Baidu already a strong played in China is set to increase its hold in the internet market in China because of google’s problems and analyst see a good rise in the BIDU stock this year.
Baidu, Inc. provides Chinese language Internet search services primarily in two countries i.e. China and Japan. The company offers a Chinese language search platform that enables users to find online information, such as Web pages, news, images, and multimedia files.
Baidu, basically means a "hundred times," is a leading Chinese-language Internet search engine (Baidu.com), with more than 70% of the local search market. It hosts a series of services, including news, MP3, and image search. Baidu earns nearly all of its revenues through online advertising services. The company also operates Baidu Union, a network of third-party Web sites, and Baidu Post Bar, a query-based searchable online community. Baidu entered the Japanese market with the 2008 launch of Baidu Japan, its Japanese-language search service
Baidu, Inc. serves SMEs and corporations, as well as e-commerce, IT services, consumer products, electronic products, machinery, manufacturing, medical, entertainment, education, franchising, financial services, real estate, ticketing, and tourism industries. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008.
Baidu.com ended the week trading at $448.80 +37.09 +9.01% on little less than average trading volume of 9.06 million. The trend for BIDU is upwards
Disclosure: i dont hold it presently.