Baidu Inc. (NASDAQ:BIDU): Baidu Space Reaches 100 Million Registered Users

"Strong Buy" Rated U.S.-Listed Chinese Stocks (March 13, 2012)

By Alan Huang

Baidu Space, the social networking service of Baidu Inc. (NASDAQ:BIDU), has reached 100 million registered users and two million concurrent users on its third anniversary, reports Sina.


According to traffic tracking service Alexa.com, Baidu Space (hi.baidu.com) accounts for 3.5% of total traffic to Baidu.com. It is the fourth popular Baidu service behind Baidu Postbar, Baidu Image Search, and Baidu Knows. Industry experts believe Baidu Space has achieved rapid growth because of its simplicity and dependability, and Baidu's positive brand image among Chinese Internet users.

Baidu Inc. (NASDAQ:BIDU) shares are up 137% year-to-date, ranking 15th among all Chinese ADRs (Full Ranking). On average, wall street analysts are expecting its revenue and EPS to rise 39% and 41% in 2010 over 2009. Out of the 20 wall street analysts covering BIDU, 13 have a positive rating on the stock.

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