Baidu.com - Google of China

[Infojungle]

Baidu.com a search engine, the google of China surged by 354% when floated on the US Nasdaq market on Friday last week. The shares in the company raced up from $27 to $122 on the first day of trading. Funny enough, I wouldn't say Baidu is going to compete directly with Google itself because Google owns 2% of the company and even tried to buy Baidu.com before its IPO. Google again showing they have a hand in every pie.

Full Story courtesy http://www.internetnews.com/bus-news...le.php/3525711

[temi]

Have a share in baidu.com is a smart move on Google's part. Most of the time local company founded by local people know their own market much better than foreign company. I was in Poland a few months ago, apparently there is a local online auction site in Poland that is far more popular than eBay in Poland. The main reason was that this local auction site accepts COD (cash on delivery) and does not insist on members having a credit cart which ebay Poland insist on.
Good luck to baidu.com