Baidu Cloud Breaks 70 Million Users, Growing at 200k Users a Day

June 27, 2013 Leave a comment

Baidu Cloud Breaks 70 Million Users, Growing at 200k Users a Day

June 27, 2013

by C. Custer

At an open media event yesterday, Chinese search giant Baidu shared some pretty impressive numbers about Baidu Cloud. The cloud platform, which includes everything from word processing to music streaming and photo storage, now has more than 70 million users, and is currently growing at a rate of 200,000 new users per day. No, I didn’t mean month, and yes, that’s crazy. Baidu also said that the service now has an average of 2 million daily active users. Of course, these are self-reported numbers, so the degree to which you trust them depends on how much you trust Baidu. (So, if you’re Zhou Hongyi, you’re probably shaking your head right now). Baidu is currently competing with Qihoo 360 both in the search and security markets, but Qihoo doesn’t currently have a comprehensive cloud offering, so this is one area where Baidu may be able to grow without too much competition — at least for now. But as we wrote earlier this morning, Qihoo is reportedly planning to expand its search options, and it seems like just a matter of time before the battle between the two spreads into the cloud. Of course, there are also a number of other domestic cloud services, but none of them are quite as broad as Baidu’s slate of offerings, so there may not be a true competitor until a big company like Qihoo or Tencent throws its weight behind building a broader, multi-faceted cloud platform.

Filed under TMT Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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