BEIJING, Feb 26, 2010 /PRNewswire via COMTEX
Baidu, Inc. shmack shoes (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that Baidu and Providence ed hardy outlet Equity Partners ("Providence") have signed an agreement pursuant to which Providence will invest $50 million in Baidu's new LED christmas light online video company to develop an advertising supported online video business auto ac compressor providing premium licensed content in China. Baidu will continue to maintain majority ownership in the company. The new online video inflatable life raft company has registered http://www.qiyi.com as its domain name.
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BEIJING, Feb 26, 2010 /PRNewswire via COMTEX
Baidu, Inc. shmack shoes (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that Baidu and Providence ed hardy outlet Equity Partners ("Providence") have signed an agreement pursuant to which Providence will invest $50 million in Baidu's new LED christmas light online video company to develop an advertising supported online video business auto ac compressor providing premium licensed content in China. Baidu will continue to maintain majority ownership in the company. The new online video inflatable life raft company has registered http://www.qiyi.com as its domain name.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO )
The online video market has great potential for growth in China," said Mr. reading glasses frame Robin Li, Chief Executive Officer of Baidu, Inc. "Providence is our ideal partner in this space as it has rich experience in investing money counter in and managing businesses that distribute licensed content online. With Baidu's strong ability to drive traffic and offer innovative products that suit Golf clubs user needs, we are very excited about the future prospects of this new company."
"We are very pleased COACH OUTLET 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 world's largest Chinese language internet search company and also the tag heuer replica WATCHES dominant video search engine in China, Baidu has unmatched competitive advantages in its user base and traffic. The Jordan High Heel shoes 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 globe valve provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving a bathing ape individual Internet search users, Baidu wholesale football jerseys provides an effective platform for businesses to reach potential customers. Baidu's ADSs, each clothing shirts 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 3G WIFI ROUTER Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications Abercrombie and Fitch and information christian louboutin sale services companies around the world.
The principals of Providence manage funds with over $22 billion in equity commitments cheap purses and have invested in more than 100 companies operating in over 20 countries since the firm's inception in 1989. Significant existing and prior investments include Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Women boots Corporation, eircom, Hulu, Idea Cellular, Kabel Deutschland,NexTag, Ono, PanAmSat, ProSiebenSat.1, Recoletos cheap handbags, TDC, Univision, VoiceStream leather belts Wireless, Warner Music Group, Western Wireless safety valve 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 http://www.provequity.com for hose crimping machine more information.

Baidu reported total moncler jacket revenues of RMB1.294 billion ($189.6 million) for the first quarter of 2010, representing a 59.6% increase ball valve from the corresponding period in 2009. Online marketing revenues for the first visvim sneakers quarter of 2010 were RMB1.293 billion ($189.5 million), representing a 59.6% increase from the corresponding period in 2009. Baidu had LED rope around 221,000 active online marketing customers in the first quarter of 2010, representing a 19.5% increase from the corresponding period in inflatable life jackets 2009 and a 0.9% decrease from the previous quarter. Revenue per online marketing customer for the first eyeglasses frames quarter was approximately RMB5,900($864), a 34.1% increase from the corresponding period in 2009 and a 3.5% increase from the previous quarter. Traffic acquisition costs (TAC) as a component Prom Dresses of cost of revenues were RMB171.3 million ($25.1 million), representing 13.2% of total revenues, as compared to 15.3% in the corresponding period replica breitling WATCHES in 2009 and 16.0% in the fourth quarter of 2009. The decrease in TAC as a nike air max shoes percentage china valve of total revenues reflects cheap nike sneakers initiatives to drive quality improvements on Baidu Union traffic. Bandwidth costs as a component RX safety glasses of cost of revenues were RMB58.0 million ($8.5 million), representing 4.5% of total revenues, compared to 6.0% in the corresponding period in 2009. Depreciation costs as a component of cost of revenues were RMB65.9 million ($9.7 million), representing 5.1% of total revenues, compared to 7.4% in the corresponding christian louboutin pumps period in 2009. The decreases in bandwidth and depreciation costs as percentages of total revenues reflect efficiency improvements cheap handbags as well as increased scalability of investment in capital expenditure. Selling, general and administrative expenses were new era caps RMB214.6 million ($31.4 million), representing an increase of 5.0% from the corresponding period leather handbags in 2009, primarily due to increased sales headcount. The increase was partly offset by lower marketing expenses. Research and development expenses were RMB122.1 million ($17.9 million), representing a 42.6% increase from the corresponding period in 2009, primarily due to increased R&D personnel expenses. Share-based compensation expenses, which were allocated to related operating leather handbags costs and expense line items, decreased in aggregate by 16.7% to RMB19.5 million ($2.9 million) in the first quarter of 2010 from RMB23.5 million in the corresponding period in 2009. Operating profit was RMB530.8 million ($77.8 million), representing Louis vuitton shoes a 167.4% increase from the corresponding period in 2009. Operating profit excluding share-based compensation expenses soccer shirts (non-GAAP) was RMB550.3 million ($80.6 million), a 147.9% increase from the corresponding period in 2009. Income tax expense was Wholesale nfl jerseys RMB70.7 million ($10.4 million), compared to an income tax expense of RMB26.9 million for the corresponding Knife gate valve period in 2009. The effective tax rate for the first quarter of 2010 was 12.8% as compared to 12.9% for the corresponding wedding gown period in 2009. Net income was RMB480.5 million ($70.4 million), representing a 165.3% increase from the corresponding period in 2009. Basic and cheap dunk diluted EPS for the first quarter of 2010 amounted to hydraulic hose RMB13.82($2.02) and RMB13.77($2.02), respectively.

