China-based Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is on the bullish radar this morning, as roughly 14,000 calls changed hands within the first hour of trading -- more than double the norm.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) opened flat on the news but moved higher after that. Qihoo 360's rise in search is problematic for Baidu, but the roughly $6 million that Maxim's analyst estimates that Qihoo 360 Technology Co Ltd (NYSE:QIHU) earned ...

Will this acquisition help out Baidu.com, Inc. (ADR) (NASDAQ:BIDU), or is it simply Baidu's attempt at plastering a Band-aid over a large, festering wound?

Chinese Internet issue Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has surrendered 2.2% to linger in the $93.36 ballpark, and option traders are rolling the dice on a steeper slide for the stock in the short term.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is in the bullish crosshairs today, following yesterday's news that the China-based search engine giant will acquire the online video unit of PPStream Inc for roughly $370 million.

China's Baidu.com, Inc. (ADR) (NASDAQ:BIDU) But is China really the economic superpower many have been hyping it as?

China's Baidu.com, Inc. (ADR) (NASDAQ:BIDU) Merrill Lynch went one step further, slashing its projections for GDP growth in China.

In the first three months of 2012, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) earned 85 cents per share on revenue of $677 million.

Beijing-based search engine Baidu.com, Inc. (ADR) (NASDAQ:BIDU) will report its first-quarter earnings after the market closes this Thursday, April 25.

The major market indexes are in the black this afternoon, as investors applaud solid housing data. Outside of homebuilders, some of the stocks in focus include Chinese Internet issue Baidu.com, Inc. (ADR) (NASDAQ:BIDU), tech firmQUALCOMM, Inc.