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China-AsiaStocks Reports on Recent IPO Success of Baidu.
China-AsiaStocks Reports on Recent IPO Success of Baidu – Growing
Investor Interest in China, and Search Engine Viability Fuel IPO’s Surge.
Baidu Earns Position in Top 15 IPOs of all time.
POINT ROBERTS, WA, August 9, 2005 - China-AsiaStocks (CAS) an investor
and industry news portal for the China-Asia sector and
InternetSearchEngineStocks (ISES), a news portal for search engine
stocks, report on the recent IPO success of the Chinese search engine
giant Baidu (NASDAQ: BIDU). The stock’s performance on its first day of
trading, which saw the share price more than quadruple, placed Baidu in
the top 15 IPO’s of all time.
Experts believe that the increased interest in China’s growth potential,
combined with the enthusiasm associated with Internet search technology,
has helped to push this IPO higher than any US IPO in the past 5 years.
Internet usage in China has grown approximately 357% since 2000 and yet
the penetration rate still remains low, leading many to speculate on
continued growth opportunities. According to Internet World Stats, as of
June 2005 there are an estimated 103 million Internet users stemming from
a Chinese population of approximately 1.3 billion, representing a
penetration rate of only 7.9%. The Baidu IPO has also gained attention
through its similarities to Google who owns 2.5% in the Company. Despite
the fact that both Google and Yahoo have a notable presence in China,
many see considerable value in Baidu as a specialist in Chinese language
search, a valuable asset as the growing numbers of Chinese pages are
anticipated to eventually outnumber English pages on the Web.
The CAS and ISES websites do not make recommendations, but offer unique
free information portals to research news, exclusive articles,
interviews, investor conferences and a growing list of participating
public companies in each sector.
China-AsiaStocks offers investors research, news and links to public
companies within the China-Asia sector. Click here for a partial list of
companies doing business in China-Asia:
China-AsiaStocks /Research/Industries/Article/China-AsiaStockList.asp
InternetSearchEngineStocks includes a growing list of public companies in
the sector. Click here for a partial list of companies involved in the
Internet Search Engine industry:
internetsearchenginestocks /ISES/Stock_List.asp
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For more information contact:
Dawn Van Zant 800.665.0411
Ann-Marie Fleming 866.725.2554
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About the author:
The CAS and ISES websites do not make recommendations, but offer unique
free information portals to research news, exclusive articles,
interviews, investor conferences and a growing list of participating
public companies in each sector.
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