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Baidu Q2 Profit Rises 87pct

     
1:23 pm on Jul 24, 2008 (gmt 0)

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Baidu Q2 Profit [bloomberg.com]Rises 87pct
Baidu.com Inc., China's most-used Internet search engine, posted an 87 percent jump in second- quarter profit, beating analysts' estimates and sending the shares up 13 percent.

Net income increased to 265 million yuan ($38.8 million), or 7.62 yuan per share, from 142 million yuan, or 4.09 yuan, a year earlier, the Beijing-based company said today in a statement. Sales doubled to 802.6 million yuan. The company also forecast sales that may beat analysts' estimates.

Chief Executive Officer Robin Li added to Baidu's lead over Google Inc. in China by introducing services such as online games from Shanda Interactive Entertainment Ltd. and anti-virus software from Kingsoft Corp. Baidu has almost two-thirds of the search market in China, the world's biggest Web market.

1:50 pm on July 24, 2008 (gmt 0)

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In these times, a course in business Chinese may be your best investment ever.
1:54 pm on July 24, 2008 (gmt 0)

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Maybe Baidu = Yahoo and the Chinese will go through that phase before embracing Google?
2:57 pm on July 24, 2008 (gmt 0)

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Why would they embrace Google when they like Baidu and it maintains mass appeal for their target audience? The Chinese tend to like Chinese products - particularly if they appeal to their domestic market and do things in the way that their consumers want. Right now, Google doesn't quite do that in the Chinese market and is continuing to lose market share.

Similar to e-bay which is being dumped all over by their Chinese competitors in China with market share down to just over 7% in that market (from 16% previously). Look at the competitor auction sites and you would hate their flashing banners, pop-ups etc - but they provide what the local market wants.

Different strokes etc. etc. :)

For SEM in China - Baidu rules right now and is on a roll!

Of course, things may change - but it will be Google that will have to adapt to the Chinese market - not vice-versa.

3:22 pm on July 24, 2008 (gmt 0)

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Baidu is the home team and google is playing an away game.
3:55 pm on July 24, 2008 (gmt 0)

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Regardless of whether they can compete in China is not going to affect their success globally. Unless someone thinks Baidu is going to be the search engine of choice for the rest of the world...

I don't see Baidu branching out past their borders to knock Google off the top spot.

Any percentage Google has in China is just frosting on the cake. The cake being the rest of the world... ;-)

5:52 pm on July 24, 2008 (gmt 0)

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I don't see Baidu branching out past their borders to knock Google off the top spot.

I've seen it. Heard of Baidu Japan [webmasterworld.com]? ;)

7:14 pm on July 24, 2008 (gmt 0)

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The cake being the rest of the world...

Should be "the rest of the Western world, I think..".

There are several major countries that are not dominated by Google in Asia and Eastern Europe (for example). Not to say that they are not an important player in those markets - they are just not yet the dominant player there for SEM purposes by a long stretch.

8:52 pm on July 24, 2008 (gmt 0)

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Perhaps G might be interested in B?
3:20 am on July 25, 2008 (gmt 0)

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if you connect Baidu's fast growth with the news that China has leaded the world in the number of Internet users, you will not be shocked at all. It's just a "small case".
6:31 pm on July 25, 2008 (gmt 0)

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Doesn't G already own a stake in B anyways? ;)

That's business for you.

4:27 am on July 28, 2008 (gmt 0)

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We don't like use it!

Because it isn't fair competition.I don't consider it isn't a SE.

1:59 pm on July 28, 2008 (gmt 0)

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You don't consider Baidu a search engine? It may have other functions and services offered, but it certainly does have an SE.
11:08 am on Aug 8, 2008 (gmt 0)

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Google is a web page or a Search Engine First?
 

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