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.”
The Search channel is sponsored by ECNext.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post