We are speculating that way back when everyone thought iphones were hitting the China market earlier this year, I believe. So it makes sense now that there is more buzz about Apple in China. We shall see!!
Sentiment: Strong Buy
Sword, wish I had the patience to trade the stock but I don't. Long term holder here and glad to hold through $180...$200 and beyond. :-) We've been saying $200 possible by year end and looks like we may just do it.
Got my answer from this article.
Is Qihoo Gaining Search Market Share, Or Not?
Third-party online traffic data trackers are showing conflicting numbers on search market shares.
According to iResearch, in September, Baidu‘s search volume market share was 79%, up from 78% in August. Qihoo 360 had 14% of the market.
But market share data published on November 17 by CNZZ showed Baidu’s market share fell to 62% and Qihoo gained from 20.8% in October to 22.6% in November.
So which data provider should be believe in?
Citi says iResearch is more reliable, because it samples a large number of websites. Here are analysts Muzhi Li, Ravi Sarathy and Gregory Zhao:
iResearch calculates PC Internet traffic by analyzing online activities of more than 400,000 users. The company covers more than 3,000 websites and 1,000 software, per iResearch.
CNZZ builds comprehensive coverage among small and medium websites in China, but lacks coverage of heavy traffic ones such as Sina, Sohu, 163com, and QQcom, according to our industry sources.
So if Qihoo is indeed gaining search market share, it is among the smaller websites.
In addition, Citi analysts seem to question CNZZ’s methodology overall:
Last but not least, according to CNZZ, China’s Internet browser market share is still led by Microsoft’s Internet Explorer’s 41% market share of unique visitors, followed by Qihoo 360 browser’s 26% and Chrome’s 8%. Yet, according to Qihoo’s 2Q13 earnings release, Qihoo’s browser was reported to have over 330m users as of June 2013, a penetration of 56% of China’s 591m Internet users (CNNIC, July 2013).
CNZZ’s numbers are widely quoted – this blog included – so readers beware.
This report shows different numbers from the reports that Qihoo claims having 22% of market share.
China's search engine market has grown 40.7 percent year-on-year to CNY 10.92 billion in Q3. The search ad revenues were also up 17.5 percent from the second quarter, Xinhua reports citing research by iResearch Consulting Group. Baidu led the market with a share of 81.4 percent, while Google accounted for 12.3 percent of the search market. Qihoo 360's search engine, launched last year, grew market share to 1.6 percent.
If this is showing revenue from search, then Qihoo's numbers must be way off.
Fred, what rumors on Qihu? Does anyone know when they announce their earnings? Curious to see how we do off of their report.
Saw a headline: Initial public offerings scheduled to debut next week
and Qunar was listed as one of them.
Qunar Cayman Islands Ltd. - Beijing, China, 11.1 million American depositary shares, each representing 3 class B ordinary shares, priced $10 to $12, managed by Goldman Sachs (Asia), Deutsche Bank, and Stifel. Proposed NYSE symbol QUNR. Business: Baidu-controlled website that lets consumers compare hotel and travel fares.
Fred, definitely a strange group here. More frustrated that we cant have a decent discussion here than the price action of the stock. I agree, next week will be even a better earnings result than the last. 200 by year end, here we come!!
Chinese search giant Baidu is in negotiations to buy location-based restaurant review and group buying website Dianping for $2 billion, according to PingWest (article in Chinese). ...
.......An acquisition of Dianping by Baidu would be huge. Not only does Baidu control most of China’s search market, it also has the most popular online maps service. Combine that with an extremely popular LBS like Dianping, and you’ve got a recipe for success.
Please, if we listened to you and your kind 6 months ago when you guys were "warning" us that the stock was going to $70, we wouldn't be holding a nice gain here. Price pressure is across the sector. Next weeks earnings will surprise you.
Slap on the hand for guidance on their new product Baifa. Don't see this being an issue.
According to an industry insider, Chinese internet company Baidu has reached a deal to acquire a package of assets from Beijing-based social networking site operator Renren. Assets included in the deal have already been agreed upon, and will not include Renren's gaming business, the company's only profitable division. Renren has denied knowledge of the rumors, while Baidu has declined to comment.