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Baidu Overtakes Google In the Race of Smart Speaker Vendor

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For the western world, when you mention the term “search engine”, Google is the first thing to pop into your head. It basically owns the tech market, but little do we know, it has a few competitors when we look at search engines globally.

Today we shall discuss the Chinese search engine Baidu, which happens to be the second-largest search engine in the world. All I wish is that I could tell it to do my assignments in the UK, but alas, that is not possible. It could still really help with them, though.

Table of Contents

What is Baidu?
How does it work?
We need to know how it operates
Some pros and cons
Conclusion
ABOUT THE AUTHOR

What is Baidu?

Basically, it is a Chinese multinational company which provides internet services to all its users. Just like Google, it also sells products and provides AI help and has headquarters located in Beijing’s Haidian District.

It controls most of China’s search market and is a topic that might give you some authentic economics assignment help. As popular and successful as Baidu is, Amazon still triumphs when it comes to the smart speaker market due to its worldwide recognition and use.

• It is the most prominent internet search and services company in China and is used by a large population of the country, being headquartered in the city of Beijng.
• It has several different services on different websites that are affiliated with it, such as a financial information Website, with partner Hexun.com, along with offering new reporting services and such.
• Companies like Google and Apple have a strong enough hold on the market that Baidu’s success leaves them pretty much unaffected. They can continue to have their position because it has been secured in the global tech market, while Baidu continues to grow close behind.

How does it work?

Any service like this requires a very specific and complex working mechanism. The several different services that it provides need to be monitored, and by several different types of professionals, due to the diversity in their nature.

Its smart speakers operate through the DuerOS platform, and they used to be much more expensive than they are now. After releasing some stuff in the high-end market, they began to sell cheaper products due to it getting not as much attention as they thought it would.

  • Prices getting lower is a huge reason for Baidu’s popularity suddenly shooting up, with them selling products as less as $12. It flourished in the Chinese market.
  • Surprisingly enough, it has surpassed Alibaba, the previous leading store in the Chinese market. This was a great cause for buzz for Baidu’s services all over the internet and it rapidly gained popularity.
  • Google is making several efforts to keep up with this advancement and is launching new and improved technologies and services which are helping it stay on top.
  • It is currently trying to lay claim to the Indian portion of the Asian market, which will surely be a mutually beneficial alliance.

Some pros and cons

Its quick development means big things for it. The products Baidu is providing are high in demand and people want more of them, for example, statistics show that there were 42.9 million shipments of smart speakers made globally across all companies in 2019.

Imagine that. That’s a good percentage of the world’s population demanding to have smart speakers.


Baidu provides the same products that other companies do but cheaper. The quality is just as good, but since they manufacture locally, the pricing is more controlled, which obviously makes it a more reliable and trustworthy option.
• With people wanting to discover more and more about the hidden parts of the internet, Baidu has been getting more and more attention lately.
• Since it is still one of the lesser known companies, which makes becoming an early customer very advantageous because it doesn’t have the “brand tag” yet. Before enough people find out about it that it too becomes something of a status symbol, you might want to give it a try.
However, not everything about it is rainbows and sunshine.
• There is a serious lack of review online for Baidu products due to them not being as popular as Amazon or any other really big company at the moment. This means that getting their products will be somewhat of a shot in the dark because there’s no way to ensure if the products are trustworthy until you actually receive them.
• They might go into a bit of a loss due to lowering their prices and not being able to make it into the high-end market like Amazon did. That one setback was a huge blow to the business as far as keeping up with their competition goes, so they will have to somehow come up with ways to increase their reach and get back into the competition to excel.

Before enough people find out about it that it too becomes something of a status symbol, you might want to give it a try.
However, not everything about it is rainbows and sunshine.
• There is a serious lack of review online for Baidu products due to them not being as popular as Amazon or any other really big company at the moment. This means that getting their products will be somewhat of a shot in the dark because there’s no way to ensure if the products are trustworthy until you actually receive them.
• They might go into a bit of a loss due to lowering their prices and not being able to make it into the high-end market like Amazon did. That one setback was a huge blow to the business as far as keeping up with their competition goes, so they will have to somehow come up with ways to increase their reach and get back into the competition to excel.

Conclusion

Due to Baidu’s geographical restrictions and lack of global interaction, along with lack of awareness about it worldwide and people still being used to Google, Google will probably stay number one for a long time to come.

But that does not mean we still cannot get the most out of our second favorite answer to everything! Maybe it will get more popular in the future, or maybe Google has secured its position for good.

But as the internet progresses, the possibility of several new search engines emerging and taking its place increases as well. Google better watch its back in the coming years, or sadly enough, just like Google Chrome after Microsoft Edge got popular, it might lose its position.

 
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NEWS

Benefits of Having A Student Credit Card in Daily Life

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student credit card

Every year, more students travel abroad to pursue higher education. It has given rise to the need for some kind of financial stability for the students as they lack a steady source of income. Therefore, few financial institutions have introduced student credit cards for those students.

These credit cards have smaller credit limit compared to regular credit cards. The maximum amount provided on such a credit card is Rs. 15000. However, they have no joining fee and also minimal annual charges making them an ideal credit product for students to avail.

The validity period on these credit cards is also longer than regular credit cards; the longest being 5 years. Also, as the main customer base for these cards is the students studying abroad; therefore, these cards have international legitimacy.

Another advantage student credit cards have over regular cards is that minimum documentation is required to avail one.

When students start using a credit card from a young age, they develop a good score early on.  Also, it becomes convenient for the students to meet their daily as well as other education-related expenditures.

The lending institutions even breaks down the expenses for the students, so that they can better monitor their expenses. This feature makes the students more responsible for their financial dispositions, and they tend to spend more wisely.

Also, in case a student spends a hefty amount at once and cannot repay the same within the due date, they can convert it into an EMI. If students make payments using student credit cards at the beginning of a billing period, they can avail of a longer window to repay, thereby ensuring they make timely repayments.

Advantage of student credit card

If you are using the best credit card in India then you can get the following advantage like;

Rewards:

Shop for your favorite consumer durable or appliances or other products from online or offline stores to earn lots of rewards. These rewards will be used for the next shopping.

Zero Fraud Liability Guarantee:

With the best credit card, you will less and very less chance of fraud i.e zero fraud.

Fiscally responsible:

This credit card help students to be financially independent and also manage money.

For shopping:

Using this credit card, you can enjoy your shopping easily from all the online and offline stores.

What is good about student credit cards?

Best of all, one can earn valuable rewards with these credit cards. With this card, all your cashback gets accumulated in the first year, which can be redeemed in the year later.

You can also receive rebates and reward points under categories like fuel surcharge waiver; dine out vouchers, shopping coupons on e-commerce sites, etc.

A student credit card might not provide you with best-in-class features like complimentary airport lounge access, air miles, etc. Plus, these customized credit cards do not have annual fees, making it an ideal option for young individuals who do not possess a substantial income source.

Financial institutions set the credit limit and interest rates based on the borrower’s creditworthiness and perceived risk. Applicants with poor CIBIL scores are inherently riskier, so they are charged a higher interest by the card issuers.

 
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