Hello, Fool! | Login | Signup | My Fool
Aug 30, 2008 7:37 AM ET | Site Changes | Help
A Chinese language Internet search provider.
View All Commentary (BIDU)
Recs
stocker111 (87.53) Submitted: 8/24/06 4:10 PM : Start Price: $78.95 BIDU Score: 298.29
might be the only one out there that believes in this company - as it's got 1 star as of now. Rumor has it that it's incredibly overpriced - overvalued and that may be the case, but I've got confidence that this guy is gonna kick some ass over in China. The search engine that BIDU uses isn't over in china yet. The next big GooG? I'd like to hope-
Report this Post Replies: 4 | Reply
Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
stocker111 (87.53) Submitted: 9/15/06 4:47 PM
Recs: 0 | Rec This
SAN FRANCISCO (MarketWatch) -- In the battle for the Chinese search, Google Inc. continues to be flummoxed by leading local engine Baidu.com Inc., according to a new survey.In addition, Google rival Yahoo Inc. seems to be having more success when it comes to winning new customers within the three largest markets inside the Asian economic powerhouse, according to new findings by China Intelliconsulting.The firm found that in Beijing, Shanghai and Gungzhou, China's most mature Internet markets, Baidu's (BIDU, Trade) share of Internet search climbed more than 13% since last year, and now stands at 65.4% of all Web-search queries.Meanwhile, Google's share of Internet search in the three cities has so far dropped 12% this year, to 20% from last year's 32%.Google (GOOG, Trade) didn't immediately respond to an email seeking comment on the Intelliconsulting findings.Yahoo's (YHOO, Trade) had more success in China, it appears. China Intelliconsulting's survey found that its market share now stands at 5.4%, up about 1.7% from last year.Google's apparent failure to grab a toehold in China is troubling to the company and its investors, mostly because the country is considered in some circles to be the world's largest and most financially potent Internet community.Indeed, there already are more Internet users in China than anywhere else in the world, yet the percentage of Chinese citizens with online access is still very small, signaling lots of room for growth.Making the Chinese troubles more serious is how much Google has sacrificed to gain more market share there.Google's reputation for not bowing to government demands has taken quite a hit, since it was disclosed in January that Google's agreed to censor some results from its Chinese search engine at the behest of China's government.It's since been criticized by several U.S. lawmakers and entities such as Reporters Without Borders, which also tongue-lashed Yahoo for cooperating with Chinese authorities.
Report this Post Reply
bigalf123 (90.88) Submitted: 12/11/06 9:19 AM
me to
leperking (94.96) Submitted: 6/29/07 7:08 PM
I agree.Even if P/E ratio of BIDU is still very high (more than 100), growth potential is tremendous. For 2007, many analysts estimate that revenue growth will still be a 3-digit.Just imagine earnings growth ...
leperking (94.96) Submitted: 6/29/07 7:10 PM
Terms & Conditions
RSS Headlines
Fool UK