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Technology Stocks : Baidu (BIDU)

BIDU 124.40

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3:59 PM EST

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To: manalagi who wrote (1381)	7/8/2010 7:15:52 PM
From: manalagi	Read Replies (1) of 2098

Is Baidu going to be Chinese Amazon? The B2C joint venture established by Chinese search engine company Baidu.com (BIDU) and Japanese e-commerce operator Rakuten (RKUNF.PK) is scheduled to commence in-house tests and come into official operation in third quarter this year. The online mall will provide customers with high-quality merchandises produced by well-known Chinese and foreign brands as well as small- and medium-sized enterprises. Baidu and Rakuten disclosed that they will invest $50 million in the JV, with Rakuten and Baidu taking up 51 percent and 49 percent stake, respectively. _______________________________________________________________ Expected next earnings release: Announcement date: 7/22/2010 - After Market Earnings Quarter: Q2 Announcement Status: Unconfirmed

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