Baidu May Be Valued At $800 million

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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