BEIJING, April 8, 2008 /Xinhua-PRNewswire/ -- Baidu.com, Inc.
(Nasdaq: BIDU), the leading Chinese language Internet search engine, today
announced the signing of an agreement with China Netcom Group (CNC) (NYSE: CN;
0906.HK) to jointly provide a Baidu-powered Internet search page for CNC users.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )
According to the agreement, Baidu's leading Internet search service will
be leveraged to help CNC Internet users find information they need online more
efficiently by powering a jointly designed search page that users will be
redirected to after they attempt to visit an incorrect or nonexistent URL.
"We are determined to become the leading provider of broadband
communications and multimedia services in China," said Yiming Fang, CNC's
general manager of media business. "Our goal is to provide our users with the
most convenient, efficient and comprehensive service by coupling our vast
customer base with Baidu's leading technology and market position in search.
The synergy between Baidu and CNC will be enormously valuable for all of our
"As one of the 2008 Beijing Olympic Games sponsors, CNC commands an
extensive customer base and shares core values with Baidu, such as a
commitment to providing user-oriented services. These commonalities served as
the foundation of our partnership," added Haoyu Shen, Baidu's vice president
of business operations. "As we continue to transform Baidu Union from a
search and advertising network to a true business solutions provider, Baidu is
increasingly lending expertise in search and product design and development of
business models to partners. We find these types of partnerships mutually
"CNC is the leading national telecom operator with dominant market share
in northern China," Shen continued, "In addition to bringing an easier and
more enjoyable user experience to CNC's customers, the joint offering will
also popularize the use of Internet search engines among new users who might
be unfamiliar with Internet search. We are confident that this agreement will
strengthen Baidu's position as the search engine partner of choice for telecom
operators seeking to improve services for customers."
About China Netcom Group
China Network Communications Group Corporation (China Netcom) is a leading
broadband communications and fixed-line telecommunications operator in China.
The Company aims to pursue innovation and growth with a goal to be a
"broadband communications and multimedia services provider".
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 April 8, 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: For investor inquiries - Helen Zhang of Baidu.com, Inc., +86-
10-8260-7558, or firstname.lastname@example.org; For investor and media inquiries - In
China: Helen Plummer of Ogilvy Public Relations Worldwide (Beijing), +86-10-
8520-3090, or email@example.com; In the US: Thomas Smith of Ogilvy
Public Relations Worldwide (New York), +1-212-880-5269, or
firstname.lastname@example.org, both for Baidu /
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO
PRN Photo Desk, 888-776-6555 or 212-782-2840/
/Web site: http://www.baidu.com /
CO: Baidu.com, Inc.; China Network Communications Group Corporation
IN: CPR ITE MLM NET PUB TLS
SU: ASI LIC
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