Baidu has seen its profits slump amid increasing competition and government regulation.
The new coronavirus outbreak is pressuring share prices for China’s biggest tech companies including Alibaba, JD, Baidu, and Ctrip.
Chinese P2P platform for tour guide services Nilai.com announced the completion of a 15 million yuan ($2.3 million USD) pre-A round of funding on Tuesday. The funding was led by Beijing Fuyuan and will be used to improve the app and enhance the marketing outreach to attract more local guides in overseas countries. Nilai.com, whose Chinese name translates […]
China has kicked off 2016 with a serious milestone – more than half their 1.37 billion population is now connected to the internet, according to a report released by state-backed China Internet Network Information Center (CNNIC). As of January first 2016, 688 million Chinese people had access to the internet, accounting for 50.3% of the […]
German chauffeur service Blacklane will be integrated with Chinese travel site Qunar in mid January, allowing travellers to access the service in Mandarin. The partnership comes as Baidu makes a large strategic investment in US car-hailing giant Uber, as well as an investment in local Chinese car service YongChe this August. Despite their close proximity in the market, […]
China’s top three internet companies are competing by proxy through their stakes in the domestic car services market following Baidu’s undisclosed investment in Uber earlier this week. Internet giants Alibaba and Tencent are already backing taxi-apps Kuaidi Dache and Didi Dache respectively. Users of Chinese taxi-apps are expected to number 45 million by 2015, and local […]
Travel search and service provider Qunar just filed with the SEC, planning to raise $125 million in an IPO on the NYSE under the ticker QUNR. Incorporated in 2005, the company received $306 million in investment in June 2011 from Baidu who now owns 61% of Qunar. As of June 2013, the company has 1699 employees. […]
Baidu invested in and became the largest investor of DigiOne, a mobile Internet service which distributes cellphones to nearly 70,000 cellphone stores (report in Chinse). DigiOne have secured Series A financing from Shenzhen Capital Group and ZSVC in 2011. Founded in 2006, DigiOne distributes small amounts of cellphones to small- and medium-sized stores directly, lowering the retailing price of smartphones at […]
The old story: Big Chinese Internet companies would, rather than buy or invest in startups, hire a bunch of engineers to build products on their own or do pixel-to-pixel knockoffs. Big names like Tencent are notorious for killing startups by doing so, with better products or the ability of converting existing users. Recognized reasons include […]
At its annual show for technology and innovation today, Baidu announced ‘Light App’ strategy. According to Baidu’s introduction, you don’t need to download a Light App but can use it directly after it shows up as a search result — sounds just like WebApp. So app developers have to convert their native apps into a WebApp […]