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Monday, August 15, 2005 

Internet - Baidu vs Google

Baidu.com, China’s largest Web search company, had an exciting Nasdaq debut Friday with shares almost quadrupling in a surge that surprised even the most optimistic market analysts. Shares closed at $124, a huge gain from the initial offering price of $27 per American depositary share.

Bloggers quickly tried to make sense of it all, some attributing the phenomenon to comparisons between the Beijing-based company and search leader Google, which owns 2.6 percent of Baidu. Others are calling the stock overvalued, noting that China accounts for just a tiny fraction ($150 million) of the $8 billion global search market. And others say the price surge shows how China is becoming the next great Internet marketplace. China is the world’s second-largest Internet market with about 100 million users.

The 5-year-old company’s name comes from an ancient Chinese poem about a man in search of love. With Friday’s performance, he’s likely to have many suitors.

Very nice site! »

Where did you find it? Interesting read »

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