Baidu, Inc. (BIDU:NASDAQ)

Baidu, Inc. intends to establish a South China headquarter in Shenzhen city of Guangdong province, so as to cover Southeast Asia.

Qtrax announced that Baidu Inc. has agreed to direct music related search inquiries from its Entertainment Portal, and Qian Qian Music Online sites to Qtrax's independent, free and legal download service, wherever Qtrax has the queried artist or song in its catalogue.

Baidu Inc. announced unaudited consolidated financial results for the third quarter ended September 30, 2009. For the quarter, the company reported total revenues of RMB 1,278.7 million ($187.3 million), representing a 39.1% increase from RMB 919.1 million for the corresponding period in 2008. Operating profit was RMB 521.4 million ($76.4 million), representing a 41.6% increase from RMB 368.3 million for the corresponding period in 2008. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB 542.7 million ($79.5 million), a 40.8% increase from RMB 385.3 million for the corresponding period in 2008. Income before income taxes was RMB 542.0 million compared to RMB 382.7 million for the same period a year ago. Net income was RMB 492.9 million ($72.2 million), representing a 41.7% increase from RMB 347.9 million for the corresponding period in 2008. Basic and diluted EPS amounted to RMB 14.23 ($2.08) and RMB 14.14 ($2.07), respectively compared to RMB 10.15 and RMB 10.00, respectively for the same period a year ago. Net income excluding share-based compensation expenses (non-GAAP) was RMB 514.1 million ($75.3 million), a 40.9% increase from RMB 364.9 million for the corresponding period in 2008. Basic and diluted EPS excluding share based compensation expense (non-GAAP) amounted to RMB 14.84 ($2.17) and RMB 14.75 ($2.16), respectively. Net operating cash inflow and capital expenditures were RMB 733.9 million ($107.5 million) and RMB 129.6 million ($19.0 million), respectively compared to the net cash provided by operating activities RMB 733.9 million for the same period of 2008. Adjusted EBITDA (non-GAAP), defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non-operating income and share-based compensation expenses, was RMB 622.1 million ($91.1 million), representing a 36.0% increase from RMB 622.1 million for the corresponding period in 2008. The company expects moderate year-over-year growth for the fourth quarter of 2009 due to the temporary negative impact anticipated when the Online Marketing Classic Edition is discontinued. The company currently expects to generate total revenues in an amount ranging from RMB 1,190 million ($174 million) to RMB 1,230 million ($180 million) for the fourth quarter of 2009, representing 32% to 36% year-over-year growth. This forecast reflects company's current and preliminary view, which is subject to change.