The identity of the mystery - Baidu is China business?though, Baidu in Nike Air Max 95 DYN FW the United States using the \u0026 ldquo; China's Google \u0026 rdquo; such a concept, really, I know of Baidu and Google have in common is perhaps the biggest of them are US-owned companies. Baidu company registered in the Cayman Islands, Baidu founder Robin Li holds a US green card, Baidu launched a venture capital investment in the United States, now holds more than 51 percent US-owned share in Baidu, so Baidu is a downright The US-owned companies. According to Baidu filed with the Securities and Exchange Commission of F-1 file, Baidu is divided into Part A and Part overseas in China. Overseas part one in the Cayman Islands, a company registered in the British Virgin Islands, they are US-owned, and is a subsidiary of Baidu registered in the country. Such subsidiaries registered presumably to avoid government regulations on foreign investment can not enter the field of public advertising and the like. US-listed Baidu course Foreplay: Development of Baidu Baidu's name derives from the Southern Song Dynasty poet ji (1140-1207) is a very famous words in the sentence: People look for him thousands of Baidu, when I look back, that person is in dim light. Company (Baidu.com, Inc) in January 18, 2000 incorporated in the Cayman Islands. The islands in the Caribbean, is a British colony, consists of three islands off the southeastern US state of Florida, not far. Cayman Islands in 1978 a royal decree, Decree always tax exempt obligations of the Cayman Islands, and therefore, the Cayman Islands, no taxes, either for an individual, company or trust industry not levy any taxes. Therefore, it also won the \u0026 ldquo; tax havens \u0026 rdquo; reputation. To ensure better control of the subsidiary and meet other needs, they are still another registered company \u0026 ldquo; Heaven \u0026 rdquo; \u0026 ndash; BVI (British Virgin Islands, BVI) \u0026 ndash; registered a shell company called Baidu Holdings Limited (Baidu Holdings Limited). Company founder Robin Li (Robin Yanhong Li) and Xu Yong (Eric Yong Xu), the former in 1991, graduated from Beijing University Information Management, and then to the United States to complete a master's degree from SUNY Buffalo in computer science. In the United States for eight years, during which the company has for the Dow Jones (Dow Jones \u0026 amp; Company) worked, Infoseek and other companies, is a leading expert in the field of next-generation Internet technology. Who attended the Department of Biology, Peking University in 1982, after the completion of a master's degree in 1989, biological, by the US Rockefeller Foundation PhD scholarship studying in the US, at Texas A \u0026 amp; M University, completed a doctorate, followed by the University of California, Berkeley postdoctoral any, is senior experts in biology. During the United States for 10 years, she has worked for two leading biotech companies (QIAGEN, and Stratagene), in charge of marketing, and won the Outstanding Sales Award. In total registered holding company Baidu.com, Inc simultaneously, the two in Beijing, China set up a wholly-owned subsidiary of Baidu Online Network Technology (Beijing) Co., Ltd. (Baidu Online Network Technology Company, referred to \u0026 ldquo; Baidu Online \u0026 rdquo; ). This is a foreign company, is Baidu in China's first operating entities, is responsible to the Chinese enterprises P4P (pay-for-performance, keyword PPC) services and search solutions, and to provide technical support Baidu Netcom . Because Chinese law on foreign companies in China engaged in Internet services have limitations, therefore, the two then on June 5, 2001 Genuine Nike Air Force 1 Unisex White Pink Shoes in Beijing, China set up a second operating entity \u0026 ndash; Baidu Netcom Science and Technology Co., Ltd. (Baidu network technology company, referred to as \u0026 ldquo; Baidu network \u0026 rdquo;). This is a limited liability company funded by Li and Xu Yong holding 75% and 25%, Air Jordan 9 respectively. It won the Chinese government websites and online advertising business license, specializing in website operators and online advertising business, we know Baidu.com and Hao123.com are subordinate to it. To further consolidate its position in China, in June 2005, Baidu companies in Shanghai, China set up a second wholly-owned subsidiary - Baidu China Co., Ltd. (Baidu China Limited, generally referred to \u0026 ldquo; Baidu China \u0026 rdquo; ), and