« And of course with easy payment terms... | Main | Summer syllabus »
August 04, 2005
Baidu: Direct Competition as a Way to ...Get Acquired?
... or at minimum to increase your stock price.
Although maybe not a classic dragrace (in the sense of directly comparing oneself as a means of attracting attention), Baidu can definately pride itself on beating Google in China. And Google continues to loose share there.
Baidu announced last month that they would be IPOing (click here to see the notes from their roadshow). Interestingly, they recently raised their price range. And despite/or maybe because of all this competition with the world's hottest stock rumors continue (a year after Google bought some shares in Baidu) that Google may just through in the towel and buy Baidu.
Whatever the outcome, we love that this kind of competition keeps the leader (who prides itself on being scrappy and nimble) on its toes and that being a scrappy, nimble player has big rewards.
Hat tip to the Internet Stock Blog and the China Stock Blog.
(Note: we are partial to the Baidu folks - aside from being really smart, aggressive and nice, they also endorsed our book.)
Posted by johnza at August 4, 2005 10:13 AM
Trackback Pings
TrackBack URL for this entry:
http://www.geekfishing.net/cgi-bin/mt-tb.cgi/1534
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)