Baidu
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Online marketing revenues pyrotechnic signals for the first quarter of 2010 were RMB1.293 billion ($189.5 million), representing a 59.6% increase from the corresponding period in 2009. Baidu had around 221,000 active online marketing customers in the first quarter of 2010, representing reading glasses a 19.5% increase from the corresponding period in 2009 and a 0.9% decrease from the previous quarter. Revenue per online marketing Custom Wedding Dresses customer for the first quarter was approximately RMB5,900($864), a 34.1% increase from the corresponding period in 2009 and a 3.5% increase from the PATEK FAKE WATCHES previous quarter.
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Share-based compensation expenses, which were allocated to plug valve related operating costs and expense line items, decreased in aggregate by 16.7% to RMB19.5 million ($2.9 million) in the cheap supra shoes first quarter of 2010 from RMB23.5 million in the corresponding period in 2009.
Operating profit was RMB530.8 million ($77.8 million), representing a 167.4% increase r4i card from the corresponding period in 2009. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB550.3 million ($80.6 million), a 147.9% increase from the corresponding period in 2009.
Income tax expense was prada sneakers RMB70.7 million ($10.4 million), compared to an income tax expense of RMB26.9 million for the corresponding period in 2009. The Hydrostatic test pump effective tax rate for the first quarter of 2010 was 12.8% as compared to 12.9% for the corresponding period in 2009.
Net income was RMB480.5 million ($70.4 million), representing a 165.3% increase from the corres

The Company's Human
Resources (or "HR") Department Nike shoes on sale may review this Code quarterly and propose amendments (if any) to the Board of Directors for its approval.
Amendments to gate valve the Code and related policies shall be distributed to all Employees in writing via e-mail carton sealing machine or hard copy for acknowledgement. The Code shall be posted on the Company's intranet website. In mlb jersey addition, the HR department shall conduct appropriate trainings as necessary and distribute updated versions jewelry accessories of the Code to all Employees for execution of a written acknowledgement in the form attached as Appendix I hereto.
Waivers Waivers of this Code Jordan basketball shoes will be granted on a case-by-case basis and only in extraordinary circumstances. Waivers of this Code may be made only by the Board, or the appropriate committee of the Board.
Inquiry about the peep toe pumps Code The Code is intended to clarify principles and standards designer sunglasses concerning business Discount Wedding Dresses conduct and serves as guidance for Employees. It is not intended to encompass every omega fake WATCHES event that may arise from time to time. If an Employee encounters any events that are not covered by this Code or has any questions rip dvd on any matters included in this Code, the Employees are encouraged to consult with the Company's HR, legal and ed hardy t-shirts internal audit departments.
Employees shall also comply with P90X workout other internal rules in force and effect, from time to time, including, but rocker switch not limited to, Rules for Avoiding Conflicts of Interest, Rules for Use and Disclosure of Information, Rules Prohibiting Side Agreements, Whistleblower Coach handbags sale Rules and Procedures and Rules Against Retaliation upon Reporting.
Effective Date: July 1, 2005 Prepared and Revised by: Human ed hardy handbags Resources, Legal and Internal Audit Departments Approved by: The Board of Directors on July 1, 2005 As a Nasdaq-listed Safety Glasses company, Baidu, Inc. ("Baidu") has adopted a series of corporate governance policies and ethics rules, including solar light supplier the Code of Business Conduct and Ethics posted on Baidu's website.
