Baidu.com, Inc. (NASDAQ:BIDU) CEO Robin Li speaks at 2011 Tsinghua Management
Global Forum on Oct. 25. He pointed out three trends in Internet: The first
trend is image-reading technology. The relevancy of text-based search results is
already very good, but the relevancy of image search results is still fairly
bad, often showing results that are different from what users are searching for.
Improvement in this area is a major developing trend in the search business. The
second trend is the middleman businesses. There are more and more vertical
websites linking traditional industries to the Internet. Examples include
vertical websites for the automobile, real estate, home decorations and travel
industries. Combining Internet technology with industry demand will be promising
in the future. The third trend is the growing popularity of applications
("apps"). In the past era of PC-based Internet, users were mainly viewing web
pages, which were static. In the future mobile Internet era, apps combining the
power of cell phone handsets and the cloud may be more powerful than web pages.
The development of apps and their integration with wireless Internet is a
significant trend, which will lead to a very different Internet in several
years. Below are other news stories on Baidu: JPMorgan maintain Overweight
rating on Baidu.com, Inc. (NASDAQ:BIDU), and maintains $197 price target.
Deutsche Bank maintains Buy rating and $190 price target on Baidu.com, Inc.
(NASDAQ:BIDU). Piper Jaffray maintains Overweight rating and $217 price target
on Baidu.com, Inc. (NASDAQ:BIDU). SINA Corporations (NASDAQ:SINA) expansion and
transformation is analyzed by well-known expert Bo Hong. Mr. Hong worried that
Sina may eventually outsmart itself in the process of developing Sina Weibo. By
emphasizing Weibos social networking aspect, Sina may risk slowly diluting and
collapsing the media nature of Weibo. Mr. Hong believes Sina Weibo should
position itself as a social media, not a social networking service. And Sina
Weibo should avoid involving in users private life and avoid becoming a social
communications tool because competitors are very strong in this aspect while
Sina has no experience and resources in it. Excessive publication of private
life will surely dilute Weibos core media value. Below are other news stories on
Sina: Deutsche Bank maintains Hold rating and $98 price target on SINA
Corporation (NASDAQ:SINA). Standard Chartered maintains In-Line rating and $91
price target on SINA Corporation (NASDAQ:SINA). E Commerce China Dangdang Inc
(NYSE:DANG) announces it will invest more than 100 million RMB into its 12th
anniversary on Nov. 9. Best-selling products on Dangdang.com will be discounted
heavily during this campaign. In response to Amazons (NASDAQ:AMZN) entering
publishing business, Dangdang is reportedly planning the launch of a digital
publishing platform that is similar to the Amazon model. Dangdang recently
released the 2.0 version of its application for cell phone handsets. The
brightest spot in this new version was a barcode scanner. It enables consumers
to compare a products online prices with its offline prices while shopping in
physical stores. Dangdang also told reporters that it is developing an
image-recognition system that will enable consumers to get Dangdangs price on a
product by taking a picture of the product in physical stores. Youku.com Inc
(NYSE:YOKU) obtains the right to host the exclusive official video website for
the Chinese version of the Steve Jobs biography authored by Walter Isaacson
(http://steve-jobs.youku.com). Youku believes its services have integrated with
Apple devices very well.
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