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May 18, 2004
Baidu vs. Google -taking a page from your competitor's playbook
Chinese Google, Baidu, eyes IPO - The Unofficial Google Weblog - google.weblogsinc.com
We've seen a lot written about Google's new plays - Dragracing others on gmail and moving toward becoming more of a Platform. But here is an interesting development. In China, Google dragraced and lost. To a start up called Baidu that was built on only $11MM. Baidu's president has the right spirit for this play: "As a scientist by training, I am a little bit obstinate and I wanted to know how best I could use my talent... The most effective weapon for us is continuous upgrading of our technology and enrichment of our function. Then users will decide who is the winner."
Reading directly from the Google book, Baidu began generating profits last year and 80 percent of the revenue came from paid listings.
Posted by johnza at May 18, 2004 06:05 AM
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