Baidu: So focused

Author: Dongshan Qiaofu
Publisher:
Publish Date: 2005-11-01
Features:
Baidu may become the best IPO of the year. —Analyst Sal Morier at Cantor Fitzgerald
If Baidu's value at the time of its IPO is between $600 million and $700 million, it would be normal and could even be higher. —Founder of CurrentOfferings.com, Tom Towley
After completing its initial public offering, Baidu's market value is expected to reach $1 billion, which is 25 times the company's projected revenue of $40 million in 2005. —Partner at Black Inc. China, Matt Cummins
We are looking for the next Google, and I firmly believe it will emerge in China. —Mary Meeker, Managing Director at Morgan Stanley
The successful IPO of Baidu will break the six-month silence in Chinese internet listings this year, opening up a new atmosphere for the entire Chinese internet. —Founder, CEO of Blogcn, Fang Xingdong
On August 5, 2005, Baidu Online Network Technology Co., Ltd. (NASDAQ: BIDU), China's largest internet search service provider, officially went public on the NASDAQ, issuing 4,040,402 American Depositary Receipts. The next day, Baidu's IPO saw a 354% increase on its first day of trading, ranking 18th in U.S. IPO history and setting a new record for overseas IPOs. From then on, Baidu had a reason to drive people crazy.
This book will introduce the growth journey of the legendary returnee Li Yanhong and how he used a blend of Eastern and Western cultures to shape the fate of Baidu. Why did Baidu go public? After going public, what was the fate of Baidu, known as the "Chinese Google"? Some say Baidu's IPO was a milestone for Chinese internet, but does going public truly represent success? What choices will Li Yanhong face—whether to let the stock price continue to rise or to invest in technology development? Amid the hype, what cold reflections has Baidu brought to IT professionals both domestically and internationally?