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July 28, 2005
China's Baidu next Google?
Next week Baidu.com, China's most popular search site will be heading for an IPO in the United States.
Baidu which will trade on NASDAQ made a profit of $1.5 US in the three months ended June according to a report by Wall Street Journal.
Google's IPO price was $85 on August 19, 2004 today it hit 317.80 on June 21, 2005. Some stock analysts are betting Baidu will perform similarly. Let us see....
Posted by admin at July 28, 2005 02:31 PM