BEIJING,
Sept. 14 -- Baidu, China's dominant search engine, yesterday launched "Baidu
TV," an online video advertising service, expecting it to be a new profit driver
to help widen the gap with its rivals, Chinese versions of Google and Yahoo.
Baidu TV is the result of a partnership between Baidu
and Ads it! Media Corporation, a Chinese online video advertising platform
provider.
Baidu will provide advertisers access to about
160,000 domestic websites under the Baidu Union, where they can post online
video ads.
Ads it! mainly deals in advertising-related technical
and marketing issues.
"Baidu has been dedicated to developing its core
business by maximizing its customer resources ... Baidu TV is a logical step in
that direction," said Shen Haoyu, Baidu vice-president, business operations.
Baidu's revenue mainly relies on text ads, but this
is "far from enough, and it should try to find more niche markets to fuel
growth," said Tian Xin, search engine analyst with iResearch Consulting Group.
Baidu reported revenue of 401.3 million yuan for the
second quarter ended June 30, a 109.4 percent increase year-on-year, and revenue
per online marketing customer was 3,100 yuan during the April-June period.
(Source: China Daily)