BNET Industries

Market Cap:$11.1B
Last Fiscal Year Sales:$239.1M
- Public
Dow Jones Description
Many people have asked about the meaning of our name. "Baidu" was inspired by a poem written more than 800 years ago during the Song Dynasty. The poem compares the search for a retreating beauty amid chaotic glamour with the search for one's dream while confronted by life's many obstacles. " hundreds and thousands of times, for her I searched in chaos, suddenly, I turned by chance, to where the lights were waning, and there she stood." Baidu, whose literal meaning is hundreds of times, represents persistent search for the ideal. Baidu chose a poetic Chinese name because it wants the world to remember its heritage. As a native speaker of the Chinese language and a talented engineer, Baidu focuses on what it knows best - Chinese language search. Applying avant-garde technology to the world's most ancient and complex language is as challenging as it is exciting. At least people here at Baidu think so. As having diligently disclosed in the Prospectus of our recent Initial Public Offering, we believe there are at least 38 ways of saying "I" in Chinese. It is important that we master all the ways of addressing oneself in Chinese because our users depend on us to address every one of their daily queries. And trust us, pin pointing queries in the Chinese language is an art rather than a science. Our mission is to provide the best way for people to find information. To do this we listen carefully to our users' needs and wants. ...
Chairman & CEO
Robin LiNumber of Employees 6,252
Peer Companies
NAICS Code All Other Professional, Scientific, and Technical Services: 541990
Recent Events
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BRIEF-RESEARCH ALERT-Goldman removes Baidu from conviction buy list, ups target price
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This Just In: Upgrades and Downgrades
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Baidu, Inc.Q3 Earnings Call Transcript
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Baidu's Challenge: Expand Beyond Its Success in China
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Qtrax Announces Partnership With Baidu
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Picks of the Week: Visa, Apollo Group, Baidu, Verizon
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China's search mkt grows 38 pct in Q3-research firm
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Why China Won't Love the iPhone
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Baidu.com BIDU Has a Hiccup, Shares Plunge
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Baidu.com "outperform," target price raised
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Bernstein Ups Baidu BIDU Price Target to $460, Reiterates Outperform
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Baidu, China Unicom Join Hands on Wireless Search
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Week in Review: October 26-October 30, 2009
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Baidu.com downgraded to "hold"
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Deutsche Bank Downgrades Baidu BIDU to Hold; Current Price Factors In Near-Term Catalysts
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Baidu BIDU Rising as Citi, CLSA Analysts Lift Target to $480
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Baidu Launches Wireless Search Service in Beta in Japan
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Goldman Sachs Moves Baidu.com BIDU Price Target to 'Street High' $455
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Baidu unfazed by Google's inroads
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Pali Warns That Music Search Crackdown in China Could Weigh on Baidu BIDU
News & Analysis
Filter by
baidu.com inc. - All News and Analysis
Early Results From Google's China Music Service
Some early, although not completely indicative results from Google’s recent introduction of a music search engine in China. The WSJ reports that so far the service—which is a partnership between Top100.cn and Google (NSDQ: GOOG)—has attracted five advertisers who have committed about $370,000 in advertising spending. Doesn’t sound like...
WTO 'could challenge internet censorship'
INTERNET censorship is open to challenge at the World Trade Organization WTO as it can restrict trade in online services, a forthcoming study says. A censorship case at the WTO could raise sovereignty issues, given the clear right of member states to restrict trade on moral grounds - for example,...
Music download service Qtrax allies with Baidu
US music download service Qtrax is set to boost its user figures by teaming up with Chinese search giant Baidu. The agreement will allow Chinese music-related searches to be directed to Qtrax’s free and legal download site. Qtrax allows users to download songs to their PCs for free and...
Baidu Partners With Qtrax For Ad-Supported Music Downloads
Baidu (NSDQ: BIDU)—which has come under fire for linking to illegal music downloads—is partnering with ad-supported music download service Qtrax to change that. The Chinese search engine says it will direct music-related search queries from its entertainment portal and music sites to Qtrax, when Qtrax has a track in...
Profit-taking Hits S&P 500, Nasdaq; Dow Edges Higher
By Ellis Mnyandu NEW YORK (Reuters) - The S&P 500 and the Nasdaq fell on Tuesday as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading on a measure of consumer confidence sparked caution about the recovery of spending. Technology and consumer discretionary shares fared worse...
New technology hurts Baidu outlook
SAN FRANCISCO, Oct 26 – China's leading Internet search company Baidu warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging nearly 13 percent. Baidu, named after a line in a classical Chinese poem, forecast sales far below Wall Street's estimates...
Baidu Posts Increases In Net Income, Sales; But Outlook Misses
Baidu (NSDQ: BIDU) once again posted big increases in profit and revenue, but the Chinese search giant also said it expected its sales during the fourth quarter to be below analyst forecasts as it completes its switches to a new ad system. Revenue increased 39 percent during the quarter,...
Baidu Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question will come from the line of James Mitchell with Goldman Sachs. James Mitchell - Goldman Sachs Could you discuss why you decided to accelerate the full conversion from Baidu classic to Baidu professional to complete it during the fourth quarter rather...
