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[Kristjan]

Baidu.com, Inc. (ADR) (BIDU): Baidu And Alibaba: The Chinese Dragons Counting On Mobile For Growth - Seeking Alpha
Baidu's Financials

Chinese search giant Baidu's (Nasdaq:BIDU) Q3 revenues grew an impressive 42% over the year to $1.45 billion, compared with market projections of $1.23 billion. Operating income for the quarter grew a modest 1% over the year to $545.5 million as Baidu continued to invest in mobile related development costs. EPS of $1.41 was short of the market's projections of $1.42 for the quarter.

During the quarter, selling, general and administrative expenses grew 115.4% to $226.2 million due to increased spend on mobile products. Research and development expenses grew 77.5% to $178.2 million. Its investments in mobile sales efforts helped attract more mobile revenues as the install rate for its core search app reported growth of 50% sequentially.

For the current quarter, Baidu expects revenues of RMB 9.22 billion-9.48 billion (~$1.51-$1.55 billion). The Street was looking for revenues of $1.46 billion for the quarter.

 

[Kristjan]

At present, Baidu reaches more than 90% of netizens in China and responds to 5 billion search requests every day. Baidu Union is viewed by consumers 6 billion times on a daily basis. At the mobile terminal, Baidu conducts multi-line layout through products like the mobile phone map and input method. Especially after completing the acquisition of 91 Wireless, Baidu will form three distributive mobile internet accesses - mobile search + map LBS + App, which means that Baidu will realize complete coverage from the PC terminal to the handheld wireless communication terminal. It means that Baidu has become a very important platform for brand building in the digital age.

 

[Kristjan]

Today 0,72%

Baidu Inc (ADR) (NASDAQ:BIDU) shares gained 0.72% to $168.26. Baidu's Robin Li is Now the Richest Man in China. Robin Li, the man who beat Google (GOOG) in China, is now the country’s richest person, according to the Bloomberg Billionaires Index. Li’s net worth has increased $4.8 billion this year to over $12.2 billion, putting Li ahead of the former No. 1, Dalian Wanda Group chairman Wang Jianlin. Just two weeks ago, Li claimed the No. 2 spot. The leaders of other Chinese Internet companies such as Alibaba’s Jack Ma and Tencent Pony Ma need to be concerned about Li’s rise. His wealth is tied to Baidu’s stock price, and he has rocketed up the billionaires list because investors are increasingly confident that BIDU has the right formula for the new era of Chinese e-commerce.