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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2008
Commission File Number: 000-51469
BAIDU.COM, INC.
12/F, Ideal International Plaza
No. 58 West-North 4th Ring
Beijing 100080, Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
BAIDU.COM, INC.
Form 6-K
TABLE OF CONTENTS
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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BAIDU.COM, INC.
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By : |
/s/ Robin Yanhong Li
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Name : |
Robin Yanhong Li |
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Title : |
Chief Executive Officer |
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Date: December 12, 2008
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Exhibit 99.1
Exhibit 99.1
Baidu Announces Revised Outlook for Fourth Quarter 2008
BEIJING, December 11, 2008 Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet
search provider, today announced revised guidance for the fourth quarter of 2008 and provided an
update on recent business developments. (1)
Baidu currently expects fourth quarter 2008 revenue to be in the range of RMB890 million (US$131
million) to RMB900 million (US$133 million), compared to the previously stated range of RMB1,025
million (US$151 million) to RMB1,055 million (US$155 million).
The company noted that several factors contributed to the guidance revision. First, the economic
slowdown in China is having a greater than expected impact on online marketing particularly in
machinery and franchising; second, Baidu recently removed the paid search listings of customers in
the medical and pharmaceutical sector without licenses on file with Baidu; and third, after a
thorough inspection of its customer base, the company removed a number of questionable paid search
listings outside of the medical and pharmaceutical sectors. The company noted that a portion of its
customers in the medical and pharmaceutical sectors have returned to its paid search listings
following the submission of required licenses.
As on-line marketing customers adjust to the current difficult economic environment, we believe
they will increasingly realize the value of paid Internet search as a very powerful performance
based model, said Robin Li, Baidus chairman and chief executive officer. I am confident that
Baidu will enhance our market position as we continue to evolve our business model in-line with the
rapidly changing dynamics of our market. Going forward, we will continue to focus on improvements
in operations, product offerings, and execution.
Currently, the company is testing a new on-line marketing system to enhance monetization which is
expected to improve customer ROI as well as user experience. In addition, Baidu is in the process
of developing a new sales support system which is designed to improve sales productivity as well as
customer service.
(1) |
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This announcement contains translations of certain RMB amounts into U.S. dollars at
specified rates solely for the convenience of the reader. Unless otherwise noted, all
translations from RMB to U.S. dollars are made at a rate of RMB 6.7899 to USD 1.00, the
effective noon buying rate as of September 30, 2008 in The City of New York for cable
transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New
York. |
About Baidu
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. Baidus 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 Baidus 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 December 11, 2008, and Baidu
undertakes no duty to update such information, except as required under applicable law.
For investor inquiries please contact:
In China:
Ms. Linda Sun
Baidu.com, Inc.
Tel: +86-10-8262-1188
Email: ir@baidu.com
Ms. Cynthia He
Brunswick Group LLC
Tel: +86-10-6566-9504
Email: baidu@brunswickgroup.com
In the U.S.:
Mr. Michael Guerin
Brunswick Group LLC
Tel: +1-646-277-3694
Email: mguerin@brunswickgroup.com