Baidu -- So Focused

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Features: Baidu may become the best IPO of the year. — Cantor Fitzgerald analyst Sal Morial 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 Baidu completes its initial public offering, its market value could reach $1 billion, which is 25 times the company's expected revenue of $40 million in 2005. — Partner at Black Inc. China, Matt Comings 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 of Chinese internet listings this year, opening up a new atmosphere for the entire Chinese internet. — Founder, CEO of Blogcn.com On August 5, 2005, Baidu Online Network Technology Co., Ltd. (NASDAQ: BIDU), China's largest internet search service provider, officially listed on the NASDAQ, issuing 4,040,402 American Depositary Receipts. The next day, Baidu's IPO surged by 354% 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 inspire frenzy. This book will introduce the growth journey of the legendary returnee Li Yanhong, as well as 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, the so-called "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 invest in technology development? Amidst the hype, what cold reflections has Baidu brought to IT professionals both domestically and internationally?