Baidu said it was in the process of uploading the music catalogues onto its servers.
Baidu said Tuesday it would acquire video-streaming site PPS, minus its gaming operations, to beef up its Qiyi video service.
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Baidu said its income jumped in the three months ending 30 September, as the company continued to attract increasing amounts of advertising.
Stifel said Baidu will benefit from weaker competition as Google ( GOOG) has exited the Chinese search engine market.
Earlier this week, consulting firm Marbridge in Beijing said that Baidu was toying with the idea of buying an English language search engine.
China search engine, Baidu (BIDU), said last week that it was acquiring CTrip rival Qunar for an undisclosed amount.
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Robert Stammers, Director of Investor Education at the CFA said that while Baidu represented the potential for opportunities in the global market, investors should not expect to earn a great rate of return by simply choosing investments with high historical returns like Baidu or choosing the stock as a means to participate in the Chinese economy.
On Tuesday, Baidu chief executive, Robin Li, said the firms mobile search traffic was growing at triple digit rates.
Mr Perret said France Telecom had partnered with Baidu because the search firm had helped mobile networks in in its home market of China cope with a similar switch from basic mobiles to low-end smartphones.
Baidu, which is listed in New York, said Monday revenue in the October to December period will range from 6.16-6.35bn yuan.
Mr Kuo said that the technology makes the most of Baidu's considerable expertise in facial recognition.
One analyst said that it was unlikely Qihoo would threaten Baidu's lead in the short term, but the dispute was already frustrating web users.
"Baidu, the Chinese music fans, recording artists and the record companies will all benefit from this win-win partnership, " said Jennifer Li, chief financial officer of Baidu.
"Online video is a key strategic vertical for Baidu as user numbers and time-spend continue to increase exponentially, underscoring the tremendous potential in the sector, " said Robin Li, chairman and CEO of Baidu.
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Qihoo said it had now decided to prioritise services other than Baidu's in its results.
Analysts said there could be challenges on the horizon, however, as Baidu's fourth quarter revenue projection came in below expectations.
It said that when people used its new engine to search for a Baidu-related service, its rival re-directed them to its own search page.
In fact, it already apparently has: In August, after Baidu first listed on the Nasdaq exchange, the China Internet Network Information Center said the company enjoyed 38% of the local search market, with Beijing-based portal Sohu coming in second at 19.6%--and Google having a paltry 12.6% of users.
This quarter, Baidu excelled on cost management and gained traction in ad sales to larger enterprises, expanding on its customer base of small- and medium-sized firms, said New York-based analyst Colin W. Gillis, who tracks Baidu for Canaccord Adams.
Talk of new Chinese regulation sent most Chinese net names lower, but one trader said the regulation will have no effect on Sina or another popular net name, Baidu (BIDU), which closed 3.9% lower.
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