This is my blog where Iam going to talk about things in the tech world.

Showing posts with label china. Show all posts
Showing posts with label china. Show all posts

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.