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Infojungle
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Baidu.com a search engine, the google of China surged by 354% when floated on the US Nasdaq market on Friday last week. The shares in the company raced up from $27 to $122 on the first day of trading. Funny enough, I wouldn't say Baidu is going to compete directly with Google itself because Google owns 2% of the company and even tried to buy Baidu.com before its IPO. Google again showing they have a hand in every pie.
Full Story courtesy http://www.internetnews.com/bus-news/article.php/3525711
Full Story courtesy http://www.internetnews.com/bus-news/article.php/3525711