Sunday, August 07, 2005
Media_Baidu, mix concept between China and Google
Chinese, especially IT enterpreneur, are excited about Baidu's skyrocketing price. Someone even praised it as the beginning of China to grow up. But see how market commentator in U.S. say about Baidu's price, you will get a conclusion on what is really happening now.
Mixed between the hot "China" and "Google", Baidu should know where its position is. This is not the era of Internet bubble, or maybe the second one.
The most cute one is this:
"This is a `son-of-Google' investor mentality. Everyone remembers they could have had Google at $85 and don't want to let it happen again."
---David Menlow, president of IPO Financial