China Unicom puts Baidu on all 3G phones
Chinese search leader Baidu has signed a deal with Chinese mobile operator China Unicom to have its search engine pre-installed on all Unicom's 3G handsets. The deal will extend to Baidu's image search and MP3 search offerings. The move is an attempt to consolidate Baidu's leading position in China, at...
China Unicom puts Baidu on all 3G phones
Chinese search leader Baidu has signed a deal with Chinese mobile operator China Unicom to have its search engine pre-installed on all Unicom's 3G handsets. The deal will extend to Baidu's image search and MP3 search offerings. The move is an attempt to consolidate Baidu's leading position in China,...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David Hongbo Zhu | Coo |
| Jennifer Li | Chief Financial Officer |
| Peng Ye | Chief Operating Officer |
| Shawn Wang | CFO |
| Yinan Li | Chief Technology Officer |
| Dong Liang | Vice President, Marketing |
| Hailong Xiang | Vice President of Sales |
| Haoyu Shen | Vice President of Business Operations |
| Jun Yu | Vice President of Products |
| Shen Haoyu | Vice President, Business Operations |
| Robin Yanhong | Co-Founder |
| Liang Dong |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robin Li | Chairman & CEO |
| William Decker | Chairman of the Audit Committee |
| Asad Jamal | Board of Directors |
| Gregory B. Penner | Board of Directors |
| James Ding | Board Member |
| Jixun Foo | Board of Directors |
| Nobuyuki Idei | Board of Directors |
| Scott Walchek | Board of Directors |
Robin Li has served as our chairman of the board since our inception in January 2000 and as our chief executive officer since January 2004. Prior to founding Baidu, Robin Li had accumulated extensive knowledge and practical application experience in search engine technology. Mr Li worked as a staff engineer for Infoseek, a pioneer in the Internet search engine industry, from July 1997 to December 1999 and he was a senior consultant for IDD Information Services from May 1994 to June 1997.
| Organization | Position | Status |
|---|---|---|
| Madison West, Class of '54 | Chief Executive Officer, Chairman | Current |
| Chinalyst | Chief Executive Officer, Chairman | Current |
| Baidu.com, Inc. | Chairman & CEO | Current |
| Gsi Group Holdings Limited | Chief Executive Officer, Chairman | Current |
| Pacific Epoch | Chief Executive Officer, Chairman | Current |
| Baidu.com, Inc. | Founder | Former |
| Infoseek Corporation | Staff Engineer | Former |
| Peking University | Bachelor of Science Degree In Information Management | Former |
| Gsi Group Holdings Limited | Board of Directors | Former |
| Baidu.com, Inc. | Board of Directors | Former |
| State University of New York at Buffalo | Master of Science Degree In Computer Science | Former |
| The State University of New York | Master of Science Degree in Computer Science | Former |
| Peking University | Bachelor of Science Degree In Information Management | Former |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Coo | Current |
| Organization | Position | Status |
|---|---|---|
| Madison West, Class of '54 | Chief Financial Officer | Current |
| Chinalyst | Chief Financial Officer | Current |
| Baidu.com, Inc. | Chief Financial Officer | Current |
| Gsi Group Holdings Limited | Chief Financial Officer | Current |
| University of British Columbia | Master of Business Administration | Former |
| Tsinghua University | Bachelor of Arts | Former |
| Organization | Position | Status |
|---|---|---|
| Madison West, Class of '54 | Chief Operating Officer | Current |
| Gsi Group Holdings Limited | Chief Operating Officer | Current |
| Baidu.com, Inc. | Chief Operating Officer | Current |
| Chinalyst | Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Madison West, Class of '54 | Chief Financial Officer | Current |
| Baidu.com, Inc. | CFO | Current |
| PricewaterhouseCoopers | Partner | Former |
| China Synthetic Rubber Corporation | Advisor | Former |
| West Virginia University | Master of Arts Degree In Higher Education Administration | Former |
| American University | Master of Science Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Chinalyst | Chief Technology Officer | Current |
| Gsi Group Holdings Limited | Chief Technology Officer | Current |
| Baidu.com, Inc. | Chief Technology Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Vice President, Marketing | Current |
| Pacific Epoch | Current | |
| Peking University | Board of Directors | Current |
| PepsiCo, Inc. | Former |
Mr. Hailong Xiang joined the Baidu Shanghai team in February 2005, working successively as the General Manger of Baidu's Shanghai Branch, and the General Manager of Baidu’s Beijing Branch. Since joining Baidu, Mr. Xiang has been instrumental in the development of direct sales efforts in both Shanghai and Beijing. From 2001 to 2005, Mr. Xiang was the General Manager of Shanghai Qilang, an internet services firm specializing in the sale of web development, online CRM software, and online advertising services. Mr. Xiang graduated from East China Normal University in 2000 with a degree in Computer Science.
