Monday, February 8, 2010

Floating ad space on Baidu Union websites

The new format allows Baidu Union members to place floating
window ads, allowing advertisers to control placement including
sidebars or click-to-open windows, left or right panes, and user
options to close the window.

Sunday, February 7, 2010

Beta 2.0 version of Pocket Baidu launched


The interface has been redesigned on the visual front. There is
a new bookmarks feature and multi-browsing support, with
upto 6 simultaneously open windows. Support for new versions
of some mobile phones from Samsung and Nokia added as well.

Friday, February 5, 2010

RBC reiterates "Market Outperform", raises price target to $554

Stephen Ju assumes the chance Google leaves China is 75%.
He believes the Chinese government has little reason to allow
uncensored search, and so Google will have to leave. Also
believes Taobao might launch a general search platform, which,
considering their ecommerce traffic, could mop up ad money.

Thursday, February 4, 2010

Postbar has 20 million users

by now. Daily page views of 250 million. Registered
users 18 million for iPostbar, the personal information center.
Regular postbar is more of an online forum. IPostbar will now
feature timely topics such as the movie Avatar and the Chinese
New Year CCTV Spring Festival Gala, as per postbar GM
Shu Xun.

Last month, Postbar had 12 million users, which means a
month-to-month growth of 8 million (6.7%).

Tuesday, February 2, 2010

Goldman Sachs reiterates buy

Raises price target from $500 to $550. Believes google.cn is 70%
likely to go. EPS estimate for 2010 is $10.59 and for 2011,
16.16. That is a 3% and 5% raise, respectively. Believes even if
Google stays, the Chinese government will act to limit its
potential market share gains. Says Google has already seen a 30%
drop in China revenue.

Monday, February 1, 2010

Credit Suisse raises from "Underperform" to "Neutral"

Wallace Cheung expects Google to keep its salesforce
and R&D in China. But he still thinks Google China would
lose about a third of its business to Baidu as an after-effect.
New price target of $400. Believes Baidu's current market
share drop, from the Phoenix Nest transition, will bottom
out at 47%.

International headquarters planned in Shenzhen

In booming Guangdong province (Canton, next to Hong Kong).
The company will provide details when the financial
arrangements are worked out with the city.