meldung der Nachrichtenagentur Reuters die Marktteilnehmer auf. Nach Angaben der US-amerikanischen Börsenaufsicht Securities and Exchange Commission (SEC) hat das Justizministerium eine Untersuchung der Bilanzierungspraktiken von chinesischen Unternehmen eingeleitet.
Der bislang bekannteste Fall ist wohl der Skandal um den Waldplantagenbetreiber Sino-Forest, der in Toronto gelistet ist. Im Laufe dieser Affäre wurden auch andere China-Aktien in Sippenhaft genommen und verbuchten teilweise herbe Verluste, selbst wenn es bei ihnen keinerlei Hinweise auf Unregelmäßigkeiten gegeben hatte.
Etliche chinesische Konzerne hatten sich in den letzten Jahren dazu entschieden, ihren Börsengang in den USA durchzuführen, um ausländisches Kapital anzulocken. Vor allem Internet-Konzerne aus dem Reich der Mitte drängten zuletzt an die US-Börse.
Sowohl die SEC als auch das FBI untersuchen derzeit die Bilanzen dutzender chinesischer Unternehmen, nachdem Anfang dieses Jahres mehrere Rechnungsprüfer zurückgetreten sind oder Unregelmäßigkeiten in den Bilanzen aufgedeckt wurden. Jetzt wo sich auch das Justizministerium eingeschaltet hat, besteht die Gefahr, dass ihnen neben den zivilrechtlichen Klagen auch noch Strafanträge drohen.
Internet-Aktien brechen ein
Die Anleger beschäftigt nun die bange Frage, welche Unregelmäßigkeiten die Behörden bei ihren Untersuchungen wohl noch aufdecken werden. Sind die bislang bekannt gewordenen Fälle Ausnahmen, oder gibt es Hinweise darauf, dass die Mehrzahl der chinesischen Unternehmen kreative Buchhaltung betreibt? Etliche Anleger zogen gestern die Konsequenz aus dieser Gemengelage und trieben die Kurse etlicher chinesischer Werte durch Aktienverkäufe nach unten.
Insbesondere Internet-Werte traf es schwer: An der Börse New York brach der Kurs von Youku.com um 18,3 Prozent ein. Weitere Verlierer waren Tudou Holdings (- 10,2 Prozent), Sina Corp (- 9,7 Prozent) und Baidu (- 9,2 Prozent).
und Baidu betroffen seien.
Baidu Getting Crushed
By Jonathan Chen
Created 09/29/2011 - 2:14pm
Shares of Baidu.com, Inc. (NASDAQ: BIDU [2]) are getting killed today, down more than 12% on heavy volume.
The reason for this is that there is a probe from Department of Justice about potential accounting issues with the company, as well as Sina (NASDAQ: SINA [FREE Stock Trend Analysis] [3]).
At last check, shares of BIDU were off $14.61, a loss of $106.81 or 12.03% on 17 million shares. The average daily volume is just over 8 million shares.
Aber hiernach sind nicht einzelne Firmen speziell genannt:
KURSRUTSCH! – US-Behörden untersuchen chinesische Konzerne
Autor: EMFIS
30.09.2011, 09:49
Peking 30.09.2011 (www.emfis.de) Sino-Forest, Silvercorp und was kommt als nächstes? Nun hat sich auch das Justizministerium der Vereinigten Staaten die in den USA gelisteten chinesischen Konzerne vorgeknöpft. Die Kurse stürzten daraufhin ab.
In den Vereinigten Staaten schreckte gestern eine Meldung der Nachrichtenagentur Reuters die Marktteilnehmer auf. Nach Angaben der US-amerikanischen Börsenaufsicht Securities and Exchange Commission (SEC) hat das Justizministerium eine Untersuchung der Bilanzierungspraktiken von chinesischen Unternehmen eingeleitet.
Der bislang bekannteste Fall ist wohl der Skandal um den Waldplantagenbetreiber Sino-Forest, der in Toronto gelistet ist. Im Laufe dieser Affäre wurden auch andere China-Aktien in Sippenhaft genommen und verbuchten teilweise herbe Verluste, selbst wenn es bei ihnen keinerlei Hinweise auf Unregelmäßigkeiten gegeben hatte.
Etliche chinesische Konzerne hatten sich in den letzten Jahren dazu entschieden, ihren Börsengang in den USA durchzuführen, um ausländisches Kapital anzulocken. Vor allem Internet-Konzerne aus dem Reich der Mitte drängten zuletzt an die US-Börse.
Sowohl die SEC als auch das FBI untersuchen derzeit die Bilanzen dutzender chinesischer Unternehmen, nachdem Anfang dieses Jahres mehrere Rechnungsprüfer zurückgetreten sind oder Unregelmäßigkeiten in den Bilanzen aufgedeckt wurden. Jetzt wo sich auch das Justizministerium eingeschaltet hat, besteht die Gefahr, dass ihnen neben den zivilrechtlichen Klagen auch noch Strafanträge drohen.
Internet-Aktien brechen ein
Die Anleger beschäftigt nun die bange Frage, welche Unregelmäßigkeiten die Behörden bei ihren Untersuchungen wohl noch aufdecken werden. Sind die bislang bekannt gewordenen Fälle Ausnahmen, oder gibt es Hinweise darauf, dass die Mehrzahl der chinesischen Unternehmen kreative Buchhaltung betreibt? Etliche Anleger zogen gestern die Konsequenz aus dieser Gemengelage und trieben die Kurse etlicher chinesischer Werte durch Aktienverkäufe nach unten.
Insbesondere Internet-Werte traf es schwer: An der Börse New York brach der Kurs von Youku.com um 18,3 Prozent ein. Weitere Verlierer waren Tudou Holdings (- 10,2 Prozent), Sina Corp (- 9,7 Prozent) und Baidu (- 9,2 Prozent).
BIDU: S&P Ups To Strong Buy; A ‘Well-Established Company’
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) continue to trade down in the wake of yesterday’s reports the U.S. Department Of Justice has joined in an SEC and FBI probe of U.S.-listed Chinese ‘Net companies.
The shares are currently own $3.24, or 3%, at $107.12.
S&P’s Scott Kessler today urges investors not to be overly worried about the matter, and he raised his rating on Baidu from Buy to Strong Buy, even though he cut his price target to $150 from $200 on increased risk:
BIDU has lost roughly 1/3 of its market value since reporting Q2 results and providing Q3 guidance exceeding our forecast. We acknowledge uncertainties as to China’s economy/securities, but think BIDU reflects these issues. A senior China gov’t official was recently cited in an unconfirmed report from Xinhua News, indicating China has 500M+ users, and we think BIDU is a prime beneficiary, given its substantial search market share and emerging digital offerings.
Update: Kessler followed up by phone this afternoon in response to my request to discuss the report. His upgrade reflects the fact that although there’s less upside now, based on his lower price target, the certainty of the 40% upside that remains seems to him greater now given that the shares have lost a third of their value in the last three months.
Regarding the concerns about the Department of Justice, the SEC and the FBI, he thinks Baidu is less of a risk than the others in the China Net stocks group.
“I’ve been following this company for a number of years, and I’ve gained a certain degree of comfort with their financial reporting,” he says, when asked about the supposed matter of accounting irregularities in Chinese companies that is at the heart of the inquiry.
“This is a company that had a thorough, extensive road show a few years back,” says Kessler. “This is not a stock that is a product of a reverse merger. This is a well-established company”
Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) continue to trade down in the wake of yesterday’s reports the U.S. Department Of Justice has joined in an SEC and FBI probe of U.S.-listed Chinese ‘Net companies.
The shares are currently own $3.24, or 3%, at $107.12.
S&P’s Scott Kessler today urges investors not to be overly worried about the matter, and he raised his rating on Baidu from Buy to Strong Buy, even though he cut his price target to $150 from $200 on increased risk:
BIDU has lost roughly 1/3 of its market value since reporting Q2 results and providing Q3 guidance exceeding our forecast. We acknowledge uncertainties as to China’s economy/securities, but think BIDU reflects these issues. A senior China gov’t official was recently cited in an unconfirmed report from Xinhua News, indicating China has 500M+ users, and we think BIDU is a prime beneficiary, given its substantial search market share and emerging digital offerings.
Update: Kessler followed up by phone this afternoon in response to my request to discuss the report. His upgrade reflects the fact that although there’s less upside now, based on his lower price target, the certainty of the 40% upside that remains seems to him greater now given that the shares have lost a third of their value in the last three months.
Regarding the concerns about the Department of Justice, the SEC and the FBI, he thinks Baidu is less of a risk than the others in the China Net stocks group.
“I’ve been following this company for a number of years, and I’ve gained a certain degree of comfort with their financial reporting,” he says, when asked about the supposed matter of accounting irregularities in Chinese companies that is at the heart of the inquiry.
“This is a company that had a thorough, extensive road show a few years back,” says Kessler. “This is not a stock that is a product of a reverse merger. This is a well-established company”
Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved
eine bsolute Kurzschlußreaktion derzeit um Baidu...wir sehen ganz schnell wieder andere Kurse....
Google In China 2.0: New Strategy Avoids Censorship Showdown
Some 18 months after clashing with Beijing authorities, Google seems to have found a major new way to break through in China. Not only does it avoid web censorship dilemma, its new strategy opens an opportunity for Google to capture the booming online advertising market.
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Google HQ, Beijing (Cory M. Grenier) by: admin Google HQ, Beijing (Cory M. Grenier)
By Yang Yang
BEIJING - Last month, John Liu, Google’s vice-president, showed up at a high-profile press conference after an 18-month phase of both tremendous public pressure and behind-the-scenes legwork. He vigorously promoted Google’s advertising business and emphasized specifically that Google has passed its “ICP” licensing annual review that allows the U.S. search giant to operate in China.
What does all this mean?
A company insider says that basic Internet search functions will no longer be the core business of Google China. Instead, the Mountain View-based company will focus on building DoubleClick – an online “ad exchange” and a subsidiary of Google. And he predicts that DoubleClick will bring an even larger market than that of its search engine.
Google seems to have found its breakthrough China strategy. Not only does it avoid the Chinese web censorship, it opens an opportunity for Google to achieve explosive growth in the online advertising market.
For months rumors have circulated around the idea that “Google wants to return to China.” Liu refutes this: “Google has never left China….It has continued to provide music and translation services all through the past year… Our related business has also had significant progress.”
In 2010, Google China’s top 50 advertisers doubled their display advertising spending, and 97% of the top 100 advertisers placed display advertising, says Liu, adding that Google’s revenue from the Chinese market is rising every quarter.
Liu believes that over the next two to three years display advertising revenue will reach $200 billion, and its potential to generate revenue is greater than the search engine.
He is very optimistic about the advertising mainly coming from text ads, mobiles, rich media and video. The faith is founded on the fact that ad display currently generates 6 billion hits per day and covers 96% of Chinese internet users and counts some 100,000 partners.
As new technologies and new products arrive, the development of display advertising may find new traction.
Current display ads are already precise, traceable, measurable and interactive. In addition to the amounts of clicks and displays, other indicators include the level of interactivity and the length of viewing.
In 2008, Google paid $3.24 billion for DoubleClick, which it viewed as a “platform-level product.”
Zhou Jie, the founder and CEO of Lang Tao Jin Co., a web ad agency, reckons that Google China should focus in the future on promoting the DoubleClick business.
The ad platform’s success in the United States is its ability to allow advertisers to find the appropriate media for their products, and more accurately target their public. To a Chinese online market that is still finding its way, the DoubleClick platform is ever more strategic. And as long as the platform complies with China’s advertising laws, it doesn’t risk getting tied up with “content review” censorship.
John Liu pointed out that Google continues to provide search service in China for PC users. However, because of competition from other search engines, growth is gradually slowing down.
Still, it is the mobile Internet where growth is accelerating. Liu announced that Google China will incorporate the AdMob mobile terminal advertising system into its new unified system. That means an even greater market for Google is bound to be in mobile. Currently in the Chinese market, apart from Apple’s iPad, almost anything referred to as “pad” or “tablet” uses Google’s Android software. In addition to iPhone, the majority of smart phones are equipped with Android’s 2.2 version.
The Baidu factor
For Google, the choice to cut into the world’s biggest Internet market from a new entry point was also a reaction to market realities. In the face of its chief Chinese competitor, Baidu, which has absolute dominance among PC users, Liu pointed out that “Web ads cannot count merely on the traffic, but must focus more and more on the product’s technology. It won’t be enough to measure Google’s Chinese market in the future merely by looking at its market share and revenue, but by how much influence it has on the Chinese market.”
The last memory many have of Google in China is when the search giant pulled out of the Chinese market on the March 23, 2010 with a message from the U.S. company’s blog announcing it would stop the self-censorship of its search service. All users visiting that site were redirected to Google.com.hk from then on. This provided uncensored simplified Chinese search results.
The traffic on Google China has gone down significantly since then. According to the data of Analysis International, Google’s search engine share in China has declined from 24.2% a year ago to 18.9% for the second quarter of this year. Baidu continues to grow even further.
In addition, there were also the conflicts between Google and its Chinese agencies. Seven of which sued Google because it unilaterally broke their proxies. But Chiu says that’s all in the past, “Google’s dealer’s team is now very steady."
Wang Ying, the director of Google’s Online Partnerships Group of Greater China and Korea Region, said that Google is creating a unified advertising platform that incorporates the management systems of AdMob mobile and AdSense and DoubleClick for PC terminals.
Some 18 months after clashing with Beijing authorities, Google seems to have found a major new way to break through in China. Not only does it avoid web censorship dilemma, its new strategy opens an opportunity for Google to capture the booming online advertising market.
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Google HQ, Beijing (Cory M. Grenier) by: admin Google HQ, Beijing (Cory M. Grenier)
By Yang Yang
BEIJING - Last month, John Liu, Google’s vice-president, showed up at a high-profile press conference after an 18-month phase of both tremendous public pressure and behind-the-scenes legwork. He vigorously promoted Google’s advertising business and emphasized specifically that Google has passed its “ICP” licensing annual review that allows the U.S. search giant to operate in China.
What does all this mean?
A company insider says that basic Internet search functions will no longer be the core business of Google China. Instead, the Mountain View-based company will focus on building DoubleClick – an online “ad exchange” and a subsidiary of Google. And he predicts that DoubleClick will bring an even larger market than that of its search engine.
Google seems to have found its breakthrough China strategy. Not only does it avoid the Chinese web censorship, it opens an opportunity for Google to achieve explosive growth in the online advertising market.
For months rumors have circulated around the idea that “Google wants to return to China.” Liu refutes this: “Google has never left China….It has continued to provide music and translation services all through the past year… Our related business has also had significant progress.”
In 2010, Google China’s top 50 advertisers doubled their display advertising spending, and 97% of the top 100 advertisers placed display advertising, says Liu, adding that Google’s revenue from the Chinese market is rising every quarter.
Liu believes that over the next two to three years display advertising revenue will reach $200 billion, and its potential to generate revenue is greater than the search engine.
He is very optimistic about the advertising mainly coming from text ads, mobiles, rich media and video. The faith is founded on the fact that ad display currently generates 6 billion hits per day and covers 96% of Chinese internet users and counts some 100,000 partners.
As new technologies and new products arrive, the development of display advertising may find new traction.
Current display ads are already precise, traceable, measurable and interactive. In addition to the amounts of clicks and displays, other indicators include the level of interactivity and the length of viewing.
In 2008, Google paid $3.24 billion for DoubleClick, which it viewed as a “platform-level product.”
Zhou Jie, the founder and CEO of Lang Tao Jin Co., a web ad agency, reckons that Google China should focus in the future on promoting the DoubleClick business.
The ad platform’s success in the United States is its ability to allow advertisers to find the appropriate media for their products, and more accurately target their public. To a Chinese online market that is still finding its way, the DoubleClick platform is ever more strategic. And as long as the platform complies with China’s advertising laws, it doesn’t risk getting tied up with “content review” censorship.
John Liu pointed out that Google continues to provide search service in China for PC users. However, because of competition from other search engines, growth is gradually slowing down.
Still, it is the mobile Internet where growth is accelerating. Liu announced that Google China will incorporate the AdMob mobile terminal advertising system into its new unified system. That means an even greater market for Google is bound to be in mobile. Currently in the Chinese market, apart from Apple’s iPad, almost anything referred to as “pad” or “tablet” uses Google’s Android software. In addition to iPhone, the majority of smart phones are equipped with Android’s 2.2 version.
The Baidu factor
For Google, the choice to cut into the world’s biggest Internet market from a new entry point was also a reaction to market realities. In the face of its chief Chinese competitor, Baidu, which has absolute dominance among PC users, Liu pointed out that “Web ads cannot count merely on the traffic, but must focus more and more on the product’s technology. It won’t be enough to measure Google’s Chinese market in the future merely by looking at its market share and revenue, but by how much influence it has on the Chinese market.”
The last memory many have of Google in China is when the search giant pulled out of the Chinese market on the March 23, 2010 with a message from the U.S. company’s blog announcing it would stop the self-censorship of its search service. All users visiting that site were redirected to Google.com.hk from then on. This provided uncensored simplified Chinese search results.
The traffic on Google China has gone down significantly since then. According to the data of Analysis International, Google’s search engine share in China has declined from 24.2% a year ago to 18.9% for the second quarter of this year. Baidu continues to grow even further.
In addition, there were also the conflicts between Google and its Chinese agencies. Seven of which sued Google because it unilaterally broke their proxies. But Chiu says that’s all in the past, “Google’s dealer’s team is now very steady."
Wang Ying, the director of Google’s Online Partnerships Group of Greater China and Korea Region, said that Google is creating a unified advertising platform that incorporates the management systems of AdMob mobile and AdSense and DoubleClick for PC terminals.
Barclays Capital (BCS) Analysts Now Covering Baidu.com (BIDU) Stock
Posted by LUSA Staff on Oct 10th, 2011
Baidu.com logoEquities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Baidu.com (NASDAQ: BIDU) in a research note issued to investors on Monday. They set an “equal weight” rating on the stock.
Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Baidu.com from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 26th. They now have a $135.50 price target on the stock. Analysts at HSBC (NYSE: HBC) raised their price target on shares of Baidu.com from $181.00 to $195.00 in a research note to investors on Wednesday, July 27th. They now have an “overweight” rating on the stock. Also, analysts at ThinkEquity raised their price target on shares of Baidu.com to $200.00 in a research note to investors on Tuesday, July 26th. They now have a “buy” rating on the stock.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. The Company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China. It also conducts its operations in China through Baidu Netcom Science Technology Co., Ltd., which holds the licenses and approvals necessary to operate the Company’s Websites and provide online advertising services. The Company has launched a Japanese search service at www.baidu.jp, run by Baidu Japan. Its Japanese search services enable users to find relevant information online, including Web pages, images, multimedia files and blogs, through links provided on its Websites. Baidu offers a Chinese-language search platform on its Website www.baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images and multimedia files, through links provided on its Websites.
Shares of Baidu.com opened at 121.13 on Monday. Baidu.com has a 52 week low of $94.33 and a 52 week high of $165.96. The stock’s 50-day moving average is $135.4 and its 200-day moving average is $138.1. The company has a market cap of $42.267 billion and a price-to-earnings ratio of 54.11.
Posted by LUSA Staff on Oct 10th, 2011
Baidu.com logoEquities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Baidu.com (NASDAQ: BIDU) in a research note issued to investors on Monday. They set an “equal weight” rating on the stock.
Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Baidu.com from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 26th. They now have a $135.50 price target on the stock. Analysts at HSBC (NYSE: HBC) raised their price target on shares of Baidu.com from $181.00 to $195.00 in a research note to investors on Wednesday, July 27th. They now have an “overweight” rating on the stock. Also, analysts at ThinkEquity raised their price target on shares of Baidu.com to $200.00 in a research note to investors on Tuesday, July 26th. They now have a “buy” rating on the stock.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. The Company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China. It also conducts its operations in China through Baidu Netcom Science Technology Co., Ltd., which holds the licenses and approvals necessary to operate the Company’s Websites and provide online advertising services. The Company has launched a Japanese search service at www.baidu.jp, run by Baidu Japan. Its Japanese search services enable users to find relevant information online, including Web pages, images, multimedia files and blogs, through links provided on its Websites. Baidu offers a Chinese-language search platform on its Website www.baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images and multimedia files, through links provided on its Websites.
Shares of Baidu.com opened at 121.13 on Monday. Baidu.com has a 52 week low of $94.33 and a 52 week high of $165.96. The stock’s 50-day moving average is $135.4 and its 200-day moving average is $138.1. The company has a market cap of $42.267 billion and a price-to-earnings ratio of 54.11.
13.10.2011 | 14:03
Baidu to Report Third Quarter 2011 Financial Results on October 27, 2011
BEIJING, Oct. 13, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the third quarter ended September 30, 2011, after the U.S. market closes on October 27, 2011. Baidu''s management will hold an earnings conference call at 8:00 PM on October 27, 2011 U.S. Eastern Time (8:00 AM on October 28, 2011 Beijing/Hong Kong time).
Baidu to Report Third Quarter 2011 Financial Results on October 27, 2011
BEIJING, Oct. 13, 2011 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the third quarter ended September 30, 2011, after the U.S. market closes on October 27, 2011. Baidu''s management will hold an earnings conference call at 8:00 PM on October 27, 2011 U.S. Eastern Time (8:00 AM on October 28, 2011 Beijing/Hong Kong time).
Antwort auf Beitrag Nr.: 42.208.122 von Karlll am 13.10.11 14:45:34Na, dann haben die bestimmt in den letzten Tagen kräftig verkauft und jetzt
soll noch mal der finale Ausverkauf stattfinden, bevor man sich wieder kräftig
eindeckt.
20.10.2011 | 13:24
Goldman Sachs stuft Baidu.com bon buy auf neutral.
Goldman Sachs stuft Baidu.com bon buy auf neutral.
(© BörseGo AG 2011 - Autor: Tobias Krieg, Redakteur)
© 2011 BörseGo
soll noch mal der finale Ausverkauf stattfinden, bevor man sich wieder kräftig
eindeckt.
20.10.2011 | 13:24
Goldman Sachs stuft Baidu.com bon buy auf neutral.
Goldman Sachs stuft Baidu.com bon buy auf neutral.
(© BörseGo AG 2011 - Autor: Tobias Krieg, Redakteur)
© 2011 BörseGo
3 Things to Watch When Baidu Reports
China's leading search engine reports later this week.
updated 10/25/2011 9:10:01 PM ET
It's almost showtime for Baidu.com. China's leading search engine will be posting its third-quarter results tomorrow night.
Baidu has held up pretty well relative to its Chinese peers. The stock is off a bit since its all-time summertime highs, but Baidu investors are still up 33% this year. The shares had more than doubled last year, after more than tripling in 2009.
These beefy gains obviously accompany lofty expectations, so let's go over a few things that investors will want to be looking for to see which way the stock moves on Friday.
1. Look for another beat
Analysts are perpetually low-balling Baidu's projected profitability. Baidu has landed ahead of the pros on a quarterly basis for more than two years. Let's go over the past four quarters.
http://www.msnbc.msn.com/id/45049395/ns/business-motley_fool…
Wall Street may seem aggressive this time around, targeting a profit of $0.83 a share after last year's $0.45 a share third-quarter showing. However, until analysts prove that they have Baidu figured out, the better bet is on another beat.
There is little reason to expect otherwise. Despite all of the regulatory distractions in China, Baidu continues to pad its market share lead.
2. Check out the halo effect
What's good for Baidu will be seen as good for China's dot-com leaders. In other words, a strong outing by Baidu will likely lead to gains for Sohu.com -- even though it doesn't report until next week -- and SINA, which doesn't step up to the earnings stage until next month.
Some of the dot-com speedsters that have gone public over the past year -- including video website Youku.com, social networking leader Renren, and e-tailer Dangdang -- may also go along for the ride.
This is a two-way street, though. If Baidu disappoints or provides a gloomy outlook, these stocks will likely head lower.
3. Match the guidance to expectations
Chinese companies are understandably not as chatty as their Western counterparts. You won't hear Baidu bellyaching about the witch hunt by some shorts taking down some of China's smaller tech companies. You also won't hear Baidu complain about government officials cracking down on the free flow of online information. Baidu knows it has to play by China's rules.
However, Baidu has historically issued financial guidance for the new quarter. The company only provides a top-line outlook. I'll save you the trouble by pointing out that Wall Street's looking for $647 million in fourth-quarter revenue. If that estimate is on the low end of Baidu's range, it's a win for Baidu.
If you want to see where these Chinese stocks go from here, add them to My Watchlist to track news as it happens.
China's leading search engine reports later this week.
updated 10/25/2011 9:10:01 PM ET
It's almost showtime for Baidu.com. China's leading search engine will be posting its third-quarter results tomorrow night.
Baidu has held up pretty well relative to its Chinese peers. The stock is off a bit since its all-time summertime highs, but Baidu investors are still up 33% this year. The shares had more than doubled last year, after more than tripling in 2009.
These beefy gains obviously accompany lofty expectations, so let's go over a few things that investors will want to be looking for to see which way the stock moves on Friday.
1. Look for another beat
Analysts are perpetually low-balling Baidu's projected profitability. Baidu has landed ahead of the pros on a quarterly basis for more than two years. Let's go over the past four quarters.
http://www.msnbc.msn.com/id/45049395/ns/business-motley_fool…
Wall Street may seem aggressive this time around, targeting a profit of $0.83 a share after last year's $0.45 a share third-quarter showing. However, until analysts prove that they have Baidu figured out, the better bet is on another beat.
There is little reason to expect otherwise. Despite all of the regulatory distractions in China, Baidu continues to pad its market share lead.
2. Check out the halo effect
What's good for Baidu will be seen as good for China's dot-com leaders. In other words, a strong outing by Baidu will likely lead to gains for Sohu.com -- even though it doesn't report until next week -- and SINA, which doesn't step up to the earnings stage until next month.
Some of the dot-com speedsters that have gone public over the past year -- including video website Youku.com, social networking leader Renren, and e-tailer Dangdang -- may also go along for the ride.
This is a two-way street, though. If Baidu disappoints or provides a gloomy outlook, these stocks will likely head lower.
3. Match the guidance to expectations
Chinese companies are understandably not as chatty as their Western counterparts. You won't hear Baidu bellyaching about the witch hunt by some shorts taking down some of China's smaller tech companies. You also won't hear Baidu complain about government officials cracking down on the free flow of online information. Baidu knows it has to play by China's rules.
However, Baidu has historically issued financial guidance for the new quarter. The company only provides a top-line outlook. I'll save you the trouble by pointing out that Wall Street's looking for $647 million in fourth-quarter revenue. If that estimate is on the low end of Baidu's range, it's a win for Baidu.
If you want to see where these Chinese stocks go from here, add them to My Watchlist to track news as it happens.
Baidu: 3 Focal Points For Q3 Earnings
October 27, 2011
Baidu's (BIDU) upcoming 3Q11 earnings release has attracted a lot of attention in the market. The correct interpretation and analysis of the earnings results is critical in making the right investment decision. In this article, I suggest that investors focus on the following three points when reading Baidu's Q3 earnings announcement and listening to the conference call:
First, the revenue guidance for 4Q11. Revenue growth is the decisive element of Baidu's investment story. Historically, when Baidu reported earnings for any quarter, its next-quarter revenue guidance has heavily influenced the stock's next-day performance following earnings releases (Chart 1). To illustrate this, I would like to introduce the concept of "guidance beat," which is the percentage difference between next-quarter guidance and analysts' consensus estimate for next quarter. It can be described in this formula: Guidance Beat = (Next-Quarter Guidance) / (Analysts' Consensus for Next Quarter) -1. The Correlation Coefficient between BIDU's next-day performance and "guidance beat" is 0.5677, and the R-Squared is 0.3223, indicating next-quarter guidance has strong impact on next-day performance (Chart 1). The chart and statistics have confirms that investors are forward-looking when evaluating Baidu's quarterly earnings.
Second, management's follow-up to the key developments discussed in 2Q11 earnings call. During Q2 earnings conference call, management introduced Baidu's brand-new "Landing Page Strategy", and highlighted large advertisers and e-commerce as two areas showing significant growth in Q2. I expect Baidu to report positive trends on these three growth drivers during the earnings call. Such a positive expectation is currently the consensus among investors, based on my observations. Therefore, any negative comments made by management on these areas will surprise investors and push the stock lower the next day.
Third, new initiatives between Q2 and Q3 earnings announcements. During the earnings call, I expect Baidu's management to spend a lot of time discussing the recent launches of new homepages for Baidu.com and Hao123.com, China's largest Web directory. Baidu.com's new homepage is filled with customized modules and applications. Registered users can now access their favorite browser-based apps directly from Baidu.com. This represents a major change of design from simplicity to complexity.
The change to Hao123.com made it easier for users to find and access trending Web content. It was the first significant change to its homepage since its founding in 1999. It is well-known in the Internet industry that significant changes to a Website's homepage signals major strategic changes. Therefore, this move by Baidu will certainly become the single most important topic during the conference call.
In my view, Baidu's homepage changes show that the company has increasingly realized the value of being Internet users' default home page. As I pointed out in a previous article, Baidu's strategy is to make Baidu.com a place where users can not only search for information, but also accomplish a significant portion of their regular online activities. The ultimate goal is to insert Baidu.com as a layer between the users and their online activities, thus enhancing Baidu's control of the industry value chain.
Launching the new homepages, while considered a smart move by many investors, is actually a defensive move by Baidu in response to Tencent and Sina's social network-based platform strategy. Social networks have increasingly become the first stops for Internet users when they launch their browsers. I believe Baidu's latest defensive moves will not reverse this trend. Without owning a popular social networking service, Baidu will always play defense in the homepage battle.
Baidu should launch a Google+ type of social networking product, which is the key missing piece in Baidu's platform strategy. Considering the critical role Google+ plays in integrating all of Google's (GOOG) services, I believe a similar product will help Baidu integrate its loosely connected in-house products and third-party apps to create a truly powerful online platform. This is the real offensive move Baidu has to make, which is the best defense against Tencent (TCEHY.PK) and Sina (SINA).
October 27, 2011
Baidu's (BIDU) upcoming 3Q11 earnings release has attracted a lot of attention in the market. The correct interpretation and analysis of the earnings results is critical in making the right investment decision. In this article, I suggest that investors focus on the following three points when reading Baidu's Q3 earnings announcement and listening to the conference call:
First, the revenue guidance for 4Q11. Revenue growth is the decisive element of Baidu's investment story. Historically, when Baidu reported earnings for any quarter, its next-quarter revenue guidance has heavily influenced the stock's next-day performance following earnings releases (Chart 1). To illustrate this, I would like to introduce the concept of "guidance beat," which is the percentage difference between next-quarter guidance and analysts' consensus estimate for next quarter. It can be described in this formula: Guidance Beat = (Next-Quarter Guidance) / (Analysts' Consensus for Next Quarter) -1. The Correlation Coefficient between BIDU's next-day performance and "guidance beat" is 0.5677, and the R-Squared is 0.3223, indicating next-quarter guidance has strong impact on next-day performance (Chart 1). The chart and statistics have confirms that investors are forward-looking when evaluating Baidu's quarterly earnings.
Second, management's follow-up to the key developments discussed in 2Q11 earnings call. During Q2 earnings conference call, management introduced Baidu's brand-new "Landing Page Strategy", and highlighted large advertisers and e-commerce as two areas showing significant growth in Q2. I expect Baidu to report positive trends on these three growth drivers during the earnings call. Such a positive expectation is currently the consensus among investors, based on my observations. Therefore, any negative comments made by management on these areas will surprise investors and push the stock lower the next day.
Third, new initiatives between Q2 and Q3 earnings announcements. During the earnings call, I expect Baidu's management to spend a lot of time discussing the recent launches of new homepages for Baidu.com and Hao123.com, China's largest Web directory. Baidu.com's new homepage is filled with customized modules and applications. Registered users can now access their favorite browser-based apps directly from Baidu.com. This represents a major change of design from simplicity to complexity.
The change to Hao123.com made it easier for users to find and access trending Web content. It was the first significant change to its homepage since its founding in 1999. It is well-known in the Internet industry that significant changes to a Website's homepage signals major strategic changes. Therefore, this move by Baidu will certainly become the single most important topic during the conference call.
In my view, Baidu's homepage changes show that the company has increasingly realized the value of being Internet users' default home page. As I pointed out in a previous article, Baidu's strategy is to make Baidu.com a place where users can not only search for information, but also accomplish a significant portion of their regular online activities. The ultimate goal is to insert Baidu.com as a layer between the users and their online activities, thus enhancing Baidu's control of the industry value chain.
Launching the new homepages, while considered a smart move by many investors, is actually a defensive move by Baidu in response to Tencent and Sina's social network-based platform strategy. Social networks have increasingly become the first stops for Internet users when they launch their browsers. I believe Baidu's latest defensive moves will not reverse this trend. Without owning a popular social networking service, Baidu will always play defense in the homepage battle.
Baidu should launch a Google+ type of social networking product, which is the key missing piece in Baidu's platform strategy. Considering the critical role Google+ plays in integrating all of Google's (GOOG) services, I believe a similar product will help Baidu integrate its loosely connected in-house products and third-party apps to create a truly powerful online platform. This is the real offensive move Baidu has to make, which is the best defense against Tencent (TCEHY.PK) and Sina (SINA).
Baidu Q3 Profit Rises - Quick Facts
(RTTNews) - Baidu Inc. (BIDU) reported that its third-quarter net income attributable to the company was RMB1.882 billion or $295.0 million, a 79.8% increase from RMB 1.046 billion in the corresponding period in 2010. Earnings attributable to per ADS for the third quarter of 2011 were RMB5.38 or $0.84, up from RMB 3.00 last year.
Earnings attributable to per ADS , excluding share-based compensation expenses, for the third quarter of 2011 were RMB5.49 or $0.86. Analysts polled by Thomson Reuters expected the company to report earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues were RMB4.175 billion or $654.7 million for the third quarter of 2011, representing an 85.1% increase from the corresponding period in 2010. Seventeen analysts had consensus revenue estimate of $618.60 million for the quarter.
Traffic acquisition cost as a component of cost of revenues was $52.4 million, representing 8.0% of total revenues, as compared to 8.9% in the corresponding period in 2010.
Baidu currently expects to generate total revenues in an amount ranging from $691.4 million to $711.0 million for the fourth quarter of 2011, representing a 79.9% to 85.0% year-over-year increase. Seventeen analysts have consensus revenue estimate of $647.00 million for the fourth-quarte
(RTTNews) - Baidu Inc. (BIDU) reported that its third-quarter net income attributable to the company was RMB1.882 billion or $295.0 million, a 79.8% increase from RMB 1.046 billion in the corresponding period in 2010. Earnings attributable to per ADS for the third quarter of 2011 were RMB5.38 or $0.84, up from RMB 3.00 last year.
Earnings attributable to per ADS , excluding share-based compensation expenses, for the third quarter of 2011 were RMB5.49 or $0.86. Analysts polled by Thomson Reuters expected the company to report earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues were RMB4.175 billion or $654.7 million for the third quarter of 2011, representing an 85.1% increase from the corresponding period in 2010. Seventeen analysts had consensus revenue estimate of $618.60 million for the quarter.
Traffic acquisition cost as a component of cost of revenues was $52.4 million, representing 8.0% of total revenues, as compared to 8.9% in the corresponding period in 2010.
Baidu currently expects to generate total revenues in an amount ranging from $691.4 million to $711.0 million for the fourth quarter of 2011, representing a 79.9% to 85.0% year-over-year increase. Seventeen analysts have consensus revenue estimate of $647.00 million for the fourth-quarte
Nachbörslich geht es derzeit 8,4 % rauf.
QuartalszahlenChinas Suchmaschine Baidu steigert Gewinn um 80 Prozent
Der Google-Konkurrent aus Asien ist nicht zu stoppen. Mit immer neuen Diensten gewinnt der chinesische Anbieter Marktanteile. Das Potential ist riesig - denn der Internet-Werbemarkt im Reich der Mitte wächst schnell.
Logo des chinesischen Suchmaschinenbetreibers Baidu in Peking. Quelle: AP
Logo des chinesischen Suchmaschinenbetreibers Baidu in Peking. Quelle: AP
PekingDas chinesische Suchmaschinenunternehmen Baidu hat seinen Gewinn im abgelaufenen Quartal um fast 80 Prozent (79,8) steigern können. Der Gewinn lag demnach in den drei am 30. September zu Ende gegangenen Monaten bei 295 Millionen Dollar oder 84 Cent je Aktie. Der Umsatz stieg um 85,1 Prozent auf 654,7 Millionen Dollar.
Die Werbe-Ausgaben großer Kunden hätten die Erwartungen übertroffen, hieß es. Der Umsatz werde auch weiter deutlich siegen erklärte Baidu, die größte Suchmaschine Chinas. Im laufenden Quartal sei mit einer Steigerung um bis zu 85 Prozent im Vergleich zum Vorjahr zu rechnen, hieß es.
Baidu kontrollierte drei Viertel der Onlinesuche in China und kann entsprechend stark den Werbemarkt abschöpfen. Die Aussichten sind glänzend: Die Analysten von Susquehanna erwarten, dass der chinesische Online-Werbemarkt bis 2014 auf 13 Milliarden Dollar jährlich wächst. Konkurrenz ist kaum in Sicht: Google hat wegen der Zensur seine Aktivitäten in China heruntergefahren und kommt nur noch auf einen Marktanteil von 19 Prozent.
Internetgigant Die Tops und Flops von Google
Baidu hatte zuletzt neue Partnerschaften angekündigt. Auf der Musikplattform "Baidu Ting" sind bald Lieder von Studios wie Universal, Warner Brothers oder Sony Music zu hören - legal und von Baidu bezahlt. Auch für die Anzeige englischsprachiger Suchergebnisse hat sich ein prominenter Partner gefunden: Die Einträge in der Baidu-Ergebnisliste kommen von Microsofts Suchmaschine Bing. Zu den weiteren einheimischen Partnern von Baidu zählen die Reiseseite Qunar und das Gebrauchtwagenportal Bitauto.
Die gut gefüllte Investitionskasse will das Unternehmen für die weitere Expansion nutzen. Kürzlich hat Baidu bereits einen eigenen Web-Browser herausgebracht, der in China dem Internet-Explorer und Google-Chrome Konkurrenz macht. Den nächsten Schub an zusätzlichen Einnahmen soll eine Ausweitung der Kundenzahl für die sozialen Netze des Unternehmens bringen.
In China gibt es noch keinen dominierenden Anbieter von Sozialnetzdienstleistungen. Facebook ist in dem Land genauso gesperrt wie Youtube und Twitter. Die Spekulationen gehen in der Branche daher dahin, dass sich Facebook mit Baidu verbünden wird, um legalen Zugang zum potenziell größten Internetmarkt der Welt zu erhalten.
