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Baidu, Inc. Message Board

  • justinr1005 justinr1005 Oct 25, 2005 8:32 PM Flag

    Think I'll keep BIDU for a long

    long time....

    Lu Sun, an analyst with Lehman Brothers in Hong Kong, agreed the investment from Google would help Baidu elevate its profile among global investors.

    Li said Baidu would increase business co-operation with Google in the future, but he declined to comment on the possibility of selling his company to Google.

    He added because of the partnership with Google, Baidu would virtually build an entry barrier for any other search engine provider to overcome in the Chinese market.

    For Google, which previously faced a great challenge from Baidu in China, the deal will help it ease competition and get to better know the market.

    "This is perhaps a preliminary equity alliance that may signal further co-operation in the future," said Sun of Lehman Brothers.

    Henry Yang, president of Shanghai iResearch Co Ltd, a professional Internet market research house, agreed that the Google investment would help the US giant test the waters in the Chinese market.

    "This will give a chance for Google to see the operations of Baidu and then decide if it is better to acquire Baidu or develop the market by itself," said Yang.

    Another US Internet giant Yahoo! acquired Hong Kong-based 3721 Network Software Co Ltd, which controls another major Chinese search engine provider Beijing 3721, in November for US$120 million.

    According to iResearch, the search engine market in China will grow from last year's 500 million yuan (US$60 million) to 840 million yuan (US$101 million)this year.

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