BEIJING, Nov. 18 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the
leading Chinese language Internet search provider, today announced the
relocation of its headquarters to Shangdi, an area designated by the Beijing
municipal government as the center of the city's information technology
industry. The new facility, called Baidu Campus, occupies 91,500 square meters
of gross floor area and currently houses approximately 3,000 of Baidu's
employees.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO )
"I am very excited about the long-awaited move to Baidu Campus," said
Robin Li, Baidu's chairman and chief executive officer. "Bringing our teams
together in this state-of-the-art facility will improve operational efficiency
and communications effectiveness. We look forward to leveraging these benefits
to serve the needs of our growing base of users and customers through
continued focus on search and innovation."
Baidu's new headquarters address:
Baidu Campus
No. 10 Shangdi 10th StreetHaidian DistrictBeijing, 100085
The People's Republic of China
Tel: +86-10-5992-8888
Fax: +86-10-5992-0000
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. Baidu's 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 Baidu's 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 November
18th, 2009, and Baidu undertakes no duty to update such information, except as
required under applicable law.
For investor inquiries please contact:
In China:
Mr. Victor TsengBaidu, Inc.
Tel: +86-10-5992-7244
Email: ir@baidu.com
Ms. Cynthia HeBrunswick Group LLC
Tel: +86-10-6566-9504
Email: che@brunswickgroup.com
In the U.S.:
Ms. Kate TellierBrunswick Group LLC
Tel: +1-212-333-3810
Email: ktellier@brunswickgroup.com
SOURCE Baidu, Inc.
In China: Mr. Victor Tseng of Baidu, Inc., +86-10-5992-7244, or ir@baidu.com; Ms. Cynthia He of Brunswick Group LLC, +86-10-6566-9504, or che@brunswickgroup.com; In the U.S.: Ms. Kate Tellier of Brunswick Group LLC, +1-212-333-3810, or ktellier@brunswickgroup.com
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