Summary:

Baidu, the Chinese online search engine which filed for an IPO earlier this week (after some rumors that Google might be interested), with a…

Baidu, the Chinese online search engine which filed for an IPO earlier this week (after some rumors that Google might be interested), with a valuation that could reach $800 million.

“That’s not bad for a company founded in January 2000, with net income in 2004 of $1.45 million on sales of $13.4 million, up 224% compounded annually since 2002. In the first three months of this year, the company generated $5.2 million in revenue, according to a prospectus filed earlier this week. Baidu also boasts more than $23 million in cash.”

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