BEIJING, Feb. 29 /Xinhua-PRNewswire/ -- Baidu.com, Inc. (Nasdaq: BIDU),
the leading Chinese language Internet search provider, today announced its
intention to launch an instant messaging (IM) service, called "Baidu Hi."
(Logo: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )
"We are very excited to enter the IM market in China," said Haoyu Shen,
Baidu's vice president of business operations. "The Internet is playing an
increasingly important role in people's lives in China, and we are constantly
looking for ways to bring more convenience and functionality to our users.
With Baidu's strengths in creating online communities, and with our suite of
popular products such as Baidu Knows, Baidu Post Bar and Baidu Space, we are
confident that Baidu Hi will become a strong competitor in China's IM market."
Research and development for Baidu Hi has been underway for almost one
year. Baidu is currently in the process of recruiting additional personnel for
the team dedicated to developing the product. All elements of Baidu Hi,
including product design, research and testing, will be handled independently
by Baidu. Internal testing for this product is currently underway.
Baidu.com, 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
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. Among other things, quotations from management in this
announcement contain forward-looking statements. Statements that are not
historical facts, including statements about Baidu's beliefs and expectations,
are 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. Further information
regarding these and other risks is included in our annual report on Form 20-F
and other documents filed with the Securities and Exchange Commission. All
information provided in this press release is as of February 29, 2008, and
Baidu undertakes no duty to update such information, except as required under
For investor inquiries please contact:
For investor and media inquiries please contact:
Ogilvy Public Relations Worldwide (Beijing)
In the US:
Ogilvy Public Relations Worldwide (New York)
SOURCE Baidu.com, Inc.
/CONTACT: Linda Sun of Baidu.com, Inc., +86-10-8262-1188, or
firstname.lastname@example.org; or in China, Helen Plummer of Ogilvy Public Relations
Worldwide (Beijing), +86-10-8520-3090, or email@example.com, or in the
US, Thomas Smith of Ogilvy Public Relations Worldwide (New York), +1-212-880-
5269, or firstname.lastname@example.org, both for Baidu /
PRN Photo Desk, 888-776-6555 or 212-782-2840/
/Web site: http://www.baidu.com /
CO: Baidu.com, Inc
IN: CPR ECM ITE MLM NET
SU: ASI PDT
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