© 2011 Handelsblatt GmbH - ein Unternehmen der Verlagsgruppe Handelsblatt GmbH & Co. KG
Der Google-Konkurrent aus Asien ist nicht zu stoppen. Mit immer neuen Diensten gewinnt der chinesische Anbieter Marktanteile. Das Potential ist riesig - denn der Internet-Werbemarkt im Reich der Mitte wächst schnell.
Logo des chinesischen Suchmaschinenbetreibers Baidu in Peking. Quelle: AP
Logo des chinesischen Suchmaschinenbetreibers Baidu in Peking. Quelle: AP
PekingDas chinesische Suchmaschinenunternehmen Baidu hat seinen Gewinn im abgelaufenen Quartal um fast 80 Prozent (79,8) steigern können. Der Gewinn lag demnach in den drei am 30. September zu Ende gegangenen Monaten bei 295 Millionen Dollar oder 84 Cent je Aktie. Der Umsatz stieg um 85,1 Prozent auf 654,7 Millionen Dollar.
Die Werbe-Ausgaben großer Kunden hätten die Erwartungen übertroffen, hieß es. Der Umsatz werde auch weiter deutlich siegen erklärte Baidu, die größte Suchmaschine Chinas. Im laufenden Quartal sei mit einer Steigerung um bis zu 85 Prozent im Vergleich zum Vorjahr zu rechnen, hieß es.
Baidu kontrollierte drei Viertel der Onlinesuche in China und kann entsprechend stark den Werbemarkt abschöpfen. Die Aussichten sind glänzend: Die Analysten von Susquehanna erwarten, dass der chinesische Online-Werbemarkt bis 2014 auf 13 Milliarden Dollar jährlich wächst. Konkurrenz ist kaum in Sicht: Google hat wegen der Zensur seine Aktivitäten in China heruntergefahren und kommt nur noch auf einen Marktanteil von 19 Prozent.
Internetgigant Die Tops und Flops von Google
Baidu hatte zuletzt neue Partnerschaften angekündigt. Auf der Musikplattform "Baidu Ting" sind bald Lieder von Studios wie Universal, Warner Brothers oder Sony Music zu hören - legal und von Baidu bezahlt. Auch für die Anzeige englischsprachiger Suchergebnisse hat sich ein prominenter Partner gefunden: Die Einträge in der Baidu-Ergebnisliste kommen von Microsofts Suchmaschine Bing. Zu den weiteren einheimischen Partnern von Baidu zählen die Reiseseite Qunar und das Gebrauchtwagenportal Bitauto.
Die gut gefüllte Investitionskasse will das Unternehmen für die weitere Expansion nutzen. Kürzlich hat Baidu bereits einen eigenen Web-Browser herausgebracht, der in China dem Internet-Explorer und Google-Chrome Konkurrenz macht. Den nächsten Schub an zusätzlichen Einnahmen soll eine Ausweitung der Kundenzahl für die sozialen Netze des Unternehmens bringen.
In China gibt es noch keinen dominierenden Anbieter von Sozialnetzdienstleistungen. Facebook ist in dem Land genauso gesperrt wie Youtube und Twitter. Die Spekulationen gehen in der Branche daher dahin, dass sich Facebook mit Baidu verbünden wird, um legalen Zugang zum potenziell größten Internetmarkt der Welt zu erhalten.
© 2011 Handelsblatt GmbH - ein Unternehmen der Verlagsgruppe Handelsblatt GmbH & Co. KG
den Titel hier "BIDU crashed - dieses Jahr noch unter 30 US Dollar?"...den können wir doch getrost umbenennen...oder
Antwort auf Beitrag Nr.: 42.291.774 von ecki007 am 02.11.11 16:44:43Haste wahr von der Sache her, aber mir persönlich ist diese Konstellation
lieber als wenn es anders herum wäre.
Gruß
Karlll
lieber als wenn es anders herum wäre.
Gruß
Karlll
Baidu Explodes Again, in a Good Way
Keki Fatakia
November 8, 2011
Chinese Internet search provider Baidu.com (Nasdaq: BIDU ) came out with a stellar set of third-quarter numbers that exceeded Wall Street expectations. This is despite growing concerns of a deteriorating Chinese economy. Let's take a closer, Foolish look at how Baidu pulled this off.
Up, up, and away
Baidu's third-quarter net income skyrocketed by 85%, to $295 million. Total revenues for the company jumped by an equally astounding 85%, to $654.7 million, beyond even its own projected range of $611.1 million to $626.6 million.
Baidu's large customers significantly increased ad spending. Higher revenues also poured in from traditional industries such as the auto industry, which shifted from offline to online marketing. So much so that the company came out with an 8.6% sequential revenue growth forecast for the fourth quarter, far from the 4.8% analysts have been talking about.
But this should not be too surprising, as the fourth quarter usually sees heavy spending by online retailers. So it looks like the party is likely to continue through Q4.
What's Baidu been up to?
In September, Baidu renewed the look and feel of its home page to give users better access to external websites and applications.
Baidu has also been expanding its operations, investing in Qunar.com for travel-based content. The company also launched websites in languages including Thai and Arabic, and has also released smartphone software for Chinese users.
Baidu has been busy partnering with mobile-phone makers to make it the default search engine. So far this year, the company has managed to feature in 80% of branded mobile handsets using the Android operating system in China. Baidu had announced its new E-Mobile platform in the previous quarter. This platform aims at providing Baidu services to mobile users with a suite of products; it would enable users to access Baidu's search box, stream music via Baidu stream, use the location services of Baidu Maps, and use a host of other applications.
Going beyond Google
Baidu has certainly held onto its position as the dominant search engine in China from the time when Google (Nasdaq: GOOG ) decided to move its search engine to Hong Kong in 2010 due to a disagreement with the Chinese government over censorship issues. According to a research firm in Beijing, Baidu earned a 75.9% share of the revenue pie in the second quarter. Google was its closest competitor, with just 18.9% of revenues.
China's dot-com
China is the world's largest Internet market, with more than 450 million users. But the potential for growth is still there, with Internet penetration at approximately 30%.
Companies vying to cash in on this include Sohu.com (Nasdaq: SOHU ) , an online media, search, and gaming site; Youku.com (NYSE: YOKU ) , an online video content provider; and Renren (Nasdaq: RENN ) , China's own social-networking site.
Baidu faces competition from Chinese Internet players such as Tencent Holdings and Alibaba Group. Tencent recently announced that it is seeking more social games and e-commerce applications from third-party developers.
The Foolish bottom line
In spite of the so-called Chinese slowdown, Baidu has certainly made investors one big happy bunch, given the fact that it has whizzed passed Wall Street expectations for the past 10 quarters! With its stellar Q4 target, I feel that Baidu might pull yet another rabbit out of the hat.
The trend is your friend!!! ...und der ist seit dem 18.11.2011 NEGATIV
Warum?
Ich sag nur SEC durchforstet die Bilanzen!!!
Hier wird abgeladen Leute....zu Recht!
Antwort auf Beitrag Nr.: 42.385.870 von LeSmou am 22.11.11 20:35:46Übrigens sollte man sich die Eröffnungsverkäufe vom 18.-22.11.2011 anschauen. Über 1 MILLION wurde da abgeladen!!! Da sollten wohl die Alarmglocken klingeln!
Und kurz vor Toreschluss werden am heutigen Mittwoch kurz vor 22 Uhr nochmals richtig abgeladen. Dicke rote Balken.Aussichten: NEGATIV
Man bin ich gespannt wie Baidu heute eröffnet.Laut Internetseite reagiert diese Aktie sehr stark auf den Index und da wir in Deutschland schon 2 Tage lang fettes Minus hatten, bin ich doch mal gespannt was heute in Amerika passiert!
Mal schauen ob der NEGATIV-Trend anhält!
Antwort auf Beitrag Nr.: 42.398.633 von LeSmou am 25.11.11 11:52:14 Erwartungsgemäß geht nach unten!
Erwartungsgemäß geht nach unten!
Baidu und Alibaba erhalten 200 Mio. Yuan Subventionen, Alibaba brechen nach Zahlen ein
(shareribs.com) Shanghai 25.11.11 - Die chinesische Entwicklungs- und Reformkommission hat 15 chinesischen Unternehmen insgesamt 660 Mio. Yuan (103,1 Mio. USD) an Subventionen für die Entwicklung von Cloud Computing-Technologien ausgegeben. Zu den Empfängern der Mitteln gehören unter anderem der Suchmaschinenriese Baidu Inc und der Onlinehändler Alibaba Group.
Cloud Computing bezeichnet das Auslagern von Rechenkraft und Speicherplatz bei der elektronischen Datenverarbeitung auf externe Server. die US-Unternehmen Apple Amazon, Google und Microsoft bieten ihren Kunden bereits seit längerem die Möglichkeit, Daten auf den Servern der Unternehmen abzulegen.
Alibaba steigert Quartalsgewinn um 12 Prozent
Die in Hongkong gelistete Alibaba.com Ltd. hat heute mitgeteilt, im dritten Quartal einen Gewinnsprung von 12 Prozent auf 410 Mio. Yuan (64,03 Mio. USD) erwirtschaftet zu haben. Der Umsatz stieg im gleichen Zeitraum um 10,6 Prozent auf 1,6 Mrd. Yuan (250 Mio. USD).
Dabei verzeichnete das Unternehmen aber auch einen deutlich Anstieg der Kosten, die um 13 Prozent auf 936,5 Mio. Yuan (146,24 Mio. USD) stiegen. Darüber hinaus ist die Zahl der zahlenden Kunden sank um 3,4 Prozent und das Unternehmen geht davon aus, dass dieser Trend noch weiter anhalten könnte. Dies könnte einen kurzfristigen Effekt auf die finanzielle Entwicklung im kommenden Jahr haben, so Alibaba. Die Mitteilung hat dafür gesorgt, dass die Aktien von Alibaba.com in Hongkong heute den schwersten Tagesverlust seit mehr als zwei Jahren verzeichneten. Dennoch könnte der Gewinn im kommenden Jahr um 4,7 Prozent auf 1,79 Mrd. Yuan (281 Mio. USD) gesteigert werden, so das Unternehmen.
Alibaba.com brachen heute in Hongkong um 10,6 Prozent auf 7,94 HKD ein. Das Downgrade der Erwartungen hat dann auch prompt die Analysten auf den Plan gerufen, die ihre Kursziele und Rating für Alibaba.com nach unten korrigiert haben.
JP Morgan haben das Kursziel von 8,0 HKD auf 6,60 HKD nach unten korrigiert, das Rating bleibt „neutral“ . Morgan Stanley haben das Kursziel von 9,70 HKD auf 8,60 HKD gesenkt, die Aktie wird weiterhin mit „halten“ eingestuft. Nomura haben das Kursziel von 10,00 HKD auf 8,00 HKD gesenkt und das Rating für die Aktie von „halten“ auf „reduzieren“ gesenkt.
Quelle: shareribs.com, Autor: (
(shareribs.com) Shanghai 25.11.11 - Die chinesische Entwicklungs- und Reformkommission hat 15 chinesischen Unternehmen insgesamt 660 Mio. Yuan (103,1 Mio. USD) an Subventionen für die Entwicklung von Cloud Computing-Technologien ausgegeben. Zu den Empfängern der Mitteln gehören unter anderem der Suchmaschinenriese Baidu Inc und der Onlinehändler Alibaba Group.
Cloud Computing bezeichnet das Auslagern von Rechenkraft und Speicherplatz bei der elektronischen Datenverarbeitung auf externe Server. die US-Unternehmen Apple Amazon, Google und Microsoft bieten ihren Kunden bereits seit längerem die Möglichkeit, Daten auf den Servern der Unternehmen abzulegen.
Alibaba steigert Quartalsgewinn um 12 Prozent
Die in Hongkong gelistete Alibaba.com Ltd. hat heute mitgeteilt, im dritten Quartal einen Gewinnsprung von 12 Prozent auf 410 Mio. Yuan (64,03 Mio. USD) erwirtschaftet zu haben. Der Umsatz stieg im gleichen Zeitraum um 10,6 Prozent auf 1,6 Mrd. Yuan (250 Mio. USD).
Dabei verzeichnete das Unternehmen aber auch einen deutlich Anstieg der Kosten, die um 13 Prozent auf 936,5 Mio. Yuan (146,24 Mio. USD) stiegen. Darüber hinaus ist die Zahl der zahlenden Kunden sank um 3,4 Prozent und das Unternehmen geht davon aus, dass dieser Trend noch weiter anhalten könnte. Dies könnte einen kurzfristigen Effekt auf die finanzielle Entwicklung im kommenden Jahr haben, so Alibaba. Die Mitteilung hat dafür gesorgt, dass die Aktien von Alibaba.com in Hongkong heute den schwersten Tagesverlust seit mehr als zwei Jahren verzeichneten. Dennoch könnte der Gewinn im kommenden Jahr um 4,7 Prozent auf 1,79 Mrd. Yuan (281 Mio. USD) gesteigert werden, so das Unternehmen.
Alibaba.com brachen heute in Hongkong um 10,6 Prozent auf 7,94 HKD ein. Das Downgrade der Erwartungen hat dann auch prompt die Analysten auf den Plan gerufen, die ihre Kursziele und Rating für Alibaba.com nach unten korrigiert haben.
JP Morgan haben das Kursziel von 8,0 HKD auf 6,60 HKD nach unten korrigiert, das Rating bleibt „neutral“ . Morgan Stanley haben das Kursziel von 9,70 HKD auf 8,60 HKD gesenkt, die Aktie wird weiterhin mit „halten“ eingestuft. Nomura haben das Kursziel von 10,00 HKD auf 8,00 HKD gesenkt und das Rating für die Aktie von „halten“ auf „reduzieren“ gesenkt.
Quelle: shareribs.com, Autor: (
Baidu Restructures Mobile Internet Business
11/25/11
Chinese internet company Baidu (Nasdaq: BIDU) recently made a major adjustment to its mobile internet business, promoting the former mobile internet business division to the new mobile/cloud platform division, which will be overseen by VP for technology Wang Jin. The new division is divided into the cloud platform department, the mobile platforms department, the mobile products department, and mobile development department.
Li Mingyuan, former product VP for mobile browser developer UC Mobile, joined Baidu recently as senior director of the company's mobile products department, where he reports to Wang Jin. In 2007, Li was named Baidu's general manager of e-commerce business, where he oversaw the company's C2C e-commerce product. Li joined UC Mobile in 2010, where he was responsible mainly for the company's mobile SNS product UC Leyuan.
Former mobile internet business division GM Yue Guofeng confirmed to Tencent Tech that he had been appointed as the head of Baidu's mobile development department.
An industry insider revealed that the mobile products department would be responsible for a range of mobile internet applications. The mobile development department is responsible primarily for external partnerships, strategic planning, and reports on mobile internet data. The new cloud platforms department is responsible for related cloud computing services, while the mobile platforms department is in charge of core services including mobile services. Baidu has yet to confirm the description of the new departments.
11/25/11
Chinese internet company Baidu (Nasdaq: BIDU) recently made a major adjustment to its mobile internet business, promoting the former mobile internet business division to the new mobile/cloud platform division, which will be overseen by VP for technology Wang Jin. The new division is divided into the cloud platform department, the mobile platforms department, the mobile products department, and mobile development department.
Li Mingyuan, former product VP for mobile browser developer UC Mobile, joined Baidu recently as senior director of the company's mobile products department, where he reports to Wang Jin. In 2007, Li was named Baidu's general manager of e-commerce business, where he oversaw the company's C2C e-commerce product. Li joined UC Mobile in 2010, where he was responsible mainly for the company's mobile SNS product UC Leyuan.
Former mobile internet business division GM Yue Guofeng confirmed to Tencent Tech that he had been appointed as the head of Baidu's mobile development department.
An industry insider revealed that the mobile products department would be responsible for a range of mobile internet applications. The mobile development department is responsible primarily for external partnerships, strategic planning, and reports on mobile internet data. The new cloud platforms department is responsible for related cloud computing services, while the mobile platforms department is in charge of core services including mobile services. Baidu has yet to confirm the description of the new departments.
Nov 28 (Reuters) - China's largest search engine Baidu Inc said on Monday it will invest 3 billion yuan ($470.6 million) by the end of 2015 to help 2 million small- and medium-sized enterprises expand their businesses.
As part of the investment, Baidu will groom 100,000 search marketing professionals, help small- and medium-sized enterprises develop their service platforms, provide free marketing about less developed regions and help government departments in their research on business, Baidu said, confirming a Xinhua report issued late on Sunday.
China, with more than 485 million users, is the world's largest Internet market. Yet, with Internet penetration hovering around 36 percent and user sophistication outside the big cities still low, the potential for growth is huge.
In the third quarter, China's online search market grew 77.8 percent to 5.51 billion yuan. Baidu had a 77.7 percent share of the market, while Google had 18.3 percent, according to data from Beijing-based consultancy iResearch.
As part of the investment, Baidu will groom 100,000 search marketing professionals, help small- and medium-sized enterprises develop their service platforms, provide free marketing about less developed regions and help government departments in their research on business, Baidu said, confirming a Xinhua report issued late on Sunday.
China, with more than 485 million users, is the world's largest Internet market. Yet, with Internet penetration hovering around 36 percent and user sophistication outside the big cities still low, the potential for growth is huge.
In the third quarter, China's online search market grew 77.8 percent to 5.51 billion yuan. Baidu had a 77.7 percent share of the market, while Google had 18.3 percent, according to data from Beijing-based consultancy iResearch.
handa atmet auf - Baidu will Gebühren für e-Books verlangen
Peking 29.11.2010
Die Zeiten, in denen die User von Baidu kostenlos Literatur herunterladen konnten, sind voraussichtlich bald vorbei. Die Betreiber von Chinas führender Suchmaschine haben jetzt gelobt, in Zukunft Gebühren für den Download von Texten zu verlangen, die ein Copyright haben. Shanda Literature Ltd. hatte Baidu zu diesem Schritt gedrängt, um die massenhaften Urheberrechtverletzungen im Internet einzudämmen. Auf Shandas Qidian-Website müssen die Kunden für einen Roman im Schnitt einen Yuan zahlen. Shanda Literature, eine Tochtergesellschaft von Shanda Interactive Entertainment Ltd., gilt mit einem Marktanteil von über 80 Prozent als Chinas größter Verlag für e-Books. Derzeit haben mehr als 1,1 Millionen Autoren einen Exklusivvertrag mit Shanda. Allerdings wird jedes e-Book, das zu den zehn populärsten Werken gehört, im Schnitt 8 Millionen Mal illegal heruntergeladen.
Peking 29.11.2010
Die Zeiten, in denen die User von Baidu kostenlos Literatur herunterladen konnten, sind voraussichtlich bald vorbei. Die Betreiber von Chinas führender Suchmaschine haben jetzt gelobt, in Zukunft Gebühren für den Download von Texten zu verlangen, die ein Copyright haben. Shanda Literature Ltd. hatte Baidu zu diesem Schritt gedrängt, um die massenhaften Urheberrechtverletzungen im Internet einzudämmen. Auf Shandas Qidian-Website müssen die Kunden für einen Roman im Schnitt einen Yuan zahlen. Shanda Literature, eine Tochtergesellschaft von Shanda Interactive Entertainment Ltd., gilt mit einem Marktanteil von über 80 Prozent als Chinas größter Verlag für e-Books. Derzeit haben mehr als 1,1 Millionen Autoren einen Exklusivvertrag mit Shanda. Allerdings wird jedes e-Book, das zu den zehn populärsten Werken gehört, im Schnitt 8 Millionen Mal illegal heruntergeladen.
Baidu Remains The Clear Favorite
December 12, 2011
Over the last few months, Chinese internet stocks have taken a wild ride. Being high beta names, they have seen large price swings given the volatility in the markets. But they've also seen wild swings due to the ever present fear of Chinese government regulation as well as accounting and fraud fears, brought on by accounting investigations from U.S. government agencies. These stocks took a tumble in late September, and while they've rallied since then, we don't have an all clear sign on the industry. Not yet anyway.
So what to do with these names? In this case, size does matter-- which is why if you want to be in, Baidu (BIDU) is your best bet. Baidu trumps the two other large Chinese internet names, Sina (SINA) and Sohu (SOHU). It is also much better than the three hyped Chinese IPOs from the past year, Youku (YOKU), Dangdang (DANG), and Renren (RENN). As you can see from the following table, Baidu has a market cap that's 4.5 times the size of five other Chinese names combined.
Name Mkt. Cap. 3-month 6-month
Baidu $45.56B -9.13% 5.93%
Sina $4.08B -40.90% -31.96%
Sohu $1.99B -30.28% -25.88%
Youku $2.27B -6.52% -39.55%
Dangdang $412M -25.61% -63.12%
Renren $1.44B -46.74% -59.87%
Because Baidu is the largest, it has been able to withstand the scrutiny that many of these names have faced. The last three names on the list all came public in the past year or so, all with great hype. Youku is an internet television company, considered to be the Youtube of China. Dangdang is an online retailer in China, and Renren is a social networking site, the Facebook of China. These three names were supposed to be the best things out of China since sliced bread. Their performance lately has been terrible. They still have plenty of growth ahead, but investors have wanted more, so disappointment abounds.
Sohu and Sina have been around for a few more years, but their grouping into the Chinese Internet category has led them to fall in tandem with the other names. These two names are more established, with revenues growing in the 20% and 30% ranges, rather than the 80% and 100% numbers shown by the three I mentioned above. Sina has recently fought off rumors that Muddy Waters, an outfit that comes out with bad news on a name and then the stock price drops, was about to publish a report on the firm. The company has fought off these rumors, but the stock has struggled, down 2% in the past two weeks and unable to take part in the recent global rally (Baidu is up about 9% over that time). Both names remain buys/holds in analyst minds, and current price targets imply huge potential upside for both, 79% for Sina and 55% for Sohu. However, they also have the ability to drop plenty, as we've seen in recent months.
Before I discuss Baidu as the favorite, let's look at the potential future growth in all of these names.
Potential Revenues EPS
Name FY 2011 FY 2012 FY 2011 FY 2012
Baidu 86.2% 51.2% 92.8% 48.8%
Sina 21.2% 24.5% -46.2% 55.9%
Sohu 38.2% 26.0% 26.8% 17.9%
Youku 138.2% 84.6% * *
Dangdang 61.2% 58.1% * *
Renren N/A 49.7% * *
*Youku loss expected to narrow from $0.53 in 2010 to $0.21 in 2011 and $0.10 in 2012. Dangdang expected to go from 2 cent profit in 2010 to 33 cent loss in 2011 and 52 cent loss in 2012. Renren expected to have 2 cent loss in 2011, while both 2010 actual and 2012 estimate were for zero profit or loss.
That chart should tell you that Baidu is the favorite going forward. First of all, Baidu carries the least risk, as you saw by the first chart I detailed. While others are falling around it, Baidu is holding up quite well. Anyone that got in after the 2005 IPO is smiling now (split adjusted prices then were less than $10). The stock currently remains an analyst favorite, with 27 buy ratings and just 6 holds. The average price target is about $189, which implies about 45% upside from here.
We all know that Baidu is the Google (GOOG) of China, so let's look at the two. Baidu's market cap is only about a quarter of Google's, and Baidu's trailing twelve month revenues are just 1/18 of Google's. Net income is about a tenth. Despite carrying a $45 billion market cap, Baidu is still expected to grow revenues and EPS by about 90% this year and 50% next year. You won't find that many companies of that size growing that fast. Baidu has taken off in the past few years, and the stock has doubled since it executed a 10 for 1 split in May of 2010. Maybe Google should think about that idea, eh?
Some may question the lofty valuation Baidu carries, having a trailing P/E of 50 and a forward P/E of 30. But when you consider the growth potential ahead, it's not too bad. Remember as well, Baidu's gross margins are about 80%, while operating margins are about 52.5%, and net margins are in the 45% to 50% range. All three of those are higher than the other Chinese internet names-- and well, also a bit higher than Google's.
Baidu is up 20% over the last twelve months, while its peer group above has seen their shares plummet. It has had some rough patches when other names have gotten beaten down, but shares have held up extremely well. There is plenty of room for this company to grow, and it's growing profits as well as revenues. Yes, I said profits. Baidu is extremely profitable right now, something names like Youku and Dangdang aren't. There have been no accounting issues or even hints of anything suspicious going on. Baidu has the least risk of all the names, and may even have the most long-term upside. I like the name, but given the recent rally, I'd say you can get it cheaper than current levels.
December 12, 2011
Over the last few months, Chinese internet stocks have taken a wild ride. Being high beta names, they have seen large price swings given the volatility in the markets. But they've also seen wild swings due to the ever present fear of Chinese government regulation as well as accounting and fraud fears, brought on by accounting investigations from U.S. government agencies. These stocks took a tumble in late September, and while they've rallied since then, we don't have an all clear sign on the industry. Not yet anyway.
So what to do with these names? In this case, size does matter-- which is why if you want to be in, Baidu (BIDU) is your best bet. Baidu trumps the two other large Chinese internet names, Sina (SINA) and Sohu (SOHU). It is also much better than the three hyped Chinese IPOs from the past year, Youku (YOKU), Dangdang (DANG), and Renren (RENN). As you can see from the following table, Baidu has a market cap that's 4.5 times the size of five other Chinese names combined.
Name Mkt. Cap. 3-month 6-month
Baidu $45.56B -9.13% 5.93%
Sina $4.08B -40.90% -31.96%
Sohu $1.99B -30.28% -25.88%
Youku $2.27B -6.52% -39.55%
Dangdang $412M -25.61% -63.12%
Renren $1.44B -46.74% -59.87%
Because Baidu is the largest, it has been able to withstand the scrutiny that many of these names have faced. The last three names on the list all came public in the past year or so, all with great hype. Youku is an internet television company, considered to be the Youtube of China. Dangdang is an online retailer in China, and Renren is a social networking site, the Facebook of China. These three names were supposed to be the best things out of China since sliced bread. Their performance lately has been terrible. They still have plenty of growth ahead, but investors have wanted more, so disappointment abounds.
Sohu and Sina have been around for a few more years, but their grouping into the Chinese Internet category has led them to fall in tandem with the other names. These two names are more established, with revenues growing in the 20% and 30% ranges, rather than the 80% and 100% numbers shown by the three I mentioned above. Sina has recently fought off rumors that Muddy Waters, an outfit that comes out with bad news on a name and then the stock price drops, was about to publish a report on the firm. The company has fought off these rumors, but the stock has struggled, down 2% in the past two weeks and unable to take part in the recent global rally (Baidu is up about 9% over that time). Both names remain buys/holds in analyst minds, and current price targets imply huge potential upside for both, 79% for Sina and 55% for Sohu. However, they also have the ability to drop plenty, as we've seen in recent months.
Before I discuss Baidu as the favorite, let's look at the potential future growth in all of these names.
Potential Revenues EPS
Name FY 2011 FY 2012 FY 2011 FY 2012
Baidu 86.2% 51.2% 92.8% 48.8%
Sina 21.2% 24.5% -46.2% 55.9%
Sohu 38.2% 26.0% 26.8% 17.9%
Youku 138.2% 84.6% * *
Dangdang 61.2% 58.1% * *
Renren N/A 49.7% * *
*Youku loss expected to narrow from $0.53 in 2010 to $0.21 in 2011 and $0.10 in 2012. Dangdang expected to go from 2 cent profit in 2010 to 33 cent loss in 2011 and 52 cent loss in 2012. Renren expected to have 2 cent loss in 2011, while both 2010 actual and 2012 estimate were for zero profit or loss.
That chart should tell you that Baidu is the favorite going forward. First of all, Baidu carries the least risk, as you saw by the first chart I detailed. While others are falling around it, Baidu is holding up quite well. Anyone that got in after the 2005 IPO is smiling now (split adjusted prices then were less than $10). The stock currently remains an analyst favorite, with 27 buy ratings and just 6 holds. The average price target is about $189, which implies about 45% upside from here.
We all know that Baidu is the Google (GOOG) of China, so let's look at the two. Baidu's market cap is only about a quarter of Google's, and Baidu's trailing twelve month revenues are just 1/18 of Google's. Net income is about a tenth. Despite carrying a $45 billion market cap, Baidu is still expected to grow revenues and EPS by about 90% this year and 50% next year. You won't find that many companies of that size growing that fast. Baidu has taken off in the past few years, and the stock has doubled since it executed a 10 for 1 split in May of 2010. Maybe Google should think about that idea, eh?
Some may question the lofty valuation Baidu carries, having a trailing P/E of 50 and a forward P/E of 30. But when you consider the growth potential ahead, it's not too bad. Remember as well, Baidu's gross margins are about 80%, while operating margins are about 52.5%, and net margins are in the 45% to 50% range. All three of those are higher than the other Chinese internet names-- and well, also a bit higher than Google's.
Baidu is up 20% over the last twelve months, while its peer group above has seen their shares plummet. It has had some rough patches when other names have gotten beaten down, but shares have held up extremely well. There is plenty of room for this company to grow, and it's growing profits as well as revenues. Yes, I said profits. Baidu is extremely profitable right now, something names like Youku and Dangdang aren't. There have been no accounting issues or even hints of anything suspicious going on. Baidu has the least risk of all the names, and may even have the most long-term upside. I like the name, but given the recent rally, I'd say you can get it cheaper than current levels.
Solche Meldungen bieten den Shortsellern natürlich reichlich Proviant.
15.12.2011 | 14:19
China's Internet Growth Rate Shows Signs of Slowing -- Baidu and Dangdang Struggle
NEW YORK, NY -- (Marketwire) -- 12/15/11 -- Chinese tech stocks have been on the downswing of late as cooling Chinese inflation has signaled weaker economic growth in the nation. China's economic growth rate may continue to slow, bottoming out in the first or second quarter while recovering moderately in the third or fourth quarter, the state-run China Securities Journal reported earlier this week. The Bedford Report examines the outlook for companies in China's Internet Sector and provides stock research on Baidu, Inc. (NASDAQ: BIDU) and E-Commerce China Dangdang Inc. (NYSE: DANG). Access to the full company reports can be found at:
www.bedfordreport.com/BIDU
www.bedfordreport.com/DANG
China's economic growth rate is likely to be around 9.2% this year and slow to a range of 8.5% to 8.8% next year, Ba Shusong, a deputy director-general of the Financial Research Department of the Development Research Center, said.
In the first half of 2011, China's internet population added 27 million Internet users over the last six months, bringing the total number to 485 million, according to official statistics. According to China Internet Network Information Center (CNNIC), the country's internet growth rate is showing "pronounced" signs of slowing going forward.
The Bedford Report releases investment research on the Chinese Internet Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
China's total Internet penetration is a mere 36.2 percent -- far behind the U.S., which is at 77.3 percent, according to Internet World Stats. The low Internet penetration in China leaves 815 million people who do not use the Internet, according to the CNNIC. CNNIC says the deceleration in the growth rate of total users mainly reflected the weak online skills of China's huge population of rural and older people, most of whom don't know how to use a computer.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer
15.12.2011 | 14:19
China's Internet Growth Rate Shows Signs of Slowing -- Baidu and Dangdang Struggle
NEW YORK, NY -- (Marketwire) -- 12/15/11 -- Chinese tech stocks have been on the downswing of late as cooling Chinese inflation has signaled weaker economic growth in the nation. China's economic growth rate may continue to slow, bottoming out in the first or second quarter while recovering moderately in the third or fourth quarter, the state-run China Securities Journal reported earlier this week. The Bedford Report examines the outlook for companies in China's Internet Sector and provides stock research on Baidu, Inc. (NASDAQ: BIDU) and E-Commerce China Dangdang Inc. (NYSE: DANG). Access to the full company reports can be found at:
www.bedfordreport.com/BIDU
www.bedfordreport.com/DANG
China's economic growth rate is likely to be around 9.2% this year and slow to a range of 8.5% to 8.8% next year, Ba Shusong, a deputy director-general of the Financial Research Department of the Development Research Center, said.
In the first half of 2011, China's internet population added 27 million Internet users over the last six months, bringing the total number to 485 million, according to official statistics. According to China Internet Network Information Center (CNNIC), the country's internet growth rate is showing "pronounced" signs of slowing going forward.
The Bedford Report releases investment research on the Chinese Internet Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
China's total Internet penetration is a mere 36.2 percent -- far behind the U.S., which is at 77.3 percent, according to Internet World Stats. The low Internet penetration in China leaves 815 million people who do not use the Internet, according to the CNNIC. CNNIC says the deceleration in the growth rate of total users mainly reflected the weak online skills of China's huge population of rural and older people, most of whom don't know how to use a computer.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer
Baidu Removed From U.S. Piracy List of ‘Notorious Markets’
December 21, 2011, 4:26 AM EST
By Eric Martin
Dec. 21 (Bloomberg) -- Baidu Inc.’s settlement with record companies this year was rewarded by the U.S. government’s decision to remove it from a list of “notorious markets” that help sustain piracy and counterfeiting of intellectual property.
Baidu, China’s biggest Internet search engine, agreed in July with Universal Music Group, Warner Music Group Corp. and Sony Corp. to pay owners of copyrighted material on a social- music platform, a deal cited by the U.S. Trade Representative yesterday in its report. The Ladies Market in Hong Kong, where customs officials acted to remove infringing goods, and the Savelovskiy Market in Moscow, where managers have stepped in to stop such sales, were also dropped from the list.
Alibaba Group Holding Ltd.’s Taobao, China’s biggest online retailer, remained among more than 30 online and physical markets worldwide identified in the report for helping the illegal sale of material protected by copyright or patents. Others include the Pirate Bay file-sharing website in Sweden and the Silk Street Market in Beijing, according to the report.
“The notorious markets highlighted in this review negatively impact legitimate businesses and industries of all sizes that rely on intellectual property to protect their goods and services,” U.S. Trade Representative Ron Kirk said yesterday in a statement. “We hope that this review will continue to yield the kind of concrete action from highlighted markets that led to the removal of several markets from the list this year.”
The trade office said in the report that the markets were identified according to information submitted in response to a September request for comments.
‘Rogue Websites’
The U.S. urged regulators overseeing the listed markets to step up efforts to combat violations.
The list “demonstrates the need for Congress to take action against rogue websites that are causing so much damage to American workers and businesses,” Michael O’Leary, senior executive vice president for global policy and external affairs at the Motion Picture Association of America, said in an e- mailed statement.
Bills under consideration in the U.S. Congress would target non-U.S. websites that distribute pirated digital content and counterfeit goods. The measures would let the Justice Department seek court orders forcing U.S.-based Internet-service providers, search engines, payment services and advertising networks to block or stop business with such sites.
The legislation is backed by the U.S. movie and music industries, which want stronger protection against piracy, and opposed by Internet executives, including Google Inc. co-founder Sergey Brin, who say the bills would threaten the technology industry and lead to online censorship.
‘Unauthorized Content’
Pirate Bay, the largest file-sharing site using BitTorrent software, “continues to facilitate the download of unauthorized content,” according to the report.
The site, based in Sweden, has said users contribute content to share with others and that there is no copyrighted material on the network.
Pirate Bay’s four founders were sentenced to one year in prison each in April 2009 by a Swedish court. Three of the men had their jail sentences reduced on appeal in November 2010.
While Taobao has made “significant efforts” to address pirated and counterfeit goods, “much remains to be done,” according to the report.
Phone calls placed to the Chinese embassy in Washington seeking comment on the report weren’t answered.
--With assistance from Eric Engleman in Washington. Editors: Judy Pasternak, Steve Geimann
To contact the reporter on this story: Eric Martin in Washington at emartin21@bloomberg.net
To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net
December 21, 2011, 4:26 AM EST
By Eric Martin
Dec. 21 (Bloomberg) -- Baidu Inc.’s settlement with record companies this year was rewarded by the U.S. government’s decision to remove it from a list of “notorious markets” that help sustain piracy and counterfeiting of intellectual property.
Baidu, China’s biggest Internet search engine, agreed in July with Universal Music Group, Warner Music Group Corp. and Sony Corp. to pay owners of copyrighted material on a social- music platform, a deal cited by the U.S. Trade Representative yesterday in its report. The Ladies Market in Hong Kong, where customs officials acted to remove infringing goods, and the Savelovskiy Market in Moscow, where managers have stepped in to stop such sales, were also dropped from the list.
Alibaba Group Holding Ltd.’s Taobao, China’s biggest online retailer, remained among more than 30 online and physical markets worldwide identified in the report for helping the illegal sale of material protected by copyright or patents. Others include the Pirate Bay file-sharing website in Sweden and the Silk Street Market in Beijing, according to the report.
“The notorious markets highlighted in this review negatively impact legitimate businesses and industries of all sizes that rely on intellectual property to protect their goods and services,” U.S. Trade Representative Ron Kirk said yesterday in a statement. “We hope that this review will continue to yield the kind of concrete action from highlighted markets that led to the removal of several markets from the list this year.”
The trade office said in the report that the markets were identified according to information submitted in response to a September request for comments.
‘Rogue Websites’
The U.S. urged regulators overseeing the listed markets to step up efforts to combat violations.
The list “demonstrates the need for Congress to take action against rogue websites that are causing so much damage to American workers and businesses,” Michael O’Leary, senior executive vice president for global policy and external affairs at the Motion Picture Association of America, said in an e- mailed statement.
Bills under consideration in the U.S. Congress would target non-U.S. websites that distribute pirated digital content and counterfeit goods. The measures would let the Justice Department seek court orders forcing U.S.-based Internet-service providers, search engines, payment services and advertising networks to block or stop business with such sites.
The legislation is backed by the U.S. movie and music industries, which want stronger protection against piracy, and opposed by Internet executives, including Google Inc. co-founder Sergey Brin, who say the bills would threaten the technology industry and lead to online censorship.
‘Unauthorized Content’
Pirate Bay, the largest file-sharing site using BitTorrent software, “continues to facilitate the download of unauthorized content,” according to the report.
The site, based in Sweden, has said users contribute content to share with others and that there is no copyrighted material on the network.
Pirate Bay’s four founders were sentenced to one year in prison each in April 2009 by a Swedish court. Three of the men had their jail sentences reduced on appeal in November 2010.
While Taobao has made “significant efforts” to address pirated and counterfeit goods, “much remains to be done,” according to the report.
Phone calls placed to the Chinese embassy in Washington seeking comment on the report weren’t answered.
--With assistance from Eric Engleman in Washington. Editors: Judy Pasternak, Steve Geimann
To contact the reporter on this story: Eric Martin in Washington at emartin21@bloomberg.net
To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net
mmmhh sehr ruhig hier...wann kommen denn die nächsten zahlen? ...finde dazu nix...hoffentlich gehts dann wieder etwas hoch
Banking on Baidu
Rick Aristotle Munarriz
January 3, 2012
Companies pay a lot of money to move to the top of a popular search engine's result pages. In China, all you need to do now is be a major state-owned bank.