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Vice President of Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Gsi Group Holdings Limited | Vice President of Business Operations | Current |
| Chinalyst | Vice President of Business Operations | Current |
| Baidu.com, Inc. | Vice President of Business Operations | Current |
| Madison West, Class of '54 | Vice President of Business Operations | Current |
| McKinsey & Company, Inc. | Former |
Jun Yu joined the Baidu team in May 2001, working successively as the Product Marketing Manager, Senior Manager and Director, Chief Product Architect, Chairman of the Baidu Product Committee, and Vice President of Products. In his current role, Mr. Yu designs and promotes the many Baidu products that are specially tailored to meet user needs. Mr. Yu was one of the first search engine application researchers and promoters in China , starting a personal website titled "Search Research Institute." He has been studying search engines since the beginning of 2000. Mr. Yu graduated from Tongji University in 1997 with a degree in Chemistry.
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Vice President of Products | Current |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Vice President, Business Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Co-Founder | Current |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Chinalyst | Chairman of The Audit Committee | Current |
| Pacific Epoch | Chairman of the Audit Committee | Current |
| Baidu.com, Inc. | Chairman of the Audit Committee | Current |
| Madison West, Class of '54 | Chairman of the Audit Committee | Current |
| PricewaterhouseCoopers | retired partner | Former |
| Fairleigh Dickinson University | Bachelor of Science Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Draper Fisher Jurvetson | chairman | Current |
| IntraPace, Inc. | Director | Current |
| IXI Mobile, Inc. | Director | Current |
| Visto Corporation | Director | Current |
| Baidu.com, Inc. | Board of Directors | Current |
| Draper Fisher Jurvetson | managing director | Former |
| The London School of Economics | B.Sc. (Honors) | Former |
| Organization | Position | Status |
|---|---|---|
| Global Hyatt Corporation | Board of Directors | Current |
| Charter Fund, Inc | Board of Directors | Current |
| Wal-Mart Stores, Inc. | Board of Directors | Current |
| Baidu.com, Inc. | Board of Directors | Current |
| The Seiyu, Ltd. | Director | Current |
| Wal-Mart Stores, Inc. | Senior Vice President & Chief Financial Officer, Japan | Former |
| Peninsula Capital Partners | General Partner | Former |
| Goldman, Sachs & Co. | Financial Analyst | Former |
| Stanford Graduate School of Business | MBA | Former |
| Georgetown University | Bachelor S Degree In International Economics from the School of | Former |
| Organization | Position | Status |
|---|---|---|
| Gsr Ventures | Managing Director | Current |
| Company Alliances Ltd. | Founder | Current |
| Gsr Ventures | General Partner | Current |
| Madison West, Class of '54 | Director | Current |
| Baidu.com, Inc. | Board Member | Current |
| Pacific Epoch | Director | Current |
| Chinalyst | Director | Current |
| AsiaInfo Holdings, Inc. | Chief Executive Officer | Former |
| AsiaInfo Holdings, Inc. | President | Former |
| AsiaInfo Holdings, Inc. | Chief Technology Officer | Former |
| AsiaInfo Holdings, Inc. | Senior Vice President | Former |
| University of California, Los Angeles | M.S. In Information Science | Former |
| Peking University | B.S. In Chemistry | Former |
| The Executive Program | Former |
| Organization | Position | Status |
|---|---|---|
| Baidu.com, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Quantum Leaps, LLC | CEO | Current |
| Quantum Leaps, LLC | Founder | Current |
| Chinalyst | Director | Current |
| Madison West, Class of '54 | Director | Current |
| Constellation Ventures | Board of Directors | Current |
| Baidu.com, Inc. | Board of Directors | Current |
| Electrolux Corporation | Board of Directors | Former |
| Waseda University | Bachelor of Science Degree In Economics & Politics | Former |
Scott Walchek currently is a Partner at Integrity Partners, Chairman of Global Debt Exchange, and serves on the boards of directors of Palm Beach Capital Management (where he is a founding partner) and Ionic Fusion, Inc., a developer of nanotechnology for surface engineering, He is president of two media companies involved in film and music production and serves as a director for several not-for-profit community and charitable organizations. Scott also is a Venture Partner with the Silicon Valley office of ePlanet Ventures. Prior to starting Global Debt Network, Scott was founder and CEO of C2B Technologies, an e-commerce infrastructure company acquired by Inktomi Corp. in 1998. Prior to his success at C2B, Scott was on the founding team at Macromedia, where he headed up its product marketing and business development efforts. In 1993, he became CEO of Sanctuary Woods a publicly traded developer and publisher of interactive content. He is a graduate of the University of California at San Diego.
| Organization | Position | Status |
|---|---|---|
| Global Debt Network, Inc. | Founder & Chairman | Current |
| Integrity Partners LLC | Partner | Current |
| Ionic Fusion Corporation | Board of Directors | Current |
| Baidu.com, Inc. | Board of Directors | Current |
| University of California, San Diego | Former |
Executive News
-
Baidu: Low Risk Options Play
-
The Untold Story of the Baidu IPO
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Baidu Touts Benefits of Ad Program
| Volume | 1,113,875 |
| Shares Outstanding | 26.0M |
| Market Cap | 11.1B |
| Year High | 442.86 |
| Year Low | 100.50 |
| Earnings Per Share | 5.66 |
| P/E Ratio | 75.5459 |
| Dividend | 0.00 |
| Yield | 0.00 |
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