Baidu (BIDU) released its fourth quarter earnings. Revenue rose 136% to $34.8 million. Net income rose to $15.7 million.
According to China Internet Network Information Center, Baidu has 62% of China’s search market. Google (GOOG) has 25% and that share dropped last year
What remains astonishing is that the revenue of the most popular search engine in China is still so small. China has the second largest number of internet users in the world after the US.
It is equally puzzling that Google (GOOG) and Yahoo! (YHOO) are not making a more concerted push to take share from Baidu, even if the investment to do so is extremely large. The potential size of the market and current modest revenue of the rival would seem to make this the ideal time to invest heavily in driving up market share.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.