The strength of Chinese search engine Baidu in the Asian market – beating Google in the valued China market – has been reflected in investor confidence it seems. While Google made back some of their recent drop in value, it is the 78% rise in Baidu over the past month that is truly impressive.
The Motley Fool asks “Do You Believe in Baidu?” And seem to present a good argument to do so.
“Baidu has been on the move in many ways, expanding outside its search engine stronghold with recent forays into instant messaging, consumer auctions, online games, and even a bold leap into the mature yet lucrative Japanese search engine market,” they report.
Nice to see another engine growing in a Google like manner, both financially and corporately.