China's Ministry of Public Security is requiring search engines to list five state-owned banks at the top of every page. The world's most populous nation claims that this is a move to curb online fraud. That may very well be true, but it's also a way for regulators to flex their muscles.
Forcing Baidu (Nasdaq: BIDU ) , Sohu.com's (Nasdaq: SOHU ) Sogou, and all of their smaller rivals to jump through this hoop -- even if it may be an eyesore on the niche's minimalist design and a general distraction to users -- lets everybody know who's the boss in China.
This doesn't mean that there isn't a problem with fraud in China. Consumers there generally don't trust the Internet when it comes to completing financial transactions. Back in November, e-tailer Dangdang (NYSE: DANG ) posted a larger-than-expected quarterly deficit, blamed partly on the need to roll out a cash-on-demand network in more than 130 cities. In other words, this is a service where couriers process payments personally once an order is physically handed over because shoppers just don't trust doling out sensitive financial payment through cyberspace.
However, it remains to be seen how consumers will benefit by being constantly fed links to five specific banking giants. It's not as if that will save folks from getting hoodwinked by phishing schemes that show up in emails. Are the naive that fall for those fraudulent missives going to have the gumption to close their emails, fire up their search engine of choice on their browsers, and head to the real links provided? I doubt it.
This won't necessarily take any business away from Baidu and Sogou, unless the state-owned banks will no longer feel a need to advertise for financial-based keywords given their rampant presence on the site.
However, if this is what the government is imposing on the search engines that have historically played along with China's restrictive demands on content filtering, one can only imagine what regulators have in store for the Web 2.0 darlings. SINA's (Nasdaq: SINA ) Weibo and leading social networking website Renren (NYSE: RENN ) better start to worry.
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
Market Placing Too High A Discount On Baidu Shares
http://seekingalpha.com/article/318075-market-placing-too-hi…
http://seekingalpha.com/article/318075-market-placing-too-hi…
shit....nu gehts wieder runter ...echt zum kotzen
Credit Suisse Group stuft Baidu auf neutral
Autor: Aktiencheck Analysen
| 19.01.2012, 10:27 | 122 Aufrufe | 0 |
Zürich (aktiencheck.de AG) - Wallace Cheung und Jennifer Gao, Analysten der Credit Suisse, stufen die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "neutral" ein.
Bei der Credit Suisse habe man auf Basis des BPI (BAIDU Price Index) die Geschäftsentwicklung im vierten Quartal 2011 untersucht. Demnach habe sich im Monat Dezember eine sehr starke Entwicklung gezeigt, womit sich der Geschäftstrend für das gesamte Schlussquartal weitestgehend stabil darstelle. Ferner gehe aus den Recherchen der Credit Suisse hervor, dass die Werbeausgaben der Kunden im vierten Quartal nicht wesentlich gesunken seien.
Vor diesem Hintergrund rechne man weiterhin damit, dass der Umsatz des vierten Quartals am unteren Ende der Unternehmensvorgabe liegen werde. Gegenüber dem Vorquartal kalkuliere man mit einer Umsatzsteigerung von 8%. Man halte an den Ergebnisprognosen für die Geschäftsjahre 2012 und 2013 fest. Gemessen am KGV für 2012 werde die Unternehmensaktie bei einem KGV von 28,9 gehandelt. Damit sei der Anteilschein fair bewertet. Das Kursziel belasse man bei 130,00 USD.
Die Analysten der Credit Suisse vergeben für den Anteilschein von BAIDU.COM das Rating "neutral". (Analyse vom 18.01.2012) (19.01.2012/ac/a/a)
Autor: Aktiencheck Analysen
| 19.01.2012, 10:27 | 122 Aufrufe | 0 |
Zürich (aktiencheck.de AG) - Wallace Cheung und Jennifer Gao, Analysten der Credit Suisse, stufen die Aktie von BAIDU.COM (ISIN US0567521085/ WKN A0F5DE) unverändert mit "neutral" ein.
Bei der Credit Suisse habe man auf Basis des BPI (BAIDU Price Index) die Geschäftsentwicklung im vierten Quartal 2011 untersucht. Demnach habe sich im Monat Dezember eine sehr starke Entwicklung gezeigt, womit sich der Geschäftstrend für das gesamte Schlussquartal weitestgehend stabil darstelle. Ferner gehe aus den Recherchen der Credit Suisse hervor, dass die Werbeausgaben der Kunden im vierten Quartal nicht wesentlich gesunken seien.
Vor diesem Hintergrund rechne man weiterhin damit, dass der Umsatz des vierten Quartals am unteren Ende der Unternehmensvorgabe liegen werde. Gegenüber dem Vorquartal kalkuliere man mit einer Umsatzsteigerung von 8%. Man halte an den Ergebnisprognosen für die Geschäftsjahre 2012 und 2013 fest. Gemessen am KGV für 2012 werde die Unternehmensaktie bei einem KGV von 28,9 gehandelt. Damit sei der Anteilschein fair bewertet. Das Kursziel belasse man bei 130,00 USD.
Die Analysten der Credit Suisse vergeben für den Anteilschein von BAIDU.COM das Rating "neutral". (Analyse vom 18.01.2012) (19.01.2012/ac/a/a)
...kann es nicht eifach mal hochgehen??? so über 130 ...will raus aus meinem call ...na mal sehn was nach den zahlen passiert
1/25/2012 @ 10:18AM |4,538 views
Forbes Earnings Preview: Baidu.com
Wall Street is expecting higher profit for Baidu.com (BIDU) when the company reports its fourth quarter results on Monday, January 30, 2012. The consensus esimate is calling for profit of 89 cents a share, a rise from 50 cents per share a year ago.
What to Expect:
The consensus estimate remains unchanged over the past month, but it has increased from three months ago when it was 86 cents. Analysts are projecting earnings of $2.95 per share for the fiscal year.
Analysts are expecting revenue to stay flat at $698.9 million this quarter. For the year, revenue is expected to come in at $2.24 billion.
Trends to Watch For:
Revenue has improved in each of the last three quarters. In third quarter, revenue rose 93.9% to $653.9 million while the figure rose 87.1% in the second quarter from the year earlier and 96.3% in the first quarter.
Analyst Ratings:
The majority of analysts (88.2%) rate Baidu.com as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 63.7% buys. Analyst sentiment has waned during the last three months.
Competitors:
Baidu.com is a Chinese-language Internet search provider. One of Baidu.com’s main competitors in the internet software and services industry is Google (GOOG). Other competitors in the information technology sector include: Sohu.com (SOHU), Sina (SINA), and Yahoo (YHOO).
Recent Price Movement:
The stock price has fallen 12% since October 27, 2011, from $138.39 to $121.75.
Earnings estimates provided by Zacks.
Forbes Earnings Preview: Baidu.com
Wall Street is expecting higher profit for Baidu.com (BIDU) when the company reports its fourth quarter results on Monday, January 30, 2012. The consensus esimate is calling for profit of 89 cents a share, a rise from 50 cents per share a year ago.
What to Expect:
The consensus estimate remains unchanged over the past month, but it has increased from three months ago when it was 86 cents. Analysts are projecting earnings of $2.95 per share for the fiscal year.
Analysts are expecting revenue to stay flat at $698.9 million this quarter. For the year, revenue is expected to come in at $2.24 billion.
Trends to Watch For:
Revenue has improved in each of the last three quarters. In third quarter, revenue rose 93.9% to $653.9 million while the figure rose 87.1% in the second quarter from the year earlier and 96.3% in the first quarter.
Analyst Ratings:
The majority of analysts (88.2%) rate Baidu.com as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 63.7% buys. Analyst sentiment has waned during the last three months.
Competitors:
Baidu.com is a Chinese-language Internet search provider. One of Baidu.com’s main competitors in the internet software and services industry is Google (GOOG). Other competitors in the information technology sector include: Sohu.com (SOHU), Sina (SINA), and Yahoo (YHOO).
Recent Price Movement:
The stock price has fallen 12% since October 27, 2011, from $138.39 to $121.75.
Earnings estimates provided by Zacks.
BAIDU - am Abwärtstrend gescheitert?
von Florian Wedlich
Mittwoch 25.01.2012, 20:55 Uhr
Rückblick: Seit 2009 befindet sich die Aktie von Baidu in einem primären Aufwärtstrend der das Papier von ca. 10,00 $ auf das Allzeithoch bei 165,96 $ katapultierte. Momentan ist die Aktie jedoch in einen sekundären, mittelfristigen Abwärtstrend gefangen und hat sich von diesen Höchstständen etwas entfernt.
Letzte Woche prallte Baidu abermals von der Widerstandslinie ab. Auch in dieser Woche ist keine Besserung in Sicht.
Charttechnischer Ausblick: Die kurzfristige Tendenz für Baidu bleibt vorerst seitwärts gerichtet. Erst mit einem Sprung über die Abwärtslinie könnte eine neue Aufwärtswelle starten. Kurse bis ans Allzeithoch bei 165,96 $ und darüber hinaus rücken dann in den Fokus.
Wenn die Aktie die Abwärtstrendlinie nicht durchbrechen sollte und unter 115,00 $ zurückfällt, rückt die wichtige Marke von 100,95 $ ins Blickfeld. Sollte der Bereich bei 100,95 $ den Verkäufern nicht standhalten, ergibt sich ein Abwärtspotential bis vorerst ca. 82,00 $. Der EMA 200 sorgt hier für Unterstützung.
von Florian Wedlich
Mittwoch 25.01.2012, 20:55 Uhr
Rückblick: Seit 2009 befindet sich die Aktie von Baidu in einem primären Aufwärtstrend der das Papier von ca. 10,00 $ auf das Allzeithoch bei 165,96 $ katapultierte. Momentan ist die Aktie jedoch in einen sekundären, mittelfristigen Abwärtstrend gefangen und hat sich von diesen Höchstständen etwas entfernt.
Letzte Woche prallte Baidu abermals von der Widerstandslinie ab. Auch in dieser Woche ist keine Besserung in Sicht.
Charttechnischer Ausblick: Die kurzfristige Tendenz für Baidu bleibt vorerst seitwärts gerichtet. Erst mit einem Sprung über die Abwärtslinie könnte eine neue Aufwärtswelle starten. Kurse bis ans Allzeithoch bei 165,96 $ und darüber hinaus rücken dann in den Fokus.
Wenn die Aktie die Abwärtstrendlinie nicht durchbrechen sollte und unter 115,00 $ zurückfällt, rückt die wichtige Marke von 100,95 $ ins Blickfeld. Sollte der Bereich bei 100,95 $ den Verkäufern nicht standhalten, ergibt sich ein Abwärtspotential bis vorerst ca. 82,00 $. Der EMA 200 sorgt hier für Unterstützung.
...zahlen kommen montag siehe
http://wallstcheatsheet.com/earnings-trading-markets/baidu-c…
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) will unveil its latest earnings on Monday, January 30, 2012. Baidu.com is a Chinese language Internet search provider.
Baidu.com, Inc. (ADR) Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 89 cents per share, a rise of 78% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 89 cents during the last month. For the year, analysts are projecting profit of $2.95 per share, a rise of 92.8% from last year.
http://wallstcheatsheet.com/earnings-trading-markets/baidu-c…
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) will unveil its latest earnings on Monday, January 30, 2012. Baidu.com is a Chinese language Internet search provider.
Baidu.com, Inc. (ADR) Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 89 cents per share, a rise of 78% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 89 cents during the last month. For the year, analysts are projecting profit of $2.95 per share, a rise of 92.8% from last year.
Collins Stewart maintains Buy rating and $215 price target on Baidu.com, Inc. (NASDAQ:BIDU)
Jan. 27, 2012, 8:20 a.m. EST
Strict Regulations Fail to Slow Growth for Renren and Baidu
The Paragon Report Provides Equity Research on Renren & Baidu
NEW YORK, NY, Jan 27, 2012 (MARKETWIRE via COMTEX) -- Last week, the government-run China Internet Network Information Center (CNNIC) released a report stating that the number of Internet users in China soared to 513 million last year. Half of these internet users are using weibos -- microblogs similar to Twitter -- that can circumvent the country's powerful censors. The Paragon Report examines investing opportunities in China's Internet Sector and provides equity research on Renren, Inc. /quotes/zigman/5001751/quotes/nls/renn RENN -1.56% and Baidu, Inc. /quotes/zigman/97715/quotes/nls/bidu BIDU +2.46% . Access to the full company reports can be found at:
Almost 56 million Chinese used the Internet for the first time in 2011. The BBC notes, however, that roughly 60 percent of China's population remains offline. The rise in the number of people using the weibos was dramatic, CNNIC data shows, jumping to 250 million from just 63 million at the end of 2010.
As noted in the Associated Press, weibo users have been able to get around the governments' tight censorship -- dubbed the "Great Firewall of China" -- by re-posting information and images as fast as the authorities can take them down.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on China's Internet Sector register with at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
China's surging microblog population has led the country's government to expand its trial program that requires users of the country's wildly popular microblog services to disclose their identities to the government in order to post comments online, the government's top Internet regulator said.
Critics say real-name registration is an attempt to deter negative comments about the government and to make it easier to trace the authors of such postings, the BBC reports.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer .
SOURCE: Paragon Financial Limited
Strict Regulations Fail to Slow Growth for Renren and Baidu
The Paragon Report Provides Equity Research on Renren & Baidu
NEW YORK, NY, Jan 27, 2012 (MARKETWIRE via COMTEX) -- Last week, the government-run China Internet Network Information Center (CNNIC) released a report stating that the number of Internet users in China soared to 513 million last year. Half of these internet users are using weibos -- microblogs similar to Twitter -- that can circumvent the country's powerful censors. The Paragon Report examines investing opportunities in China's Internet Sector and provides equity research on Renren, Inc. /quotes/zigman/5001751/quotes/nls/renn RENN -1.56% and Baidu, Inc. /quotes/zigman/97715/quotes/nls/bidu BIDU +2.46% . Access to the full company reports can be found at:
Almost 56 million Chinese used the Internet for the first time in 2011. The BBC notes, however, that roughly 60 percent of China's population remains offline. The rise in the number of people using the weibos was dramatic, CNNIC data shows, jumping to 250 million from just 63 million at the end of 2010.
As noted in the Associated Press, weibo users have been able to get around the governments' tight censorship -- dubbed the "Great Firewall of China" -- by re-posting information and images as fast as the authorities can take them down.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on China's Internet Sector register with at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
China's surging microblog population has led the country's government to expand its trial program that requires users of the country's wildly popular microblog services to disclose their identities to the government in order to post comments online, the government's top Internet regulator said.
Critics say real-name registration is an attempt to deter negative comments about the government and to make it easier to trace the authors of such postings, the BBC reports.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer .
SOURCE: Paragon Financial Limited
Earnings Preview: Baidu, Inc. (BIDU) – China’s Internet Giant Set for Impressive Quarter
By:NewsyStocks Friday, January 27, 2012 7:42 PM
Chinese search engine Baidu.com is scheduled to release its fourth quarter results on Monday, January 30. After a tumultuous 2011, Chinese internet stocks look set to pick up again and Baidu certainly is a frontrunner.
Analyst consensus estimates for the fourth quarter point towards earnings of $0.89 per share indicating an increase of 78 percent year-over-year. Revenue this quarter is expected to come in around $700 million, flat compared to the year-ago period.
Majority of analysts are bullish on BIDU with 24 Buy ratings out of 31.
Deutsche Bank comments that traffic growth and increasing monetization should help Baidu achieve long term growth especially due to its algorithm optimization and the spending by large advertisers.
BIDU has an average target price of $185.87 indicating an upward potential of nearly 50 percent.
The company's search, video and social search are expected to provide the most traction. Baidu continues to attract advertisers and this should help boost top lines in 2012.
Furthermore, the company is expected to invest heavily in R&D as it rolls out new initiatives.
Third Quarter Results & Earnings History
Baidu's 3Q revenue grew 94 percent to $655 million. Profits also exceed Wall St. expectations at $0.86 per share.
The company has displayed strong revenue growth in all three quarters of 2011 clocking 96.3 percent in Q1, 87.1 percent in Q2, and 94 percent in Q3 year-over-year.
Our Take
Baidu enjoys a favorable position among the competitive Chinese internet industry and looks set to outperform its peers. The company should experience stronger growth as the internet space in China expands. Baidu is also looking at ways to enhance usage and stickiness along with improving its vertical content through partnerships and acquisitions.
By:NewsyStocks Friday, January 27, 2012 7:42 PM
Chinese search engine Baidu.com is scheduled to release its fourth quarter results on Monday, January 30. After a tumultuous 2011, Chinese internet stocks look set to pick up again and Baidu certainly is a frontrunner.
Analyst consensus estimates for the fourth quarter point towards earnings of $0.89 per share indicating an increase of 78 percent year-over-year. Revenue this quarter is expected to come in around $700 million, flat compared to the year-ago period.
Majority of analysts are bullish on BIDU with 24 Buy ratings out of 31.
Deutsche Bank comments that traffic growth and increasing monetization should help Baidu achieve long term growth especially due to its algorithm optimization and the spending by large advertisers.
BIDU has an average target price of $185.87 indicating an upward potential of nearly 50 percent.
The company's search, video and social search are expected to provide the most traction. Baidu continues to attract advertisers and this should help boost top lines in 2012.
Furthermore, the company is expected to invest heavily in R&D as it rolls out new initiatives.
Third Quarter Results & Earnings History
Baidu's 3Q revenue grew 94 percent to $655 million. Profits also exceed Wall St. expectations at $0.86 per share.
The company has displayed strong revenue growth in all three quarters of 2011 clocking 96.3 percent in Q1, 87.1 percent in Q2, and 94 percent in Q3 year-over-year.
Our Take
Baidu enjoys a favorable position among the competitive Chinese internet industry and looks set to outperform its peers. The company should experience stronger growth as the internet space in China expands. Baidu is also looking at ways to enhance usage and stickiness along with improving its vertical content through partnerships and acquisitions.
Das sieht richtig gut aus ... Schöner Anstieg am Freitag mit Vorfreude auf Montag.
Antwort auf Beitrag Nr.: 42.663.325 von Trader20008 am 28.01.12 22:21:23Na, dann wollen wir mal hoffen, daß wir am Montag nicht den Spruch bemühen
müssen: "Vorfreude ist die schönste Freude".
- Und sonst nur heiße Luft -
Gruß
Karlll
müssen: "Vorfreude ist die schönste Freude".
- Und sonst nur heiße Luft -
Gruß
Karlll
Baidu Q4 Earnings Preview: Expect In Line Results, Mobile Internet As The Next Catalyst
3 comments | by: Jiang Zhang January 28, 2012
Baidu (BIDU) is expected to report Q4 result on Monday. The Street expects the company to earn $0.91 on $699 million in revenue.
In Q3 Baidu delivered solid results:
1.
Revenue $655 million (+85% y/y)
2.
Operating profit: $349 million (+88% y/y)
3.
Net profit: $295 million (+80% y/y)
4.
Total online marketing customer increased by 11.8% to 304,000 and traffic acquisition cost decreased 90 bps to 8% of total revenue.
For Q4, investors can expect Baidu to deliver an in line quarter. However, the continued investments on improving user experience and its push into mobile internet will be key catalysts for this year.
In addition to the launch of Baidu Browser that was outlined in my December 29th note titled "Baidu Browser Taking Aim at Google and Sohu", Baidu continues to improve user experience with major updates for Baidu Map, and Leho.com, Baidu's lifestyle social networking site.
Baidu Map recently improved its sidebar on the interface so users can easily search for hotels, restaurants, gas stations, parking lots and subway stations. This new feature greatly enhances user experience and delivers more value to the users than Google Map.
Exhibit 1: Improved Baidu Map with new sidebar
Source: Baidu Map
Last month Baidu introduced its lifestyle-sharing site, Leho.com. The platform allows users to share their leisure activities, experience and the associated cost so internet users could become well-informed and savvier consumers upon reading the activity feeds of the people they follow.
Exhibit 2: Leho user profile
Source: Leho, Jiang Zhang
Leho is part of Baidu's O2O strategy but is different from the other group-buying and restaurant sites such as Groupon (GRPN) and Opentable (OPEN) because it operates similar to a microblog in which users broadcast activities to their followers who could potentially become offline consumers. Leho is the first O2O site that allows users to share their consumer lifestyle and where internet users can gain unique perspectives on the broadcasted consumer activities. The platform also features an intuitive user interface that is similar to Facebook's "timeline" to generate user experience and stickiness. The site will likely attract an increasing number of users, resulting in greater network effect and monetization opportunities, in my view.
Finally, Baidu Yi will likely be the major catalyst this year. Last month, Baidu's VP of Technology Mr. Wang Jin outlined Baidu's three-step mobile internet strategy:
1.
Introduce Baidu Yi
2.
Establish a cloud platform
3.
Establish a Baidu Cloud Operating System.
In my December 4th note titled "Baidu Yi Heats Up China's Mobile OS Market" I pointed out that Baidu Yi could be highly successful because it includes feature and functions, such as search, map and apps that are directly relevant to the Chinese users. While I am confident that Dell (DELL) can help Baidu deliver a quality handset with its Streak Pro D43, I am skeptical of the consumers' reception toward a Dell mobile device. In a market where brand equity weighs heavily in consumers' purchasing decision, Baidu should form partnerships with more well-known handset makers to expand Baidu Yi's footprint. I note that the top five mobile device brands in China are Apple (AAPL), Nokia (NOK), Samsung (SSNLF.PK), Motorola (MMI), and HTC (HTCXF.PK).
Because Baidu Yi is an Android-fork, many of Google's (GOOG) Android apps are transferable to the Yi platform. However, this trend is unlikely to continue as Baidu Yi becomes a bigger competitor to Android. Therefore, Baidu is working with developers to build an extensive portfolio of apps for the Chinese mobile users. Heading into the year, we could see several updates to the Baidu Yi platform, possibly a voice-activated personal assistant similar to Apple's Siri due to Baidu's track record of adopting foreign expertise into its own platform.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
3 comments | by: Jiang Zhang January 28, 2012
Baidu (BIDU) is expected to report Q4 result on Monday. The Street expects the company to earn $0.91 on $699 million in revenue.
In Q3 Baidu delivered solid results:
1.
Revenue $655 million (+85% y/y)
2.
Operating profit: $349 million (+88% y/y)
3.
Net profit: $295 million (+80% y/y)
4.
Total online marketing customer increased by 11.8% to 304,000 and traffic acquisition cost decreased 90 bps to 8% of total revenue.
For Q4, investors can expect Baidu to deliver an in line quarter. However, the continued investments on improving user experience and its push into mobile internet will be key catalysts for this year.
In addition to the launch of Baidu Browser that was outlined in my December 29th note titled "Baidu Browser Taking Aim at Google and Sohu", Baidu continues to improve user experience with major updates for Baidu Map, and Leho.com, Baidu's lifestyle social networking site.
Baidu Map recently improved its sidebar on the interface so users can easily search for hotels, restaurants, gas stations, parking lots and subway stations. This new feature greatly enhances user experience and delivers more value to the users than Google Map.
Exhibit 1: Improved Baidu Map with new sidebar
Source: Baidu Map
Last month Baidu introduced its lifestyle-sharing site, Leho.com. The platform allows users to share their leisure activities, experience and the associated cost so internet users could become well-informed and savvier consumers upon reading the activity feeds of the people they follow.
Exhibit 2: Leho user profile
Source: Leho, Jiang Zhang
Leho is part of Baidu's O2O strategy but is different from the other group-buying and restaurant sites such as Groupon (GRPN) and Opentable (OPEN) because it operates similar to a microblog in which users broadcast activities to their followers who could potentially become offline consumers. Leho is the first O2O site that allows users to share their consumer lifestyle and where internet users can gain unique perspectives on the broadcasted consumer activities. The platform also features an intuitive user interface that is similar to Facebook's "timeline" to generate user experience and stickiness. The site will likely attract an increasing number of users, resulting in greater network effect and monetization opportunities, in my view.
Finally, Baidu Yi will likely be the major catalyst this year. Last month, Baidu's VP of Technology Mr. Wang Jin outlined Baidu's three-step mobile internet strategy:
1.
Introduce Baidu Yi
2.
Establish a cloud platform
3.
Establish a Baidu Cloud Operating System.
In my December 4th note titled "Baidu Yi Heats Up China's Mobile OS Market" I pointed out that Baidu Yi could be highly successful because it includes feature and functions, such as search, map and apps that are directly relevant to the Chinese users. While I am confident that Dell (DELL) can help Baidu deliver a quality handset with its Streak Pro D43, I am skeptical of the consumers' reception toward a Dell mobile device. In a market where brand equity weighs heavily in consumers' purchasing decision, Baidu should form partnerships with more well-known handset makers to expand Baidu Yi's footprint. I note that the top five mobile device brands in China are Apple (AAPL), Nokia (NOK), Samsung (SSNLF.PK), Motorola (MMI), and HTC (HTCXF.PK).
Because Baidu Yi is an Android-fork, many of Google's (GOOG) Android apps are transferable to the Yi platform. However, this trend is unlikely to continue as Baidu Yi becomes a bigger competitor to Android. Therefore, Baidu is working with developers to build an extensive portfolio of apps for the Chinese mobile users. Heading into the year, we could see several updates to the Baidu Yi platform, possibly a voice-activated personal assistant similar to Apple's Siri due to Baidu's track record of adopting foreign expertise into its own platform.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
was soll das denn?
Chinese search leader Baidu (BIDU) has pushed its Q4 earnings report back to the end of February, almost a month later than it usually reports and about two weeks after the end of the Chinese New Year celebrations, says an analyst.
"They're trying to get more visibility. That will probably be the latest that they've reported in the last six years," said Mayuresh Masurekar, an analyst with Collins Stewart. But he also says he does not see the later-than-usual reporting date as a cause for concern.
Last week and Monday, IBD and others reported that Baidu would release its fourth-quarter results late Monday. That had been widely assumed, but the company has yet to file a reporting date with the SEC, nor has it posted any announcement on its company website.
Baidu has not yet responded to emails seeking comment and confirmation of its reporting date. Analyst Masurekar, however, says he had contacted the company and was told the reporting date would be late February.
Masurekar says the company wanted to give itself time after the end of Chinese New Year celebrations to prepare and release its results. Celebrations for Chinese New Year 2012, the Year of the Dragon, began Jan. 23 and end Feb. 6.
Analysts polled by Thomson Reuters see Q4 revenue of $698.9 million, up 88% from $371.3 million in Q4 2010.
Per-share profit minus items is expected to be 91 cents, up 82%.
Chinese search leader Baidu (BIDU) has pushed its Q4 earnings report back to the end of February, almost a month later than it usually reports and about two weeks after the end of the Chinese New Year celebrations, says an analyst.
"They're trying to get more visibility. That will probably be the latest that they've reported in the last six years," said Mayuresh Masurekar, an analyst with Collins Stewart. But he also says he does not see the later-than-usual reporting date as a cause for concern.
Last week and Monday, IBD and others reported that Baidu would release its fourth-quarter results late Monday. That had been widely assumed, but the company has yet to file a reporting date with the SEC, nor has it posted any announcement on its company website.
Baidu has not yet responded to emails seeking comment and confirmation of its reporting date. Analyst Masurekar, however, says he had contacted the company and was told the reporting date would be late February.
Masurekar says the company wanted to give itself time after the end of Chinese New Year celebrations to prepare and release its results. Celebrations for Chinese New Year 2012, the Year of the Dragon, began Jan. 23 and end Feb. 6.
Analysts polled by Thomson Reuters see Q4 revenue of $698.9 million, up 88% from $371.3 million in Q4 2010.
Per-share profit minus items is expected to be 91 cents, up 82%.
Antwort auf Beitrag Nr.: 42.671.011 von ecki007 am 30.01.12 22:20:11Nun, Wilhelm Busch wußte bereits:
"aber hier wie überhaupt kommt es anders als man glaubt"
Vorfreude ist die schönste Freude !!!
"aber hier wie überhaupt kommt es anders als man glaubt"
Vorfreude ist die schönste Freude !!!
Wenn ich das richtig verstehe wurde es angenommen das Baidu die zahlen Montag bringt aber bestätigt haben Sie das offiziell nie...ich denke die zahlen werden gut...da warte ich noch gern und der Kurs hat gestern auch nicht erschreckt reagiert..also es bleibt dann spannend!
Antwort auf Beitrag Nr.: 42.671.011 von ecki007 am 30.01.12 22:20:11laut comdirect sind die Q4 Zahlen für den 07.02. bestätigt. Das wäre dann genau einen Tag nach Ende des chinesischen Neujahrsfestes.
Vielleicht sind also diese Feierlichkeiten der einzige Grund für die Verschiebung, um insbesondere in China mehr Aufmerksamkeit zu bekommen.
Baidu scheint sich also viel von den Zahlen zu versprechen...
Nur meine Meinung und kein Empfehlung.
Vielleicht sind also diese Feierlichkeiten der einzige Grund für die Verschiebung, um insbesondere in China mehr Aufmerksamkeit zu bekommen.
Baidu scheint sich also viel von den Zahlen zu versprechen...
Nur meine Meinung und kein Empfehlung.
Baidu to Report Fourth Quarter 2011 Financial Results on February 16, 2012
BEIJING, Feb. 1, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the fourth quarter ended December 31, 2011, after the U.S. market closes on February 16, 2012. Baidu's management will hold an earnings conference call at 8:00 PM on February 16, 2012 U.S. Eastern Time (9:00 AM on February 17, 2012 Beijing/Hong Kong time).
BEIJING, Feb. 1, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the fourth quarter ended December 31, 2011, after the U.S. market closes on February 16, 2012. Baidu's management will hold an earnings conference call at 8:00 PM on February 16, 2012 U.S. Eastern Time (9:00 AM on February 17, 2012 Beijing/Hong Kong time).
...bis dahin wird der kurs wohl so dahin plätschern...und wenn die zahlen nicht über den erwartungen liegen, dann ....na mal sehn
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
...schöner chart ...seit x-mas
Moin, hier gibt es eine aktuelle Chartanalyse zu Baidu.com:
http://blog.taipan-online.de/4144/2012/leseraktie-im-taipan-…
"Baidu.com ist seit Jahren ein Trendfolgewert wie aus dem Lehrbuch."
http://blog.taipan-online.de/4144/2012/leseraktie-im-taipan-…
"Baidu.com ist seit Jahren ein Trendfolgewert wie aus dem Lehrbuch."
Baidu: Brean Murray Ups Target to $200, Sees Q4, Q1 Beat
By Tiernan Ray
Shares of Baidu (BIDU) are up $2.36, or 1.7%, at $138.95 after Brean Murray‘s Fawne Jiang this morning reiterated a Buy rating and raised her target on the stock to $200 from $185, writing that the company will likely beat estimates when it reports Q4 results this Thursday, after the bell.
Consensus for Thursday’s results is for revenue of 4.46 billion in Chinese Renminbi in revenue, but Jiang thinks the company can beat that based higher average revenue per user from its largest advertising customers. Jiang also thinks the company may forecast above the 4.2 billion Renminbidi the Street is modeling for this quarter. The Chinese New Year likely helped, not hurt, the company’s results, Jiang thinks.
Moreover, while some areas of advertising may have struggled, and may yet struggle this year, given slowing in China’s economy, Jiang sees a lift for Baidu from continued growth in consumer buying,
With growth of the Chinese economy likely tempered in 2012, we expect disproportional growth among different verticals within online advertising. We are generally cautious on advertising spending in real estate and auto as a result of the government’s continued tightening, while bullish on the growth outlook in consumer-driven sectors as the Chinese government ha set internet consumption as a key economic growth driver in 2012 and beyond. Baidu, with its top verticals mostly in consumer-driven sectors (medical, education, travel and IT and business services) is set to capture the outsized growth in advertisers’ increasing budget allocation towards consumer sectors. In particular , we view travel as the highlight of 2012 for Baidu, with certain large advertisers having indicated plans to double their ad budget witht he company.
By Tiernan Ray
Shares of Baidu (BIDU) are up $2.36, or 1.7%, at $138.95 after Brean Murray‘s Fawne Jiang this morning reiterated a Buy rating and raised her target on the stock to $200 from $185, writing that the company will likely beat estimates when it reports Q4 results this Thursday, after the bell.
Consensus for Thursday’s results is for revenue of 4.46 billion in Chinese Renminbi in revenue, but Jiang thinks the company can beat that based higher average revenue per user from its largest advertising customers. Jiang also thinks the company may forecast above the 4.2 billion Renminbidi the Street is modeling for this quarter. The Chinese New Year likely helped, not hurt, the company’s results, Jiang thinks.
Moreover, while some areas of advertising may have struggled, and may yet struggle this year, given slowing in China’s economy, Jiang sees a lift for Baidu from continued growth in consumer buying,
With growth of the Chinese economy likely tempered in 2012, we expect disproportional growth among different verticals within online advertising. We are generally cautious on advertising spending in real estate and auto as a result of the government’s continued tightening, while bullish on the growth outlook in consumer-driven sectors as the Chinese government ha set internet consumption as a key economic growth driver in 2012 and beyond. Baidu, with its top verticals mostly in consumer-driven sectors (medical, education, travel and IT and business services) is set to capture the outsized growth in advertisers’ increasing budget allocation towards consumer sectors. In particular , we view travel as the highlight of 2012 for Baidu, with certain large advertisers having indicated plans to double their ad budget witht he company.
wow dat geht jetzt aber steil hoch...wie lange wohl noch...was passiert nach den zahlen ...na mal sehn
...na mal sehn
Baidu Announces Fourth Quarter and Fiscal Year 2011 Results
BEIJING, Feb. 16, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011(1).
Fourth Quarter and Fiscal Year 2011 Highlights
* Total revenues in the fourth quarter of 2011 were RMB4.474 billion ($710.9 million), an 82.5% increase from the corresponding period in 2010.
* Total revenues in fiscal year 2011 were RMB14.501 billion ($2.304 billion), an 83.2% increase from 2010.
* Operating profit in the fourth quarter of 2011 was RMB2.297 billion ($365.0 million), an 80.2% increase from the corresponding period in 2010.
* Operating profit in fiscal year 2011 was RMB7.577 billion ($1.204 billion), a 91.4% increase from 2010.
* Net income attributable to Baidu in the fourth quarter of 2011 was RMB2.054 billion ($326.3 million), a 76.9% increase from the corresponding period in 2010. Diluted earnings attributable to Baidu per ADS(2) for the fourth quarter of 2011 was RMB5.87 ($0.93); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the fourth quarter of 2011 was RMB6.01 ($0.95).
* Net income attributable to Baidu in fiscal year 2011 was RMB6.639 billion ($1.055 billion), an 88.3% increase from 2010. Diluted earnings attributable to Baidu per ADS for fiscal year 2011 was RMB18.99 ($3.02); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for fiscal year 2011 was RMB19.42 ($3.09).
(1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 6.2939 to US$1.00, the effective noon buying rate as of December 30, 2011 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York.
(2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
"I'm pleased to report that we closed the year with solid financial results as strong execution allowed us to benefit from exceptional market opportunities," said Robin Li, chairman and chief executive officer of Baidu. "Over the course of 2011, we made great progress on the Baidu Open Data and Open Application platforms, executed effectively on our landing page strategy, and rolled out several new initiatives, including our personalized homepage and the Baidu Yi mobile platform."
Mr. Li continued, "In 2012, we will continue to innovate and to solidify Baidu's central position in China's Internet ecosystem."
Jennifer Li, Baidu's chief financial officer, commented, "Driven by strong top line growth, Baidu enjoyed great margins in 2011, as we continued to aggressively invest in infrastructure and talent. Looking ahead, we will continue to focus on driving top line growth and invest at a robust pace to develop and capture long term market opportunities."
Fourth Quarter 2011 Results
Baidu reported total revenues of RMB4.474 billion ($710.9 million) for the fourth quarter of 2011, representing an 82.5% increase from the corresponding period in 2010.
Online marketing revenues for the fourth quarter of 2011 were RMB4.467 billion ($709.7 million), representing an 82.3% increase from the corresponding period in 2010. Baidu had about 311,000 active online marketing customers in the fourth quarter of 2011, representing a 12.7% increase from the corresponding period in 2010 and a 2.3% increase from the previous quarter. Revenue per online marketing customer for the fourth quarter 2011 was approximately RMB14,400 ($2,288), a 61.8% increase from the corresponding period in 2010 and a 5.1% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB353.8 million ($56.2 million), representing 7.9% of total revenues, as compared to 8.1% in the corresponding period in 2010 and 8.0% in the third quarter of 2011.
Bandwidth costs as a component of cost of revenues were RMB192.2 million ($30.5 million), representing 4.3% of total revenues, compared to 4.0% in the corresponding period in 2010. Depreciation costs as a component of cost of revenues were RMB214.9 million ($34.1 million), representing 4.8% of total revenues, compared to 4.0% in the corresponding period in 2010. These increases were mainly due to an increase in network infrastructure capacity.
Selling, general and administrative expenses were RMB522.4 million ($83.0 million), representing an increase of 66.8% from the corresponding period in 2010, mainly due to an increase in personnel-related expenses and marketing expenses.
Research and development expenses were RMB413.8 million ($65.7 million), a 78.4% increase from the corresponding period in 2010. The increase was primarily due to an increase in the number of research and development personnel.
Share-based compensation expenses, which were allocated to related operating cost and expense line items, were RMB46.6 million ($7.4 million) in the fourth quarter of 2011, compared to RMB39.4 million in the previous quarter and RMB28.2 million in the corresponding period in 2010.
Operating profit was RMB2.297 billion ($365.0 million), representing an 80.2% increase from the corresponding period in 2010. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB2.344 billion ($372.4 million), a 79.9% increase from the corresponding period in 2010.
Income tax expense was RMB404.5 million ($64.3 million), compared to an income tax expense of RMB159.6 million in the corresponding period in 2010. The effective tax rate for the fourth quarter of 2011 was 16.5% as compared to 12.1% for the corresponding period in 2010. The year-on-year increase in the effective tax rate was due to the expiration of preferential tax treatments for some of Baidu's PRC subsidiaries.
Net income attributable to Baidu was RMB2.054 billion ($326.3 million), representing a 76.9% increase from the corresponding period in 2010. Basic and diluted earnings attributable to Baidu per ADS for the fourth quarter of 2011 amounted to RMB5.88 ($0.93) and RMB5.87 ($0.93), respectively.
Net income attributable to Baidu excluding share-based compensation expenses (non-GAAP) was RMB2.100 billion ($333.7 million), a 76.7% increase from the corresponding period in 2010. Basic and diluted earnings attributable to Baidu per ADS excluding share based compensation expense (non-GAAP) for the fourth quarter of 2011 amounted to RMB6.02 ($0.96) and RMB6.01 ($0.95), respectively.
