Baidu (Nasdaq: BIDU) plans to officially release its right-side advertising system, “Phoenix Nest,” in the second quarter of 2009, reports qq.com citing sources. September reports said the new system, similar to Google (Nasdaq: GOOG) AdWords, would be released soon, but Baidu has yet to announce a release date. The report said Baidu planned to spend three years developing the new product, but has speeded the release in response to recent press.

Technorati Tags: AdWords, Baidu, Google