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Chinese Search Company Baidu Files for NASDAQ IPO

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Baidu files to go public on Nasdaq from SiliconBeat covers Chinese search provider Baidu filing for an IPO on the NASDAQ. The company hopes to raise $80 million with the offering. SiliconBeat's post also contains links to the prospectus and some discussion about what US copyright laws, if any, Baidu might be subject to regarding music downloads.

Google is a minority investor in Baidu, and its interest was covered recently in our Google CEO Schmidt Visits China Interest In Baidu Buyout? post. Other related posts from us are Local Search Goes to China and Baidu Beginning Work on a Film Search Engine.

See also Baidu.com, China's Market Share Search Engine Leader, Files for NASDAQ IPO with U.S. SEC (hat tip, Shak) for more background on Baidu, including cofounder Robin Li's Infoseek roots.


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