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Baidu's CEO Pursues Long-Term Growth

     
7:43 am on Aug 4, 2010 (gmt 0)

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Robin Li gives some insight into Baidu's near-future strategy:

Baidu's CEO Pursues Long-Term Growth [online.wsj.com]

Mr. Li, a soft-spoken 41-year-old engineer who co-founded Baidu in 2000 after a stint in Silicon Valley, dismisses concerns that growth in Baidu's core China search business will dry up anytime soon. With more than two-thirds of China's population not yet Internet users, Mr. Li says search advertising will remain Baidu's main growth driver for five to 15 years.

But he is looking to develop other revenue streams, including overseas and from ads on content pages created by Baidu or partners. He would also consider buying foreign Internet companies.
4:08 pm on Aug 4, 2010 (gmt 0)

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Ooh Ooh Ooh, Buy Me! Buy Me! Buy Me! LOL
I just love how it easy it is for E-Companies these days to say "We'll just buy another company" like they're trading baseball cards or something.
6:11 pm on Aug 4, 2010 (gmt 0)

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Hah ~ further more, Mr. Li pledged to redouble efforts to seek government assistance to spy on Google, and to once again attempt to revoke Google's license to operate a search engine in China ;)
8:00 pm on Aug 4, 2010 (gmt 0)

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Compare the performance of BIDU with GOOG stock over a period of last 2 years, it is clear that GOOG has given almost 0% return compared with solid returns given by BIDU. So a lot of people in the markets (experts?) believe that Baidu is a winning horse and google is past its prime.

Google [finance.yahoo.com]
 

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