As of December 31, 2011, Baidu had cash, cash equivalents and short-term investments of RMB14.179 billion ($2.253 billion). Net operating cash inflow and capital expenditures for the fourth quarter of 2011 were RMB3.358 billion ($533.5 million) and RMB501.8 million ($79.7 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB2.640 billion ($419.4 million) for the fourth quarter of 2011, representing an 83.9% increase from the corresponding period in 2010.
Fiscal Year 2011 Results
Total revenues in 2011 were RMB14.501 billion ($2.304 billion), representing an 83.2% increase from 2010.
Online marketing revenues in 2011 were RMB14.490 billion ($2.302 billion), representing an 83.1% increase from 2010. The growth was driven by increases in both the number of active online marketing customers and revenue per customer. Baidu had about 488,000 active online marketing customers in 2011, representing an 18.4% increase from 2010. Revenue per online marketing customer for 2011 was RMB29,700 ($4,719), an increase of 54.7% from 2010.
Traffic acquisition costs in 2011 were RMB1.156 billion ($183.6 million), representing 8.0% of total revenues, compared to 9.6% in 2010. The decrease in TAC as a percentage of total revenues reflects the continued impact of the Company's traffic optimization efforts from previous years.
Bandwidth costs as a component of cost of revenues were RMB626.4 million ($99.5 million), representing 4.3% of total revenues, compared to 3.9% in 2010. Depreciation costs as a component of cost of revenues were RMB657.8 million ($104.5 million), representing 4.5% of total revenues, compared to 4.2% in 2010. These increases were mainly due to an increase in network infrastructure capacity.
Selling, general and administrative expenses in 2011 were RMB1.693 billion ($269.0 million), representing an increase of 55.4% from the previous year, mainly due to an increase in personnel-related expenses and marketing expenses.
Research and development expenses totaled RMB1.334 billion ($212.0 million) in 2011, representing an 85.8% increase from 2010, primarily due to an increase in the number of research and development personnel.
Share-based compensation expenses, which were allocated to related operating cost and expense line items, were RMB152.0 million ($24.2 million) in 2011, compared to RMB93.7 million in 2010.
Operating profit in 2011 was RMB7.577 billion ($1.204 billion), a 91.4% increase from 2010. Operating profit excluding share-based compensation expenses (non-GAAP) in 2011 was RMB7.729 billion ($1.228 billion), representing a 90.7% increase from 2010.
Loss from equity method accounting in 2011 was RMB179.4 million ($28.5 million), representing an increase of RMB170.4 million ($27.1 million) compared to 2010. This increase was mainly attributable to Baidu's cash investment in iQiyi.
Income tax expense was RMB1.189 billion ($188.9 million), compared to an income tax expense of RMB536.0 million in 2010. The effective tax rate for 2011 was 15.2% as compared to 13.2% in 2010. The year-on-year increase in the effective tax rate was mainly due to the expiration of preferential tax treatments for some of Baidu's PRC subsidiaries.
Net income attributable to Baidu in 2011 was RMB6.639 billion ($1.055 billion), representing an 88.3% increase from 2010. Basic and diluted earnings attributable to Baidu per ADS for 2011 amounted to RMB19.03 ($3.02) and RMB18.99 ($3.02), respectively.
Net income attributable to Baidu excluding share-based compensation expenses (non-GAAP) in 2011 was RMB6.791 billion ($1.079 billion), reflecting an 87.6% increase from 2010. Basic and diluted earnings attributed to Baidu per ADS excluding share-based compensation expenses (non-GAAP) in 2011 were RMB19.46 ($3.09) and RMB19.42 ($3.09), respectively.
Full year net operating cash inflow and capital expenditures were RMB 8.179 billion ($1.299 billion) and RMB1.762 billion ($280.0 million), respectively.
Adjusted EBITDA (non-GAAP) was RMB 8.614 billion ($1.369 billion) in 2011, representing a 91.4% increase from 2010.
Outlook for First Quarter 2012
Baidu currently expects to generate total revenues in an amount ranging from RMB4.195 billion ($666.5 million) to RMB4.330 billion ($688.0 million) for the first quarter of 2012, representing a 72.2% to 77.7% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to change.
Conference Call Information
Baidu's management will hold an earnings conference call at 8:00 PM on February 16, 2012 U.S. Eastern Time (9:00 AM on February 17, 2012 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
International:
+65-6723-9381
US:
+1-718-354-1231
UK:
0808-234-6646
Hong Kong:
+852-2475-0994
Passcode for all regions: 48685775
A replay of the conference call may be accessed by phone at the following number until February 23, 2012:
International:
+61-2-8235-5000
Passcode: 48685775
Additionally, a live and archived webcast of this conference call will be available at http://ir.baidu.com.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs, ten of which represent one Class A ordinary share, currently trade on the NASDAQ Global Select Market under the symbol "BIDU".
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the outlook for the first quarter 2012 and quotations from management in this announcement, as well as Baidu's strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, including development of new products and services; our ability to attract and retain users and customers; competition in the Chinese and Japanese language Internet search markets; competition for online marketing customers; changes in our revenues and certain cost or expense items as a percentage of our revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese language Internet search market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers and general economic conditions in China, Japan and elsewhere. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement Baidu's consolidated financial results presented in accordance with GAAP, Baidu uses the following measures defined as non-GAAP financial measures by the SEC: adjusted EBITDA, operating profit excluding share-based compensation expenses, net income excluding share-based compensation expenses, and basic and diluted earnings per ADS excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to adjusted EBITDA" set forth at the end of this release.
Baidu believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain expenses, particularly share-based compensation expenses, that may not be indicative of its operating We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Baidu's historical performance and liquidity. Baidu has computed its non-GAAP financial measures using the same consistent method from quarter to quarter since April 1, 2006. Baidu believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude share-based compensation charge that has been and will continue to be for the foreseeable future a significant recurring expense in our results of operations. A limitation of using non-GAAP adjusted EBITDA is that it does not include all items that impact our net income for the period.Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
BEIJING, Feb. 16, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011(1).
Fourth Quarter and Fiscal Year 2011 Highlights
* Total revenues in the fourth quarter of 2011 were RMB4.474 billion ($710.9 million), an 82.5% increase from the corresponding period in 2010.
* Total revenues in fiscal year 2011 were RMB14.501 billion ($2.304 billion), an 83.2% increase from 2010.
* Operating profit in the fourth quarter of 2011 was RMB2.297 billion ($365.0 million), an 80.2% increase from the corresponding period in 2010.
* Operating profit in fiscal year 2011 was RMB7.577 billion ($1.204 billion), a 91.4% increase from 2010.
* Net income attributable to Baidu in the fourth quarter of 2011 was RMB2.054 billion ($326.3 million), a 76.9% increase from the corresponding period in 2010. Diluted earnings attributable to Baidu per ADS(2) for the fourth quarter of 2011 was RMB5.87 ($0.93); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the fourth quarter of 2011 was RMB6.01 ($0.95).
* Net income attributable to Baidu in fiscal year 2011 was RMB6.639 billion ($1.055 billion), an 88.3% increase from 2010. Diluted earnings attributable to Baidu per ADS for fiscal year 2011 was RMB18.99 ($3.02); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for fiscal year 2011 was RMB19.42 ($3.09).
(1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 6.2939 to US$1.00, the effective noon buying rate as of December 30, 2011 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York.
(2) Effective on May 12, 2010, Baidu adjusted the ratio of its American depositary shares ("ADSs") representing Class A ordinary shares from one (1) ADS for one (1) Class A ordinary share to ten (10) ADSs for one (1) Class A ordinary share. All earnings per ADS figures in this announcement give effect to the forgoing ADS to share ratio change.
"I'm pleased to report that we closed the year with solid financial results as strong execution allowed us to benefit from exceptional market opportunities," said Robin Li, chairman and chief executive officer of Baidu. "Over the course of 2011, we made great progress on the Baidu Open Data and Open Application platforms, executed effectively on our landing page strategy, and rolled out several new initiatives, including our personalized homepage and the Baidu Yi mobile platform."
Mr. Li continued, "In 2012, we will continue to innovate and to solidify Baidu's central position in China's Internet ecosystem."
Jennifer Li, Baidu's chief financial officer, commented, "Driven by strong top line growth, Baidu enjoyed great margins in 2011, as we continued to aggressively invest in infrastructure and talent. Looking ahead, we will continue to focus on driving top line growth and invest at a robust pace to develop and capture long term market opportunities."
Fourth Quarter 2011 Results
Baidu reported total revenues of RMB4.474 billion ($710.9 million) for the fourth quarter of 2011, representing an 82.5% increase from the corresponding period in 2010.
Online marketing revenues for the fourth quarter of 2011 were RMB4.467 billion ($709.7 million), representing an 82.3% increase from the corresponding period in 2010. Baidu had about 311,000 active online marketing customers in the fourth quarter of 2011, representing a 12.7% increase from the corresponding period in 2010 and a 2.3% increase from the previous quarter. Revenue per online marketing customer for the fourth quarter 2011 was approximately RMB14,400 ($2,288), a 61.8% increase from the corresponding period in 2010 and a 5.1% increase from the previous quarter.
Traffic acquisition cost (TAC) as a component of cost of revenues was RMB353.8 million ($56.2 million), representing 7.9% of total revenues, as compared to 8.1% in the corresponding period in 2010 and 8.0% in the third quarter of 2011.
Bandwidth costs as a component of cost of revenues were RMB192.2 million ($30.5 million), representing 4.3% of total revenues, compared to 4.0% in the corresponding period in 2010. Depreciation costs as a component of cost of revenues were RMB214.9 million ($34.1 million), representing 4.8% of total revenues, compared to 4.0% in the corresponding period in 2010. These increases were mainly due to an increase in network infrastructure capacity.
Selling, general and administrative expenses were RMB522.4 million ($83.0 million), representing an increase of 66.8% from the corresponding period in 2010, mainly due to an increase in personnel-related expenses and marketing expenses.
Research and development expenses were RMB413.8 million ($65.7 million), a 78.4% increase from the corresponding period in 2010. The increase was primarily due to an increase in the number of research and development personnel.
Share-based compensation expenses, which were allocated to related operating cost and expense line items, were RMB46.6 million ($7.4 million) in the fourth quarter of 2011, compared to RMB39.4 million in the previous quarter and RMB28.2 million in the corresponding period in 2010.
Operating profit was RMB2.297 billion ($365.0 million), representing an 80.2% increase from the corresponding period in 2010. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB2.344 billion ($372.4 million), a 79.9% increase from the corresponding period in 2010.
Income tax expense was RMB404.5 million ($64.3 million), compared to an income tax expense of RMB159.6 million in the corresponding period in 2010. The effective tax rate for the fourth quarter of 2011 was 16.5% as compared to 12.1% for the corresponding period in 2010. The year-on-year increase in the effective tax rate was due to the expiration of preferential tax treatments for some of Baidu's PRC subsidiaries.
Net income attributable to Baidu was RMB2.054 billion ($326.3 million), representing a 76.9% increase from the corresponding period in 2010. Basic and diluted earnings attributable to Baidu per ADS for the fourth quarter of 2011 amounted to RMB5.88 ($0.93) and RMB5.87 ($0.93), respectively.
Net income attributable to Baidu excluding share-based compensation expenses (non-GAAP) was RMB2.100 billion ($333.7 million), a 76.7% increase from the corresponding period in 2010. Basic and diluted earnings attributable to Baidu per ADS excluding share based compensation expense (non-GAAP) for the fourth quarter of 2011 amounted to RMB6.02 ($0.96) and RMB6.01 ($0.95), respectively.
As of December 31, 2011, Baidu had cash, cash equivalents and short-term investments of RMB14.179 billion ($2.253 billion). Net operating cash inflow and capital expenditures for the fourth quarter of 2011 were RMB3.358 billion ($533.5 million) and RMB501.8 million ($79.7 million), respectively.
Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB2.640 billion ($419.4 million) for the fourth quarter of 2011, representing an 83.9% increase from the corresponding period in 2010.
Fiscal Year 2011 Results
Total revenues in 2011 were RMB14.501 billion ($2.304 billion), representing an 83.2% increase from 2010.
Online marketing revenues in 2011 were RMB14.490 billion ($2.302 billion), representing an 83.1% increase from 2010. The growth was driven by increases in both the number of active online marketing customers and revenue per customer. Baidu had about 488,000 active online marketing customers in 2011, representing an 18.4% increase from 2010. Revenue per online marketing customer for 2011 was RMB29,700 ($4,719), an increase of 54.7% from 2010.
Traffic acquisition costs in 2011 were RMB1.156 billion ($183.6 million), representing 8.0% of total revenues, compared to 9.6% in 2010. The decrease in TAC as a percentage of total revenues reflects the continued impact of the Company's traffic optimization efforts from previous years.
Bandwidth costs as a component of cost of revenues were RMB626.4 million ($99.5 million), representing 4.3% of total revenues, compared to 3.9% in 2010. Depreciation costs as a component of cost of revenues were RMB657.8 million ($104.5 million), representing 4.5% of total revenues, compared to 4.2% in 2010. These increases were mainly due to an increase in network infrastructure capacity.
Selling, general and administrative expenses in 2011 were RMB1.693 billion ($269.0 million), representing an increase of 55.4% from the previous year, mainly due to an increase in personnel-related expenses and marketing expenses.
Research and development expenses totaled RMB1.334 billion ($212.0 million) in 2011, representing an 85.8% increase from 2010, primarily due to an increase in the number of research and development personnel.
Share-based compensation expenses, which were allocated to related operating cost and expense line items, were RMB152.0 million ($24.2 million) in 2011, compared to RMB93.7 million in 2010.
Operating profit in 2011 was RMB7.577 billion ($1.204 billion), a 91.4% increase from 2010. Operating profit excluding share-based compensation expenses (non-GAAP) in 2011 was RMB7.729 billion ($1.228 billion), representing a 90.7% increase from 2010.
Loss from equity method accounting in 2011 was RMB179.4 million ($28.5 million), representing an increase of RMB170.4 million ($27.1 million) compared to 2010. This increase was mainly attributable to Baidu's cash investment in iQiyi.
Income tax expense was RMB1.189 billion ($188.9 million), compared to an income tax expense of RMB536.0 million in 2010. The effective tax rate for 2011 was 15.2% as compared to 13.2% in 2010. The year-on-year increase in the effective tax rate was mainly due to the expiration of preferential tax treatments for some of Baidu's PRC subsidiaries.
Net income attributable to Baidu in 2011 was RMB6.639 billion ($1.055 billion), representing an 88.3% increase from 2010. Basic and diluted earnings attributable to Baidu per ADS for 2011 amounted to RMB19.03 ($3.02) and RMB18.99 ($3.02), respectively.
Net income attributable to Baidu excluding share-based compensation expenses (non-GAAP) in 2011 was RMB6.791 billion ($1.079 billion), reflecting an 87.6% increase from 2010. Basic and diluted earnings attributed to Baidu per ADS excluding share-based compensation expenses (non-GAAP) in 2011 were RMB19.46 ($3.09) and RMB19.42 ($3.09), respectively.
Full year net operating cash inflow and capital expenditures were RMB 8.179 billion ($1.299 billion) and RMB1.762 billion ($280.0 million), respectively.
Adjusted EBITDA (non-GAAP) was RMB 8.614 billion ($1.369 billion) in 2011, representing a 91.4% increase from 2010.
Outlook for First Quarter 2012
Baidu currently expects to generate total revenues in an amount ranging from RMB4.195 billion ($666.5 million) to RMB4.330 billion ($688.0 million) for the first quarter of 2012, representing a 72.2% to 77.7% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to change.
Conference Call Information
Baidu's management will hold an earnings conference call at 8:00 PM on February 16, 2012 U.S. Eastern Time (9:00 AM on February 17, 2012 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
International:
+65-6723-9381
US:
+1-718-354-1231
UK:
0808-234-6646
Hong Kong:
+852-2475-0994
Passcode for all regions: 48685775
A replay of the conference call may be accessed by phone at the following number until February 23, 2012:
International:
+61-2-8235-5000
Passcode: 48685775
Additionally, a live and archived webcast of this conference call will be available at http://ir.baidu.com.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs, ten of which represent one Class A ordinary share, currently trade on the NASDAQ Global Select Market under the symbol "BIDU".
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the outlook for the first quarter 2012 and quotations from management in this announcement, as well as Baidu's strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, including development of new products and services; our ability to attract and retain users and customers; competition in the Chinese and Japanese language Internet search markets; competition for online marketing customers; changes in our revenues and certain cost or expense items as a percentage of our revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese language Internet search market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers and general economic conditions in China, Japan and elsewhere. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement Baidu's consolidated financial results presented in accordance with GAAP, Baidu uses the following measures defined as non-GAAP financial measures by the SEC: adjusted EBITDA, operating profit excluding share-based compensation expenses, net income excluding share-based compensation expenses, and basic and diluted earnings per ADS excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to adjusted EBITDA" set forth at the end of this release.
Baidu believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain expenses, particularly share-based compensation expenses, that may not be indicative of its operating We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Baidu's historical performance and liquidity. Baidu has computed its non-GAAP financial measures using the same consistent method from quarter to quarter since April 1, 2006. Baidu believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude share-based compensation charge that has been and will continue to be for the foreseeable future a significant recurring expense in our results of operations. A limitation of using non-GAAP adjusted EBITDA is that it does not include all items that impact our net income for the period.Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
BINGO
...schade...dachte wir sind im After Hours Trading bei 148$ stehen geblieben
On Second Thought: Baidu Shares Fall After Earnings
By KEVIN SHALVEY, INVESTOR'S BUSINESS DAILY
Posted 10:39 AM ET
A photographer walks past a Baidu logo at a tech show in China last year. The dominant online search service in China on Thursday reported Q4 results...
A photographer walks past a Baidu logo at a tech show in China last year. The dominant online search service in China on Thursday reported Q4 results... View Enlarged Image
Update: Baidu shares fell nearly 4% to 136.46 in mid-morning trading Friday, a day after reporting better-than-expected fourth-quarter profit and revenue. The stock had risen in after-hours trading Thursday after rising to a 4-month high during the regular session. It could be that investors didn't care for the Chinese search giant's first-quarter sales guidance, which bracketed analyst views but with the midpoint slightly lagging.
Shares of fellow Chinese Internet firm Sohu fell modestly Friday morning.
***
Posted 2/16/2012 6:41 PM ET
Baidu (BIDU) late Thursday reported Q4 profit and sales that topped Wall Street forecasts, but its Q1 sales outlook slightly lagged analyst views.
China Internet search leader Baidu reported EPS minus items of 95 cents, up 90% from 50 cents in the year-earlier quarter.
That beat Wall Street's estimate of 91 cents, according to analysts polled by Thomson Reuters.
The company reported sales of $710.9 million, up 91% from $371.3 million a year ago.
Analysts had expected $708.8 million. That estimate rose slightly this week. On Tuesday, analysts expected $706.2 million.
Baidu, which gets most of its revenue from ads placed with search results, has benefited from less competition in China from global search leader Google (GOOG).
Google has pulled back because of the Chinese government's censorship and privacy policies.
Though Baidu's revenue nearly doubled, observers still fear an ad slowdown in China. Evidence of that surfaced on Monday, when China Internet portal Sohu.com (SOHU) gave Q1 profit guidance that was only about half what analysts had expected.
Of some 5,300 group-buying advertisers active in China as of mid-2011, about 2,000 have shut down, wrote Tian X. Hou, an analyst with T.H. Capital, in a report Monday. Hou rates Baidu a hold.
"Ads are slowing for everyone, except Baidu — or a lot less for Baidu," Bill Bishop, an independent analyst and blogger in China, said via email.
Baidu's advertising in Q4 climbed 7% from Q3 and 82% from the year-earlier quarter.
In Q4 2010, Baidu's advertising rose 94% year over year and 8.6% from the prior quarter.
Many observers worry that ad growth will continue to be flat throughout 2012, says ThinkEquity analyst Henry Guo.
"The No. 1 thing (will be) the commentary from management on the macroenvironment," Guo said.
Baidu executives were set to hold a conference call with analysts at 8 p.m. EST Thursday.
CEO Stresses Innovation
In a statement, Baidu CEO Robin Li said the company will "continue to innovate and to solidify Baidu's central position in China's Internet ecosystem."
For the current quarter, Baidu sees revenue of $666.5 million to $688 million. At the midpoint, year-over-year growth would be 82%. Baidu's year-over-year sales rose 88% in Q1 2011.
Analysts expect Q1 revenue of $678.8 million, a little above Baidu's midpoint of $677.3 million.
But Baidu has long smashed company and analyst guidance.
In its previous eight quarters of reporting, Baidu had outperformed Wall Street's revenue estimates by an average of 3% and had beat the midpoint of company guidance by 4%, Collins Stewart analyst Mayuresh Masurekar wrote in a pre-earnings note.
Thursday's sales figures came in only about 1.4% above the company's midpoint guidance for Q4 of $701.2 million.
Because it didn't crush views as it usually does, investors "may pressure the stock near-term," wrote Masurekar, who nevertheless rates Baidu a buy.
But Baidu shares were up 1.5% after hours, after its earnings release but before the conference call.
In any case, Wall Street does expect Baidu's profit growth to slow in 2012, analyst Guo notes.
For 2011, Baidu's per-share profit minus items rose 97% to $3.02. For 2012, analysts forecast a 50% increase, to $4.54.
"China is kind of stabilizing, slowing down," Guo said. "So now the Street's seeing some growth deceleration in 2012."
But 50% sales growth is still big. Of 31 Wall Street analysts polled by Thomson Reuters, 25 rate the stock strong buy or buy. The other six rate Baidu as hold.
Baidu usually reports Q4 earnings toward the end of January. It waited until mid-February this year because of the later-than-usual weeks-long Chinese New Year, Masurekar says.
RELATED:
Baidu Still China King: Q4 Revenue Seen Up 90%
In China, Google Maps Seeks License, As Baidu Leads
By KEVIN SHALVEY, INVESTOR'S BUSINESS DAILY
Posted 10:39 AM ET
A photographer walks past a Baidu logo at a tech show in China last year. The dominant online search service in China on Thursday reported Q4 results...
A photographer walks past a Baidu logo at a tech show in China last year. The dominant online search service in China on Thursday reported Q4 results... View Enlarged Image
Update: Baidu shares fell nearly 4% to 136.46 in mid-morning trading Friday, a day after reporting better-than-expected fourth-quarter profit and revenue. The stock had risen in after-hours trading Thursday after rising to a 4-month high during the regular session. It could be that investors didn't care for the Chinese search giant's first-quarter sales guidance, which bracketed analyst views but with the midpoint slightly lagging.
Shares of fellow Chinese Internet firm Sohu fell modestly Friday morning.
***
Posted 2/16/2012 6:41 PM ET
Baidu (BIDU) late Thursday reported Q4 profit and sales that topped Wall Street forecasts, but its Q1 sales outlook slightly lagged analyst views.
China Internet search leader Baidu reported EPS minus items of 95 cents, up 90% from 50 cents in the year-earlier quarter.
That beat Wall Street's estimate of 91 cents, according to analysts polled by Thomson Reuters.
The company reported sales of $710.9 million, up 91% from $371.3 million a year ago.
Analysts had expected $708.8 million. That estimate rose slightly this week. On Tuesday, analysts expected $706.2 million.
Baidu, which gets most of its revenue from ads placed with search results, has benefited from less competition in China from global search leader Google (GOOG).
Google has pulled back because of the Chinese government's censorship and privacy policies.
Though Baidu's revenue nearly doubled, observers still fear an ad slowdown in China. Evidence of that surfaced on Monday, when China Internet portal Sohu.com (SOHU) gave Q1 profit guidance that was only about half what analysts had expected.
Of some 5,300 group-buying advertisers active in China as of mid-2011, about 2,000 have shut down, wrote Tian X. Hou, an analyst with T.H. Capital, in a report Monday. Hou rates Baidu a hold.
"Ads are slowing for everyone, except Baidu — or a lot less for Baidu," Bill Bishop, an independent analyst and blogger in China, said via email.
Baidu's advertising in Q4 climbed 7% from Q3 and 82% from the year-earlier quarter.
In Q4 2010, Baidu's advertising rose 94% year over year and 8.6% from the prior quarter.
Many observers worry that ad growth will continue to be flat throughout 2012, says ThinkEquity analyst Henry Guo.
"The No. 1 thing (will be) the commentary from management on the macroenvironment," Guo said.
Baidu executives were set to hold a conference call with analysts at 8 p.m. EST Thursday.
CEO Stresses Innovation
In a statement, Baidu CEO Robin Li said the company will "continue to innovate and to solidify Baidu's central position in China's Internet ecosystem."
For the current quarter, Baidu sees revenue of $666.5 million to $688 million. At the midpoint, year-over-year growth would be 82%. Baidu's year-over-year sales rose 88% in Q1 2011.
Analysts expect Q1 revenue of $678.8 million, a little above Baidu's midpoint of $677.3 million.
But Baidu has long smashed company and analyst guidance.
In its previous eight quarters of reporting, Baidu had outperformed Wall Street's revenue estimates by an average of 3% and had beat the midpoint of company guidance by 4%, Collins Stewart analyst Mayuresh Masurekar wrote in a pre-earnings note.
Thursday's sales figures came in only about 1.4% above the company's midpoint guidance for Q4 of $701.2 million.
Because it didn't crush views as it usually does, investors "may pressure the stock near-term," wrote Masurekar, who nevertheless rates Baidu a buy.
But Baidu shares were up 1.5% after hours, after its earnings release but before the conference call.
In any case, Wall Street does expect Baidu's profit growth to slow in 2012, analyst Guo notes.
For 2011, Baidu's per-share profit minus items rose 97% to $3.02. For 2012, analysts forecast a 50% increase, to $4.54.
"China is kind of stabilizing, slowing down," Guo said. "So now the Street's seeing some growth deceleration in 2012."
But 50% sales growth is still big. Of 31 Wall Street analysts polled by Thomson Reuters, 25 rate the stock strong buy or buy. The other six rate Baidu as hold.
Baidu usually reports Q4 earnings toward the end of January. It waited until mid-February this year because of the later-than-usual weeks-long Chinese New Year, Masurekar says.
RELATED:
Baidu Still China King: Q4 Revenue Seen Up 90%
In China, Google Maps Seeks License, As Baidu Leads
Antwort auf Beitrag Nr.: 42.765.822 von ecki007 am 17.02.12 10:33:23Das sieht mal so aus, als ob Baidu gerade seine Premium-Aufschlag
verliert und KGV`s von 50 oder 80 der Vergangenheit angehören.
Aktuell minus 3,5%.
Gruß
Karlll
verliert und KGV`s von 50 oder 80 der Vergangenheit angehören.
Aktuell minus 3,5%.
Gruß
Karlll
...war das heute der durchbruch nach oben? ...sieht so aus
Hallo,
was ist der Unterschied zwischen Youku, Tudou, Sohu und Baidu? Wer hat laut eurer Meinung das stärkste Potential nach oben.
was ist der Unterschied zwischen Youku, Tudou, Sohu und Baidu? Wer hat laut eurer Meinung das stärkste Potential nach oben.
Guten Abend, bin ab heute auch dabei, denke, da geht noch viel mehr...Kurse von über 200 spätestens nächstes Jahr ! Gruß B.
BAIDU - Es geht los!
von Andre Rain
Donnerstag 22.03.2012, 16:53 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 143,58 $
Die Baidu Aktie konsolidiert seit Mitte Februar seitwärts zwischen EMA50 (blau) auf der Unterseite und eine flachen Abwärtstrendlinie. Jetzt startet der Ausbruch aus dieser Dreieckskonsolidierung, eine steile Rally in Richtung Allzeithoch bei 165,96 $ kann nun folgen.
Rücksetzer bis 138,80 - 139,80 sind jetzt unbedenklich. Ein Rückfall per Tagesschluss unter 134,20 $ hingegen könnte eine Abwärtskorrektur bis zunächst 129,00 - 130,00 $ einleiten.
Kursverlauf vom 26.07.2011 bis 22.03.2012 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
von Andre Rain
Donnerstag 22.03.2012, 16:53 Uhr
Baidu.com - Kürzel: BIDU - ISIN: US0567521085
Börse: NYSE in USD / Kursstand: 143,58 $
Die Baidu Aktie konsolidiert seit Mitte Februar seitwärts zwischen EMA50 (blau) auf der Unterseite und eine flachen Abwärtstrendlinie. Jetzt startet der Ausbruch aus dieser Dreieckskonsolidierung, eine steile Rally in Richtung Allzeithoch bei 165,96 $ kann nun folgen.
Rücksetzer bis 138,80 - 139,80 sind jetzt unbedenklich. Ein Rückfall per Tagesschluss unter 134,20 $ hingegen könnte eine Abwärtskorrektur bis zunächst 129,00 - 130,00 $ einleiten.
Kursverlauf vom 26.07.2011 bis 22.03.2012 (log. Kerzendarstellung / 1 Kerze = 1 Tag)
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) Is Outperforming On New Agreement
March 22, 2012
By Scott Sheffield
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) Is Outperforming On New Agreement
Shares of Baidu.com, Inc. (ADR)(NASDAQ:BIDU) are rising on Thursday despite the bad news from China, where the manufacturing activity continued to fall in the latest month.
This morning, the company said that it formed multiyear agreement with Baidu.com, Inc. (ADR)(NASDAQ:BIDU), whereby Baidu to provide its end-users with a more robust online mapping experience in Baidu Maps and its third-party developers with increased functionality in its Baidu Maps application programming interface (API) for location-based services.
Baidu.com is the market search engine leader in China with market share of over 80% with over 50% year-over-year growth.
In February, the company reported better than estimated fourth quarter earnings. The company earned 93 cents a share on revenue of $710.1 million, topping analysts’ estimates of 90 cents a share on revenue of $706.6 million. For the quarter, gross margin was 79.6%, 120 basis points worse than the prior-year quarter. Operating margin was 51.3%, 70 basis points worse than the prior-year quarter.
DigitalGlobe’s industry-leading ImageLibrary offers customers over 85 million square kilometers (km2) of highly accurate imagery in China, and over two billion km2 of imagery worldwide.
The stock is now trading higher by 2.60% to $144.26. From the technical prospective, the stock is trading well above its 50-Day Moving Average and 200-Day Moving Average of $136 and $130.45, which should act as an immediate supports. Volume is also strong in today’s session with more than 6 million shares already traded hands, compared to its 30 day average volume of 5.86 million.
Analysts are bullish on the stock with more than 20 brokers have strong buy or Buy ratings on the stock and has mean target of $188.06 with high target of $215 and low target of $133.50.
March 22, 2012
By Scott Sheffield
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) Is Outperforming On New Agreement
Shares of Baidu.com, Inc. (ADR)(NASDAQ:BIDU) are rising on Thursday despite the bad news from China, where the manufacturing activity continued to fall in the latest month.
This morning, the company said that it formed multiyear agreement with Baidu.com, Inc. (ADR)(NASDAQ:BIDU), whereby Baidu to provide its end-users with a more robust online mapping experience in Baidu Maps and its third-party developers with increased functionality in its Baidu Maps application programming interface (API) for location-based services.
Baidu.com is the market search engine leader in China with market share of over 80% with over 50% year-over-year growth.
In February, the company reported better than estimated fourth quarter earnings. The company earned 93 cents a share on revenue of $710.1 million, topping analysts’ estimates of 90 cents a share on revenue of $706.6 million. For the quarter, gross margin was 79.6%, 120 basis points worse than the prior-year quarter. Operating margin was 51.3%, 70 basis points worse than the prior-year quarter.
DigitalGlobe’s industry-leading ImageLibrary offers customers over 85 million square kilometers (km2) of highly accurate imagery in China, and over two billion km2 of imagery worldwide.
The stock is now trading higher by 2.60% to $144.26. From the technical prospective, the stock is trading well above its 50-Day Moving Average and 200-Day Moving Average of $136 and $130.45, which should act as an immediate supports. Volume is also strong in today’s session with more than 6 million shares already traded hands, compared to its 30 day average volume of 5.86 million.
Analysts are bullish on the stock with more than 20 brokers have strong buy or Buy ratings on the stock and has mean target of $188.06 with high target of $215 and low target of $133.50.
Super Aktie, hat noch unheimliches Langfriftpotential, leider hab ich zur Zeit wenig Kohle ... buäääääääh. Naja, step by step. Gruß B.
Bericht: Apple integriert Suchmaschine Baidu in iOS
von Florian Kalenda, 26. März 2012, 21:30 Uhr
Baidu könnte in China die Standard-Suchmaschine von iOS werden. Das berichtet die IT-Site Sina Tech. Ihr zufolge wird es schon kommenden Monat so weit sein. The Next Web hat die Meldung dort entdeckt.
Für Apples bisherigen Suchpartner Google wäre dies ein schwerer Schlag. In China erscheint Baidu mit 78,3 Prozent Marktanteil laut den Marktforschern von Analysys International ohnehin übermächtig. Google stand zuletzt bei 16,7 Prozent.
Apple-CEO Tim Cook hat schon mehrfach betont, wie wichtig der chinesische Markt für sein Unternehmen ist. Mit einem Wechsel zum chinesischen Suchmarktführer würde er dies nur unterstreichen.
Apple ist Ende 2011 mit seinem persönlichen digitalen Agenten Siri selbst zu einem Anwärter für den Suchmarkt der Zukunft aufgestiegen, der überwiegend sprachgesteuert ablaufen könnte. Es dürfte in seinem Interesse sein, die Position von Google weiter zu schwächen - etwa indem es in den USA Bing zur Standard-Suchmaschine von Mobile Safari machte.
Der Nutzer hat natürlich stets die Wahl: Er kann die Standardsuche durch eine von ihm bevorzugte ersetzen. Erfahrungsgemäß tun dies aber die wenigsten, sodass eine Integration als Default-Suchmaschine in einem Browser teuer kommt. Davon profitiert etwa Mozilla, das von Google dafür 300 Millionen Dollar pro Jahr erhält - 84 Prozent seines Gesamtumsatzes.
[mit Material von Don Reisinger, News.com]
von Florian Kalenda, 26. März 2012, 21:30 Uhr
Baidu könnte in China die Standard-Suchmaschine von iOS werden. Das berichtet die IT-Site Sina Tech. Ihr zufolge wird es schon kommenden Monat so weit sein. The Next Web hat die Meldung dort entdeckt.
Für Apples bisherigen Suchpartner Google wäre dies ein schwerer Schlag. In China erscheint Baidu mit 78,3 Prozent Marktanteil laut den Marktforschern von Analysys International ohnehin übermächtig. Google stand zuletzt bei 16,7 Prozent.
Apple-CEO Tim Cook hat schon mehrfach betont, wie wichtig der chinesische Markt für sein Unternehmen ist. Mit einem Wechsel zum chinesischen Suchmarktführer würde er dies nur unterstreichen.
Apple ist Ende 2011 mit seinem persönlichen digitalen Agenten Siri selbst zu einem Anwärter für den Suchmarkt der Zukunft aufgestiegen, der überwiegend sprachgesteuert ablaufen könnte. Es dürfte in seinem Interesse sein, die Position von Google weiter zu schwächen - etwa indem es in den USA Bing zur Standard-Suchmaschine von Mobile Safari machte.
Der Nutzer hat natürlich stets die Wahl: Er kann die Standardsuche durch eine von ihm bevorzugte ersetzen. Erfahrungsgemäß tun dies aber die wenigsten, sodass eine Integration als Default-Suchmaschine in einem Browser teuer kommt. Davon profitiert etwa Mozilla, das von Google dafür 300 Millionen Dollar pro Jahr erhält - 84 Prozent seines Gesamtumsatzes.
[mit Material von Don Reisinger, News.com]
Die Aktie läuft, das ist der Hammer, jetzt wird es Zeit einzusteigen !!
Baidu's Box Computing: Beating Google At Its Own Game
March 27, 2012
According to The Wall Street Journal, Google (GOOG) will introduce its new search algorithm called "Semantic Search" to defend its market share against rivals such as Apple (AAPL) and Microsoft (MSFT). While this initiative will likely allow Google to counter its competitors in North America, the company will continue to suffer market share decline in China due to Baidu's (BIDU) dominance in online search with its own semantic search engine called "Box Computing."
Semantic Search is superior to traditional key word search in that it generates more relevant search results by understanding the contextual meaning of the words and the searchers' intent. Currently, semantic search is widely used by iPhone's voice-activated personal assistant, Siri, which attempts to understand the speaker's verbal command and answers with information gathered from Google and Wolfram Alpha, a search engine that uses semantic search.
Baidu first introduced box computing at Baidu Innovation Conference in summer 2009 as an attempt to strengthen its search result to counter Google.
Since then, Baidu expanded Box Computing by allowing developers to create applications that generate relevant apps and results, which ultimately creates superior user experience. For example, a search of "Beijing Shanghai" returns relevant train and airline schedule from Beijing to Shanghai, followed by other search results. The train and air schedules are considered most relevant to the Chinese users because the context behind "Beijing Shanghai" usually refers to travel routes.
According to Baidu, 60% of search results are produced by Box Computing, which delivers interactive, relevant, and intuitive search experience that makes Baidu a clear leader in China's online search market. Unfortunately, Google has yet to catch up with Baidu on semantic search.
Baidu's continued focus on developing Box Computing will allow Baidu to become a:
* Global search engine
* Formidable force in mobile search
Baidu entered Japan in 2007 to leverage its strength in character search and capitalize on the similarity between Chinese and Japanese languages but the Japanese business has yet to achieve meaningful impact on Baidu's global growth. Recently, Baidu formed a partnership with Agency for Science, Technology and Research (A*STAR) to establish an R&D center in Singapore that focuses on developing South Asian language processing technology. The joint research lab will initially focus on Vietnamese and Thai. I believe that Baidu will capitalize this opportunity to enhance its non-Chinese search capabilities and eventually gain a meaningful foothold in other major Asian markets such as Japan and Korea.
Baidu is also gaining traction in mobile search with the launch of mobile Box Computing and mobile OS, Baidu Yi. In addition, Baidu search bar will become the default search engine in Apple's iOS according to Sina Tech, which once again validates Baidu's search superiority over Google.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
March 27, 2012
According to The Wall Street Journal, Google (GOOG) will introduce its new search algorithm called "Semantic Search" to defend its market share against rivals such as Apple (AAPL) and Microsoft (MSFT). While this initiative will likely allow Google to counter its competitors in North America, the company will continue to suffer market share decline in China due to Baidu's (BIDU) dominance in online search with its own semantic search engine called "Box Computing."
Semantic Search is superior to traditional key word search in that it generates more relevant search results by understanding the contextual meaning of the words and the searchers' intent. Currently, semantic search is widely used by iPhone's voice-activated personal assistant, Siri, which attempts to understand the speaker's verbal command and answers with information gathered from Google and Wolfram Alpha, a search engine that uses semantic search.
Baidu first introduced box computing at Baidu Innovation Conference in summer 2009 as an attempt to strengthen its search result to counter Google.
