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David Liu, managing director of technology investment banking with Broadview, a division of Jefferies & Co., said Chinese companies are often reluctant to accept a buyout before they determine their growth prospects.
"If Baidu gets a crazy number from Google, they'll have to consider it," said Liu, cautioning that he has no specific knowledge that Google is weighing a move on Baidu. "But one of the challenges with Chinese companies is that they're growing so rapidly it's a difficult decision to make. For the Chinese clients I've worked with, M&A has been a secondary option because growth prospects are so high and the best is yet to come."
If Google pay more money to China government, and the communication department won't BLOCK Google's site, then Google will win more customers from China, and defeat Baidu easily.
Google must put a server in China. We often couldn't open Google's webpage in China. That is vital problem. In China, Google is losing lots of visitors due to network connection.
Signs of the dot bomb happening all over again, with typical asian speed.
If Li Ka Shing invests in Baidu .. you know we're headed towards a bubble. (Someone remind me how much money Cheong Kong / Hutchison / Tom.Com / PCCW are sitting on.)
Google does have a better product overall, they're just not focused enough on the chinese aspect of it.
I think everyone in this thread is well aware of the fact that you do not need a better product to make things work in China. It is all a fine mix of politics, corruption (not just monetary.. gugagxi introduces corruption into systems) and being at the right place at the right time.
For now, Baidu has the magic mix and Google is a part of that magic.
>>>I think everyone in this thread is well aware of the fact that you do not need a better product to make things work in China. It is all a fine mix of politics, corruption (not just monetary.. gugagxi introduces corruption into systems) and being at the right place at the right time.
I think I am not very agree these kind of sentences here. In every country, especially on search engine market, you surely needs to have a good product to gain the market. I often use both baidu & google for the same search terms, because they will give me different results. It seems to me that Google might return a better search result at this momentIChinese is a special language which requires special technique for it, those PHDs on google had no idea about Chinese before. Google improved a lot on their Chinese search engine in past half an year.
There are two options for Google, said Schmidt. One is that Google holds shares of Baidu and the other is that both sides deepen cooperation, and Google would hold more Baidu's stakes or even set up a joint venture. This may lead to Google's takeover of Baidu, turning Baidu into its subsidiary in China.
The entire filing is huge, and I haven't read it all, but I did notice that Baidu's CEO, Mr. Li, "worked as a staff engineer for Infoseek, a pioneer in the Internet search engine industry, from July 1997 to December 1999." I'll have to keep looking to see if there are any other good tidbits in there.
It will pave the road for the later possible ones, leave them some experiences or valuable lessons to help them go public more smoothly and maturely.
I admire Baidu very much for their courage and insight. There may be a benign circle after the IPO.
As the prospectus said, the 8 mln will be used for new products development and network capacity expand.
I really hope Baidu will have a great successful IPO.
BEIJING -- Baidu.com takes its name from a 900-year-old poem but its ambitions are ultramodern _ to become the Chinese-language equivalent of Internet search giant Google Inc. Little known abroad, 5-year-old Baidu.com says it already is the world's sixth most-visited Internet site, thanks to a strong following from China's 100 million-plus Web surfers.
Now the startup founded by two Chinese veterans of American tech firms is preparing to follow Google's example with an initial public offering in the United States, hoping to raise $45 million. A date for the offering has not been announced.
word has it that the 1st week of August sees the IPO take place.
[edited by: Woz at 10:11 pm (utc) on Aug. 3, 2005]
[edit reason] Tidying up. [/edit]
Baidu sued over alleged copyright infringement [chinapost.com.tw]
Baidu.com Inc., China's biggest Internet search engine and part-owned by Google Inc., is being sued by two local companies over alleged copyright infringement, ahead of its planned first-time share sale in the U.S.
"The copyright issue has cast great uncertainty over Baidu's future business models and revenue," said Gu Feng, a technology analyst at Shenyin Wanguo Securities Co. in Shanghai. "This is something investors should take into account."
Personally I have my doubts about baidu in the long run, they do have a large market share at the moment but that has a lot to do with google not being very good for searching for things like music and news in Chinese (at least in comparison to baidu). But over time google (as well as yahoo) will find their footing in the chinese market and will fine tune their products to the chinese market. At which point I think they will have the reources to give baidu a very serious run for their money.