In order to further wholesale football jersey implement and monitor compliance with such policies and rules, Baidu sets up this Ethics Hotline Designer Replica Handbags to receive complaints about any butterfly valve Baidu employee's possible violation of these policies and rules.
If you make a complaint through this Ethics Hotline, we encourage cheap nike air max shoes you to leave your name and contact information r4i sdhc with us to aid our investigation. We will contact you within 15 working days upon receipt of your complaint if we have your contact information. We intend to conduct a thorough investigation fair to the concerned parties cheap sneakers while preserving the information relating to yourself in confidence to the maximum extent permissible under applicable law.

Use and Disclosure of Company
Information Puma shoes cheap In order to: ensure that all of the Company's Employees keep in strict safety valve confidence the confidential information packing machine regarding business, technology and other aspects, as a property of the Company, without football boots privately disclosing the aforesaid information to any third parties; and
comply with all applicable laws Stainless Steel Jewelry and regulations concerning "material non-public information," protect the material, non-public cheap purses information from being disclosed without polarized sunglasses authorization and guard against misuse of the "material non-public
information" in transactions of the Company's securities, the Company christian louboutin sale formulates and adopts Rules for Use Bridesmaid Dresses and Disclosure of Information, which provides guidelines to the Employees in fulfilling their responsibilities regarding the confidentiality of information.
Protection of Company Assets It is each Employee's responsibility to safeguard the rolex fake Company's assets against damage, misuse, theft dvd ripping and inadvertent access by others and comply with all requirements related to the Company's assets.
The Company's assets include, without limitation, information, technical materials, software, information systems, construction, equipment, files ed hardy handbags and cash. The use of the Company's assets is limited to the Company's legitimate business purpose. Upon termination P90X of employment, or at such time as the Company requests, an
Employee must return to the Company all of its nfl jerseys property without exception, including files and all forms of medium containing confidential information, including any and all duplicates. All inventions, creative works, computer software, and outdoor solar lighting technical or Cheap coach purses trade secrets developed by an Employee in the course of performing the Employee's duties, or primarily through the use of the Company's materials and technical resources while working at the Company, shall leather belts be treated as the intellectual property of the Company and, as confidential information, shall be protected by wholesale football shirts the Company's Rules for Use and Disclosure of Information. The Company respects the proprietary rights of Louis Vuitton Monogram other companies and requires its Employees to comply with the laws and regulations that protect such proprietary rights.
Violations Reporting and Non-retaliation
Violations Reporting In order to ensure that all Employees as well wholesale jeans as other companies, organizations CHEAP PUMA SHOES and individuals who deal with the Company have an effective r4i gold channel to report non-compliance of the Code and related policies, the Company institutes Whistleblower Rules and Procedures. All Employees are obliged to report any known or suspected violations to designated departments according to the Whistleblower Rules and Procedures.
Non-Retaliation of Reporting Retaliation by the Company or other Employees against an Impact wrench Employee who, in good faith, seeks help or reports known or suspected violations is strictly prohibited.
However, malicious or vexatious reports or false allegations may Balloon Pump result in disciplinary action. To eliminate fear of retaliation as a result of lawful and bona fide reporting of violations, the Company formulates and adopts the Rules Against Retaliation upon Reporting, which all Employees shall read carefully.

Many people have asked about the meaning of our name.
"Baidu" was globe valve inspired by a poem written more than 800 years strapping machine ago during the Song Dynasty. The poem compares the search for a retreating beauty amid chaotic glamour with the search for one's dream while confronted by life's many obstacles. "...hundreds Silver Jewelry and thousands of times, for her I searched in chaos, suddenly, lady handbags I turned by chance, to where the lights were waning, and Mini storage gas cylinder there she stood." Baidu, whose literal meaning designer reading glasses is hundreds of times, represents Cosplay Costumes persistent search for the ideal.
Baidu chose a poetic Chinese name REPLICA IWC WATCHES because it wants the world to remember its heritage. As a native speaker of the Chinese language and a talented engineer, Baidu focuses on what it knows best - Chinese language search. Applying avant-garde technology to the world's most ancient football jersey and complex language is as challenging as it is exciting. At least people here at Baidu think so. As having diligently disclosed in the Prospectus of our recent Initial Public Offering, we cheap Sunglasses believe rip blu-ray there are at least 38 ways of saying "I" in Chinese. It is important that we master all the ways of addressing oneself in Chinese because ed hardy bikini our users depend on us to address every one of their daily queries. And trust us, pin pointing queries in the Chinese language is an art rather than a science.
