Baidu, Inc. (BIDU), incorporated on January 18, 2000, is a Chinese web services company headquartered at the Baidu Campus in Beijing's Haidian District. Baidu offers many services, including a Chinese search engine for websites, audio files and images. Baidu offers 57 search and community services including Baidu Baike(an online, collaboratively built encyclopedia) and a searchable, keyword-based discussion forum. Baidu was established in 2000 by Robin Li and Eric Xu. Both of the co-founders are Chinese nationals who studied and worked overseas before returning to China. In March 2015, Baidu ranked 4th overall in the Alexa Internet rankings. During Q4 of 2010, it is estimated that there were 4.02 billion search queries in China of which Baidu had a market share of 56.6%. China's Internet-search revenue share in second quarter 2011 by Baidu is 76%. In December 2007, Baidu became the first Chinese company to be included in the NASDAQ-100 index. As of 2006, Baidu provided an index of over 740 million web pages, 80 million images, and 10 million multimedia files. Baidu offers multimedia content including MP3 music, and movies, and is the first in China to offer Wireless Application Protocol (WAP) and personal digital assistant (PDA)-based mobile search. Baidu Baike is similar to Wikipedia as an online encyclopedia; however, unlike Wikipedia, only registered users can edit the articles due to Chinese laws. While access to Wikipedia has been intermittently blocked or certain articles filtered in China since June 2004, there is some controversy about the degree to which Baidu cooperates with Chinese government censorship. The company also hosts a music service, called Baidu Music, that has more than 150 million monthly active users. On December 4, 2015, Baidu announced plans to merge with Taihe Entertainment Group to help the service compete with Apple Inc.'s Apple Music, which Apple plans to make available in China. Baidu stated in a press release. "As the intellectual property regime continues to improve in China and users are increasingly willing to pay for online content, prospects for the Chinese digital music industry look increasingly bright. The fusion of Baidu Music and Taihe will release tremendous energy from both sides and will power the music business through its next stages of development."
This company has grown big in China for one reason: Google isn't there. As log as that status remains, wise to bet on Baidu.
BEIJING (Reuters) - China's Internet regulator said on Monday it will send a team to investigate Baidu Inc over the death of a university student who used the Chinese search engine to look for treatment for his cancer. Wei Zexi, 21, died last month of a rare form of cancer. He had look online via Baidu for the best place for treatment, finding a department under the Second Hospital of Beijing Armed Police Corps which offered an experimental form of treatment that ultimately failed, according to state media. Before dying, Wei accused Baidu online of promoting false medical information, as well as the hospital for misleading advertising in claiming a high success rate for the treatment, state radio said.
Pretty sad...but that happens a LOT all over the world. People preying on patients who have a fatal diagnosis.
Almost sounds like an episode of some cop drama type show. Hopefully if it's true, Baidu gets some extreme justice thrown their way.
While most moved on light volume last wk, $BIDU had volume and looks ready for $191 and possibly $200 again.
BIDU was a great call, but it can always surprise you and stay focused on? Join us get real-time chart notes. There is a bigger bearish RT
Held 62% where buyers more likely to show up but AH was another story n 154 projected target now is possible
Internet firm Baidu probed on illegal betting weblinks China’s biggest search engine firm, Baidu Inc, is to be investigated by the country’s Internet regulator, after media outlets in China reported that illegal gambling websites had been able to advertise via Baidu’s search engine; with some Baidu employees allegedly profiting from it. Some of the illegal gambling websites were reported to have featured the names of legitimate land-based Macau casinos and brands, such as “Macau Grand Lisboa”, “Venetian Macao” and “Galaxy”, and the bogusly-named links appeared as commercial messages at the top of Baidu search pages, reported Beijing-based Chinese-language media outlet, Beijing News. The newspaper said its findings were the result of a two-month investigation it had conducted. In a statement posted on its official website on Monday, the country’s Internet regulator, the Cyberspace Administration of China, said that it had asked its Beijing branch to investigate the matter and would announce the findings “in due course”. More: http://www.ggrasia.com/internet-firm-baidu-probed-on-weblinks-for-illegal-betting/
Weakness remains in the game but bears need to prove their case so far they were in a full control but some buyers are detected.
An absolute massive wedge building here... Long Consolidation after the 2013-2015 runup. https://www.tradingview.com/x/8M3Iv5ms/
Let me embed that image for you! (here is how to do it: http://stockaholics.net/threads/how-to-post-a-dynamic-updating-stock-chart.128/ )
