Form 6-K
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 March 2010
Commission File Number: 000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The 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
SIGNATURES
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, INC. |
By
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/s/ Robin Yanhong Li |
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Name:
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Robin Yanhong Li |
Title:
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Chief Executive Officer |
Date: March 2, 2010
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Exhibit Index
Exhibit 99.1Press Release
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Exhibit 99.1
Exhibit 99.1
Baidu Online Video Company to Receive $50 Million Investment
from Providence Equity Partners
BEIJING, February 26, 2010 Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet
search provider, today announced that Baidu and Providence Equity Partners (Providence) have
signed an agreement pursuant to which Providence will invest $50 million in Baidus new online
video company to develop an advertising supported online video business providing premium licensed
content in China. Baidu will continue to maintain majority ownership in the company. The new online
video company has registered www.qiyi.com as its domain name.
The online video market has great potential for growth in China, said Mr. Robin Li, Chief
Executive Officer of Baidu, Inc. Providence is our ideal partner in this space as it has rich
experience in investing in and managing businesses that distribute licensed content online. With
Baidus strong ability to drive traffic and offer innovative products that suit user needs, we are
very excited about the future prospects of this new company.
We are very pleased to partner with Baidu and are confident that this new venture will become an
industry leader, said Jonathan Nelson, Chief Executive Officer of Providence. As the worlds
largest Chinese language internet search company and also the dominant video search engine in
China, Baidu has unmatched competitive advantages in its user base and traffic. The new venture
will provide users with a first-class viewing experience, and will work with regulators to ensure
the lawful distribution of professionally produced media and entertainment content on the
internet.
About Baidu
Baidu, 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.
About Providence Equity Partners
Providence Equity Partners is the leading global private equity firm specializing in equity
investments in media, entertainment, communications and information services companies around the
world. The principals of Providence manage funds with over $22 billion in equity commitments and
have invested in more than 100 companies operating in over 20 countries since the firms inception
in 1989. Significant existing and prior investments include Bresnan Broadband Holdings, Casema, Com
Hem, Digiturk, Education Management Corporation, eircom, Hulu, Idea Cellular, Kabel Deutschland,
NexTag, Ono, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner
Music Group, Western Wireless and Yankees Entertainment & Sports Network. Providence is
headquartered in Providence, RI (USA) and has offices in New York, London, Los Angeles, Hong Kong
and New Delhi. Visit www.provequity.com for more information.
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. Among other things, quotations from management in
this announcement contain 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. A number of factors could cause actual results to differ
materially from those contained in any forward-looking statement, including but not limited to the
following: our growth strategies; our future business development, including development of new
products and services; our ability to attract and retain users and customers; competition in the
Chinese and Japanese language Internet search markets; competition for online marketing customers;
changes in our revenues and certain cost or expense items as a percentage of our revenues; the
outcome of ongoing, or any future, litigation or arbitration, including those relating to
intellectual property rights; the expected growth of the Chinese language Internet search market
and the number of Internet and broadband users in China; Chinese governmental policies relating to
the Internet and Internet search providers and general economic conditions in China, Japan and
elsewhere. 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 26, 2010, and Baidu undertakes no duty to update
such information, except as required under applicable law.
For investor inquiries please contact:
In China:
Mr. Victor Tseng
Baidu, Inc.
Tel: +86-10-5992-7244
Email: ir@baidu.com
Ms. Cynthia He
Brunswick Group LLC
Tel: +86-10-6566-9504
Email: che@brunswickgroup.com
In the U.S.:
Ms. Kate Tellier
Brunswick Group LLC
Tel: +1-212-333-3810
Email: ktellier@brunswickgroup.com