Baidu Inc (ADR) (NASDAQ:BIDU), the leading Chinese language Internet search provider, today announced that its board of directors (the “Board”) has recently received a non-binding proposal from Mr. Robin Yanhong Li (“Mr. Li”), chairman and chief ...
Baidu (NASDAQ:BIDU) has grown to become a $70 billion company (by market cap) and one of the most visited websites in the world, largely on the back of being excellent in one business in one geographic region.
Baidu (NASDAQ:BIDU) made its name (and created billions of dollars in shareholder value) mostly in online search. If CEO Robin Li has his way, the next major avenue for growth is in online-to-offline, or O2O, transactions.
Baidu (NASDAQ: BIDU), while down significantly from its all-time highs, remains one of the most prominent and powerful Chinese companies, with a market capitalization of around $50 billion and huge domestic reach.