Tuesday, February 01, 2005

China's largest Web search engine Baidu plans IPO

From Financial Times: Chinese search engine Baidu.com plans $200m IPO

"The company, in which Google holds a stake, is backed by US venture capitalists and is believed to have appointed Credit Suisse First Boston and Goldman Sachs to manage the initial public offering. It is likely to take place on Nasdaq or the New York Stock Exchange"

"An IPO by Baidu, which controls nearly half of China's web search market, would present international investors with a choice between the vast potential and huge risks of the country's internet sector. ... But it is unclear whether Baidu can retain its current hold on the market, as Google's own Chinese search engine and three different Yahoo! search services have been making inroads in China." Read more

2 Comments:

At 9:09 PM, Blogger cc Infopage said...

Yahoo News

Microsoft, Yahoo Reportedly Ready To Link Instant-Messaging Services (TechWeb via Yahoo! News)
Microsoft and Yahoo are expected to announce Wednesday interoperability between each other's instant messaging service, a move that could dramatically change a market that's been dominated by America Online Inc., a newspaper reported.


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