Chinese search engine Baidu releases its own mobile web browser for Android devices

Thursday, September 6th, 2012 4:41:05 by

Chinese top search engine Baidu on Monday introduced a new namesake mobile browser  for smartphones and tablets. The news was taken cordially by investors as the three-week long share price decline came to a halt.

The new web browser will be available first on Google’s mobile operating system platform Android. The company said that the iOS version is still on ready for launch yet but will follow the Android release soon.

In a statement, the search engine’s general manager of mobile and cloud-computing unit, Li Mingyuan said that the new browser is 20 percent faster than its predecessor. Moreover, the app lets the users play games and watch videos using its own built-in media player, which will put less load on app and thereafter the processor.

In another statement to the media, Baidu chairman, Robin Li commented that the company is now eyeing cloud computing as the major project. He said: “The cloud-supported mobile Internet is the focus of the next wave of innovation.”

Baidu, by and large, is the most used search engine in Mandarin-language in terms of search queries. However, despite the strong market leadership in the region, the company has been facing tough times in the stock market. Its shares started dropping on August 17 and slide continued until Monday, when the company released the new browser.

According to some analysts, the chief reason for the decline has been recent announcement by Baidu’s top rivals, Qihoo 360 Technology. The company stated last month that it will be launching its own search engine in the Chinese web environment.

However, the news on the new browser release resulted in a 2.5 percent spike in BIDU shares that traded at $114.20 at midday Tuesday.

Tags: , , , , , ,

Short URL: https://www.newspakistan.pk/?p=32243

Posted by on Sep 6 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

You must be logged in to post a comment Login

Join WishFree.com

Photo Gallery

Unique Auction UAE
Log in