In a land of 1.4 billion, what would you expect? China now has over 500 million people plugged into the matrix, nearly double the size of the U.S. population, says Robin Li, CEO of Baidu (BIDU), China’s biggest search engine.
Baidu Inc. said late Thursday that fourth-quarter net income rose to 2.05 billion yuan ($326.3 million), or 93 cents a share. That’s nearly a billion dollars more than the $1.16 billion yuan Baidu earned in the fourth of 2010. Revenue, mainly from search ads, rose an impressive 82.5% to 4.47 billion yuan ($710.9 million) from the year-ago period.
Is there no stopping Baidu?
“With almost no real competition and an 80% market share, I would never bet against Baidu,” says Erik Lam, a broker on the Asian sales desk at Auerbach Grasyon in New York.
Like I said, don't be fooled by these crooks like a Goldman Sachs and other. They want you to get out so they can get in. Think about it realistically, China is four times the population of the United States, also look year over year growth of the company. They don't even need to go anywhere for competition outside of China.