Our mission is to provide dip switch the best way for people to find Cheap coach purses information. To do this we listen carefully to our users' needs and wants. Have we collected all the Chinese web pages they want to see? Are the pages current and up to date? Are the search results closely related to their queries? Did we return those search results instantly?
To improve user experience, we constantly make improvements to our Prescription safety glasses products and services. For example, we introduced "phonetic" or "pin-yin" search which allows our users to type in Chinese keywords men jeans using English alphabets. This feature is designed to skip the switching from English inputting to Chinese inputting and for when the user is not sure of the written form of a keyword. Our cheap handbags users definitely notice the many little things that we do differently to ensure a simple and reliable search experience every time.
In addition to serving individual wholesale soccer shirts users, we also serve as a media platform for online marketing customers.
We not only provide our customers easy access to one of the largest online New york Yankees jerseys audiences in China but also targeted groups with defined interests as indicated by queries. Unlike traditional online advertising services steam trap which charge by flat fee, our cheap swimwear marketing products and services are performance based. Our Pay for r4 ds card Performance model has taken the market by storm because it is cost effective and measurable.
We know that a lot of interesting things are going on in the Internet space, but cheap puma sneakers we don't want to lose focus. China's Internet search industry Pressure test pump is only a newly discovered territory. We see vast untapped grounds in our home base and we believe there are still plenty of prizes to be claimed by the best players.

Compliance with Regulation
FD and Communications Air max shoes with Investment Community The Company is strongly encouraged to follow the requirements of soccer jerseys Regulation FD ("Fair Disclosure") promulgated under the U.S. securities laws in the same manner as if it were a U.S. domestic reporting company. Regulation FD provides that, when a company discloses material, non-public information about the company to securities market professionals or shareholders (where it is reasonably laser engraving machine foreseeable that the shareholders will trade on the information), that company must also instantaneously Women handbags disclose the information to the public. "Securities market professionals" generally include analysts, institutional investors and other investment advisors.
Only the Investor Relations Manager is authorized to disclose china sunglasses information about the Company in response to requests from securities market professionals or shareholders.
No Employee shall, without first christian louboutin sandals obtaining explicit approval from the Investor Cheerleading uniforms Relations Manager, communicate directly with the investment community (including but not limited to shareholders, analysts, fund rip blu ray managers or potential investors) any information regarding the Company, regardless whether such information has been disclosed publicly or not. If an Employee receives a request for information from any securities market professionals or shareholders, he or she should promptly contact the Investor Relations Manager to coordinate a response cheap ed hardy clothing to such request.
No Employee shall communicate with any media, publicly or privately, without golf equipment first consulting with the insanity workout Company's personnel responsible for releasing information. In the event any issue arises that may emerge as a potential public relations emergency, such as Shower enclosure customer's complaints written on a public forum, Employees shall immediately report such incident to the personnel responsible for releasing information.
If any member of the media asks for information Cheap jordans about the Company or makes any other requests, Employees shall refer their inquiries or requests to the Company's Investor Relations Manager. For more detailed provisions regarding relationships with the media, Employees Coach wholesale shall refer to Rules for External Communications by Senior Management and Other Employees to ensure that every Employee will act in accordance Christian louboutin shoes with the prescribed conduct rules.
Business Menu Holder Partners, Suppliers and Clients Procurement of Goods and Services We guarantee Ed hardy boots fair dealings with our suppliers and we choose our suppliers through a fair evaluation of competitive bids. No Employee shall discriminate against or deceive a supplier. The decision to choose a particular supplier shall be made by men shirts reference to the soccer jerseys price, service, quality and reputation of the supplier as considered in the context of the Company's long-term commercial interests.
All Employees should endeavor cheap t-shirt to deal fairly and honestly with the Company's suppliers. No Employee shall attempt to unduly influence the process of choosing a supplier or treat any particular supplier on a preferential basis that would damage the supplier assessment and selection process. Employees should not accept or solicit any personal gains from any supplier that might compromise, or appear to compromise, their objective assessment of the supplier.
Employees shall hold the pricing or product information tiffany ring provided by the supplier or potential supplier in confidence. Execution of a supply agreement must be properly approved. A supply agreement must be specific as to the service Cheap nike dunks and product involved, payment term, contract ppr pipe price and expenses, and the purchase price must be consistent with the service or products involved.