Since then, Baidu expanded Box Computing by allowing developers to create applications that generate relevant apps and results, which ultimately creates superior user experience. For example, a search of "Beijing Shanghai" returns relevant train and airline schedule from Beijing to Shanghai, followed by other search results. The train and air schedules are considered most relevant to the Chinese users because the context behind "Beijing Shanghai" usually refers to travel routes.
According to Baidu, 60% of search results are produced by Box Computing, which delivers interactive, relevant, and intuitive search experience that makes Baidu a clear leader in China's online search market. Unfortunately, Google has yet to catch up with Baidu on semantic search.
Baidu's continued focus on developing Box Computing will allow Baidu to become a:
* Global search engine
* Formidable force in mobile search
Baidu entered Japan in 2007 to leverage its strength in character search and capitalize on the similarity between Chinese and Japanese languages but the Japanese business has yet to achieve meaningful impact on Baidu's global growth. Recently, Baidu formed a partnership with Agency for Science, Technology and Research (A*STAR) to establish an R&D center in Singapore that focuses on developing South Asian language processing technology. The joint research lab will initially focus on Vietnamese and Thai. I believe that Baidu will capitalize this opportunity to enhance its non-Chinese search capabilities and eventually gain a meaningful foothold in other major Asian markets such as Japan and Korea.
Baidu is also gaining traction in mobile search with the launch of mobile Box Computing and mobile OS, Baidu Yi. In addition, Baidu search bar will become the default search engine in Apple's iOS according to Sina Tech, which once again validates Baidu's search superiority over Google.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Should've Bought Baidu
27.03.2012
China search engine Baidu (BIDU) is leading all Chinese internet stocks on Tuesday. Let’s say it again, Baidu is definitely a buy (see sidebar).
Move up Move down
Top Value Picks In The BRICs For Week Of March 26 Kenneth Rapoza Kenneth Rapoza Contributor
Since late 2010, the Forbes BRIC Breaker/ValuEngine weekly buy list has been touting Baidu as the best tech stock to own in the emerging markets. It’s price to earnings multiples were in the 40s and are now at 50.6x trailing 12 month earnings. That’s down from last year’s average of around 60x. As far as China internet stock goes, Baidu looks cheap.
The Bloomberg China-U.S. Equity Index, which tracks the hotly traded Chinese ADRs, recently advanced 1.1% in New York to hit a 9 day high of 105.70. Baidu moved to highs not seen since August on a report that its online search engine service will likely be available in products that are running Apple’s iOS operating system. The stock is up 1.17% in late morning trade Tuesday. It’s up 30.8% since the start of the year to $152.57.
Research analysts at Piper Jaffray reiterated their overweight recommendation on Baidu on Tuesday, putting a 12-month price target of $202 on the stock.
Piper Jaffray called Baidu their top pick in China based on the current valuation. Shares of Baidu trade at 23x Piper’s 2013 EPS target, significantly lower than their expected 41% earnings growth.
“Comparing Baidu to Google when Google was at similar revenue levels, the path to continued mid double digit growth appears clear for the next 3-4 years,” analysts wrote. “There are unlikely to be specific catalysts to Baidu in the next few months, we believe the company continuing to deliver quarters with slight upside will make investors more comfortable without year growth rates and improve the multiple.”
27.03.2012
China search engine Baidu (BIDU) is leading all Chinese internet stocks on Tuesday. Let’s say it again, Baidu is definitely a buy (see sidebar).
Move up Move down
Top Value Picks In The BRICs For Week Of March 26 Kenneth Rapoza Kenneth Rapoza Contributor
Since late 2010, the Forbes BRIC Breaker/ValuEngine weekly buy list has been touting Baidu as the best tech stock to own in the emerging markets. It’s price to earnings multiples were in the 40s and are now at 50.6x trailing 12 month earnings. That’s down from last year’s average of around 60x. As far as China internet stock goes, Baidu looks cheap.
The Bloomberg China-U.S. Equity Index, which tracks the hotly traded Chinese ADRs, recently advanced 1.1% in New York to hit a 9 day high of 105.70. Baidu moved to highs not seen since August on a report that its online search engine service will likely be available in products that are running Apple’s iOS operating system. The stock is up 1.17% in late morning trade Tuesday. It’s up 30.8% since the start of the year to $152.57.
Research analysts at Piper Jaffray reiterated their overweight recommendation on Baidu on Tuesday, putting a 12-month price target of $202 on the stock.
Piper Jaffray called Baidu their top pick in China based on the current valuation. Shares of Baidu trade at 23x Piper’s 2013 EPS target, significantly lower than their expected 41% earnings growth.
“Comparing Baidu to Google when Google was at similar revenue levels, the path to continued mid double digit growth appears clear for the next 3-4 years,” analysts wrote. “There are unlikely to be specific catalysts to Baidu in the next few months, we believe the company continuing to deliver quarters with slight upside will make investors more comfortable without year growth rates and improve the multiple.”
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
WL
BAIDU sammelt Kraft für... sieht gut aus!
von Andre Rain
Montag 09.04.2012, 19:05 Uhr
Börse: NYSE in USD / Kursstand: 146,99 $
Die Baidu Aktie konnte mit dem dynamischen Ausbruch über die Abwärtstrendlinie am 22.03. ein Kaufsignal auslösen und anschließend einen Rallyschub bis 154,15 $ vollziehen. Jetzt konsolidiert der Wert oberhalb des letzten Zwischenhochs bei 142,49 $. Der nächste Rallyschub bis 154,15 und zum Allzeithoch bei 165,96 $ sollte in Kürze starten.
Weitere Rücksetzer bis 142,49 oder 139,40 - 141,70 $ wären unbedenklich und könnten interessante Chancen abgeben. Erst ein Rückfall per Tagesschluss unter 137,70 $ wäre kritisch zu werten, dann könnte eine Abwärtskorrektur bis zunächst 129,00 - 130,00 $ folgen.
von Andre Rain
Montag 09.04.2012, 19:05 Uhr
Börse: NYSE in USD / Kursstand: 146,99 $
Die Baidu Aktie konnte mit dem dynamischen Ausbruch über die Abwärtstrendlinie am 22.03. ein Kaufsignal auslösen und anschließend einen Rallyschub bis 154,15 $ vollziehen. Jetzt konsolidiert der Wert oberhalb des letzten Zwischenhochs bei 142,49 $. Der nächste Rallyschub bis 154,15 und zum Allzeithoch bei 165,96 $ sollte in Kürze starten.
Weitere Rücksetzer bis 142,49 oder 139,40 - 141,70 $ wären unbedenklich und könnten interessante Chancen abgeben. Erst ein Rückfall per Tagesschluss unter 137,70 $ wäre kritisch zu werten, dann könnte eine Abwärtskorrektur bis zunächst 129,00 - 130,00 $ folgen.
Baidu to Report First Quarter 2012 Financial Results on April 24, 2012
BEIJING, April 11, 2012 /PRNewswire-Asia/-- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the first quarter ended March 31, 2012, after the U.S. market closes on April 24, 2012. Baidu's management will hold an earnings conference call at 8:00 PM on April 24, 2012 U.S. Eastern Time (8:00 AM on April 25, 2012 Beijing/Hong Kong Time).
BEIJING, April 11, 2012 /PRNewswire-Asia/-- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the first quarter ended March 31, 2012, after the U.S. market closes on April 24, 2012. Baidu's management will hold an earnings conference call at 8:00 PM on April 24, 2012 U.S. Eastern Time (8:00 AM on April 25, 2012 Beijing/Hong Kong Time).
...na mal sehn, wie weit es noch hoch geht bis zum 24.4. ...ich glaub dann steig ich erst mal aus mit meinem call...seit jahresbeginn sieht der chart einfach geil aus
Antwort auf Beitrag Nr.: 43.038.965 von ecki007 am 14.04.12 12:10:35Bullshit, bin noch gar nicht drin, hab erst nächsten Monat Kohle, dann steig ich ein, nicht aus !!! Denke, das ist eine langfristige Angelegenheit ! Freu mich drauf !! Gruß B.
ja ick hab ja `n call CM6B8F
aus dem steig ich dann aus...und warte auf ein kleines down und dann rein in die aktie
aus dem steig ich dann aus...und warte auf ein kleines down und dann rein in die aktie
Antwort auf Beitrag Nr.: 43.044.041 von ecki007 am 16.04.12 14:42:33.. wer weiß, wer weiß, vielleicht brauchst du gar nicht so schnell auszusteigen, aus deinem Call ?? Gruß B.
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
3 Reasons to Watch Baidu Tomorrow Night
By Rick Aristotle Munarriz, The Motley Fool
Posted 10:20AM 04/23/12 Posted under: Investing
There will be plenty of stateside earnings reports to sift through this week, but don't forget to turn your attention to China tomorrow night.
Baidu (NAS: BIDU) -- China's dot-com darling -- will be reporting its quarterly results. If you're a nostalgic fan hungry for a time when search engines were speedsters, this is the report for you.
After growing its bottom line by 88% on an 83% uptick in revenue during last year's final quarter, China's leading search engine is still a sprinter. Analysts are targeting Baidu's earnings to soar 79% in tomorrow's quarterly report, propelled by an 82% surge on the top line.
There's obviously more to Baidu than just a blur of speed, so let's go over three things that will make Tuesday night's report interesting.
1. Baidu rarely comes up short
The only thing more aggressive than Wall Street projections is Baidu's actual performance. The fast-growing search provider has only missed analyst profit targets just once since going public at a split-adjusted $2.70 seven summers ago.
More to the point, Baidu has landed ahead of the prognosticators for 11 consecutive quarters.
EPS est. EPS Surprise
Q1 2011 $0.45 $0.47 4%
Q2 2011 $0.66 $0.72 9%
Q3 2011 $0.83 $0.84 1%
Q4 2011 $0.91 $0.92 1%
Source: Thomson Reuters.
The last two periods have been close, and concerns about China's slowing economic growth can't be dismissed. However, when the trend shows a company consistently besting out analysts the smart money has to be on another beat.
2. There's still plenty of room for growth
Baidu was commanding roughly two-thirds of the country's searches when Google (NAS: GOOG) decided to stage a partial retreat on principle. Big G was a distant silver medalist, but this should have opened the door for Bing or a homegrown upstart to eat into Google's market share.
Sohu.com's (NAS: SOHU) significantly smaller Sogou search engine has posted several quarters of triple digit growth, but it's still not much of a factor. Google's still the somewhat dormant second largest provider, and Baidu has been the big winner in growing its slice to a whopping 78% share of the Chinese market.
It's easy to get nervous. There isn't a lot of market share left for Baidu to gobble up. Thankfully the pie itself is growing. Baidu closed out 2011 with 311,000 active online marketing customers, a mere 13% increase over the past year. That is not a bad thing, since it also means that the average advertiser is spending a lot more to drum up leads through Baidu.
As China's youth embraces both cyberspace and discretionary income, advertisers will continue to make sure that they spend plenty through Baidu to make sure that they reach them.
3. Organic growth can be expanded with the right acquisitions
Baidu closed out the year with more than $2.2 billion at a time when it's getting hard for Chinese Internet companies to go public on stateside exchanges. Jaded investors have been burned by seemingly prolific IPOs that have gone nowhere.
Renren (NYS: RENN) was supposed to be all the rave as the Facebook of China, but the profitless social networking leader is trading for a little more than half of the $14 a share price that it went public at just 11 months ago.
Industry consolidation kicked off last month when video-streaming leader Youku (NYS: YOKU) agreed to acquire its nearest rival. Baidu won't be buying Google's Chinese business or even Sogou, but it's hunting season for related growth plays.
Whether Baidu wants to use its growing billfold either to buy fallen public companies or fast-growing private companies that find the climate for an IPO unkind, the company may have some thoughts as to what it plans to do with its cash-rich balance sheet.
Baidu's stock defied the rough time that most Chinese Internet companies had last year, rising 21% in 2011. The stock is actually trading 24% higher so far in 2012. Beating the market is easy when you have a habit of impressing Wall Street every three months. Baidu's next quarterly moment to shine comes tomorrow night.
Bullish on Baidu
A bullish call on Baidu has served me well on Motley Fool CAPS over the years. True to the CAPScall initiative, I'm not going to give up on it now. Baidu has soared 1,638% since I recommended it to newsletter subscribers six years ago, but now it's time to discover the next Rule-Breaking multibagger. It's a free report. Want it? Get it.
By Rick Aristotle Munarriz, The Motley Fool
Posted 10:20AM 04/23/12 Posted under: Investing
There will be plenty of stateside earnings reports to sift through this week, but don't forget to turn your attention to China tomorrow night.
Baidu (NAS: BIDU) -- China's dot-com darling -- will be reporting its quarterly results. If you're a nostalgic fan hungry for a time when search engines were speedsters, this is the report for you.
After growing its bottom line by 88% on an 83% uptick in revenue during last year's final quarter, China's leading search engine is still a sprinter. Analysts are targeting Baidu's earnings to soar 79% in tomorrow's quarterly report, propelled by an 82% surge on the top line.
There's obviously more to Baidu than just a blur of speed, so let's go over three things that will make Tuesday night's report interesting.
1. Baidu rarely comes up short
The only thing more aggressive than Wall Street projections is Baidu's actual performance. The fast-growing search provider has only missed analyst profit targets just once since going public at a split-adjusted $2.70 seven summers ago.
More to the point, Baidu has landed ahead of the prognosticators for 11 consecutive quarters.
EPS est. EPS Surprise
Q1 2011 $0.45 $0.47 4%
Q2 2011 $0.66 $0.72 9%
Q3 2011 $0.83 $0.84 1%
Q4 2011 $0.91 $0.92 1%
Source: Thomson Reuters.
The last two periods have been close, and concerns about China's slowing economic growth can't be dismissed. However, when the trend shows a company consistently besting out analysts the smart money has to be on another beat.
2. There's still plenty of room for growth
Baidu was commanding roughly two-thirds of the country's searches when Google (NAS: GOOG) decided to stage a partial retreat on principle. Big G was a distant silver medalist, but this should have opened the door for Bing or a homegrown upstart to eat into Google's market share.
Sohu.com's (NAS: SOHU) significantly smaller Sogou search engine has posted several quarters of triple digit growth, but it's still not much of a factor. Google's still the somewhat dormant second largest provider, and Baidu has been the big winner in growing its slice to a whopping 78% share of the Chinese market.
It's easy to get nervous. There isn't a lot of market share left for Baidu to gobble up. Thankfully the pie itself is growing. Baidu closed out 2011 with 311,000 active online marketing customers, a mere 13% increase over the past year. That is not a bad thing, since it also means that the average advertiser is spending a lot more to drum up leads through Baidu.
As China's youth embraces both cyberspace and discretionary income, advertisers will continue to make sure that they spend plenty through Baidu to make sure that they reach them.
3. Organic growth can be expanded with the right acquisitions
Baidu closed out the year with more than $2.2 billion at a time when it's getting hard for Chinese Internet companies to go public on stateside exchanges. Jaded investors have been burned by seemingly prolific IPOs that have gone nowhere.
Renren (NYS: RENN) was supposed to be all the rave as the Facebook of China, but the profitless social networking leader is trading for a little more than half of the $14 a share price that it went public at just 11 months ago.
Industry consolidation kicked off last month when video-streaming leader Youku (NYS: YOKU) agreed to acquire its nearest rival. Baidu won't be buying Google's Chinese business or even Sogou, but it's hunting season for related growth plays.
Whether Baidu wants to use its growing billfold either to buy fallen public companies or fast-growing private companies that find the climate for an IPO unkind, the company may have some thoughts as to what it plans to do with its cash-rich balance sheet.
Baidu's stock defied the rough time that most Chinese Internet companies had last year, rising 21% in 2011. The stock is actually trading 24% higher so far in 2012. Beating the market is easy when you have a habit of impressing Wall Street every three months. Baidu's next quarterly moment to shine comes tomorrow night.
Bullish on Baidu
A bullish call on Baidu has served me well on Motley Fool CAPS over the years. True to the CAPScall initiative, I'm not going to give up on it now. Baidu has soared 1,638% since I recommended it to newsletter subscribers six years ago, but now it's time to discover the next Rule-Breaking multibagger. It's a free report. Want it? Get it.
Nachbörslich aktuell ./. 9 %.
Baidu Announces First Quarter 2012 Results
BEIJING, April, 24, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2012[1].
First Quarter 2012 Highlights
* Total revenues in the first quarter of 2012 were RMB4.264 billion ($677.1 million), a 75.0% increase from the corresponding period in 2011.
* Operating profit in the first quarter of 2012 was RMB2.091 billion ($332.1 million), a 75.1% increase from the corresponding period in 2011.
* Net income attributable to Baidu in the first quarter of 2012 was RMB1.883 billion ($299.0 million), a 75.9% increase from the corresponding period in 2011. Diluted earnings attributable to Baidu per ADS for the first quarter of 2012 were RMB5.38($0.85); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2012 were RMB5.48 ($0.87).
"We've started the year with solid financial results and steady business progress," said Robin Li, chairman and chief executive officer of Baidu. "Although this is usually a seasonally slow quarter, our effective sales and marketing efforts enabled us to expand our SME customer base significantly."
Mr. Li continued, "China's Internet landscape is evolving quickly and we are very excited about fast-emerging opportunities in areas such as mobile and Cloud Computing. We believe that Baidu is uniquely positioned to capture this immense growth potential in the Chinese online market."
Jennifer Li, Baidu's chief financial officer, commented, "We kept up our pace of investment in talent and network infrastructure in the first quarter in support of our long-term growth initiatives. We are committed to this aggressive investment strategy for the year ahead and will maintain our focus on managing operational efficiency to ensure sustainable growth."
Baidu Announces First Quarter 2012 Results
BEIJING, April, 24, 2012 /PRNewswire-Asia/ -- Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2012[1].
First Quarter 2012 Highlights
* Total revenues in the first quarter of 2012 were RMB4.264 billion ($677.1 million), a 75.0% increase from the corresponding period in 2011.
* Operating profit in the first quarter of 2012 was RMB2.091 billion ($332.1 million), a 75.1% increase from the corresponding period in 2011.
* Net income attributable to Baidu in the first quarter of 2012 was RMB1.883 billion ($299.0 million), a 75.9% increase from the corresponding period in 2011. Diluted earnings attributable to Baidu per ADS for the first quarter of 2012 were RMB5.38($0.85); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2012 were RMB5.48 ($0.87).
"We've started the year with solid financial results and steady business progress," said Robin Li, chairman and chief executive officer of Baidu. "Although this is usually a seasonally slow quarter, our effective sales and marketing efforts enabled us to expand our SME customer base significantly."
Mr. Li continued, "China's Internet landscape is evolving quickly and we are very excited about fast-emerging opportunities in areas such as mobile and Cloud Computing. We believe that Baidu is uniquely positioned to capture this immense growth potential in the Chinese online market."
Jennifer Li, Baidu's chief financial officer, commented, "We kept up our pace of investment in talent and network infrastructure in the first quarter in support of our long-term growth initiatives. We are committed to this aggressive investment strategy for the year ahead and will maintain our focus on managing operational efficiency to ensure sustainable growth."
April 24, 2012, 4:08 P.M. ET
Baidu Drops 10%: Q1 EPS Beats, Q2 Rev View Light
By Tiernan Ray
Chinese Internet search giant Baidu (BIDU) this afternoon reported Q1 revenue of $677.1 million, and EPS of 87 cents, matching the consensus revenue estimate but beating by 3 cents on the bottom line.
For the current quarter, the company sees revenue in a range of $847 million to $867 million, below the consensus $860.2 million.
Baidu shares are down $14.08, or 10%, at $121.75.
Baidu Drops 10%: Q1 EPS Beats, Q2 Rev View Light
By Tiernan Ray
Chinese Internet search giant Baidu (BIDU) this afternoon reported Q1 revenue of $677.1 million, and EPS of 87 cents, matching the consensus revenue estimate but beating by 3 cents on the bottom line.
For the current quarter, the company sees revenue in a range of $847 million to $867 million, below the consensus $860.2 million.
Baidu shares are down $14.08, or 10%, at $121.75.
denen geht´s gerade genauso an die Eier wie Apple, Priceline, Salesforce + Co ......
beating by 3 cents und 10% minus...versteh das einer
April 25, 2012, 1:45 P.M. ET
Baidu: Estimates, Targets Fall; S&P Ups to Strong Buy
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) are down $3.29, or 2.4%, at $132.54 after the company last night reported Q1 revenue and profit per share ahead of consensus but offered a Q2 revenue view that missed analysts’ estimates.
The stock today is under pressure from price target cuts, though it received one upgrade, from Standard & Poor’s Scott Kessler, who raised his rating to Strong Buy from Buy, while maintaining his $180 price target.
While Kessler cut his 2012 EPS estimate to $4.60 from $5, and cut his 2013 estimate to $6.65 per share from $7, nevertheless, he sees the company “investing in new initiatives/offerings” and thinks they will pay off in “substantial growth” and that the shares have an “attractive valuation.”
Others are not so kind.
Morgan Stanley’s Richard Ji reiterates an Equal Weight rating on the stock, and a $135.20 price target, writing that the company’s EPS growth is set to “moderate” this year, because of macroeconomic challenges in China, and higher investments, as well as the law of large numbers for its earnings.
Higher price-per-click was a positive, he notes, with customer spending rising 49%, year over year, on average. And the volume of active paying customers was up 17%. There were also signs Baidu is making progress with mobile search, he writes.
But the customer base is more reserved in its spending:
On our observations, Chinese SMEs [small- and medium-sized enterprises], which are Baidu’s primary customers, are facing unprecedented challenges due to cost inflation, funding shortage and lower demand visibility, while Baidu’s large e-commerce/group buying customers become more rational in their marketing spending this year.
Ji cut this year’s EPS estimate to 28.43 in Chinese Renminbi, on a 3% lower revenue estimate for 20.7 billion Renminbi, and cut 2013′s estimate to 37.20 from a prior 38.60 on a 5% lower revenue estimate for 2013 of 28.9 billion.
Stifel Nicolaus’s George Askew reiterates a Buy rating, but cuts his price target to $165 from $190, writing that “High-multiple stocks require significant beat-and-raise results, not meet-and-affirm, and Baidu failed to deliver a beat.”
Like Ji, he points out the number of smaller customers is a problem at the moment, though it could be “great” over time:
2012 is the year of small- and medium-sized enterprises [which] is likely dilutive to revenue per customer and requires more sales force resources. In 1Q12, Baidu added 10,000 new active online marketing customers, primarily SMEs, which is the second highest number of new customers in the last six quarters. SMEs inherently spend less than larger customers, which partially dilutes revenue per active online marketing customer, $2,112 in 1Q12 (negative seasonality impact), down from $2,288 in 4Q11, and $2,177 in 3Q11.
Askew cut his 2012 estimate to $5.6 billion in revenue and $2.95 per share from a prior $5.7 billion and $3.02 per share.
Baidu: Estimates, Targets Fall; S&P Ups to Strong Buy
By Tiernan Ray
Shares of Chinese search engine Baidu (BIDU) are down $3.29, or 2.4%, at $132.54 after the company last night reported Q1 revenue and profit per share ahead of consensus but offered a Q2 revenue view that missed analysts’ estimates.
The stock today is under pressure from price target cuts, though it received one upgrade, from Standard & Poor’s Scott Kessler, who raised his rating to Strong Buy from Buy, while maintaining his $180 price target.
While Kessler cut his 2012 EPS estimate to $4.60 from $5, and cut his 2013 estimate to $6.65 per share from $7, nevertheless, he sees the company “investing in new initiatives/offerings” and thinks they will pay off in “substantial growth” and that the shares have an “attractive valuation.”
Others are not so kind.
Morgan Stanley’s Richard Ji reiterates an Equal Weight rating on the stock, and a $135.20 price target, writing that the company’s EPS growth is set to “moderate” this year, because of macroeconomic challenges in China, and higher investments, as well as the law of large numbers for its earnings.
Higher price-per-click was a positive, he notes, with customer spending rising 49%, year over year, on average. And the volume of active paying customers was up 17%. There were also signs Baidu is making progress with mobile search, he writes.
But the customer base is more reserved in its spending:
On our observations, Chinese SMEs [small- and medium-sized enterprises], which are Baidu’s primary customers, are facing unprecedented challenges due to cost inflation, funding shortage and lower demand visibility, while Baidu’s large e-commerce/group buying customers become more rational in their marketing spending this year.
Ji cut this year’s EPS estimate to 28.43 in Chinese Renminbi, on a 3% lower revenue estimate for 20.7 billion Renminbi, and cut 2013′s estimate to 37.20 from a prior 38.60 on a 5% lower revenue estimate for 2013 of 28.9 billion.
Stifel Nicolaus’s George Askew reiterates a Buy rating, but cuts his price target to $165 from $190, writing that “High-multiple stocks require significant beat-and-raise results, not meet-and-affirm, and Baidu failed to deliver a beat.”
Like Ji, he points out the number of smaller customers is a problem at the moment, though it could be “great” over time:
2012 is the year of small- and medium-sized enterprises [which] is likely dilutive to revenue per customer and requires more sales force resources. In 1Q12, Baidu added 10,000 new active online marketing customers, primarily SMEs, which is the second highest number of new customers in the last six quarters. SMEs inherently spend less than larger customers, which partially dilutes revenue per active online marketing customer, $2,112 in 1Q12 (negative seasonality impact), down from $2,288 in 4Q11, and $2,177 in 3Q11.
Askew cut his 2012 estimate to $5.6 billion in revenue and $2.95 per share from a prior $5.7 billion and $3.02 per share.
New Reasons Investors are Buying Baidu Now
By Helen Hagan - May 4, 2012
If you are an adventurous investor, and a student of world culture, you might consider investing in Baidu (NASDAQ: BIDU). Baidu certainly does not have the western household recognition of a Google (NASDAQ: GOOG), but it is the largest search engine in China, with a 60% share of the desktop search engine market in that country.
In late April, Baidu Chairman and CEO, Robin Li, announced the company's financial results for the first quarter of calendar year 2012, and they were impressive. Operating in the "new" Chinese business environment which no longer looks down on making money, Baidu reported a net profit of $299 million on $2.59 billion in annual revenue, and its quarterly revenue of $677.1 million was right in line with the market estimates of $677.51 million. It beat the per share earningsestimate of $.84 per share, coming in at $.87 per share, and its operating profit realized a 75% gain. While its projected revenue for the second quarter of calendar year 2012, at $847.2 million, is short of the estimated midpoint ($860.2 million) for the second quarter, it still shows about a 58% increase from the prior year despite the slow-down in the growth of the Chinese economy.
Baidu's Competition
Baidu's competitors in its market are few and far between compared to competition in the western market, and very far behind Baidu in terms of market share. Sohu reported $246 million in revenue for calendar year 2011, which is about 9% of Baidu's revenue. Sina (NASDAQ: SINA) is Baidu's biggest domestic internet competitor, and actually has the largest on-line Chinese community with over 280 million registered users, partly fueled by its very popular blog, Weibo.com. In calendar year 2011, Sina reported net revenues of $482.8 million, which comes in at about 19% of the total revenue for Baidu.
The only international search engine company to get a real foothold in China has been Google. However, if you access the google.cn (Google China), search page, you will be redirected to google.hk (Google Hong Kong). After several years of trying to comply with the Chinese censorship rules, as well as effectively operate under Western business laws, ethics and guidelines in an emerging Asian nation, the largest search engine in the world basically threw in the towel. Google now just maintains a legal presence in China (meaning it keeps its license to operate there). As a matter of fact, the most common rant I see about Baidu is that it is profitable and the largest because it does not operate on a level playing field. The protection it receives from the Chinese government, that basically hogties any foreign companies which may be in direct competition with Chinese companies, is blatantly unfair and illegal, which is all very true, by Western rules and standards.
This is where your knowledge of world culture may help. All the rant is true by Western rules and standards, but it is not true by Chinese rules and standards. For example, Baidu had more search traffic than Google, particularly in music and videos, because its laws are much more "flexible" when it comes to copyright infringement. Western law tends to frown on that kind of thing. While Google obeys the Western legal requirements, Baidu does not because it operates in China. But even in China, Google can't afford to ignore international laws because it does indeed operate on an international level. Baidu does not. So the playing field in China really is very uneven.
Should you invest in Baidu? Sure. Just be certain you know what to look for and what to watch.
For your investment dollar, Baidu is a company with little competition, in the largest emerging internet search market in the world. It already dominates the desktop search market in China. However, it does have more competition in the mobile device search market, with a much smaller share of about 35%. At 22% market share, Tencent Holdings is at least within range of Baidu. Baidu makes money, it pays a dividend, and it has no real competition in its niche; and it sits in a very big and growing niche.
Walking in Google's Shadow
While Baidu is not going head-to-head with Google at the moment, it certainly seems to be trying to walk in the search engine giant's footsteps. Google has Android. Rumors have been flying that Baidu is in talks with Foxconn, the manufacturer of iPhones and iPads in China, to produce its own smartphone, and has teamed up with Dell to promote its own operating system, Baidu Yi, a derivative of the Android operating system. It has also hedged its smartphone bet, undoubtedly to help increase its mobile search market percentage, by entering into an agreement with Apple to carry the Baidu search icon on its iPhones. It would not be surprising if Baidu's next step will be to offer its own cloud computing service to keep in lockstep with Google's cloud service, Google Drive.
Keep in mind that while Google made an exit (for the time being) in China, essentially leaving the playing field to Baidu, any search engine company trying to compete against Google would most likely take all the protection it could get before facing it on an international stage. Baidu is popular in a populous country, and it shows with the amount of revenue it generates. But Google generated $39 billion in revenue in calendar year 2011, which on a world stage, makes Baidu 7% the size of Google.
So, what to watch for on Baidu's own stage in China? Well, protection under a government's wing is a double edged sword. As long as the company is the favored one, it fairs well. But if that favor turns to another company, then Baidu may very well find itself in the same boat that Google was in. Business Week reported in its April 20, 2012 electronic edition that "The People's Daily", the newspaper darling of the Chinese government, will be listing its on-line business on the Shanghai Stock Exchange, and going for an IPO of $222 million. Keep in mind the workings of the Chinese culture, and an eye on this development carefully. Having bought Baidu stock, any moves by the government to promote "The People's Daily", or curb the growth of Baidu, will be a clear indication that it's time to sell.
By Helen Hagan - May 4, 2012
If you are an adventurous investor, and a student of world culture, you might consider investing in Baidu (NASDAQ: BIDU). Baidu certainly does not have the western household recognition of a Google (NASDAQ: GOOG), but it is the largest search engine in China, with a 60% share of the desktop search engine market in that country.
In late April, Baidu Chairman and CEO, Robin Li, announced the company's financial results for the first quarter of calendar year 2012, and they were impressive. Operating in the "new" Chinese business environment which no longer looks down on making money, Baidu reported a net profit of $299 million on $2.59 billion in annual revenue, and its quarterly revenue of $677.1 million was right in line with the market estimates of $677.51 million. It beat the per share earningsestimate of $.84 per share, coming in at $.87 per share, and its operating profit realized a 75% gain. While its projected revenue for the second quarter of calendar year 2012, at $847.2 million, is short of the estimated midpoint ($860.2 million) for the second quarter, it still shows about a 58% increase from the prior year despite the slow-down in the growth of the Chinese economy.
Baidu's Competition
Baidu's competitors in its market are few and far between compared to competition in the western market, and very far behind Baidu in terms of market share. Sohu reported $246 million in revenue for calendar year 2011, which is about 9% of Baidu's revenue. Sina (NASDAQ: SINA) is Baidu's biggest domestic internet competitor, and actually has the largest on-line Chinese community with over 280 million registered users, partly fueled by its very popular blog, Weibo.com. In calendar year 2011, Sina reported net revenues of $482.8 million, which comes in at about 19% of the total revenue for Baidu.
The only international search engine company to get a real foothold in China has been Google. However, if you access the google.cn (Google China), search page, you will be redirected to google.hk (Google Hong Kong). After several years of trying to comply with the Chinese censorship rules, as well as effectively operate under Western business laws, ethics and guidelines in an emerging Asian nation, the largest search engine in the world basically threw in the towel. Google now just maintains a legal presence in China (meaning it keeps its license to operate there). As a matter of fact, the most common rant I see about Baidu is that it is profitable and the largest because it does not operate on a level playing field. The protection it receives from the Chinese government, that basically hogties any foreign companies which may be in direct competition with Chinese companies, is blatantly unfair and illegal, which is all very true, by Western rules and standards.
This is where your knowledge of world culture may help. All the rant is true by Western rules and standards, but it is not true by Chinese rules and standards. For example, Baidu had more search traffic than Google, particularly in music and videos, because its laws are much more "flexible" when it comes to copyright infringement. Western law tends to frown on that kind of thing. While Google obeys the Western legal requirements, Baidu does not because it operates in China. But even in China, Google can't afford to ignore international laws because it does indeed operate on an international level. Baidu does not. So the playing field in China really is very uneven.
Should you invest in Baidu? Sure. Just be certain you know what to look for and what to watch.
For your investment dollar, Baidu is a company with little competition, in the largest emerging internet search market in the world. It already dominates the desktop search market in China. However, it does have more competition in the mobile device search market, with a much smaller share of about 35%. At 22% market share, Tencent Holdings is at least within range of Baidu. Baidu makes money, it pays a dividend, and it has no real competition in its niche; and it sits in a very big and growing niche.
Walking in Google's Shadow
While Baidu is not going head-to-head with Google at the moment, it certainly seems to be trying to walk in the search engine giant's footsteps. Google has Android. Rumors have been flying that Baidu is in talks with Foxconn, the manufacturer of iPhones and iPads in China, to produce its own smartphone, and has teamed up with Dell to promote its own operating system, Baidu Yi, a derivative of the Android operating system. It has also hedged its smartphone bet, undoubtedly to help increase its mobile search market percentage, by entering into an agreement with Apple to carry the Baidu search icon on its iPhones. It would not be surprising if Baidu's next step will be to offer its own cloud computing service to keep in lockstep with Google's cloud service, Google Drive.
Keep in mind that while Google made an exit (for the time being) in China, essentially leaving the playing field to Baidu, any search engine company trying to compete against Google would most likely take all the protection it could get before facing it on an international stage. Baidu is popular in a populous country, and it shows with the amount of revenue it generates. But Google generated $39 billion in revenue in calendar year 2011, which on a world stage, makes Baidu 7% the size of Google.
So, what to watch for on Baidu's own stage in China? Well, protection under a government's wing is a double edged sword. As long as the company is the favored one, it fairs well. But if that favor turns to another company, then Baidu may very well find itself in the same boat that Google was in. Business Week reported in its April 20, 2012 electronic edition that "The People's Daily", the newspaper darling of the Chinese government, will be listing its on-line business on the Shanghai Stock Exchange, and going for an IPO of $222 million. Keep in mind the workings of the Chinese culture, and an eye on this development carefully. Having bought Baidu stock, any moves by the government to promote "The People's Daily", or curb the growth of Baidu, will be a clear indication that it's time to sell.
so ein schwachsinn...wo ist der boden...nichts rechtfertigt diesen kussturz...und verdammt ich bin nicht ausgestiegen...scheiße
wie tief noch ???
Updated May 14, 2012, 10:35 a.m. ET
Baidu to Offer Low-Cost Smartphone
BY PAUL MOZUR
BEIJING—Baidu Inc. is poised to launch the first low-cost smartphone running its newest mobile operating platform, in a move that could shake up China's burgeoning mobile-phone market.
The phone, which will run the Chinese search company's Baidu Cloud, will allow users to access a variety of Baidu applications, such as its maps and licensed music services, while also providing them with 100 gigabytes of storage on its cloud system, according a person close to the company. The handset is being made in cooperation with Foxconn International Holdings Ltd. and China Unicom Ltd., but ...
BY PAUL MOZUR
BEIJING—Baidu Inc. is poised to launch the first low-cost smartphone running its newest mobile operating platform, in a move that could shake up China's burgeoning mobile-phone market.
The phone, which will run the Chinese search company's Baidu Cloud, will allow users to access a variety of Baidu applications, such as its maps and licensed music services, while also providing them with 100 gigabytes of storage on its cloud system, according a person close to the company. The handset is being made in cooperation with Foxconn International Holdings Ltd. and China Unicom Ltd., but ...
Baidu to Offer Low-Cost Smartphone
BY PAUL MOZUR
BEIJING—Baidu Inc. is poised to launch the first low-cost smartphone running its newest mobile operating platform, in a move that could shake up China's burgeoning mobile-phone market.
The phone, which will run the Chinese search company's Baidu Cloud, will allow users to access a variety of Baidu applications, such as its maps and licensed music services, while also providing them with 100 gigabytes of storage on its cloud system, according a person close to the company. The handset is being made in cooperation with Foxconn International Holdings Ltd. and China Unicom Ltd., but ...
BY PAUL MOZUR
BEIJING—Baidu Inc. is poised to launch the first low-cost smartphone running its newest mobile operating platform, in a move that could shake up China's burgeoning mobile-phone market.
The phone, which will run the Chinese search company's Baidu Cloud, will allow users to access a variety of Baidu applications, such as its maps and licensed music services, while also providing them with 100 gigabytes of storage on its cloud system, according a person close to the company. The handset is being made in cooperation with Foxconn International Holdings Ltd. and China Unicom Ltd., but ...
[b]Baidu Cloud: Baidu nimmt den Kampf gegen Android und iOS auf
Der chinesische Internetriese scheint nun tatsächlich gegen die ausländische Konkurrenz tätig werden zu wollen. Wie vor kurzem bekannt wurde plant der Konzern nicht nur die Einführung eines eigenen Cloud-Service, auch ein Baidu Phone soll in Zusammenarbeit mit Foxconn auf den Markt kommen.[/b]
(14.05.2012; 17:00) Baidu scheint es mit den großen Konkurrenten wie Google und Co. aufnehmen zu wollen. Das Unternehmen plant einen baldigen Launch von Baidu Cloud, einer Smartphone-Plattform die Cloud-Speicher und andere Web-Services integriert.
Baidu ist in China die größte und am meisten verbreitete Suchmaschine und besitzt bereits sein eigenes auf Android basierendes Betriebssystem, namens Yi. Einem Sprecher von Baidu zufolge ist aber ein weiteres Produkt geplant, dass den Cloud-Service integriert.
Verantwortliche gaben bereits einige Details dazu bekannt, ebenso die Information, dass man sich in Gesprächen mit globalen Partnern befindet. Genaueres soll aber erst direkt am Launch-Event der Öffentlichkeit mitgeteilt werden – darunter auch, um welche Partner es sich genau handelt.
Wangpan soll von der neuen Plattform voll profitieren können. Der Service ist vergleichbar mit dem erst seit kurzem erhältlichen Google Drive und befindet sich noch in der Beta-Version.
