Friday, July 20, 2007
Baidu
Baidu has been booming in china, it has more than a 60% market share and is beating Google china in terms of usage. Baidu has a market cap. of more than $6 Billion and revenues of more than $100 Million, which is astonishing because just 2 years ago they had revenues of bearly $13 Million. Google and Yahoo! have less than 40% of the market in china and are losing market share everyday to baidu. Baidu suprisingly hasnt made any aquisitions or investments considering they have a billions of dollars worth of stock. Baidu announced plans to expand into other countries. I would expect Baidu to continue to grow at a remarkable speed.
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