Baidu It is something like the Chinese Google, and at the moment it is the most successful Chinese Internet Company. Growing fast: Qtrly Revenue Growth (yoy):111%, Qtrly Earnings Growth (yoy):400%.
Baidu.com has the same business model of Google, and it is actually gaining Chinese market share from Google. China daily: “market share of Baidu rose from 51 percent in August 2005 to 62 percent in Beijing, Shanghai and Guangzhou, the three largest cities in China, while that of Google fell to 24 percent from 33 percent “
Baidu has still great room to grow revenues. It has very small revenue (108.04M) for the main search engine of the second largest Internet market in the world (. This revenue can grow very much as Chinese advertisers start investing more to gain Chinese customers who are become more affluent.
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