Es ist nach wie vor aber unklar, ob es einen Zusammenhang zwischen der Markteinführung von Baidu Cloud und den Spekulationen über ein Baidu Phone gibt. Nach Berichten von Tech In Asia soll Baidu gemeinsam mit Foxconn an einem derartigen Smartphone arbeiten. Es könnte mitunter durchaus sein, dass Foxconn an einem Baidu-Device arbeitet und das unterstützt wird von Baidu Cloud, während für das Betriebssystem hingegen, Lizenzen vergeben werden können.
Apple und auch Google konnten sich in den letzten Monaten durchaus positiv am chinesischen Markt etablieren. Apple hat binnen drei Monaten insgesamt 21 Millionen iOS-Devices verkauft und damit allein in China einen Umsatz von 7,9 Milliarden US-Dollar erreicht. Aber auch Google kann einige Erfolge für sich verbuchen, denn über 68 Prozent der verkauften Smartphones waren mit dem Betriebssystem Android ausgestattet.
Sollten sich die Gerüchte um ein Baidu Phone bestätigen, würde das den Markt in China nochmals aufmischen. Denn die Geräte sollen angeblich bereits um einen Preis von 159 US-Dollar angeboten werden.
Unabhängig davon hat Baidu Cloud das Potenzial, durch die Bereitstellung eines dedizierten chinesischen Betriebssystems, ein ernsthafter Rivale zu Android zu werden, da die Google-Dienste damit völlig umgangen werden können. Vor allem für Smartphone-Hersteller würde eine solche Plattform einen entsprechenden Anreiz bieten, sich im aufstrebenden China, mit einem lokalen Angebot, zu positionieren.
Der chinesische Internetriese scheint nun tatsächlich gegen die ausländische Konkurrenz tätig werden zu wollen. Wie vor kurzem bekannt wurde plant der Konzern nicht nur die Einführung eines eigenen Cloud-Service, auch ein Baidu Phone soll in Zusammenarbeit mit Foxconn auf den Markt kommen.[/b]
(14.05.2012; 17:00) Baidu scheint es mit den großen Konkurrenten wie Google und Co. aufnehmen zu wollen. Das Unternehmen plant einen baldigen Launch von Baidu Cloud, einer Smartphone-Plattform die Cloud-Speicher und andere Web-Services integriert.
Baidu ist in China die größte und am meisten verbreitete Suchmaschine und besitzt bereits sein eigenes auf Android basierendes Betriebssystem, namens Yi. Einem Sprecher von Baidu zufolge ist aber ein weiteres Produkt geplant, dass den Cloud-Service integriert.
Verantwortliche gaben bereits einige Details dazu bekannt, ebenso die Information, dass man sich in Gesprächen mit globalen Partnern befindet. Genaueres soll aber erst direkt am Launch-Event der Öffentlichkeit mitgeteilt werden – darunter auch, um welche Partner es sich genau handelt.
Wangpan soll von der neuen Plattform voll profitieren können. Der Service ist vergleichbar mit dem erst seit kurzem erhältlichen Google Drive und befindet sich noch in der Beta-Version.
Es ist nach wie vor aber unklar, ob es einen Zusammenhang zwischen der Markteinführung von Baidu Cloud und den Spekulationen über ein Baidu Phone gibt. Nach Berichten von Tech In Asia soll Baidu gemeinsam mit Foxconn an einem derartigen Smartphone arbeiten. Es könnte mitunter durchaus sein, dass Foxconn an einem Baidu-Device arbeitet und das unterstützt wird von Baidu Cloud, während für das Betriebssystem hingegen, Lizenzen vergeben werden können.
Apple und auch Google konnten sich in den letzten Monaten durchaus positiv am chinesischen Markt etablieren. Apple hat binnen drei Monaten insgesamt 21 Millionen iOS-Devices verkauft und damit allein in China einen Umsatz von 7,9 Milliarden US-Dollar erreicht. Aber auch Google kann einige Erfolge für sich verbuchen, denn über 68 Prozent der verkauften Smartphones waren mit dem Betriebssystem Android ausgestattet.
Sollten sich die Gerüchte um ein Baidu Phone bestätigen, würde das den Markt in China nochmals aufmischen. Denn die Geräte sollen angeblich bereits um einen Preis von 159 US-Dollar angeboten werden.
Unabhängig davon hat Baidu Cloud das Potenzial, durch die Bereitstellung eines dedizierten chinesischen Betriebssystems, ein ernsthafter Rivale zu Android zu werden, da die Google-Dienste damit völlig umgangen werden können. Vor allem für Smartphone-Hersteller würde eine solche Plattform einen entsprechenden Anreiz bieten, sich im aufstrebenden China, mit einem lokalen Angebot, zu positionieren.
mmmhhh gegen Android und iOS...okmacht sinn ist aber auch gefährlich...was wenn es flop wird...siehe Blackberry
so...ist der boden nun erreicht?
so...ist der boden nun erreicht?
Hier wird die künftige Baidu-Entwicklung doch recht kritisch gesehen
Baidu Could Fall 50% By Mid-2013
May 24, 2012
By Mark Goldstein
Baidu (BIDU), the China-based Search Engine famously labeled the Google (GOOG) of China, recently announced that it was entering the smartphone market with the ChangHong H5018, a device that resembles Nokia's (NOK) Lumia 800, but is powered by a hybrid (or "forked") version of Google's Android OS called Baidu Yi.
The obvious question is why a search provider like Baidu is developing its own Android device rather than taking the obvious route and asking known OEMs like Samsung (SSNLF.PK) or HTC to create one for it. The first answer is that Baidu, taking a page out of Google's playbook, is developing its own smartphone to serve as a delivery mechanism for its services.
The second answer is that going to companies like Samsung and HTC would probably have resulted in a device much more expensive than one that local firms like Huawei or any of the smaller low-cost Chinese OEMs could have produced - especially considering its $140 price-tag.
The two answers are critical; a delivery platform needs to be, by definition, accessible - an expensive device costing hundreds of yuan would make it unattractive for customers in a country where the average monthly wage is estimated to be $360.
What's more, a pricey device would make it unlikely for Chinese mobile firms like China Mobile or China Unicom to subsidize it for its customers. Indeed, the Chinese market is already replete with thousands of low-cost devices capable of basic Internet connectivity at just a third of the ChangHong H5018's price tag. It's more likely that the device will be marketed as a direct-to-retail device.
Interestingly, in 2011, Baidu partnered with Dell (DELL) to bring the Android-powered Dell Streak V to China, but at $466, it was clearly aimed at the high-end of the market. The announcement of the ChangHong H5018 also seems to imply that the Dell device was meant to serve as a test-bed for future products - perhaps including the ChangHong H5018.
At the very least, having its own handset to tether its users to its search network should allow Baidu to take finer control of the incipient mobile search market in China where it is only one player among several. To wit, while Baidu already has 77% of the desktop search market in China, it doesn t dominate the lower-end mobile search space, trailing its competitor Easou in low-speed WAP traffic, 35% to 36%. Another competitor, Tencent, is not that far behind with 22% of the market.
Moreover, while Baidu controls a similar 35% in the Overall Mobile Search market, Easou, Tencent and Google control 55% of the market combined. For a company used to dominating the search market in one arena (i.e. desktop search), ceding control of 58% in another must be a cause of consternation.
That said, Baidu's smaller mobile market share might be unavoidable: as the largest search engine in China, Baidu has retained a cozy relationship with Chinese regulators that is only occasionally strained. That means that whenever controversies arise, Baidu filters user' search result to block sensitive sites, leading users to use their WAP-based mobile devices to access other search engines that don't adhere to regulators' whims, as Google has learned to its detriment.
Whatever the case, Apple's purported decision to include Baidu among the search engines built into iOS is a welcome development for the search company - at least insofar as it will allow Baidu to retain search users among China's burgeoning middle class, with whom the iPhone is popular. This, however, will not help in the lower-end WAP device market.
Meanwhile, as Web Services, particularly cloud storage, become de rigueur for technology firms, the pressure to introduce copycat services has intensified, especially among rival firms. Clearly, with the advent of Google Drive, Baidu has decided to throw its hat into the online storage arena to round out its Web Services menu - and is intent on using its smartphone as a delivery mechanism.
Specifically, the ChangHong H5018 comes with 300 Gigabytes (GB) of free storage on Baidu Netdrive - an astounding proposition considering that popular services like Google Drive, iCloud and Dropbox typically provide between 2 to 5GB for free. Even Microsoft's SkyDrive service provides a maximum of just 25GB free to long-time users.
Based on US rates, the free storage that Baidu is packaging with the ChangHong H5018 is worth as much as $600 per year per device - that's equivalent to the subsidies that AT&T and Verizon pay on their iPhone offerings for the life of a 2-year contract.
To put it in terms of a simple financial analogy: Baidu's cloud strategy is equivalent to selling the top-end 64GB model of the iPhone 4S for a discounted rate of $140 per unit without a monthly fee-based contract.
Clearly, Baidu is expecting big things from Baidu Yi and Baidu Netdrive - but the subsidy it is paying to ensure their success may be too steep, unless it is planning to recoup those earnings down the line through additional search-related ad revenue or perform a bait-and-switch that customers will not appreciate. As it currently stands, the more successful the ChangHong H5018 is, the more money Baidu is in danger of losing.
Conclusion
Baidu's strategy of utilizing smartphones to gain market share for its mobile search and incipient cloud services is commendable. That said, the way it is structured is far from financially sound and represents a soft point going forward, especially for a company that does not have as deep a pool of financial resources that others, like Google, do.
What's more, even Google does not give that much storage away for free and Baidu would have been better off partnering with services like Box, Dropbox or any number of the other online storage incumbents to provide the service to its customers, as firms like Samsung and LG have done with their newer devices.
Baidu currently trades at a Price-Earnings (P/E) Ratio of 34 - that's almost 1.9x that of Google's PE of around 18, significantly higher than that of the S&P500 (21x) and even Apple (13x) and higher still than the search sector's (28x). In that sense, Baidu is trading at a significant premium that its own strategy is in danger of undermining - regardless of how large the Chinese market's potential is.
Consequently, I believe that Baidu's shares could lose as much as 50% of their value in a year's time.
Baidu Could Fall 50% By Mid-2013
May 24, 2012
By Mark Goldstein
Baidu (BIDU), the China-based Search Engine famously labeled the Google (GOOG) of China, recently announced that it was entering the smartphone market with the ChangHong H5018, a device that resembles Nokia's (NOK) Lumia 800, but is powered by a hybrid (or "forked") version of Google's Android OS called Baidu Yi.
The obvious question is why a search provider like Baidu is developing its own Android device rather than taking the obvious route and asking known OEMs like Samsung (SSNLF.PK) or HTC to create one for it. The first answer is that Baidu, taking a page out of Google's playbook, is developing its own smartphone to serve as a delivery mechanism for its services.
The second answer is that going to companies like Samsung and HTC would probably have resulted in a device much more expensive than one that local firms like Huawei or any of the smaller low-cost Chinese OEMs could have produced - especially considering its $140 price-tag.
The two answers are critical; a delivery platform needs to be, by definition, accessible - an expensive device costing hundreds of yuan would make it unattractive for customers in a country where the average monthly wage is estimated to be $360.
What's more, a pricey device would make it unlikely for Chinese mobile firms like China Mobile or China Unicom to subsidize it for its customers. Indeed, the Chinese market is already replete with thousands of low-cost devices capable of basic Internet connectivity at just a third of the ChangHong H5018's price tag. It's more likely that the device will be marketed as a direct-to-retail device.
Interestingly, in 2011, Baidu partnered with Dell (DELL) to bring the Android-powered Dell Streak V to China, but at $466, it was clearly aimed at the high-end of the market. The announcement of the ChangHong H5018 also seems to imply that the Dell device was meant to serve as a test-bed for future products - perhaps including the ChangHong H5018.
At the very least, having its own handset to tether its users to its search network should allow Baidu to take finer control of the incipient mobile search market in China where it is only one player among several. To wit, while Baidu already has 77% of the desktop search market in China, it doesn t dominate the lower-end mobile search space, trailing its competitor Easou in low-speed WAP traffic, 35% to 36%. Another competitor, Tencent, is not that far behind with 22% of the market.
Moreover, while Baidu controls a similar 35% in the Overall Mobile Search market, Easou, Tencent and Google control 55% of the market combined. For a company used to dominating the search market in one arena (i.e. desktop search), ceding control of 58% in another must be a cause of consternation.
That said, Baidu's smaller mobile market share might be unavoidable: as the largest search engine in China, Baidu has retained a cozy relationship with Chinese regulators that is only occasionally strained. That means that whenever controversies arise, Baidu filters user' search result to block sensitive sites, leading users to use their WAP-based mobile devices to access other search engines that don't adhere to regulators' whims, as Google has learned to its detriment.
Whatever the case, Apple's purported decision to include Baidu among the search engines built into iOS is a welcome development for the search company - at least insofar as it will allow Baidu to retain search users among China's burgeoning middle class, with whom the iPhone is popular. This, however, will not help in the lower-end WAP device market.
Meanwhile, as Web Services, particularly cloud storage, become de rigueur for technology firms, the pressure to introduce copycat services has intensified, especially among rival firms. Clearly, with the advent of Google Drive, Baidu has decided to throw its hat into the online storage arena to round out its Web Services menu - and is intent on using its smartphone as a delivery mechanism.
Specifically, the ChangHong H5018 comes with 300 Gigabytes (GB) of free storage on Baidu Netdrive - an astounding proposition considering that popular services like Google Drive, iCloud and Dropbox typically provide between 2 to 5GB for free. Even Microsoft's SkyDrive service provides a maximum of just 25GB free to long-time users.
Based on US rates, the free storage that Baidu is packaging with the ChangHong H5018 is worth as much as $600 per year per device - that's equivalent to the subsidies that AT&T and Verizon pay on their iPhone offerings for the life of a 2-year contract.
To put it in terms of a simple financial analogy: Baidu's cloud strategy is equivalent to selling the top-end 64GB model of the iPhone 4S for a discounted rate of $140 per unit without a monthly fee-based contract.
Clearly, Baidu is expecting big things from Baidu Yi and Baidu Netdrive - but the subsidy it is paying to ensure their success may be too steep, unless it is planning to recoup those earnings down the line through additional search-related ad revenue or perform a bait-and-switch that customers will not appreciate. As it currently stands, the more successful the ChangHong H5018 is, the more money Baidu is in danger of losing.
Conclusion
Baidu's strategy of utilizing smartphones to gain market share for its mobile search and incipient cloud services is commendable. That said, the way it is structured is far from financially sound and represents a soft point going forward, especially for a company that does not have as deep a pool of financial resources that others, like Google, do.
What's more, even Google does not give that much storage away for free and Baidu would have been better off partnering with services like Box, Dropbox or any number of the other online storage incumbents to provide the service to its customers, as firms like Samsung and LG have done with their newer devices.
Baidu currently trades at a Price-Earnings (P/E) Ratio of 34 - that's almost 1.9x that of Google's PE of around 18, significantly higher than that of the S&P500 (21x) and even Apple (13x) and higher still than the search sector's (28x). In that sense, Baidu is trading at a significant premium that its own strategy is in danger of undermining - regardless of how large the Chinese market's potential is.
Consequently, I believe that Baidu's shares could lose as much as 50% of their value in a year's time.
Why Baidu Could Jump $50 By Next Summer
May 24, 2012
Baidu (BIDU) has reported total revenues for the first quarter of 2012 of approximately $677 million, which is an increase of 75% from the same quarter of the previous year. Operating profit was also up 75% from the previous year to $332 million. Attributable net income was up by the same percentage to $299 million. Diluted earnings per share for this quarter were $0.85 per share. For the second quarter of 2012, total revenues are expected to be in the range of $847 million to $867 million.
Because Baidu is arguably the most popular and widely followed Chinese stock in the United States as well as the world, it would be useful to know something about its background and its markets. Baidu is often regarded as the Google (GOOG) of China, though it has branched out into many Internet-related areas in an effort to cement its dominance of the search business in China. In fact, Google used to compete actively with Baidu, but rather than deal with excessive government interference and regulation, it has chosen to move the core of its operation to Hong Kong leaving Baidu to monopolize the Chinese market. Internet penetration in China is under 40% of the population and, given the size of the population, the untapped population of potential use users probably exceeds the entire population of the United States. However, this is a simplistic comparison because much of the Chinese population is based in rural areas where people do not have a high disposable income.
However, the maximum potential growth lies in the emergence of the middle class, and a report suggests that in the space of a single generation, the Chinese middle class will be roughly 400% larger than the American middle class. Baidu has taken a number of steps to enlarge and solidify its monopolistic position in the search business. For instance, last year it acquired Qunar, a leading travel search engine. Earlier this year, it launched a platform from which to develop cloud computing services WangPan. In emulation of the successful strategy implemented by Apple (AAPL), it has launched an application's store for third-party applications that can be launched on the Baidu website and read revenues are shared with the developers. It is clear that the company has moved swiftly and surely in every area that could have an impact on the success of its core search business.
Baidu has also made bold and aggressive moves to establish itself in the largest mobile device market in the world, and it is worth taking a look at these initiatives. In partnership with Foxconn (FXTCF.PK), it has unveiled the first smartphone to be built on its own platform, the Changhong H5018. Forked android mobiles are very popular in China and this phone follows suit. Baidu says that it wants its platform, the Baidu Cloud Smart Terminal to sit on top of all mobile operating systems including Windows Phone and iOS. Mobile is a big and growing market for Baidu because 20% of all its searches are now coming from mobile devices and it is by far the leading search engine for all Android devices in China. At the same time, China has now become the largest smartphone market in the world. The phone is priced at around $160, which is affordable for the large majority of Chinese consumers who cannot afford the iPhone. There is a large potential market because it is estimated that over 1 billion users use mobile phones that cannot take full advantage of the Internet and could be induced to trade up to smartphones.
Moreover, the phone is likely to be sold through resellers (the first carrier is China Unicom), will formulate data and calling plans and subsidize the cost of the device to the consumer. The company says that it has been able to keep the cost down because the services are being delivered on the cloud and devices do not require much processing power. Among the services will be a storage service, location-based services and Baidu Map, voice recognition and handwriting-based search input, Baidu Music and services for call and data credit recharging. The choice of its manufacturing partner is also interesting because of its partner' s involvement in the manufacture of the iPhone as well as the iPad.
There is every chance that Baidu will succeed in its mobile venture and create a distinctive market niche that could spur future growth. And in my opinion, the strategy formulation and execution has been flawless. But let's deal with the two major criticisms of the Baidu growth strategy. The first one is that the company has blindly copied the business initiatives established by Google. I think that this criticism has been refuted by the undeniable success of the company in its chosen market. The second criticism is that Baidu focuses entirely on China to the exclusion of the rest of the world. I see no problem here because the Chinese market alone is large enough to satisfy the most demanding of companies. Moreover, there is every chance that whatever works in China can be extended to other developing markets in due course.
The only major problem with Baidu as an investment is the overwhelming role of the Chinese government in its success. However, this could also turn out to be a strength because the Chinese government, far from harming business prospects, is quite likely to go out of the way to encourage growth. There are few stocks in the world that can match Baidu when it comes to market dominance and growth prospects. I would regard the stock as a strong buy. The current earnings multiple undervalues the stock considerably. Even if you are not inclined to buy at this point in time, you should most certainly hold on to any existing investment that you may have. Baidu is currently trading around $117 at the time of writing. Based on my analysis above, I predict the stock will climb to $170 and maintain that price level by mid-2013.
May 24, 2012
Baidu (BIDU) has reported total revenues for the first quarter of 2012 of approximately $677 million, which is an increase of 75% from the same quarter of the previous year. Operating profit was also up 75% from the previous year to $332 million. Attributable net income was up by the same percentage to $299 million. Diluted earnings per share for this quarter were $0.85 per share. For the second quarter of 2012, total revenues are expected to be in the range of $847 million to $867 million.
Because Baidu is arguably the most popular and widely followed Chinese stock in the United States as well as the world, it would be useful to know something about its background and its markets. Baidu is often regarded as the Google (GOOG) of China, though it has branched out into many Internet-related areas in an effort to cement its dominance of the search business in China. In fact, Google used to compete actively with Baidu, but rather than deal with excessive government interference and regulation, it has chosen to move the core of its operation to Hong Kong leaving Baidu to monopolize the Chinese market. Internet penetration in China is under 40% of the population and, given the size of the population, the untapped population of potential use users probably exceeds the entire population of the United States. However, this is a simplistic comparison because much of the Chinese population is based in rural areas where people do not have a high disposable income.
However, the maximum potential growth lies in the emergence of the middle class, and a report suggests that in the space of a single generation, the Chinese middle class will be roughly 400% larger than the American middle class. Baidu has taken a number of steps to enlarge and solidify its monopolistic position in the search business. For instance, last year it acquired Qunar, a leading travel search engine. Earlier this year, it launched a platform from which to develop cloud computing services WangPan. In emulation of the successful strategy implemented by Apple (AAPL), it has launched an application's store for third-party applications that can be launched on the Baidu website and read revenues are shared with the developers. It is clear that the company has moved swiftly and surely in every area that could have an impact on the success of its core search business.
Baidu has also made bold and aggressive moves to establish itself in the largest mobile device market in the world, and it is worth taking a look at these initiatives. In partnership with Foxconn (FXTCF.PK), it has unveiled the first smartphone to be built on its own platform, the Changhong H5018. Forked android mobiles are very popular in China and this phone follows suit. Baidu says that it wants its platform, the Baidu Cloud Smart Terminal to sit on top of all mobile operating systems including Windows Phone and iOS. Mobile is a big and growing market for Baidu because 20% of all its searches are now coming from mobile devices and it is by far the leading search engine for all Android devices in China. At the same time, China has now become the largest smartphone market in the world. The phone is priced at around $160, which is affordable for the large majority of Chinese consumers who cannot afford the iPhone. There is a large potential market because it is estimated that over 1 billion users use mobile phones that cannot take full advantage of the Internet and could be induced to trade up to smartphones.
Moreover, the phone is likely to be sold through resellers (the first carrier is China Unicom), will formulate data and calling plans and subsidize the cost of the device to the consumer. The company says that it has been able to keep the cost down because the services are being delivered on the cloud and devices do not require much processing power. Among the services will be a storage service, location-based services and Baidu Map, voice recognition and handwriting-based search input, Baidu Music and services for call and data credit recharging. The choice of its manufacturing partner is also interesting because of its partner' s involvement in the manufacture of the iPhone as well as the iPad.
There is every chance that Baidu will succeed in its mobile venture and create a distinctive market niche that could spur future growth. And in my opinion, the strategy formulation and execution has been flawless. But let's deal with the two major criticisms of the Baidu growth strategy. The first one is that the company has blindly copied the business initiatives established by Google. I think that this criticism has been refuted by the undeniable success of the company in its chosen market. The second criticism is that Baidu focuses entirely on China to the exclusion of the rest of the world. I see no problem here because the Chinese market alone is large enough to satisfy the most demanding of companies. Moreover, there is every chance that whatever works in China can be extended to other developing markets in due course.
The only major problem with Baidu as an investment is the overwhelming role of the Chinese government in its success. However, this could also turn out to be a strength because the Chinese government, far from harming business prospects, is quite likely to go out of the way to encourage growth. There are few stocks in the world that can match Baidu when it comes to market dominance and growth prospects. I would regard the stock as a strong buy. The current earnings multiple undervalues the stock considerably. Even if you are not inclined to buy at this point in time, you should most certainly hold on to any existing investment that you may have. Baidu is currently trading around $117 at the time of writing. Based on my analysis above, I predict the stock will climb to $170 and maintain that price level by mid-2013.
Chinesische iPhones nutzen angeblich ab nächsten Monat Baidu
von Florian Kalenda, 25. Mai 2012, 21:14 Uhr
Einem Bericht auf Sina Tech zufolge werden chinesische iPhones ab kommendem Monat Baidu als zweite Standard-Suchmaschine zulassen. Ein exaktes Datum nennt der Autor nicht. Für Apples weltweiten Suchpartner Google wäre dies ein schwerer Schlag.
In China kommt Google, dessen Angebot in Landessprache von Hongkong aus operiert, nur auf 16,6 Prozent am Suchmarkt. Baidu hält 78,5 Prozent. Wenn Apple Baidu als Standardsuche zulässt, könnte dies weniger eine Werbemaßnahme für diese Suchmaschine sein und vielmehr ein Zugeständnis an die chinesischen Apple-Kunden, die ihre bevorzugte Suchmaschine auch in Mobile Safari gerne nutzen möchten.
Sina Tech hatte allerdings im März schon einmal über eine solche Lösung berichtet. Damals nannte es April als Termin, was offensichtlich falsch war. Diesmal jedoch habe man einen Blick auf eine Testversion werfen können, heißt es.
iOS ermöglicht keine Veränderungen der Standard-Suchbox in seinem Browser Safari. Auch der Standardbrowser - eben Safari - lässt sich nicht verstellen. Allerdings glaubt beispielsweise Yahoo, dass sich dies irgendwann ändern wird - sonst drohe Apple vermutlich ein Kartellprozess wie Microsoft in seinen besten Tagen. Yahoo hat seit gestern einen suchorientierten Browser für iOS namens Axis im Programm.
von Florian Kalenda, 25. Mai 2012, 21:14 Uhr
Einem Bericht auf Sina Tech zufolge werden chinesische iPhones ab kommendem Monat Baidu als zweite Standard-Suchmaschine zulassen. Ein exaktes Datum nennt der Autor nicht. Für Apples weltweiten Suchpartner Google wäre dies ein schwerer Schlag.
In China kommt Google, dessen Angebot in Landessprache von Hongkong aus operiert, nur auf 16,6 Prozent am Suchmarkt. Baidu hält 78,5 Prozent. Wenn Apple Baidu als Standardsuche zulässt, könnte dies weniger eine Werbemaßnahme für diese Suchmaschine sein und vielmehr ein Zugeständnis an die chinesischen Apple-Kunden, die ihre bevorzugte Suchmaschine auch in Mobile Safari gerne nutzen möchten.
Sina Tech hatte allerdings im März schon einmal über eine solche Lösung berichtet. Damals nannte es April als Termin, was offensichtlich falsch war. Diesmal jedoch habe man einen Blick auf eine Testversion werfen können, heißt es.
iOS ermöglicht keine Veränderungen der Standard-Suchbox in seinem Browser Safari. Auch der Standardbrowser - eben Safari - lässt sich nicht verstellen. Allerdings glaubt beispielsweise Yahoo, dass sich dies irgendwann ändern wird - sonst drohe Apple vermutlich ein Kartellprozess wie Microsoft in seinen besten Tagen. Yahoo hat seit gestern einen suchorientierten Browser für iOS namens Axis im Programm.
Denke bis Ende des Jahres um die 150 Dollar,Meinugen erwuenscht
Ich denke, dass wir darauf nicht bis Ende des Jahres warten müssen- der MACD gibt schon wieder ein Kaufsignal. Die Bewertung im Vergleich zu Google ist deutlich zu niedrig, Baidu hat in China quasi Monopol
mir wirds ganz schlecht wenn ich den kurs anschaue,und im forum auf yahoo USA,die berichte lese.Hoffe nur dass das neue Mobil mit Baidu was bringt
..na das sieht doch gar nicht so schlecht aus ! Schnelles Geld ist hier sicher nicht zu machen - mit den meißten Werten nicht, aber langfristig schon ! Ich stehe zu meiner Aussage, hat noch viel Potential ! Gruß B.
!
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mmmhh da schreibt ma einer was...seit tagen und dann wirds gesperrt
Baidu: A Growth Story That Is Broken, With A $90-$100 Price Target
June 15, 2012
It is interesting to see what happens to growth stocks when these companies lose momentum. While the S&P 500 and its tracking exchange traded fund SPY have rallied nearly 20% from the market lows of last year, stocks such as Apple (AAPL) have rallied over 30% in the past year. However, the last month has been brutal for most of the major indexes.
The worst performing indexes during the last several months have been the European and Chinese markets. With Europe slowing dramatically, the weakness in the eurozone, China's biggest export market, has weighed heavily on the world's second biggest economy. Chinese exports have also continued to weaken, while the country continues to face significant problems dealing with the massive overbuilt real estate and construction industry in the country.
Given the significant underperformance of many leading foreign markets in countries such as Germany and China, and these market's tracking exchange traded funds, the EWG and FXI, I think its interesting to see if some of the leading companies in these country's indexes are offering value today. By far, the most talked about Chinese company is Baidu (BIDU).
www.thestreet.com
While I have penned several bullish articles on Baidu over the last year, I am now very bearish on this company, and I think management's continual failure to take market share in the mobile space or monetize the company's existing mobile space market share is likely to significantly weigh on the company's growth prospects in the near term.
Today, Baidu is a nearly $40 billion dollar company trading at 35x trailing earnings, 18x an average estimate of next year's likely earnings. The company has nearly 80% of the online search space today in China, nearly 35% market share in the mobile space, and the company has consistently grown its revenues at over 50% a year the last several years.
Still, while Baidu's forward multiple looks cheap, there are several strong warning signs that this company's growth rate is likely to slow dramatically in the next couple years.
First, the recent announcement that Apple will be integrating Baidu's search engine platform into its new smartphone, as well as Baidu's recent announcement that the company will be market its own new smartphone, are unlikely to significant boost the company's revenues. Apple has doubled its market share in China over the last year, selling nearly 35 million iPhones in the world's second largest economy, a 88% increase from the year before.
While I was originally bullish on the potential of Apple to Baidu with its tablet, Apple's most successful recent product launch in China has been the iPhone, and Baidu's strategy for the mobile space seems limited. Just because Apple is integrating Baidu's search engine platform into the company's new smartphone launch in China, does not necessarily mean Baidu's revenues will get a significant boost.
As I've wrote in previous articles on the Chinese mobile space, Easou ran China's first mobile search application. The company gets nearly 70% of its revenues from advertising, and it works with thousands of small and medium sized businesses. Tencent (TCEHY.PK) is the largest instant messaging service used in China, and the company's chat rooms, avatars, and games make its services uniquely appealing for social networking and younger users.
Baidu isn't likely to take market share from a company specializing in advertising for small to medium size companies, since the company's search platform is designed for more expensive, larger scale advertising. Also, Baidu offers very little in social networking compared to companies such as Tencent, so it's unlikely that a simply endorsement from Apple will increase Baidu's appeal to users who are accustomed to Tencent's user instant messaging platform.
This is also exactly why I am bearish on Baidu's attempt to market the company's own smartphone, which seems like a poorly conceived attempt to make-up for the repeated strategic failures the company has had in trying to develop new and more specialized mobile search options. Baidu is also basically giving away this phone to attempt to take market share in the mobile space, similar to Google's (GOOG), strategy with the Android phones.
Internet access is also very slow in China, making it difficult to access websites from smartphones, and it is unlikely that Baidu will be able to get significant click rates from the company's advertisements.
Also, while Baidu's online advertising revenue has grown significantly in the past couple years, it is likely that Baidu's online advertising revenue will grow at a slower rate for several reasons. Online advertising in China has grown by over 30% a year in the past, while in the last two years, online advertising has grown by less than 20% a year.
Baidu has also had the very unique opportunity to dramatically increase the company's market share in the online search space. In 2005, Baidu had less than 50% of the search engine market in China, with Google having nearly 34% of the search space, and Yahoo (YHOO), Sohu (SOHU), Sina (SINA), having most of the remaining nearly 20% of this market. Today, Baidu's search engine market share is 80%, while Google's market share has dropped to around 15%.
To conclude, while Baidu has an extremely strong market share in the search space today, the company has nearly doubled its market share in the last six years when online advertising revenue was growing at 30% a year. Now that online advertising growth rates are slowing, and Baidu has around 80% of the search engine market in China, it is likely the company's growth rate will slow dramatically if management cannot significant increase the company's market share in the mobile space in the next several years.
Baidu trades today at around $117 a share, at 35x trailing earnings and nearly 18x average estimates for next year's likely earnings. However, the company recently guided to a slowdown in online advertising growth, and estimates have been consistently falling for the last several months. The fact that the five-year analyst growth estimate for this company is over 45% also suggests that the analyst community has very limited visibility on the company's long-term earnings, since Baidu grew its revenues at around 50% a year when the company was dramatically increasing its market share in the search engine space, and growth in the search engine market was much stronger than it is today as well.
If Baidu's growth rate slows to round 20% a year, after the company has consistently grown its revenues at 50% over the last several years, it is likely the company will see continued deceleration in its growth rate - therefore, a multiple of 15x next year's likely earnings seems appropriate. This would make Baidu a $90-$100 stock.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
June 15, 2012
It is interesting to see what happens to growth stocks when these companies lose momentum. While the S&P 500 and its tracking exchange traded fund SPY have rallied nearly 20% from the market lows of last year, stocks such as Apple (AAPL) have rallied over 30% in the past year. However, the last month has been brutal for most of the major indexes.
The worst performing indexes during the last several months have been the European and Chinese markets. With Europe slowing dramatically, the weakness in the eurozone, China's biggest export market, has weighed heavily on the world's second biggest economy. Chinese exports have also continued to weaken, while the country continues to face significant problems dealing with the massive overbuilt real estate and construction industry in the country.
Given the significant underperformance of many leading foreign markets in countries such as Germany and China, and these market's tracking exchange traded funds, the EWG and FXI, I think its interesting to see if some of the leading companies in these country's indexes are offering value today. By far, the most talked about Chinese company is Baidu (BIDU).
www.thestreet.com
While I have penned several bullish articles on Baidu over the last year, I am now very bearish on this company, and I think management's continual failure to take market share in the mobile space or monetize the company's existing mobile space market share is likely to significantly weigh on the company's growth prospects in the near term.
Today, Baidu is a nearly $40 billion dollar company trading at 35x trailing earnings, 18x an average estimate of next year's likely earnings. The company has nearly 80% of the online search space today in China, nearly 35% market share in the mobile space, and the company has consistently grown its revenues at over 50% a year the last several years.
Still, while Baidu's forward multiple looks cheap, there are several strong warning signs that this company's growth rate is likely to slow dramatically in the next couple years.
First, the recent announcement that Apple will be integrating Baidu's search engine platform into its new smartphone, as well as Baidu's recent announcement that the company will be market its own new smartphone, are unlikely to significant boost the company's revenues. Apple has doubled its market share in China over the last year, selling nearly 35 million iPhones in the world's second largest economy, a 88% increase from the year before.
While I was originally bullish on the potential of Apple to Baidu with its tablet, Apple's most successful recent product launch in China has been the iPhone, and Baidu's strategy for the mobile space seems limited. Just because Apple is integrating Baidu's search engine platform into the company's new smartphone launch in China, does not necessarily mean Baidu's revenues will get a significant boost.
As I've wrote in previous articles on the Chinese mobile space, Easou ran China's first mobile search application. The company gets nearly 70% of its revenues from advertising, and it works with thousands of small and medium sized businesses. Tencent (TCEHY.PK) is the largest instant messaging service used in China, and the company's chat rooms, avatars, and games make its services uniquely appealing for social networking and younger users.
Baidu isn't likely to take market share from a company specializing in advertising for small to medium size companies, since the company's search platform is designed for more expensive, larger scale advertising. Also, Baidu offers very little in social networking compared to companies such as Tencent, so it's unlikely that a simply endorsement from Apple will increase Baidu's appeal to users who are accustomed to Tencent's user instant messaging platform.
This is also exactly why I am bearish on Baidu's attempt to market the company's own smartphone, which seems like a poorly conceived attempt to make-up for the repeated strategic failures the company has had in trying to develop new and more specialized mobile search options. Baidu is also basically giving away this phone to attempt to take market share in the mobile space, similar to Google's (GOOG), strategy with the Android phones.
Internet access is also very slow in China, making it difficult to access websites from smartphones, and it is unlikely that Baidu will be able to get significant click rates from the company's advertisements.
Also, while Baidu's online advertising revenue has grown significantly in the past couple years, it is likely that Baidu's online advertising revenue will grow at a slower rate for several reasons. Online advertising in China has grown by over 30% a year in the past, while in the last two years, online advertising has grown by less than 20% a year.
Baidu has also had the very unique opportunity to dramatically increase the company's market share in the online search space. In 2005, Baidu had less than 50% of the search engine market in China, with Google having nearly 34% of the search space, and Yahoo (YHOO), Sohu (SOHU), Sina (SINA), having most of the remaining nearly 20% of this market. Today, Baidu's search engine market share is 80%, while Google's market share has dropped to around 15%.
To conclude, while Baidu has an extremely strong market share in the search space today, the company has nearly doubled its market share in the last six years when online advertising revenue was growing at 30% a year. Now that online advertising growth rates are slowing, and Baidu has around 80% of the search engine market in China, it is likely the company's growth rate will slow dramatically if management cannot significant increase the company's market share in the mobile space in the next several years.
Baidu trades today at around $117 a share, at 35x trailing earnings and nearly 18x average estimates for next year's likely earnings. However, the company recently guided to a slowdown in online advertising growth, and estimates have been consistently falling for the last several months. The fact that the five-year analyst growth estimate for this company is over 45% also suggests that the analyst community has very limited visibility on the company's long-term earnings, since Baidu grew its revenues at around 50% a year when the company was dramatically increasing its market share in the search engine space, and growth in the search engine market was much stronger than it is today as well.
If Baidu's growth rate slows to round 20% a year, after the company has consistently grown its revenues at 50% over the last several years, it is likely the company will see continued deceleration in its growth rate - therefore, a multiple of 15x next year's likely earnings seems appropriate. This would make Baidu a $90-$100 stock.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
was alles so geschrieben wird,jeder meint er weiss was.145$ September-Oktober,wer angemessen.
Nomura says 190$ aber schon vor3 Tagen
gute nachrichten,aber es will einfach nicht nach oben.
20.06.12 15:22
BAIDU.COM-Aktie: Kannibalisierung durch mobile Nutzung des Internets
Goldman Sachs
New York (www.aktiencheck.de) - Catherine Leung, Analystin von Goldman Sachs, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "neutral" ein und bestätigt das Kursziel von 135,00 USD.
Die zunehmende Nutzung des Internets über mobile Geräte drohe die Dominanz des Unternehmens zu kannibalisieren. Eine signifikant niedrigere Monetisierung stehe höheren Kosten bei der Generierung von Traffic gegenüber.
Die mobile Keyword-Suche könnte bereits 20% der gesamten Keyword-Suchaktivitäten von BAIDU ausmachen. Dies entspreche etwa der Quote wie bei Google (ISIN US38259P5089 / WKN A0B7FY). Bis 2015 könnte die mobile Nutzung die Desktop-Verwendung übertrumpfen.
BAIDU versuche aber dem Einfluss der Mobile-Aktivitäten durch die Entwicklung eigener Formen des Cloud Computings zu begegnen. Die anhaltenden Investitionen in die Bereiche Mobile und Cloud Computing würden auf die Margen drücken.
