Seeking Alpha
What is your profession? ×
Newsletter provider, ETF investing, long only
Profile| Send Message|
( followers)

By Tim Seymour

Baidu (NASDAQ:BIDU) announced this morning it expects to have 100 million users for its personal cloud service (PCS) by year-end.

Baidu's PCS includes NetDrive, which attained 30 million registered users on Jan. 18, 2013. Baidu's PCS product was launched in July 2012. Talk about leapfrogging technology in emerging markets -- who needs Cisco (NASDAQ:CSCO) and other networking companies when Baidu can just put all of China in the cloud?