Baidu to Establish New Independent Company to Provide Online Video
New company to aggregate premium content through advertising supported model
The new company will work closely with content providers to provide
copyrighted premium video content including movies, TV series, sporting events,
animation and other varied content to Internet users through an advertising
supported model. Mr.
Prior to serving as president and chief operating officer of China
Mobile's 12580 business, Mr.
Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs, each of which represents one Class A ordinary share, are currently trading on the NASDAQ Global Select Market under the symbol "BIDU."
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and similar
statements. Statements that are not historical facts, including statements
about Baidu's beliefs and expectations, are forward-looking statements. Among
other things, quotations from management in this announcement contain forward-
looking statements. Forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially from those
contained in any forward- looking statements. A number of factors could cause
actual results to differ materially from those contained in any forward-
looking statement, including but not limited to the following: our growth
strategies; our future business development, including development of new
products and services; our ability to attract and retain users and customers;
competition in the Chinese and Japanese language Internet search markets;
competition for online marketing customers; changes in our revenues and
certain cost or expense items as a percentage of our revenues; the outcome of
ongoing, or any future, litigation or arbitration, including those relating to
intellectual property rights; the expected growth of the Chinese language
Internet search market and the number of Internet and broadband users in
For investor inquiries please contact: In China: Mr. Victor Tseng Baidu, Inc. Tel: +86-10-5992-7244 Email: firstname.lastname@example.org Ms. Cynthia He Brunswick Group LLC Tel: +86-10-6566-9504 Email: email@example.com In the U.S.: Ms. Kate Tellier Brunswick Group LLC Tel: +1-212-333-3810 Email: firstname.lastname@example.org
SOURCE Baidu, Inc.
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