Would-be Chinese Google 'Baidu' makes a splash on Wall Street!

[Dashken]

NEW YORK (AFP) - Chinese search engine Baidu.com has made a big splash on arrival on the US stock market, surging a spectacular 354 percent, recalling the heady days of the dot-com boom of the late 1990s.

By an hour after it made its arrival on the Nasdaq, at midday, the share, traded as a certificate of deposit, had already tripled its value, and some analysts nicknamed it the "Chinese Google."

The certificate ended its first session at 122.54 dollars, almost five times its 27-dollar starting quote.

It was the first time a share finished its first session above 100 dollars since Google began trading in 2004.

Baidu, its name inspired by an ancient poem, refers to a quest for the ideal. Now five years old, it is the sixth most visited site worldwide, and number two in China.

Source: http://news.yahoo.com/s/afp/20050806...rnetchinabaidu

[Max_87]

baidu.com is very famous among the ppl in China I didn't know anything about this search engine until I saw a person inside a PC shop using it.