Vor diesem Hintergrund lautet die Einschätzung der Analysten von Goldman Sachs für die Aktie von BAIDU.COM weiterhin "neutral". (Analyse vom 19.06.12)
(20.06.2012/ac/a/a)
BAIDU.COM-Aktie: Kannibalisierung durch mobile Nutzung des Internets
Goldman Sachs
New York (www.aktiencheck.de) - Catherine Leung, Analystin von Goldman Sachs, stuft die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "neutral" ein und bestätigt das Kursziel von 135,00 USD.
Die zunehmende Nutzung des Internets über mobile Geräte drohe die Dominanz des Unternehmens zu kannibalisieren. Eine signifikant niedrigere Monetisierung stehe höheren Kosten bei der Generierung von Traffic gegenüber.
Die mobile Keyword-Suche könnte bereits 20% der gesamten Keyword-Suchaktivitäten von BAIDU ausmachen. Dies entspreche etwa der Quote wie bei Google (ISIN US38259P5089 / WKN A0B7FY). Bis 2015 könnte die mobile Nutzung die Desktop-Verwendung übertrumpfen.
BAIDU versuche aber dem Einfluss der Mobile-Aktivitäten durch die Entwicklung eigener Formen des Cloud Computings zu begegnen. Die anhaltenden Investitionen in die Bereiche Mobile und Cloud Computing würden auf die Margen drücken.
Vor diesem Hintergrund lautet die Einschätzung der Analysten von Goldman Sachs für die Aktie von BAIDU.COM weiterhin "neutral". (Analyse vom 19.06.12)
(20.06.2012/ac/a/a)
135$ reichen doch schon.aber artikel oben wurde schon wieder legt
mmmhh chart sieht nich gut aus
Baidu ( BIDU ) schob den Internet-Branche heute höher ist damit heute vorgestellten Internet-Gewinner.
Die Industrie als Ganzes schloss den Tag um 1,5%. Bis zum Ende des Handels, stieg Baidu $ 1,53 (1,4%) auf 114,61 $ auf Licht Volumen. Im Laufe des Tages ausgetauscht 3.100.000 Aktien von Baidu Hände an ihrer durchschnittlichen täglichen Volumen von 4.600.000 Aktien im Vergleich. Die Aktie lag in einer Preisspanne zwischen 113,05 $ 114,80 $-nachdem er öffnete den Tag bei $ 114,25 zum vorigen Handelstag der Nähe von 113,08 $ verglichen. Andere Unternehmen in der Internet-Branche, die heute gestiegen waren: LiveDeal ( Live ), um 19,2%, Bemerkung Medien ( MARK ), um 13,9%, ModusLink Global Solutions ( MLNK ), bis 11,3%, und BroadVision ( BVSN ), bis 7,7% .
ACTIVE Stock Traders: Schauen Sie sich die TheStreet spezielles Angebot für Real Money , Headliner von Jim Cramer, jetzt!
Baidu, Inc. bietet Internet-Suchdienste. Das Unternehmen bietet ein chinesischer Sprache Suchplattform auf seiner Website, Baidu.com, und einem japanischen Sprache Suchplattform auf seiner Website, Baidu.jp. Baidu verfügt über eine Marktkapitalisierung von 41 Mrd. Euro und ist Teil des Technologie -Sektor. Das Unternehmen hat eine P / E-Verhältnis von 22, unter dem durchschnittlichen Internet-Branche P / E Ratio von 48,5 und über dem S & P 500 P / E Ratio von 17,7. Die Aktien sind um 2,9% gegenüber als der Handelsschluss am Donnerstag dem Laufenden. Derzeit gibt es 14 Analysten, dass Baidu Rate ein Kauf, keine Analysten bewerten es ein Verkaufssignal, und zwei bewerte es ein Halt.
Die Stärken des Unternehmens können in mehreren Bereichen, wie sein robustes Umsatzwachstum, weitgehend solide finanzielle Position mit hinreichender Verschuldung von den meisten Maßnahmen, bemerkenswerte Return on Equity, eindrucksvolle Bilanz des Ergebnisses je Aktie Wachstum und überzeugende Anstieg des Jahresüberschusses zu sehen. Wir fühlen uns diese Stärken schwerer wiegen als die Tatsache, dass das Unternehmen trübe Leistung im Lager selbst hatte.
Quelle: The Street
Man sollte jetzt die Baidu Aktie genauer verfolgen - gute Einstiegschance- die Früchte kann man dann in Q4 2012 hoffentlich einfahren.
Oberkassler
Die Industrie als Ganzes schloss den Tag um 1,5%. Bis zum Ende des Handels, stieg Baidu $ 1,53 (1,4%) auf 114,61 $ auf Licht Volumen. Im Laufe des Tages ausgetauscht 3.100.000 Aktien von Baidu Hände an ihrer durchschnittlichen täglichen Volumen von 4.600.000 Aktien im Vergleich. Die Aktie lag in einer Preisspanne zwischen 113,05 $ 114,80 $-nachdem er öffnete den Tag bei $ 114,25 zum vorigen Handelstag der Nähe von 113,08 $ verglichen. Andere Unternehmen in der Internet-Branche, die heute gestiegen waren: LiveDeal ( Live ), um 19,2%, Bemerkung Medien ( MARK ), um 13,9%, ModusLink Global Solutions ( MLNK ), bis 11,3%, und BroadVision ( BVSN ), bis 7,7% .
ACTIVE Stock Traders: Schauen Sie sich die TheStreet spezielles Angebot für Real Money , Headliner von Jim Cramer, jetzt!
Baidu, Inc. bietet Internet-Suchdienste. Das Unternehmen bietet ein chinesischer Sprache Suchplattform auf seiner Website, Baidu.com, und einem japanischen Sprache Suchplattform auf seiner Website, Baidu.jp. Baidu verfügt über eine Marktkapitalisierung von 41 Mrd. Euro und ist Teil des Technologie -Sektor. Das Unternehmen hat eine P / E-Verhältnis von 22, unter dem durchschnittlichen Internet-Branche P / E Ratio von 48,5 und über dem S & P 500 P / E Ratio von 17,7. Die Aktien sind um 2,9% gegenüber als der Handelsschluss am Donnerstag dem Laufenden. Derzeit gibt es 14 Analysten, dass Baidu Rate ein Kauf, keine Analysten bewerten es ein Verkaufssignal, und zwei bewerte es ein Halt.
Die Stärken des Unternehmens können in mehreren Bereichen, wie sein robustes Umsatzwachstum, weitgehend solide finanzielle Position mit hinreichender Verschuldung von den meisten Maßnahmen, bemerkenswerte Return on Equity, eindrucksvolle Bilanz des Ergebnisses je Aktie Wachstum und überzeugende Anstieg des Jahresüberschusses zu sehen. Wir fühlen uns diese Stärken schwerer wiegen als die Tatsache, dass das Unternehmen trübe Leistung im Lager selbst hatte.
Quelle: The Street
Man sollte jetzt die Baidu Aktie genauer verfolgen - gute Einstiegschance- die Früchte kann man dann in Q4 2012 hoffentlich einfahren.
Oberkassler
Antwort auf Beitrag Nr.: 43.315.074 von Oberkassel am 24.06.12 16:36:25
hast du das mit google übersetzt?
es müßte ma ne gute news kommen...und der verkauf der großen zu ende gehn...dann kann es wieder ruff...hoffentlich
hast du das mit google übersetzt?
es müßte ma ne gute news kommen...und der verkauf der großen zu ende gehn...dann kann es wieder ruff...hoffentlich
dass ist doch alles schei--,alles geht runter,nachrichten sind doch nicht schlecht,alles panik,wer jetzt kauft macht,gutes geld,
so ne verfickte scheißaktie....
nur verlust mit dem rotz
nur verlust mit dem rotz
Baidu to Report Second Quarter 2012 Financial Results on July 23, 2012
naja nach den zahlen ging es immer runter...
naja nach den zahlen ging es immer runter...
Na, so stimmt das aber nicht....sieh Dir mal den Kursverlauf nach den Zahlen vom Q2 in 2011 an. Im Moment hat bei Baidu keiner eine Überraschung auf dem Radar und die Stimmung ist mies- beste Voaraussetzung für einen guten Kursschub bei besser als erwarteten Zahlen, die wir meiner
Meinung nach sehen könnten. Es ist immer von Vorteil, wenn es vor den zahlen keinen massiven Anstieg gibt.
Meinung nach sehen könnten. Es ist immer von Vorteil, wenn es vor den zahlen keinen massiven Anstieg gibt.
Absturz auf 100 USD eben ...
solange dieser US President in den USA rum laueft,kommt nichts gutes
Antwort auf Beitrag Nr.: 43.395.345 von donarita am 17.07.12 17:41:40Scherzkeks .... führt der die Firma ....
Antwort auf Beitrag Nr.: 43.390.524 von demcopack am 16.07.12 15:25:27jau da haste recht...siehe vor 3 monaten
da nutzen auch gute nachrichten nichts,wenn der ganze markt abstuerzt,
23.07.2012 | 23:53
ROUNDUP: Baidu Profit Rises, Shares Up 7%
BEIJING (dpa-AFX) - China's most-popular search engine Baidu Inc. (BIDU), Monday reported a jump in profit for the second quarter, as online marketing revenues surged 60 percent and customer base continued to increase. Both earnings and revenues for the quarter came in ahead of Wall Street expectations.
The company also provided its revenue guidance for the third quarter, which is expected to trump current estimates. Following the news, shares of Baidu rose seven percent in extended hours.
Commenting on the results, Robin Li, chairman and chief executive officer of Baidu, said, 'We are pleased to announce strong results for the second quarter despite macro headwinds and challenging comparisons with the same period last year. Our efforts to expand our customer base continue to make solid progress.'
Baidu generates majority of its revenues from search-engine advertising. Its online marketing revenues for the quarter surged 59.7 percent as advertises paid more for keywords to reach online users. China now boasts of having more internet users than any other country in the world, making it the biggest online market. Meanwhile, Baidu had to channel its marketing to smaller companies and adding them as customers, amidst the weakening Asian economy.
Baidu, China's biggest internet company by market value, increased its online marketing customers to 352,000, an 18.1 percent growth year-over-year and 9.7 improvement over last quarter. Revenue per online marketing customer rose 34.8 percent from last year and 16.5 percent from last quarter.
Baidu's revenues for the second-quarter grew 59.8 percent to 5.46 billion renminbi or $858.8 million. Analysts expected revenues of $850.78 million for the quarter.
Baidu's attributable profit for the second quarter was 2.77 billion renminbi or $436.0 million, up 69.6% from 1.633 billion renminbi last year.
Earnings per ADS for the quarter was 7.86 renminbi or $1.24, up from 4.67 renminbi or $0.72 last year. Analysts polled by Thomson Reuters expected earnings of $1.12 per share for the quarter. Analysts' estimates typically exclude special items.
Looking forward to the third quarter, Baidu expects revenues in a range of 6.245 billion renminbi to 6.410 billion renminbi, or $983.0 million to $1.009 billion. Analysts currently estimate revenues of $988.03 million for the third-quarter.
Li added, 'In the coming quarters, we will maintain momentum by rolling out optimized sales processes and more advanced tools to help current and potential customers increase returns on their online marketing spend. We will also continue to actively explore the vast opportunities in China's fast-emerging mobile Internet and cloud sectors.'
BIDU closed Monday's trading on the Nasdaq at $107.10, down $3.13 or 2.84%. The stock, in after-hours trade, gained $6.50 or 6.07%. Trading volume for the day was 7.2 million shares, above the three-month average volume of 4.2 million.
Copyright RTT News/dpa-AFX
ROUNDUP: Baidu Profit Rises, Shares Up 7%
BEIJING (dpa-AFX) - China's most-popular search engine Baidu Inc. (BIDU), Monday reported a jump in profit for the second quarter, as online marketing revenues surged 60 percent and customer base continued to increase. Both earnings and revenues for the quarter came in ahead of Wall Street expectations.
The company also provided its revenue guidance for the third quarter, which is expected to trump current estimates. Following the news, shares of Baidu rose seven percent in extended hours.
Commenting on the results, Robin Li, chairman and chief executive officer of Baidu, said, 'We are pleased to announce strong results for the second quarter despite macro headwinds and challenging comparisons with the same period last year. Our efforts to expand our customer base continue to make solid progress.'
Baidu generates majority of its revenues from search-engine advertising. Its online marketing revenues for the quarter surged 59.7 percent as advertises paid more for keywords to reach online users. China now boasts of having more internet users than any other country in the world, making it the biggest online market. Meanwhile, Baidu had to channel its marketing to smaller companies and adding them as customers, amidst the weakening Asian economy.
Baidu, China's biggest internet company by market value, increased its online marketing customers to 352,000, an 18.1 percent growth year-over-year and 9.7 improvement over last quarter. Revenue per online marketing customer rose 34.8 percent from last year and 16.5 percent from last quarter.
Baidu's revenues for the second-quarter grew 59.8 percent to 5.46 billion renminbi or $858.8 million. Analysts expected revenues of $850.78 million for the quarter.
Baidu's attributable profit for the second quarter was 2.77 billion renminbi or $436.0 million, up 69.6% from 1.633 billion renminbi last year.
Earnings per ADS for the quarter was 7.86 renminbi or $1.24, up from 4.67 renminbi or $0.72 last year. Analysts polled by Thomson Reuters expected earnings of $1.12 per share for the quarter. Analysts' estimates typically exclude special items.
Looking forward to the third quarter, Baidu expects revenues in a range of 6.245 billion renminbi to 6.410 billion renminbi, or $983.0 million to $1.009 billion. Analysts currently estimate revenues of $988.03 million for the third-quarter.
Li added, 'In the coming quarters, we will maintain momentum by rolling out optimized sales processes and more advanced tools to help current and potential customers increase returns on their online marketing spend. We will also continue to actively explore the vast opportunities in China's fast-emerging mobile Internet and cloud sectors.'
BIDU closed Monday's trading on the Nasdaq at $107.10, down $3.13 or 2.84%. The stock, in after-hours trade, gained $6.50 or 6.07%. Trading volume for the day was 7.2 million shares, above the three-month average volume of 4.2 million.
Copyright RTT News/dpa-AFX
Baidu to Consider Acquisitions to Boost Services, Li Says
By Mark Lee - Jul 24, 2012
Baidu Inc. (BIDU), owner of China’s most- used search-engine, will consider making acquisitions as the company aims to offer new services to users at a faster pace, Chief Executive Officer Robin Li said.
“In most cases, I would say I prefer buy to build,” Li said in a conference call with analysts today after Baidu reported earnings. The Beijing-based company will consider both acquisitions and in-house development to offer a wider range of services, he said, without giving details of potential targets.
Baidu is expanding in display advertising to win sales from clients including Procter & Gamble Co. (PG), and aims to add mobile users as more Chinese access the Web on smartphones. Second- quarter profit rose 70 percent, beating analysts’ estimates, as more small businesses in China bought keywords on Baidu’s search-engine after the company stepped up marketing.
“The company is looking for the next growth driver,” said Dundas Deng, an analyst at Guotai Junan Securities in Shenzhen who rates Baidu buy. Baidu may purchase companies that offer technologies for mobile users, Deng said.
Baidu’s American depositary receipts surged as much as 9.5 percent in extended trading after the earnings announcement. The stock earlier fell 2.8 percent to $107.10 in Nasdaq Stock Market trading.
Second-quarter net income climbed to 2.77 billion yuan ($434 million), or 7.86 yuan per American depositary receipt, compared with 1.63 billion yuan, or 4.67 yuan, a year earlier, Baidu reported yesterday. That exceeded the 2.5 billion-yuan average of 10 analysts’ estimates compiled by Bloomberg. Revenue rose 60 percent to 5.46 billion yuan.
Travel Search Stake
Third-quarter revenue will be in a range of 6.25 billion yuan to 6.41 billion yuan, Baidu said. That compares with the 6.39 billion-yuan average of analysts’ estimates compiled by Bloomberg.
Last year, Baidu paid $306 million for a majority stake in Qunar.com Inc., a Chinese travel search site. Tencent Holdings Ltd. (700), China’s biggest Internet company, is also making acquisitions and investments to add technologies and services.
Making acquisitions, rather than developing technologies internally, “will give us time, and gives us competitive advantages,” Li said today.
Marketing Program
Baidu had more than 350,000 customers for its online advertising services at the end of the second quarter, 9.7 percent more than three months earlier, Chief Financial Officer Jennifer Li said on the call. The company gained customers after a marketing program last quarter, she said.
“The smaller advertisers are helping the company,” Dick Wei, who rates Baidu overweight at JPMorgan Chase & Co. in Hong Kong, said before the earnings release. Still, “it’s the bigger customers who’ll drive growth,” Wei said.
In the second quarter, Baidu accounted for 78.6 percent of China’s search-engine market by revenue, compared with 15.7 percent for Google Inc. (GOOG), according to researcher Analysys International.
China’s online advertising market may expand by 39 percent this year to 65.1 billion yuan, slowing from 46 percent growth in 2011, according to a report by Nomura Holdings Inc. in June.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
By Mark Lee - Jul 24, 2012
Baidu Inc. (BIDU), owner of China’s most- used search-engine, will consider making acquisitions as the company aims to offer new services to users at a faster pace, Chief Executive Officer Robin Li said.
“In most cases, I would say I prefer buy to build,” Li said in a conference call with analysts today after Baidu reported earnings. The Beijing-based company will consider both acquisitions and in-house development to offer a wider range of services, he said, without giving details of potential targets.
Baidu is expanding in display advertising to win sales from clients including Procter & Gamble Co. (PG), and aims to add mobile users as more Chinese access the Web on smartphones. Second- quarter profit rose 70 percent, beating analysts’ estimates, as more small businesses in China bought keywords on Baidu’s search-engine after the company stepped up marketing.
“The company is looking for the next growth driver,” said Dundas Deng, an analyst at Guotai Junan Securities in Shenzhen who rates Baidu buy. Baidu may purchase companies that offer technologies for mobile users, Deng said.
Baidu’s American depositary receipts surged as much as 9.5 percent in extended trading after the earnings announcement. The stock earlier fell 2.8 percent to $107.10 in Nasdaq Stock Market trading.
Second-quarter net income climbed to 2.77 billion yuan ($434 million), or 7.86 yuan per American depositary receipt, compared with 1.63 billion yuan, or 4.67 yuan, a year earlier, Baidu reported yesterday. That exceeded the 2.5 billion-yuan average of 10 analysts’ estimates compiled by Bloomberg. Revenue rose 60 percent to 5.46 billion yuan.
Travel Search Stake
Third-quarter revenue will be in a range of 6.25 billion yuan to 6.41 billion yuan, Baidu said. That compares with the 6.39 billion-yuan average of analysts’ estimates compiled by Bloomberg.
Last year, Baidu paid $306 million for a majority stake in Qunar.com Inc., a Chinese travel search site. Tencent Holdings Ltd. (700), China’s biggest Internet company, is also making acquisitions and investments to add technologies and services.
Making acquisitions, rather than developing technologies internally, “will give us time, and gives us competitive advantages,” Li said today.
Marketing Program
Baidu had more than 350,000 customers for its online advertising services at the end of the second quarter, 9.7 percent more than three months earlier, Chief Financial Officer Jennifer Li said on the call. The company gained customers after a marketing program last quarter, she said.
“The smaller advertisers are helping the company,” Dick Wei, who rates Baidu overweight at JPMorgan Chase & Co. in Hong Kong, said before the earnings release. Still, “it’s the bigger customers who’ll drive growth,” Wei said.
In the second quarter, Baidu accounted for 78.6 percent of China’s search-engine market by revenue, compared with 15.7 percent for Google Inc. (GOOG), according to researcher Analysys International.
China’s online advertising market may expand by 39 percent this year to 65.1 billion yuan, slowing from 46 percent growth in 2011, according to a report by Nomura Holdings Inc. in June.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
UPDATE 1-RESEARCH ALERT-Baidu seen positioned for strong growth
4:32pm IST
* Barclays ups price target to $189 from $187,
* Raymond James cuts target to $165 from $200
* Continued internet growth in China, customer additions to drive growth for Baidu
* Shares up 6 pct in premarket trade
July 24 (Reuters) - Baidu Inc has robust long term growth prospects, thanks to internet and mobile growth and solid customer additions at the firm, China's No.1 Internet search company, Wall Street analysts said.
"Baidu is well-positioned for strong, long-term growth driven by continued internet growth in China, increased e-commerce adoption, search advertiser adoption in China and growth from non-search areas," Raymond James' analyst Aaron Kessler said in a note to clients.
Kessler cut his target to $165 from $200, given the uncertain China macro economy, but his target price is still well above the current traded price for Baidu shares of $114.
Kessler is a five-star rated analyst for the accuracy of his earnings estimates on companies in his coverage universe, according to Thomson Reuters' Starmine data.
"Contextual ads ramp and future mobile monetization are two growth drivers Baidu has yet to fully exploit," Barclays Capital analyst Alicia Yap said in a note to clients, adding that the stock's current valuation is attractive.
Baidu, which is expanding aggressively into the mobile sector to take advantage of booming growth in mobile searches, on Monday forecast third-quarter sales range of $983 million to $1.009 billion.
Barclays raised its price target on Baidu to $189 from $187, saying the firm has ample market growth opportunities, including in mobile and contextual ads.
According to Thomson Reuters StarMine, 13 analysts rate the stock "strong buy," 12 rate it a "buy," and only four analysts rate the stock a "hold," with a mean price target of $178.06.
Baidu has expanded its share of the Chinese search market since Google Inc decided in 2010 to relocate its search engine to Hong Kong after a standoff with the Chinese government over Internet censorship.
Shares of Baidu, which hit an 18-month low last week on concerns that a weakening Chinese economy would hurt its big clients, were up 6 percent in premarket trade at $114 on Tuesday. They closed at $107.10 on Monday on the Nasdaq.
4:32pm IST
* Barclays ups price target to $189 from $187,
* Raymond James cuts target to $165 from $200
* Continued internet growth in China, customer additions to drive growth for Baidu
* Shares up 6 pct in premarket trade
July 24 (Reuters) - Baidu Inc has robust long term growth prospects, thanks to internet and mobile growth and solid customer additions at the firm, China's No.1 Internet search company, Wall Street analysts said.
"Baidu is well-positioned for strong, long-term growth driven by continued internet growth in China, increased e-commerce adoption, search advertiser adoption in China and growth from non-search areas," Raymond James' analyst Aaron Kessler said in a note to clients.
Kessler cut his target to $165 from $200, given the uncertain China macro economy, but his target price is still well above the current traded price for Baidu shares of $114.
Kessler is a five-star rated analyst for the accuracy of his earnings estimates on companies in his coverage universe, according to Thomson Reuters' Starmine data.
"Contextual ads ramp and future mobile monetization are two growth drivers Baidu has yet to fully exploit," Barclays Capital analyst Alicia Yap said in a note to clients, adding that the stock's current valuation is attractive.
Baidu, which is expanding aggressively into the mobile sector to take advantage of booming growth in mobile searches, on Monday forecast third-quarter sales range of $983 million to $1.009 billion.
Barclays raised its price target on Baidu to $189 from $187, saying the firm has ample market growth opportunities, including in mobile and contextual ads.
According to Thomson Reuters StarMine, 13 analysts rate the stock "strong buy," 12 rate it a "buy," and only four analysts rate the stock a "hold," with a mean price target of $178.06.
Baidu has expanded its share of the Chinese search market since Google Inc decided in 2010 to relocate its search engine to Hong Kong after a standoff with the Chinese government over Internet censorship.
Shares of Baidu, which hit an 18-month low last week on concerns that a weakening Chinese economy would hurt its big clients, were up 6 percent in premarket trade at $114 on Tuesday. They closed at $107.10 on Monday on the Nasdaq.
Könnte heute sehr schön gen Norden laufen, wenn einige Shorties
sich eindecken müssen.
Schaun wir mal
Karlll
sich eindecken müssen.
Schaun wir mal
Karlll
jepp .... über 11% plus ... schätze das einige das falsch erwischt wurden
wenn alles eingedeckt ist fällt das Teil wieder --> sell on good news ...??
wenn alles eingedeckt ist fällt das Teil wieder --> sell on good news ...??
was nuetzt es,wenn man bei 121.00$ gekauft hat
Vielleicht können wir ja so ins WE gehen, daß Baidu sich die 120 US-$
von oben besieht.
Wäre ja schon mal ein Teilerfolg.
von oben besieht.
Wäre ja schon mal ein Teilerfolg.
Baidu: searching Brazil for growth
July 27, 2012 11:29 pm by Joe Leahy
More reports that Baidu, China’s biggest search engine, is launching in Brazil.
There are plenty of reasons to come to Latin America’s biggest economy, where internet use is rising rapidly, driven by social media.
But that still begs the question of how Baidu will differentiate itself in Latin America.
How will it unseat Google with a search engine that is more familiar to Chinese users than Portuguese speakers? No one seems to have the answer.
The first Brazilian offering from Baidu, as noted by website thenextweb.com, is actually a directory that seems to offer little value-added for Brazilians.
As thenextweb.com says:
Given that it chose a directory site for its first Brazil-focused product, Baidu appears to have opted to make a quiet entrance rather than a big splash.
As thenextweb.com also mentioned, is somewhat comical that this directory page uses a google search engine. So what indeed is the point here?
As the FT noted in a Lex column this week, the point may be that Baidu is becoming desperate about discovering new sources of growth to maintain its breakneck pace of expansion.
Baidu now trades on 19 times forwar
July 27, 2012 11:29 pm by Joe Leahy
More reports that Baidu, China’s biggest search engine, is launching in Brazil.
There are plenty of reasons to come to Latin America’s biggest economy, where internet use is rising rapidly, driven by social media.
But that still begs the question of how Baidu will differentiate itself in Latin America.
How will it unseat Google with a search engine that is more familiar to Chinese users than Portuguese speakers? No one seems to have the answer.
The first Brazilian offering from Baidu, as noted by website thenextweb.com, is actually a directory that seems to offer little value-added for Brazilians.
As thenextweb.com says:
Given that it chose a directory site for its first Brazil-focused product, Baidu appears to have opted to make a quiet entrance rather than a big splash.
As thenextweb.com also mentioned, is somewhat comical that this directory page uses a google search engine. So what indeed is the point here?
As the FT noted in a Lex column this week, the point may be that Baidu is becoming desperate about discovering new sources of growth to maintain its breakneck pace of expansion.
Baidu now trades on 19 times forwar
Baidu-Owned Travel Site Doubles Revenue as Chinese Seek Deals
By Mark Lee - Jul 31, 2012
Qunar.com Inc., a Chinese online travel site part-owned by Baidu Inc. (BIDU), said its first-half revenue doubled as consumers used its website to search for more deals on tickets and hotels, generating higher ad sales.
Collaboration with Baidu aided growth in user traffic at Qunar, Chief Executive Officer CC Zhuang said in a phone interview yesterday. Sales and usage of Qunar’s website doubled in the first half, Zhuang said, declining to provide figures.
Qunar’s business is weathering the economic slowdown in China and increased competition from online travel rivals including Ctrip.com International Ltd. (CTRP), Zhuang said. Similar to the U.S. website operator Kayak Software Corp., Qunar operates a travel search-engine for consumers and sells paid web-links to customers including airlines and hotels.
“This is one of the best years we’ve had,” Zhuang said. “Last year we more than doubled, it’s likely we will continue this very strong growth this year,” he said, referring to revenue. He declined to provide a forecast for full-year sales.
Baidu, China’s biggest search-engine company, last year paid $306 million to acquire a majority stake in Qunar for its biggest acquisition.
Ctrip, based in Shanghai, last week said second-quarter profit fell 55 percent to 120 million yuan ($19 million), after spending on product development increased. Ctrip started “intensified marketing campaigns” to attract new users, the company said at the time.
“So far we’ve seen no impact,” Zhuang said, when asked about the effect of the Ctrip campaign on Qunar’s business.
Baidu shares fell 1.2 percent to $119.85 at 12:21 p.m. in New York trading.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net
®2012 BLOOMBERG L.P. ALL RIGHTS RESERVED.
By Mark Lee - Jul 31, 2012
Qunar.com Inc., a Chinese online travel site part-owned by Baidu Inc. (BIDU), said its first-half revenue doubled as consumers used its website to search for more deals on tickets and hotels, generating higher ad sales.
Collaboration with Baidu aided growth in user traffic at Qunar, Chief Executive Officer CC Zhuang said in a phone interview yesterday. Sales and usage of Qunar’s website doubled in the first half, Zhuang said, declining to provide figures.
Qunar’s business is weathering the economic slowdown in China and increased competition from online travel rivals including Ctrip.com International Ltd. (CTRP), Zhuang said. Similar to the U.S. website operator Kayak Software Corp., Qunar operates a travel search-engine for consumers and sells paid web-links to customers including airlines and hotels.
“This is one of the best years we’ve had,” Zhuang said. “Last year we more than doubled, it’s likely we will continue this very strong growth this year,” he said, referring to revenue. He declined to provide a forecast for full-year sales.
Baidu, China’s biggest search-engine company, last year paid $306 million to acquire a majority stake in Qunar for its biggest acquisition.
Ctrip, based in Shanghai, last week said second-quarter profit fell 55 percent to 120 million yuan ($19 million), after spending on product development increased. Ctrip started “intensified marketing campaigns” to attract new users, the company said at the time.
“So far we’ve seen no impact,” Zhuang said, when asked about the effect of the Ctrip campaign on Qunar’s business.
Baidu shares fell 1.2 percent to $119.85 at 12:21 p.m. in New York trading.
To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net
To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net
®2012 BLOOMBERG L.P. ALL RIGHTS RESERVED.
kann mir bitte einer erklaehren warumm Baidu einfach nicht steigt,inf, sind doch bestends?????
Antwort auf Beitrag Nr.: 43.445.918 von donarita am 01.08.12 15:35:35Selbstverständlich kann ich das
Es gibt nämlich keinen signifikanten Überhang an Kaufwilligen, durch die die Kurse
getrieben werden könnten.
Gruß Karlll
Es gibt nämlich keinen signifikanten Überhang an Kaufwilligen, durch die die Kurse
getrieben werden könnten.
Gruß Karlll
Baidu - Die erste Hürde ist genommen
von Christian Stern
Mittwoch 01.08.2012, 20:24 Uhr
Mit dem Überschreiten des Widerstands bei 117,85 $ konnte die Aktie nach dem Überwinden der Abwärtstrendlinie bereits das zweite positive Zeichen setzen. Zudem konnte das hohe Niveau bisher ohne Anzeichen einer Korrektur gehalten werden.
Kurse über dem Widerstand bei 124,80 $, und somit auch über der wichtigen 200-Tage-Linie, könnten zum Test der Marke 137,75 $ führen. Long-Positionen könnte man beim Überschreiten des Hochs unter der Unterstützung bei 117,85 $ absichern. Etwas mehr Spielraum gönnt man der Position mit einem Stop-Loss bei 107,50 $.
von Christian Stern
Mittwoch 01.08.2012, 20:24 Uhr
Mit dem Überschreiten des Widerstands bei 117,85 $ konnte die Aktie nach dem Überwinden der Abwärtstrendlinie bereits das zweite positive Zeichen setzen. Zudem konnte das hohe Niveau bisher ohne Anzeichen einer Korrektur gehalten werden.
Kurse über dem Widerstand bei 124,80 $, und somit auch über der wichtigen 200-Tage-Linie, könnten zum Test der Marke 137,75 $ führen. Long-Positionen könnte man beim Überschreiten des Hochs unter der Unterstützung bei 117,85 $ absichern. Etwas mehr Spielraum gönnt man der Position mit einem Stop-Loss bei 107,50 $.
Chinese Web giant Baidu eyes acquisitions to boost its mobile push
2nd August 2012 by Jon Russell
Chinese search giant Baidu is ready to step up its acquisition game to help it continue to develop its business into key areas of focus, according to CEO Robin Li.
Speaking on an analyst call, Li revealed that the company is accelerating its growth plans in areas such as mobile, e-commerce and international expansion and, to that point, it will consider acquisitions in addition to organic growth.
Baidu has been linked with buying a piece of UC, an Opera-type browser maker from China, and Li reportedly stated his belief that inorganic growth is a key way to offer a wider range of services to users. The company will consider acquiring “ready-made” products that enhance its existing suite of services, Li added.
The US-listed company is actively developing its mobile play — partnering with microblogging giant Sina on search and content this week — while it continues to take steps to explore potential overseas options. Last month, it opened the doors on its Singapore-based research center, aimed at helping localise services in Southeast Asia and elsewhere, while it officially stepped into Latin America with the launch of directory Hao123 in Brazil.
The company is also active in the Middle East, and is thought to be using the selective release of niche products to prepare the ground to introduce larger, more profitable services.
Speaking in February, Li said Baidu would focus hard on growing its mobile presence and, with more Chinese going online via mobiles than PCs, the strategy is bearing early fruit. Company CFO Jennifer Li (no relation) revealed that its online advertising customer base stood at 350,000 at the end of the second quarter, up 9.7 percent on the first quarter.
Baidu released its second quarter earnings on July 23. The Web giant saw revenues grow 60 percent year on year to reach $859 million during the three month period.
This year has seen some significant deals drop, including billion dollar acquisitions of Instagram and Yammer, and it will be interesting to see if Li acts on his words and Baidu joins the tech industry’s big spenders.
2nd August 2012 by Jon Russell
Chinese search giant Baidu is ready to step up its acquisition game to help it continue to develop its business into key areas of focus, according to CEO Robin Li.
Speaking on an analyst call, Li revealed that the company is accelerating its growth plans in areas such as mobile, e-commerce and international expansion and, to that point, it will consider acquisitions in addition to organic growth.
Baidu has been linked with buying a piece of UC, an Opera-type browser maker from China, and Li reportedly stated his belief that inorganic growth is a key way to offer a wider range of services to users. The company will consider acquiring “ready-made” products that enhance its existing suite of services, Li added.
The US-listed company is actively developing its mobile play — partnering with microblogging giant Sina on search and content this week — while it continues to take steps to explore potential overseas options. Last month, it opened the doors on its Singapore-based research center, aimed at helping localise services in Southeast Asia and elsewhere, while it officially stepped into Latin America with the launch of directory Hao123 in Brazil.
The company is also active in the Middle East, and is thought to be using the selective release of niche products to prepare the ground to introduce larger, more profitable services.
Speaking in February, Li said Baidu would focus hard on growing its mobile presence and, with more Chinese going online via mobiles than PCs, the strategy is bearing early fruit. Company CFO Jennifer Li (no relation) revealed that its online advertising customer base stood at 350,000 at the end of the second quarter, up 9.7 percent on the first quarter.
Baidu released its second quarter earnings on July 23. The Web giant saw revenues grow 60 percent year on year to reach $859 million during the three month period.
This year has seen some significant deals drop, including billion dollar acquisitions of Instagram and Yammer, and it will be interesting to see if Li acts on his words and Baidu joins the tech industry’s big spenders.
Hallo Karlll,wie gehts weiter mit Baidu????
Antwort auf Beitrag Nr.: 43.455.557 von donarita am 03.08.12 18:36:04@ donarita
ich kann Dir wohl sagen, daß ein Kilo Rindfleisch und ein Liter Wasser eine kräftige
Suppe geben kann, aber nicht, wie es mit Baidu weitergeht.
Wir haben eine politische Börse, da ist alles möglich.
Und ansonsten wußte Newton bereits Newton, den die Börse in die Pleite getrieben hat:
"Ich kann die Bahn der Himmelskörper berechnen, nicht aber, wohin eine verrückte Menge die Kurse treibt"
Isaac Newton, Astronom, 1643-1727
und
eine Glaskugel besitze ich auch nicht, sonst hätte ich mir bereits eine Insel in der
Südsee gekauft.
ich kann Dir wohl sagen, daß ein Kilo Rindfleisch und ein Liter Wasser eine kräftige
Suppe geben kann, aber nicht, wie es mit Baidu weitergeht.
Wir haben eine politische Börse, da ist alles möglich.
Und ansonsten wußte Newton bereits Newton, den die Börse in die Pleite getrieben hat:
"Ich kann die Bahn der Himmelskörper berechnen, nicht aber, wohin eine verrückte Menge die Kurse treibt"
Isaac Newton, Astronom, 1643-1727
und
eine Glaskugel besitze ich auch nicht, sonst hätte ich mir bereits eine Insel in der
Südsee gekauft.
sorry,wollte nur deine Meinung lesen,
Antwort auf Beitrag Nr.: 43.458.240 von donarita am 05.08.12 12:39:54@ donarita
passt schon, aufgrund Deiner Postings muß ich Dich als relativen Neuling im Börsen-
geschehen verorten, und so fragst Du halt auch.
Du möchtest gern Orientierung haben, wissen wo es langgeht.
Ich bin seit 18 Jahren dabei und darf Dir versichern, daß es diesen roten Faden nicht
gibt.
An der Börse macht man halt Erfahrungen oder Gewinne. Und ich würde auch niemandem
Rat erteilen mögen. Man muß seine Erfahrungen selber machen.
Schönes WE.
wünscht
Karlll
passt schon, aufgrund Deiner Postings muß ich Dich als relativen Neuling im Börsen-
geschehen verorten, und so fragst Du halt auch.
Du möchtest gern Orientierung haben, wissen wo es langgeht.
Ich bin seit 18 Jahren dabei und darf Dir versichern, daß es diesen roten Faden nicht
gibt.
An der Börse macht man halt Erfahrungen oder Gewinne. Und ich würde auch niemandem
Rat erteilen mögen. Man muß seine Erfahrungen selber machen.
Schönes WE.
wünscht
Karlll
hallo Karlll, endlich in der gewinnzone,lasse erstmal weiter laufen,135-140$,waere nicht schlecht
13.08.2012 | 17:20
S&P Capital IQ Picks Baidu Focus Stock of the Week
NEW YORK, Aug. 13, 2012 /PRNewswire/ -- The American Depositary shares (ADSs) of Baidu, Inc. (NASDAQ: BIDU: $131) have been picked by S&P Capital IQ as its Focus Stock of the Week. BIDU carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"Baidu has become of the best-known, largest and most successful Internet companies in the world," said Scott Kessler, equity analyst at S&P Capital IQ. "The company is the leading provider of Internet services and we see considerable growth ahead. We believe China's Internet population, already the largest in the world, continues to grow in size and sophistication, which should lead to more Baidu customers, revenues, and profits. While we see competition with many large Internet companies and challenges to mobile, we believe Baidu is positioned well an operating effectively. We view Baidu as offering a unique combination of growth and value."
To view a video of Mr. Kessler discussing BIDU click on the following link. Weblink to video
About S&P Capital IQ
S&P Capital IQ, a business line of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations, and Compustat; and research offerings, including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit www.spcapitaliq.com.
