Asia Business Consulting

From Information to Strategic Knowledge by Asia Business Consulting ( What kind of jewels can you find in the news. And how great it is to have a company that fully uses those to support its primary research and consult your company strategically to really improve your business. This blog supports your business already. For more, talk to us - Asia Business Consulting. A better way to do business.

Tuesday, August 02, 2005

Baidu goes public

"Chinese search engine Inc., which counts Google Inc. as an investor, plans to list its shares on the Nasdaq stock market this Thursday in its initial public offering (IPO)."

This is good news for investors of Google, and for the Chinese Internet industry. Baidu, however, apparently faces financial challenges, since their revenue is still very low with US$13.4 million in 2004, despite the fact that they are one of the most heavily used search engines in China.

(By Asia Business Consulting)