While Baidu, a search of China is in the benefit when we threaten to go, technical director of this company resigned. This is a loss of 2 of Baidu in 10 days.
Baidu news was published yesterday, said Yinan Li chief technology officer resigned for personal reasons. Today 8/1, CEO of Baidu is also rũ Peng Ye clothes leave. Public opinion to turn that talent is leaving Baidu do disagree with the changes in its business methods.
Since April last year, Baidu apply new search platform called Phoenix Nest, with the purpose of classification and placement of advertising pays a special position. Despite its goal to increase profits, this change makes customers admiration that Baidu is placing money over their interests.
Site Search baidu.com outside the U.S. website has largest number of users in the world.
As a result, many farewell to switch to use Baidu’s search network. Quarter 4 in 2009, this company only accounts for 58.6% market share in online search in China, compared with 63.9% in the number of the previous quarter. Feedback in October last year, Baidu warned their fourth quarter sales could decrease by 7%.
Baidu is the failure of the success of Google. While the number of users of Baidu off, Google’s market share increased from 31.3% to 35.6% in the period.
By the end of 2009, China has about 384 million netizens, more than the population of the United States. Online search market of China is 1.1 billion valuation.
However, some recent events between the two sides make local becomes difficult to guess. Since Google Opportunities China today 12/1 to date, deposit receipts in the U.S. (ADR) increased by 21% of Baidu. ADR is a receipt for foreign companies in the U.S.. The American investors do not necessarily buy that just ADR shares of that company and the transaction as the stock market.
Last week, Credit Suisse forecast that the Google is going great opportunity for Baidu. However, the cost of the service search engine Baidu over Phoenix Nest platform is too high compared to many people. Therefore, for the opportunity to share smaller competitors in China as Soso, Sougou and Youdao.
