Baidu Blasts To $600, But “Search” May Not Even Be A Business In China

rocketNext stop, the moon. Unless…

Shares of Chinese search engine, Baidu, which has a market share of about two-thirds of the internet users on the mainland, have risen from $170 a year ago to $609 today.The firm has a market value of $21 billion, which is about the same as Yahoo! (YHOO).

The stock has had all of this success despite the fact that there is only limited evidence that the search engine sector is a big business in China…

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