Chinese search engine Baidu’s business model is similar to that of Google’s. Baidu major revenue depends on how much advertising budget that are spent through Baidu’s paid search auction system. On 1 Dec 2009, Baidu retires the old PPC system (Classic Edition) and switches over to the new system (Phoenix Nest).
Baidu (Nasdaq: BIDU)’s share prices has been steadily growing over the last one year, but how will this system switch affect Baidu (Nasdaq: BIDU)’s share prices?
- Baidu’s stock price will go up
- Baidu’s stock price will go down
- Baidu’s stock price will have no change
- I don’t know what will happen
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Check out Baidu, Inc. (Nasdaq: BIDU)’s company profile.