Complete Accurate and Timely Disclosure
Upon the Coach handbags completion of its initial public offering, the Company will be a public company which is required to report its financial results plastic sunglasses and other material information about its business to the public and the SEC. It is the Company's policy to promptly disclose accurate and complete christian louboutin pumps information regarding its business, financial louboutin for sale condition and results Herve Leger of operations.
Employees must strictly comply with all applicable standards, laws, regulations and policies for accounting and financial reporting of transactions, estimates and forecasts. Inaccurate, incomplete blu ray ripper or untimely reporting will not be Cheap nike dunks tolerated and can severely damage the Company and result in legal liability.
The Company endeavors to design, establish and operate an Bathroom Cabinet effective internal control over accounting and financial reporting to ensure that all transactions will be duly authorized and recorded, complying with the applicable laws. Internal control includes, without limitation, written policies and procedures, reviews and monitoring by various levels of management, budgetary control and many other examinations and settlements.
The Company is committed to designing and implementing a set of disclosure procedures to ensure that all information required to be disclosed by the relevant regulatory bodies and supervisory authorities will be disclosed.
Each Employee must be aware that it is not only the finance christian shoes department's responsibility, but P90X DVD also his/her responsibility to follow the internal control and disclosure procedures to ensure that the information disclosed is complete, full, accurate, timely and understandable.
The Company requires every Employee to be familiar, and fashion clothing strictly comply, with its internal control and disclosure procedures.
Specifically, Employees shall Cheap coach handbags adhere to the following guidelines, which include, without limitation: All commercial transactions shall be duly authorized Discount coach bags and relevant records must be true, complete and accurate Juicy Couture jewelry in all material respects. All accounting records and ed hardy t-shirt financial statements derived therefrom shall comply with applicable laws and regulations and shall not contain any false or misleading entries.
All Employees shall fully abide by the Company's Records football boots Retention Policy and act as required leather handbags by Women boots the Company's internal auditors or outside auditors.
No Employees shall withhold information required to be disclosed football jersey to the Company's internal auditors or outside auditors or make false or misleading statements to the auditors.
Undisclosed or unrecorded funds, payments Fashion jewelry or receipts are strictly prohibited. Employees COACH BAGS shall promptly report any possibility of inaccurate or buy jordan 11 incomplete financial reporting. Particular Tiffany bracelet attention should be paid vibram shoes to:

4.2 Working Environment
The Company Abercrombie Fitch is dedicated to creating a high-quality working environment under which Employees respect and trust each other such that each stainless steel tube suppliers Employee acts in an honest, friendly stainless steel ball valve and proactive way with a responsible attitude and high moral standard. Harassment Prevention
The Company prohibits harassment in any form, whether physical or money detector verbal and whether committed by supervisors, non-supervisory personnel football shirts or non-Employees. Harassment may include, but is not limited to, offensive sexual flirtations, unwanted louboutin on sale sexual advances or propositions, verbal abuse, sexually or racially degrading words, or the ansi flange display in the workplace of sexually suggestive objects or pictures.
Discrimination Prevention The Company is committed to providing equal opportunity and fair BREITLING fake treatment to all individuals on the basis of stainless flange merit, without discrimination on the grounds of race, color, religion, national origin, sex (including pregnancy), age, disability, marital ripper dvd download status or other characteristics protected by law.
No Alcohol and Smoking The Company is committed to maintaining a non-smoking workplace. Smoking is prohibited on the premises of the Company including bathrooms. Drinking alcoholic beverages is prohibited while on Buy jordans shoes duty or on the premises of the Company, except when Coach tote bag expressly allowed at functions or at events sponsored by the Company or permitted by the Company.
Violence Prevention The Company considers the masai shoes safety and security of its Employees to be slitting machine vitally important. The Company does not tolerate violence, hostility, or threats of violence at its workplace.
Protection of Privacy of Employees The Company christian louboutin is committed to giving due respect to the privacy of its Employees. The Company shall refrain from interfering with or paying undue attention to the personal AIR MAX SHOES lives of its Employees unless the personal actions and behaviors have a negative impact on the Employee's work performance or the reputation and legitimate commercial Ray ban aviator sunglasses interests of the Company.
Open Communication The Company encourages open and honest Cheap nike dunks communication about different views.
Valuing Employees as Pandora jewelry Important Assets The Company believes its Employees are important assets and Wholesale nike shox keys to its success. The football shirts Company is shoulder bags committed to establishing a fair and equal evaluation and incentive mechanism to maintain a stable and highly efficient working environment.
The Company strives to maintain its success by providing opportunities Cheap ed hardy clothes that enable Employees to realize laser engraving machine their values and careers.