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Tag - Baidu
Tech and major US companies will meet with their Chinese counterparts as part of a delegation joining Chinese President Xi Jinping as part of his first US visit, at a conference in Seattle. Among those who will meet with the Chinese leader are Apple CEO Tim Cook, Amazon's Jeff Bezos, Microsoft CEO Satya Nadella, Disney chief (and Apple board member) Bob Iger, and Bershire Hathaway founder Warren Buffett. Chinese executives from many of China's largest tech firms, such as Alibab, Baidu, and Tencent, will also be present at the meeting.
Here, Nokia's mapping service, is going to provide content for the Android and iOS Baidu Maps app, as well as desktop maps. The agreement will allow Baidu to offer its Chinese travelers access to maps for areas outside of China for the first time, with Taiwan set to be the first country covered and others set to follow. The terms of the agreement were not disclosed.
District Judge Jesse Furman of the US District Court for the Southern District of New York has ruled in Chinese search engine giant Baidu's favor, shutting down an Internet censorship lawsuit. Furman called the blocking of pro-democracy websites "editorial control" by Baidu, and noted that nothing was preventing US users from using different search engines, such as Google or Bing.
Apple has placed just 79th on a new Forbes list of the world's 100 most innovative companies. Entries are actually ranked on an "innovation premium," which reflects how much investors have increased the share price of a company over the value of its existing business, on the assumption that the firm has profitable new products, services, and markets in development. Corporations can also only make the list if they have a $10 billion market cap, a 2.5 percent research and development budget, and at least seven years of public data.
Baidu is looking at possibly creating its own version of Google Glass. Following an April Fools' Day joke that apparently showed the company producing a head-mounted display with a number of similar features to Google's product, the Chinese search company has confirmed it is working on its own smart glasses, but only as a small-scale internal test for feasibility.
Chinese Internet search giant Baidu announced last week that it had reached an agreement with Providence Equity Partners to purchase the equity firm's share of video streaming site iQiyi. The search company's announcement did not disclose the financial details of the deal. The acquisition of Providence's stake in iQiyi will give Baidu a substantial majority stake in the company.
Baidu, leader in the Chinese Internet search sector, reported profits for the second quarter that exceeded analysts' predictions, causing shares in the company to jump on the news. Baidu credited its ability to bring in new customers as the reason it outperformed expectations. As the Associated Press
Chinese web search company Baidu will share some of its advertising revenue with Apple as a part of the deal to be featured in iOS, according to Baidu VP Wang Jing. While Baidu will only be another option for iOS search in China -- Google will remain the default -- Baidu currently handles 80 percent of Chinese web searches, and Wang says that the company is willing to cope with expenses in order to get smartphone users, for instance by offering free services like music streaming.
Apple is indeed planning to add Baidu as a search option for Chinese iOS users, according to two Bloomberg sources. The people say that a deal could be announced as soon as next week, when Apple is also hosting WWDC 2012 in San Francisco. A keynote presentation is scheduled for June 11th.
A report from China’s Sina Tech has tipped that Apple will integrate Baidu as a search engine in iOS for the Chinese iPhone. Baidu is the leading search engine in China with a massive 83.6 percent share of the market. The pairing is seen as mutually beneficial with Baidu gaining exposure on the smartphone platform with the most active on China’s mobile web, while its inclusion will be an additional selling point for the iPhone in China.