For more information contact:
Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com
All information provided by S&P Capital IQ is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. S&P Capital IQ and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
This material is based upon information that we consider to be reliable, but neither S&P Capital IQ nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P Capital IQ nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P Capital IQ nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
SOURCE S&P Capital IQ
S&P Capital IQ Picks Baidu Focus Stock of the Week
NEW YORK, Aug. 13, 2012 /PRNewswire/ -- The American Depositary shares (ADSs) of Baidu, Inc. (NASDAQ: BIDU: $131) have been picked by S&P Capital IQ as its Focus Stock of the Week. BIDU carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"Baidu has become of the best-known, largest and most successful Internet companies in the world," said Scott Kessler, equity analyst at S&P Capital IQ. "The company is the leading provider of Internet services and we see considerable growth ahead. We believe China's Internet population, already the largest in the world, continues to grow in size and sophistication, which should lead to more Baidu customers, revenues, and profits. While we see competition with many large Internet companies and challenges to mobile, we believe Baidu is positioned well an operating effectively. We view Baidu as offering a unique combination of growth and value."
To view a video of Mr. Kessler discussing BIDU click on the following link. Weblink to video
About S&P Capital IQ
S&P Capital IQ, a business line of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations, and Compustat; and research offerings, including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit www.spcapitaliq.com.
For more information contact:
Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com
All information provided by S&P Capital IQ is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. S&P Capital IQ and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
This material is based upon information that we consider to be reliable, but neither S&P Capital IQ nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P Capital IQ nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P Capital IQ nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
SOURCE S&P Capital IQ
leider hat sich oben genanter bericht,bis heute nicht bemerkbar gemacht,
Na, das ist ja wieder sehr putzig heute. Buy-Rating bekräftigt und neues KZ 215,-- US-$, und es geht kräftig rolltreppe abwärts.
Posted by Scotty Dyson on Aug 21st, 2012
Baidu.com, Inc. logoCredit Agricole reaffirmed their buy rating on shares of Baidu.com (NASDAQ: BIDU) in a report issued on Tuesday. They currently have a $215.00 target price on the stock.
BIDU has been the subject of a number of other recent research reports. Analysts at HSBC raised their price target on shares of Baidu.com from $154.00 to $157.00 in a research note to investors on Thursday, August 9th. They now have an overweight rating on the stock. Separately, analysts at Goldman Sachs reiterated a neutral rating on shares of Baidu.com in a research note to investors on Tuesday, July 24th. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Baidu.com in a research note to investors on Tuesday, July 24th.
Shares of Baidu.com traded down 1.65% during mid-day trading on Tuesday, hitting $128.75. Baidu.com has a one year low of $99.71 and a one year high of $154.15. The company has a market cap of $44.985 billion and a P/E ratio of 33.99.
Baidu.com last announced its earnings results on Monday, July 23rd. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.13. Baidu.com’s revenue was up 62.4% compared to the same quarter last year. On average, analysts predict that Baidu.com will post $4.68 earnings per share for the current fiscal year.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. Baidu serves three types of online participants, which include users, customers and Baidu union members.
Posted by Scotty Dyson on Aug 21st, 2012
Baidu.com, Inc. logoCredit Agricole reaffirmed their buy rating on shares of Baidu.com (NASDAQ: BIDU) in a report issued on Tuesday. They currently have a $215.00 target price on the stock.
BIDU has been the subject of a number of other recent research reports. Analysts at HSBC raised their price target on shares of Baidu.com from $154.00 to $157.00 in a research note to investors on Thursday, August 9th. They now have an overweight rating on the stock. Separately, analysts at Goldman Sachs reiterated a neutral rating on shares of Baidu.com in a research note to investors on Tuesday, July 24th. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Baidu.com in a research note to investors on Tuesday, July 24th.
Shares of Baidu.com traded down 1.65% during mid-day trading on Tuesday, hitting $128.75. Baidu.com has a one year low of $99.71 and a one year high of $154.15. The company has a market cap of $44.985 billion and a P/E ratio of 33.99.
Baidu.com last announced its earnings results on Monday, July 23rd. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.13. Baidu.com’s revenue was up 62.4% compared to the same quarter last year. On average, analysts predict that Baidu.com will post $4.68 earnings per share for the current fiscal year.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. Baidu serves three types of online participants, which include users, customers and Baidu union members.
Qihoo To Offer Own Search, Sending Baidu Slipping
Tue, Aug 21 2012
Qihoo 360 Technology (QIHU) will start using its own search engine, a move that is sending shares of China search leader Baidu retreating.
Qihoo 360, which is set to release its Q2 earnings late Tuesday, has dropped Google (GOOG) as its primary browser search engine, opting instead for its own search service, according to The Wall Street Journal.
Qihoo launched a search engine last week.
The news sent Qihoo's U.S. shares up 8% in afternoon trading Tuesday, to a three-month high, while Baidu (BIDU) shares were down nearly 5%.
Baidu's wide-ranging business, which makes money in search advertising much like Google does, is being attacked on several fronts. Chinese Internet video company Youku (YOKU) on Monday completed its purchase of competitor Tudou, which gives the combined Youku Tudou a commanding No. 1 spot with 38% market share of Internet video in China, according to data compiled in 2011 by local research firm Analysys International. No. 2 Sohu.com (SOHU) holds 13%.
Shareholders on Monday approved the $1 billion acquisition, and the process of merging the companies will start "as soon as practicable," Youku said in a news release.
Baidu's been investing in its QiYi.com Internet TV site, where it lost $28.5 million in 2011, according to regulatory filings.
Tue, Aug 21 2012
Qihoo 360 Technology (QIHU) will start using its own search engine, a move that is sending shares of China search leader Baidu retreating.
Qihoo 360, which is set to release its Q2 earnings late Tuesday, has dropped Google (GOOG) as its primary browser search engine, opting instead for its own search service, according to The Wall Street Journal.
Qihoo launched a search engine last week.
The news sent Qihoo's U.S. shares up 8% in afternoon trading Tuesday, to a three-month high, while Baidu (BIDU) shares were down nearly 5%.
Baidu's wide-ranging business, which makes money in search advertising much like Google does, is being attacked on several fronts. Chinese Internet video company Youku (YOKU) on Monday completed its purchase of competitor Tudou, which gives the combined Youku Tudou a commanding No. 1 spot with 38% market share of Internet video in China, according to data compiled in 2011 by local research firm Analysys International. No. 2 Sohu.com (SOHU) holds 13%.
Shareholders on Monday approved the $1 billion acquisition, and the process of merging the companies will start "as soon as practicable," Youku said in a news release.
Baidu's been investing in its QiYi.com Internet TV site, where it lost $28.5 million in 2011, according to regulatory filings.
minus 6% ...so ein übertriebener schwachsin
Bin bei 130$ raus,und hab mich geergert,wie es auf 134,75 ging,und schon wieder scheisse gekauft, Infinion
Qihoo 360 Won't Be the Death of Baidu
By Rick Aristotle Munarriz
August 22, 2012
Shares of Baidu (Nasdaq: BIDU ) tumbled 6% -- and Qihoo 360 (NYSE: QIHU ) moved 4% higher -- after a Wall Street Journal report revealed that Qihoo was dumping its search partner.
Did you think that Baidu was Qihoo 360's search partner? Oh no. The company behind China's leading Web browser and suite of online security products is actually dismissing Google (Nasdaq: GOOG ) . The news of Baidu's nearest rival losing a key partner would seem to be good news, but the fear here is that Qihoo 360 will gain traction with its homegrown solution.
We'll see about that.
Qihoo 360 is a great unheralded growth stock, and it proved it last night with a strong second-quarter report. Revenue more than doubled to $72.8 million, and adjusted earnings climbed 56% to $20.6 million. There are now 425 million active monthly users across the company's PC products and another 120 million people relying on its mobile security products for smartphones in China.
However, if being the Web browser of choice dictated search superiority wouldn't Bing have displaced Google by now?
Perhaps more importantly, if Qihoo 360 with Google didn't slow Baidu down as it amassed the lion's share of China's booming search business, why should Qihoo 360 fare any better on its own?
Yes, Qihoo 360 has an exciting opportunity here. It can create its own brand in search, and it won't have a problem attracting tire kickers. A daily average of 83 million people are now relying on Qihoo 360's personalized start-up page, and if someone's searching for something it's awfully tempting to click on the search box hanging out on a home page. However, it's never as easy as that. Sohu.com (Nasdaq: SOHU ) runs a popular portal, yet its seasoned Sogou search engine has a mere sliver of the market.
Qihoo 360's move may seem to create uncertainty, but all it ultimately does is replace whatever it represented of Google's market share with its own.
Baidu will be fine.
By Rick Aristotle Munarriz
August 22, 2012
Shares of Baidu (Nasdaq: BIDU ) tumbled 6% -- and Qihoo 360 (NYSE: QIHU ) moved 4% higher -- after a Wall Street Journal report revealed that Qihoo was dumping its search partner.
Did you think that Baidu was Qihoo 360's search partner? Oh no. The company behind China's leading Web browser and suite of online security products is actually dismissing Google (Nasdaq: GOOG ) . The news of Baidu's nearest rival losing a key partner would seem to be good news, but the fear here is that Qihoo 360 will gain traction with its homegrown solution.
We'll see about that.
Qihoo 360 is a great unheralded growth stock, and it proved it last night with a strong second-quarter report. Revenue more than doubled to $72.8 million, and adjusted earnings climbed 56% to $20.6 million. There are now 425 million active monthly users across the company's PC products and another 120 million people relying on its mobile security products for smartphones in China.
However, if being the Web browser of choice dictated search superiority wouldn't Bing have displaced Google by now?
Perhaps more importantly, if Qihoo 360 with Google didn't slow Baidu down as it amassed the lion's share of China's booming search business, why should Qihoo 360 fare any better on its own?
Yes, Qihoo 360 has an exciting opportunity here. It can create its own brand in search, and it won't have a problem attracting tire kickers. A daily average of 83 million people are now relying on Qihoo 360's personalized start-up page, and if someone's searching for something it's awfully tempting to click on the search box hanging out on a home page. However, it's never as easy as that. Sohu.com (Nasdaq: SOHU ) runs a popular portal, yet its seasoned Sogou search engine has a mere sliver of the market.
Qihoo 360's move may seem to create uncertainty, but all it ultimately does is replace whatever it represented of Google's market share with its own.
Baidu will be fine.
Antwort auf Beitrag Nr.: 43.519.550 von donarita am 22.08.12 10:43:18na dann kannste doch jetzt wieder rein
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- Sagenhaft -
die Shorties schmeissen wieder auf den Markt, was das Zeug hält, die machen hier keine
Gefangenen.
die Shorties schmeissen wieder auf den Markt, was das Zeug hält, die machen hier keine
Gefangenen.
Baidu Troubles Mount: Analyst Downgrade, Chart Failure, and Put Options
Posted 12:13PM 08/23/12
Baidu, Inc. (NASDAQ: BIDU) is supposed to be a winner in the war for Chinese internet search. But that is not going to put it in good company if the growth of China keeps slowing and if the accusations that China's growth numbers are grossly inflated are real.
Now a late-morning analyst downgrade from Deutsche Bank is taking some steam out of the Chinese search engine giant. At 12:05 PM EST we have Baidu shares down 5.5% at $116.05. The stock was above $121.00up until about 11:30 and shares have yet to tick up. The trading volume is over 6.2 million shares against what is now just a 4.2 million share average daily volume.
Things have gone weak in the options trading game as well. The $115, $120, and $125 call options expiring tomorrow saw more than 12,000 contracts combined in trading but the puts with a $110, $115, and $120 strike price have seen more than 15,000 contracts trade hands. As a reminder, it is 10,000 contracts which equate to another 1 million shares on a fully leveraged basis.
Before the effects of that Baidu downgrade, Thomson Reuters has a consensus price target of about $169.00 on Baidu and the 52-week trading range is $99.71 to $154.15.
Keep in mind that Baidu's 50-day moving average is $118.56 and the stock fell under the 200-day moving average of $127.65 just earlier this week.
JON C. OGG
Posted 12:13PM 08/23/12
Baidu, Inc. (NASDAQ: BIDU) is supposed to be a winner in the war for Chinese internet search. But that is not going to put it in good company if the growth of China keeps slowing and if the accusations that China's growth numbers are grossly inflated are real.
Now a late-morning analyst downgrade from Deutsche Bank is taking some steam out of the Chinese search engine giant. At 12:05 PM EST we have Baidu shares down 5.5% at $116.05. The stock was above $121.00up until about 11:30 and shares have yet to tick up. The trading volume is over 6.2 million shares against what is now just a 4.2 million share average daily volume.
Things have gone weak in the options trading game as well. The $115, $120, and $125 call options expiring tomorrow saw more than 12,000 contracts combined in trading but the puts with a $110, $115, and $120 strike price have seen more than 15,000 contracts trade hands. As a reminder, it is 10,000 contracts which equate to another 1 million shares on a fully leveraged basis.
Before the effects of that Baidu downgrade, Thomson Reuters has a consensus price target of about $169.00 on Baidu and the 52-week trading range is $99.71 to $154.15.
Keep in mind that Baidu's 50-day moving average is $118.56 and the stock fell under the 200-day moving average of $127.65 just earlier this week.
JON C. OGG
Why Baidu’s Shares Stumbled
By Alex Planes
August 23, 2012
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese search engine Baidu (Nasdaq: BIDU ) fell as much as 10% in intraday trading, before recovering to a 6% loss for the day. Several factors contributed to the drop, including an analyst downgrade, and potential legal action against online rival Qihoo 360 (Nasdaq: QIHU ) .
So what: Baidu has been China’s dominant search engine, but today’s downgrade came on the heels of revelations that the company might take legal recourse against Qihoo for its newly-designed search engine. The smaller Qihoo is known primarily for its Internet security products, but had an agreement with Google (Nasdaq: GOOG ) to use a modified version of its search engine. Today’s legal rumblings led Deutsche Bank to downgrade Baidu to Hold, although Citigroup’s analysts maintained their long-term Buy rating on Baidu earlier in the day.
Now what: Competitive threats are always a danger for Internet companies, but both Baidu and Deutsche Bank may be overestimating Qihoo’s ability to develop a truly viable alternative. Google’s faced billion-dollar threats for years, and yet has kept a chokehold on global English-language searches. This situation is certainly worth keeping a close eye on, but investors shouldn’t expect Qihoo to suddenly trounce a very well-established Chinese search engine without substantial effort and significant market dissatisfaction with the incumbent.
By Alex Planes
August 23, 2012
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese search engine Baidu (Nasdaq: BIDU ) fell as much as 10% in intraday trading, before recovering to a 6% loss for the day. Several factors contributed to the drop, including an analyst downgrade, and potential legal action against online rival Qihoo 360 (Nasdaq: QIHU ) .
So what: Baidu has been China’s dominant search engine, but today’s downgrade came on the heels of revelations that the company might take legal recourse against Qihoo for its newly-designed search engine. The smaller Qihoo is known primarily for its Internet security products, but had an agreement with Google (Nasdaq: GOOG ) to use a modified version of its search engine. Today’s legal rumblings led Deutsche Bank to downgrade Baidu to Hold, although Citigroup’s analysts maintained their long-term Buy rating on Baidu earlier in the day.
Now what: Competitive threats are always a danger for Internet companies, but both Baidu and Deutsche Bank may be overestimating Qihoo’s ability to develop a truly viable alternative. Google’s faced billion-dollar threats for years, and yet has kept a chokehold on global English-language searches. This situation is certainly worth keeping a close eye on, but investors shouldn’t expect Qihoo to suddenly trounce a very well-established Chinese search engine without substantial effort and significant market dissatisfaction with the incumbent.
BAIDU.COM-Aktie: Rating und Kursziel gesenkt
24.08.12 17:48
Deutsche Bank
Frankfurt (www.aktiencheck.de) - Alan Hellawell, Analyst der Deutschen Bank, stuft das Rating für die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) auf "hold" herab.
Aus den Recherchen der Deutschen Bank gehe hervor, dass BAIDU.COM im Suchmaschinengeschäft vier bis acht Prozentpunkte der Marktanteile an Qihoo verloren habe. Die Suchmaschine sei am 16. August 2012 an den Start gegangen. Man rechne damit, dass BAIDU.COM in den nächsten zwei Quartalen weitere Marktanteile an Qihoo verlieren werde, bevor sich die Lage wieder stabilisiere. Umsatz und EPS von BAIDU.COM dürften im Jahr 2013 durch die neue Konkurrenz um 6% respektive 9% beeinträchtigt werden.
Bei der Deutschen Bank habe man nun die EPS-Schätzungen für die Jahre 2013 und 2014 um 9% respektive 10% gesenkt. Mit der Prognose für 2013 bewege man sich 10% unter der Konsensschätzung. Das Kursziel für die BAIDU.COM-Aktie werde von 186,00 USD auf 137,00 USD herabgesetzt.
Die Analysten der Deutschen Bank vergeben für die Aktie von BAIDU.COM das Rating "hold". (Analyse vom 24.08.2012) (24.08.2012/ac/a/a)
24.08.12 17:48
Deutsche Bank
Frankfurt (www.aktiencheck.de) - Alan Hellawell, Analyst der Deutschen Bank, stuft das Rating für die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) auf "hold" herab.
Aus den Recherchen der Deutschen Bank gehe hervor, dass BAIDU.COM im Suchmaschinengeschäft vier bis acht Prozentpunkte der Marktanteile an Qihoo verloren habe. Die Suchmaschine sei am 16. August 2012 an den Start gegangen. Man rechne damit, dass BAIDU.COM in den nächsten zwei Quartalen weitere Marktanteile an Qihoo verlieren werde, bevor sich die Lage wieder stabilisiere. Umsatz und EPS von BAIDU.COM dürften im Jahr 2013 durch die neue Konkurrenz um 6% respektive 9% beeinträchtigt werden.
Bei der Deutschen Bank habe man nun die EPS-Schätzungen für die Jahre 2013 und 2014 um 9% respektive 10% gesenkt. Mit der Prognose für 2013 bewege man sich 10% unter der Konsensschätzung. Das Kursziel für die BAIDU.COM-Aktie werde von 186,00 USD auf 137,00 USD herabgesetzt.
Die Analysten der Deutschen Bank vergeben für die Aktie von BAIDU.COM das Rating "hold". (Analyse vom 24.08.2012) (24.08.2012/ac/a/a)
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Barclays senkt den Daumen und schon geht es wieder rolltreppe abwärts.
Barclays lowered its price target for BIDU to $153 from $189 ahead of the opening bell, which could exacerbate the equity's year-over-year loss of roughly 19%. Nevertheless, calls still outweigh puts, as reflected by the stock's 20-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 1.34. Additionally, the stock's Schaeffer's Volatility Index (SVI) of 35% ranks higher than just 11% of all other readings taken during the past year -- suggesting that short-term options are reasonably priced right now.
Barclays lowered its price target for BIDU to $153 from $189 ahead of the opening bell, which could exacerbate the equity's year-over-year loss of roughly 19%. Nevertheless, calls still outweigh puts, as reflected by the stock's 20-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 1.34. Additionally, the stock's Schaeffer's Volatility Index (SVI) of 35% ranks higher than just 11% of all other readings taken during the past year -- suggesting that short-term options are reasonably priced right now.
-6 % die spinnen die amis
Auf Basis der prognostizierten Zahlen für das nächste Jahr liegt das
2012er KGV bei 19.
2012er KGV bei 19.
ich verstehe die panik wegen 2 meldungen der letzten tage auch nicht...naja...abwarten werden sich ja hoffentlich wieder erholen
drei tage alt:
BAIDU.COM-Aktie: Marktreaktion auf Qihoo 360-Suchmaschinengeschäft übertrieben
27.08.12 15:17
ThinkEquity Partners
San Francisco (www.aktiencheck.de) - Qi Guo und Yun Kim, Analysten von ThinkEquity Partners, bewerten die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy".
Obwohl der Eintritt von Qihoo 360 Technology in das Suchmaschinengeschäft schlecht für BAIDU.COM sei, würden die Investoren den negativen Einfluss überschätzen. Auf kurze Sicht halte man das Suchmaschinengeschäft von Qihoo 360 für nicht ausgereift genug, um Marktanteile von BAIDU.COM zu gewinnen. Den Gesprächen der ThinkEquity Partners-Analysten mit dem BAIDU.COM-Management im vergangenen Jahr zufolge habe die Internetsuche mehr als 90% des Unternehmensumsatzes generiert.
Im Worst Case-Szenario werde Qihoo 360 die BAIDU.COM-Suche vollständig vom eigenen Internetportal entfernen, woraufhin BAIDU.COM eine Umsatzeinbuße im niedrigen Zehnprozentbereich erleiden würde. Dieses Szenario werde aber vermutlich nicht eintreten. Die EPS-Prognose von ThinkEquity Partners für die Jahre 2012 und 2013 liege bei 4,60 USD (KGV: 11,2) und 6,30 USD (KGV: 7,8). Das Kursziel der BAIDU.COM-Aktie werde mit 180,00 USD beibehalten.
Auf dieser Grundlage lautet das Rating der Analysten von ThinkEquity Partners für die Aktie von BAIDU.COM weiterhin "buy". (Analyse vom 24.08.12) (27.08.2012/ac/a/a)
BAIDU.COM-Aktie: Marktreaktion auf Qihoo 360-Suchmaschinengeschäft übertrieben
27.08.12 15:17
ThinkEquity Partners
San Francisco (www.aktiencheck.de) - Qi Guo und Yun Kim, Analysten von ThinkEquity Partners, bewerten die Aktie von BAIDU.COM (ISIN US0567521085 / WKN A0F5DE) unverändert mit "buy".
Obwohl der Eintritt von Qihoo 360 Technology in das Suchmaschinengeschäft schlecht für BAIDU.COM sei, würden die Investoren den negativen Einfluss überschätzen. Auf kurze Sicht halte man das Suchmaschinengeschäft von Qihoo 360 für nicht ausgereift genug, um Marktanteile von BAIDU.COM zu gewinnen. Den Gesprächen der ThinkEquity Partners-Analysten mit dem BAIDU.COM-Management im vergangenen Jahr zufolge habe die Internetsuche mehr als 90% des Unternehmensumsatzes generiert.
Im Worst Case-Szenario werde Qihoo 360 die BAIDU.COM-Suche vollständig vom eigenen Internetportal entfernen, woraufhin BAIDU.COM eine Umsatzeinbuße im niedrigen Zehnprozentbereich erleiden würde. Dieses Szenario werde aber vermutlich nicht eintreten. Die EPS-Prognose von ThinkEquity Partners für die Jahre 2012 und 2013 liege bei 4,60 USD (KGV: 11,2) und 6,30 USD (KGV: 7,8). Das Kursziel der BAIDU.COM-Aktie werde mit 180,00 USD beibehalten.
Auf dieser Grundlage lautet das Rating der Analysten von ThinkEquity Partners für die Aktie von BAIDU.COM weiterhin "buy". (Analyse vom 24.08.12) (27.08.2012/ac/a/a)
SAN FRANCISCO (MarketWatch) — Baidu Inc. shares fell Wednesday after one analyst questioned whether recent tactics in the Chinese search giant’s war against Qihoo 360 Technology Co. could backfire.
On Wednesday, Baidu (US:BIDU) U.S.-traded shares fell 6% to $113.34 while U.S.-traded shares of Qihoo (US:QIHU) rose 2.9% to $22.18.
On Tuesday, Baidu, which accounts for more than 80% of search traffic in China, started redirecting search traffic coming from the much-smaller Qihoo to its own home page.
Investors responded by driving Baidu’s shares 3% higher and Qihoo’s 6% lower Tuesday, adding to a three-session streak where Baidu shares gained 4.8% and Qihoo shares shed 9%.
That trend changed Wednesday after Stifel Nicolaus analyst George Askew said the tactic could backfire on Baidu, and another analyst reduced her price target on the Chinese search giant.
Wednesday’s action is more in line with Baidu’s and Qihoo’s respective share movements since Aug. 16, when Qihoo, known for its Internet security products, launched its 360 Comprehensive Search engine.
The search engine, which replaced Google Inc.’s (US:GOOG) Google China search on Qihoo browsers, allows users to choose from 13 different search categories and results from 15 search engines.
Since Aug. 16, Qihoo shares are up nearly 19% and Baidu’s are down about 15%.
As of Tuesday, when Qihoo users select Baidu as the search engine, rather than returning a result, the engine redirects the user to Baidu’s home page, where the user has to fill in the search terms again, according to Stifel’s Askew and media reports.
“By doing this, we believe Baidu is expecting that users will identify Qihoo with a poor search experience, and bypass Qihoo completely and begin searches at Baidu,” Askew said in a note. “However, the risk is that Qihoo users simply select a different search engine within the search category, and avoid Baidu.”
In response, Qihoo replaced Baidu as the default search engine for the search categories of News, Maps, and MP3s, according to the analyst.
Askew, which expects the battles between Baidu and Qihoo to get even nastier, has a buy rating on Qihoo with a target price of $31.
Also on Wednesday, Barclays analyst Alicia Yap cut her 12-month price target on Baidu to $153 from $189 while maintaining her overweight rating on the stock.
Yap estimates conservatively that Qihoo could dent Baidu’s traffic share by about 6% and its revenue by about 2% in 2013.
On Wednesday, Baidu (US:BIDU) U.S.-traded shares fell 6% to $113.34 while U.S.-traded shares of Qihoo (US:QIHU) rose 2.9% to $22.18.
On Tuesday, Baidu, which accounts for more than 80% of search traffic in China, started redirecting search traffic coming from the much-smaller Qihoo to its own home page.
Investors responded by driving Baidu’s shares 3% higher and Qihoo’s 6% lower Tuesday, adding to a three-session streak where Baidu shares gained 4.8% and Qihoo shares shed 9%.
That trend changed Wednesday after Stifel Nicolaus analyst George Askew said the tactic could backfire on Baidu, and another analyst reduced her price target on the Chinese search giant.
Wednesday’s action is more in line with Baidu’s and Qihoo’s respective share movements since Aug. 16, when Qihoo, known for its Internet security products, launched its 360 Comprehensive Search engine.
The search engine, which replaced Google Inc.’s (US:GOOG) Google China search on Qihoo browsers, allows users to choose from 13 different search categories and results from 15 search engines.
Since Aug. 16, Qihoo shares are up nearly 19% and Baidu’s are down about 15%.
As of Tuesday, when Qihoo users select Baidu as the search engine, rather than returning a result, the engine redirects the user to Baidu’s home page, where the user has to fill in the search terms again, according to Stifel’s Askew and media reports.
“By doing this, we believe Baidu is expecting that users will identify Qihoo with a poor search experience, and bypass Qihoo completely and begin searches at Baidu,” Askew said in a note. “However, the risk is that Qihoo users simply select a different search engine within the search category, and avoid Baidu.”
In response, Qihoo replaced Baidu as the default search engine for the search categories of News, Maps, and MP3s, according to the analyst.
Askew, which expects the battles between Baidu and Qihoo to get even nastier, has a buy rating on Qihoo with a target price of $31.
Also on Wednesday, Barclays analyst Alicia Yap cut her 12-month price target on Baidu to $153 from $189 while maintaining her overweight rating on the stock.
Yap estimates conservatively that Qihoo could dent Baidu’s traffic share by about 6% and its revenue by about 2% in 2013.
zu beachten :
Yap estimates conservatively that Qihoo could dent Baidu’s traffic share by about 6% and its revenue by about 2% in 2013.
also wat soll der zenober!!!
Yap estimates conservatively that Qihoo could dent Baidu’s traffic share by about 6% and its revenue by about 2% in 2013.
also wat soll der zenober!!!
wo ist der boden???
Antwort auf Beitrag Nr.: 43.552.958 von ecki007 am 30.08.12 19:04:35Actual Price Support Pivot Point Resistance
112.35 109.27 114.98 120.69
Ich denke die Marke 109,27 sollte nicht fallen,
war im Juni auch schon bei 102,35 !
Werde in den nächsten Wochen nachkaufen in der Bandbreite von 105-112$
aber im September wird es wie immer volatil sein.
Beste Grüsse
Oberkassler
112.35 109.27 114.98 120.69
Ich denke die Marke 109,27 sollte nicht fallen,
war im Juni auch schon bei 102,35 !
Werde in den nächsten Wochen nachkaufen in der Bandbreite von 105-112$
aber im September wird es wie immer volatil sein.
Beste Grüsse
Oberkassler
Antwort auf Beitrag Nr.: 43.552.958 von ecki007 am 30.08.12 19:04:35Ergänzung Cortal Consors:
Kurzfristiger SmartStop 85,76 EUR (107,25 USD) Stop Loss setzen
Mittelfristiger SmartStop 82,92 EUR (103,70 USD) Stop Loss setzen
Wiedereinstiegssignal 107,71 EUR (134,70 USD)
Beste Grüsse
Oberkassler
Kurzfristiger SmartStop 85,76 EUR (107,25 USD) Stop Loss setzen
Mittelfristiger SmartStop 82,92 EUR (103,70 USD) Stop Loss setzen
Wiedereinstiegssignal 107,71 EUR (134,70 USD)
Beste Grüsse
Oberkassler
Why Baidu Should Be Bought On The Pullback ?
It is always interesting to see what happens when momentum stocks slow down. While market leaders such as Apple (AAPL) and Baidu (BIDU) have risen on strong fundamentals, these companies are also momentum names.
Baidu rallied hard after over the last several months. While China's leading search engine company fell from around $160 a share late last year, to $100 a share several months ago, shares rebounded nicely over the last several months after the company's surprisingly strong recent earnings report.
(www.thestreet.com)
Baidu shares rallied from around $110 a share in mid-July, to over $130 a share in mid-August, and the stock had significantly outperformed the S&P 500, and its tracking exchange traded fund, SPY (SPY), over the last several months.
This is why I find the significant recent sell-off in Baidu's shares since mid-August on the news that the company may lose market share to new competitor, Qihoo(QIHU), so interesting.
I recently wrote that I thought Baidu was a broken growth story, and the company's two biggest problems have been stagnating market share growth in search and mobile, and an inability to monetize the company's existing market share in these fast growing markets.
Baidu's market share nearly doubled in the Chinese search engine market from 2004 to 2009. With Google increasingly having trouble with the Chinese government and the Chinese online advertising space growing at 20% a year, Baidu significantly expanded its search engine in this fast growing market at the right time.
Still, with Baidu market share in the Chinese search engine market at over 80%, and China slowing, increasing concerns over the company's decelerating growth rate caused the stock to sell-off hard.
Qihoo 360 technology was a company competing primarily in the mobile space against companies such as Ten Cent (0700-07.HK) over the last several years, and the company recently launched its popular web browser on August 16th. While conflicting reports exist, the consensus is that Qihoo likely has taken around 10-15% of the search engine market in China.
Still, Baidu's problem has been the company's inability to better monetize its existing market share in search, and management's struggles to increase and monetize the company's market share in the mobile space. Baidu has had over 75% of the Chinese search engine market the last several years, and the stock has gone nowhere.
This is why I think the recent sell-off over fears of possible market share loss is a buying opportunity.
Baidu's stock finally began to rebound after the company's critical recent earnings report. While the company's second fiscal quarter report did not show any market share gains in search or mobile, the company significantly increased its per ad fees this past quarter. Baidu's growth rate accelerated significantly this past quarter because of new and more targeted advertising revenue, and the company also further increased its existing advertising fees by focusing on smaller businesses and offering new forms of advertising methods, such as banner ads.
Baidu has been very successful at growing market share in the search space over the last decade, but the company's market share gains in search and mobile have been very minimal over the last several years. The critical challenge for the company now was monetizing its existing market share. Baidu showed it was better able to monetize its search and advertising revenue last quarter, and the company's growth rate accelerated to over 50% from first to second quarter.
To conclude, while Baidu was partially helped by an increase in advertising spending after the Chinese New Year, the company is showing strong ability to further monetize its existing market share, and Baidu's partnership with Apple could be significant with the new iPhone 5 launch if the company is better able to monetize the mobile advertising market. Baidu trades at nearly 18x average estimates of next years likely earnings, but the company is growing at over 40% a year. If the company's growth rate continues to accelerate the stock would likely trade at a growth multiple of 25-28x average estimates of next year likely earnings of $6.31 a share. That would make Baidu a $160-180 dollar stock.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
http://seekingalpha.com/article/840851-why-baidu-should-be-b…
Ich denke eine gute Analyse von Baidu und ich sehe persönlich die Baidu Aktien wieder Richtung Norden gehen.
Frage wie sich der Gesamtmarkt kurzfristig entwicklen wird im September, noch bessere Einstiegskurse ?
Ende des Jahres 2012 sehe die Aktie über 130 Dollar.
Meine persönliche Meinung.
Oberkassler
It is always interesting to see what happens when momentum stocks slow down. While market leaders such as Apple (AAPL) and Baidu (BIDU) have risen on strong fundamentals, these companies are also momentum names.
Baidu rallied hard after over the last several months. While China's leading search engine company fell from around $160 a share late last year, to $100 a share several months ago, shares rebounded nicely over the last several months after the company's surprisingly strong recent earnings report.
(www.thestreet.com)
Baidu shares rallied from around $110 a share in mid-July, to over $130 a share in mid-August, and the stock had significantly outperformed the S&P 500, and its tracking exchange traded fund, SPY (SPY), over the last several months.
This is why I find the significant recent sell-off in Baidu's shares since mid-August on the news that the company may lose market share to new competitor, Qihoo(QIHU), so interesting.
I recently wrote that I thought Baidu was a broken growth story, and the company's two biggest problems have been stagnating market share growth in search and mobile, and an inability to monetize the company's existing market share in these fast growing markets.
Baidu's market share nearly doubled in the Chinese search engine market from 2004 to 2009. With Google increasingly having trouble with the Chinese government and the Chinese online advertising space growing at 20% a year, Baidu significantly expanded its search engine in this fast growing market at the right time.
Still, with Baidu market share in the Chinese search engine market at over 80%, and China slowing, increasing concerns over the company's decelerating growth rate caused the stock to sell-off hard.
Qihoo 360 technology was a company competing primarily in the mobile space against companies such as Ten Cent (0700-07.HK) over the last several years, and the company recently launched its popular web browser on August 16th. While conflicting reports exist, the consensus is that Qihoo likely has taken around 10-15% of the search engine market in China.
Still, Baidu's problem has been the company's inability to better monetize its existing market share in search, and management's struggles to increase and monetize the company's market share in the mobile space. Baidu has had over 75% of the Chinese search engine market the last several years, and the stock has gone nowhere.
This is why I think the recent sell-off over fears of possible market share loss is a buying opportunity.
Baidu's stock finally began to rebound after the company's critical recent earnings report. While the company's second fiscal quarter report did not show any market share gains in search or mobile, the company significantly increased its per ad fees this past quarter. Baidu's growth rate accelerated significantly this past quarter because of new and more targeted advertising revenue, and the company also further increased its existing advertising fees by focusing on smaller businesses and offering new forms of advertising methods, such as banner ads.
Baidu has been very successful at growing market share in the search space over the last decade, but the company's market share gains in search and mobile have been very minimal over the last several years. The critical challenge for the company now was monetizing its existing market share. Baidu showed it was better able to monetize its search and advertising revenue last quarter, and the company's growth rate accelerated to over 50% from first to second quarter.
To conclude, while Baidu was partially helped by an increase in advertising spending after the Chinese New Year, the company is showing strong ability to further monetize its existing market share, and Baidu's partnership with Apple could be significant with the new iPhone 5 launch if the company is better able to monetize the mobile advertising market. Baidu trades at nearly 18x average estimates of next years likely earnings, but the company is growing at over 40% a year. If the company's growth rate continues to accelerate the stock would likely trade at a growth multiple of 25-28x average estimates of next year likely earnings of $6.31 a share. That would make Baidu a $160-180 dollar stock.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
http://seekingalpha.com/article/840851-why-baidu-should-be-b…
Ich denke eine gute Analyse von Baidu und ich sehe persönlich die Baidu Aktien wieder Richtung Norden gehen.
Frage wie sich der Gesamtmarkt kurzfristig entwicklen wird im September, noch bessere Einstiegskurse ?
Ende des Jahres 2012 sehe die Aktie über 130 Dollar.
Meine persönliche Meinung.
Oberkassler
Antwort auf Beitrag Nr.: 43.558.835 von Oberkassel am 01.09.12 07:52:33@ Ecki, Oberkassel
ich denke zwei Dinge müssen passieren, damit wir am JE wieder über
130 US-$ stehen:
1. Baidu muß jetzt liefern, die Zahlen für das 3. Quartal müssen
also mindesten inline liegen, besser ca. 5 - 10 % über Konsens.
2. Man wird jetzt verstärkt den Blick auf Qihoo haben und schauen, wie
denn dort die Zahlen für das 3. Quartal ausfallen, und vor allen
Dingen liegt der Focus auf der Entwicklung der Marktanteile
Gruß
Karlll
ich denke zwei Dinge müssen passieren, damit wir am JE wieder über
130 US-$ stehen:
1. Baidu muß jetzt liefern, die Zahlen für das 3. Quartal müssen
also mindesten inline liegen, besser ca. 5 - 10 % über Konsens.
2. Man wird jetzt verstärkt den Blick auf Qihoo haben und schauen, wie
denn dort die Zahlen für das 3. Quartal ausfallen, und vor allen
Dingen liegt der Focus auf der Entwicklung der Marktanteile
Gruß
Karlll
Guten Morgen Karlll,
mit deinen Aussagen stimme absolut zu.
Der Euro am Sonntag beurteilt Baidu so:
Das Kurs-Gewinn-Verhältnis von Baidu ist angemessen an der eigenen Historie
moderat. Charttechnisch pendelte die Aktie zuletzt in einem breiten Kanal seitwärts. Die Unterstützungszone zwischen 80-85€ sollte den Kurs absichern.
Kurs 89,64€ Ziel: 100€ persönliche Einschätzung Ende 2012: 125-130€
KGV12 23,7, KGV13 17,6 KBV 9,3 und KCV 19,5
Quelle Euro am Sonntag Ausgabe: 35/12
Beste Grüsse
Oberkassler
mit deinen Aussagen stimme absolut zu.
Der Euro am Sonntag beurteilt Baidu so:
Das Kurs-Gewinn-Verhältnis von Baidu ist angemessen an der eigenen Historie
moderat. Charttechnisch pendelte die Aktie zuletzt in einem breiten Kanal seitwärts. Die Unterstützungszone zwischen 80-85€ sollte den Kurs absichern.
Kurs 89,64€ Ziel: 100€ persönliche Einschätzung Ende 2012: 125-130€
KGV12 23,7, KGV13 17,6 KBV 9,3 und KCV 19,5
Quelle Euro am Sonntag Ausgabe: 35/12
Beste Grüsse
Oberkassler
!
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