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Technology Stocks : Baidu (BIDU)
BIDU 124.66+0.7%1:03 PM EST
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To: Trader-TV who wrote (1377)6/11/2010 2:19:26 PM
From: manalagi  Read Replies (1) of 2098
 
As big as Baidu (Nasdaq: BIDU) is in China, the country's leading search site plans to get bigger. An executive from the country's leading told reporters this week that Baidu is hoping to control 79% of the country's search market by next year.

Think about that. China contains 1.3 billion people; 384 million had online access as of the end of 2009. Now Baidu thinks that it can fulfill roughly four our of every five search requests originating from Mainland China.

Is Baidu being overly ambitious? Not necessarily. It presently commands nearly 65% of the market, with a fading Google checking in at 31% through the end of March. If Google is serious about being marginalized in the important yet restrictive Chinese market, it's certainly reasonable to expect Baidu to take roughly half of Google's slice, growing to 79%.

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