Baidu Stock Price Reached New High
Source: available at http://finance.yahoo.com/q?s=BIDU, accessed 8 October 2007
Baidu is an extraordinary China search engine company by any measure. It dominates the search market not only in China, but also the Chinese speaking community. Most recently, Baidu stock price also reached a new high, rocketed to nearly $330, more than tenfold since its $27-per-share IPO. I’m not sure this is due to the buoyant mood of the investors or the stability of Baidu’s market share in China, i.e. the rising Internet market have much influenced on its stock price. Most important, it is a growth stock that did not disappoint its loyal supporters.
With respect to this issue, an analyst has predicted that Baidu stock price should rise to $400 by the end of next year, according to CNN. It seems that now is not consider as late to buy the Baidu shares.
October 17th, 2007 at 8:04 pm
[...] Baidu is at the critical point in this year. They have announced to build one of the biggest C2C (consumer-to-consumer) online trading platform, based on its search technologies. This move represented Baidu’s ambition to enter e-commerce market, resolve around the proposal that a search engine giant should diversify into several other areas and maximize the profits. While, they have established a strong market in China and the Chinese speaking community, this move is make a lot sense but C2C market doesn’t seem to be right choice for them. C2C market in China faced several obstacles, such as the problem of online payment, Chinese consumers’ habits, poor logistics systems, just to name a few. I wonder how they going to overcome all these obstacles and emerge as a new giant in C2C field as they had envisioned? [...]