Feeds

Baidu sorry for medical scam ads

The music machine rolls on

3 Big data security analytics techniques

Unlicensed music distributor Baidu has admitted taking money from unlicensed medical companies.

Baidu dominates the search business in China, the bulk of its revenue coming from pay-for-placement in its search pages, which it calls "Page Rank Bid". The company says it will now stop the practice, which accounts for 10 to 15 per cent of its revenue by its own estimates.

Investment bank Piper Jaffrey, a stock Booster for the NASDAQ-quoted company, puts the figure much lower, at 3 per cent of revenue. Baidu made the announcement after a TV investigation in China.

Much of Baidu's appeal stems from its role as an enabler for the flow of free music, largely unlicensed. The company admits as much in its SEC filings, explaining that “a significant portion of our traffic is generated by users of our MP3 search service”.

As we revealed in September, a Baidu user can be almost guaranteed to find free music downloads. A mysterious network of domains ensures the music keeps flowing - despite takedown requests.

The international music group IFPI filed suit in February and a hearing took place last month. A verdict is expected by the end of the year.

Baidu's investors include Morgan Stanley, JP Morgan, Fidelity and Goldman Sachs. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.