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Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO,...

  • Monday, February 18, 9:16 PM ET
    Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO, has launched a search engine that encompasses Web, image, news, and (AMAP-powered) map queries. Unlike QIHU, which has grabbed ~10% of the Chinese market since August, Alibaba doesn't have a popular browser to drive traffic, but it does have several popular shopping sites and the eTao shopping engine. The launch comes as top rival 360buy closes a $700M funding round at a reported $7.25B valuation, a possible stepping stone to an IPO.
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This news story has 5 comments:

  •  
    "Alibaba is the latest firm to challenge Baidu "

    good for Alibaba, it has enough heft to do that.
    18 Feb, 09:21 PM Reply Like
  •  
    Yawn!!
    18 Feb, 10:28 PM Reply Like
  •  
    Whenever Alibaba goes public, it will be the market top.

    Jack Ma is an evil genius.
    18 Feb, 11:23 PM Reply Like
  •  
    its hard to make any money from Mr Ma.
    19 Feb, 08:38 AM Reply Like
  •  
    High profit margin attracts competition. BIDU has to work very hard to protect its search market share.
    19 Feb, 11:11 AM Reply Like
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