2008/07/23

Baidu Q2 Income Up 87%

Wednesday, China's largest internet search engine company--Baidu (BIDU) announced that its second-quarter's net income increased 87 percent, driven by the strong traffic growth and online advertising revenue before the Beijing Olympic Games. After Baidu released the results, the stock jumped more than 10 percent. Look at the bidu's stock.
"Baidu" was inspired by a poem written more than 800 years ago during the Song Dynasty. The poem compares the search for a retreating beauty amid chaotic glamour with the search for one's dream while confronted by life's many obstacles. "…hundreds and thousands of times, for her I searched in chaos, suddenly, I turned by chance, to where the lights were waning, and there she stood."(众里寻她千百度,蓦然回首,那人却在灯火阑珊处). Baidu, whose literal meaning is hundreds of times, represents persistent search for the ideal.
Baidu shares 69% search engine market
in China. Similar, Naver shares 77% in South Korea. jp.yahoo.com shares 90% in Japanese.

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