On November 8, after delivering a speech at the University of
Hong Kong, Robin Li, the CEO of Baidu.com, China's largest Internet
search engine, revealed there is still possibility the company will
be listed on the Hong Kong stock market and there are also plans to
explore the consumer market.
Li said it would be difficult for Baidu, an overseas listed
company, to return to the A-share market at present because of the
government restrictions on the Chinese mainland. Hong Kong,
however, may become the second place where the company is able to
get listed.
Li also said they have realized the Chinese consumer-to-consumer
(C2C) market has a large demand but the current online auctioneers
are not doing well. Through a mode integrating searches and online
communities, the company would fight against its rivals such as
taobao.com, ebay China, and paipai.com to make a presence in the
C2C market as early as next year.
It is possible that Baidu will expand its C2C business through
acquisition, Li added.
For more details, please read the full story in Chinese. (
http://www.dfdaily.com/node2/node27/node260/userobject1ai37733.shtml)
(China.org.cn November 9, 2007)