plans in the future to be responsible for business in South China. Baidu in June 2000 officially launched its Chinese search engine. Then, we have provided a comprehensive search service to Sohu, Sina, 263, tom.com other well-known Chinese websites, and growing rapidly. October 2001, Baidu launched its own search engine PPC services. The following year in July, introduced the industry's first \u0026 ldquo; competitive intelligence system \u0026 rdquo; software, and began to NetEase to provide services. So far, three major portals use Baidu's search service, its position in the Chinese market highlighted. Next, the company has launched a mp3 search, image search, news search and other specialized search services, has become the dominant Chinese search market. Prior to the listing, Baidu has conducted three financing. The first two in 1999 and 2000 at the beginning of its establishment, the amount of financing were $ 1,200,000 and $ 10,000,000 (Draper Fisher Jurvetson ePlanet Ventures [Draper Fisher Jurvetson e Star venture] and IDG Technology Venture Investment [IDG Venture investment fund]). The financing is the third time in June 2004, a total of eight companies participated in the financing, including the famous search engine Google's $ 10 million strategic investment. By the end of 2004, Baidu's total assets of $ 31.68 million, sales reached $ 13.4 million, net income was $ 1.45 million, since 2002, the annual growth rate of 224%. In the first three months of this year, which, Baidu income reached $ 5.2 million, full-year is expected to exceed $ 30 million. Climax: the US NASDAQ listed Baidu Beijing the evening of 5 August 2005 11:40, Baidu officially listed on NASDAQ in the United States. Its underwriters Credit Suisse First Boston (CSFB) and Goldman Sachs (Goldman Sachs), both Wall Street's top investment banks. The well-known investment advisory firm Piper Jaffray also involved in it. The total sale of 404 million shares of listed Baidu American Depositary Share (ADR, American Depositary Receipts), American depositary share represents one Class A ordinary shares, representing approximately 12.5% of its total share capital, project financing of $ 109.1 million dollars. According to Baidu's prospectus submitted, the company issued a total of 3230 million shares, divided into three categories \u0026 ndash; American Depositary Share (ADR, comparable to one ordinary share), ordinary shares (A shares) and preference shares (B shares, have a greater right to vote, it was 10 times that of ordinary shares. and readily converted into ordinary shares if they are sold shareholders, then naturally converted into ordinary shares). Issue price of shares is set at $ 27. On, and cool: Winners of capitalist society, technology and labor, just as the proliferation of capital services. Since the application of technology can make to improve labor productivity by leaps and bounds, so that capital available relative surplus value greatly increased, therefore, technology is a powerful tool of capital proliferation. Although the technical founder invention of new technologies and technology companies have an important role indelible born, but let technology to market profitably, without injecting money capital is almost impossible. Because in a capitalist society, all factors of production are required to buy the currency. The money-capital investment are, naturally, it will require technological achievements shares or new technology companies occupy part in the start-up of power and money of investors who disparity in the case, which may even require absolute control. Professional technology company because of its technological achievements that can be widely used, and therefore, if successful, the speed of its development is also more alarming than the traditional enterprise. This makes investments in emerging technology companies, has obtained extraordinary returns possible. Although small and medium sized technology companies initial investment is very risky, but the temptation of double protection in sound investment mechanism and property right system and high return on the invested their bodies still maintained a high enthusiasm. The success of any technology company in the listing of the biggest winners are undoubtedly early investors, start-up staff and listed service providers, this time in the US NASDAQ-listed Baidu (Nasdaq: BIDU), is no exception. 1. Draper Fisher Jurvetson ePlanet Ventures (DFJ ePlanet) as Baidu largest shareholder, holding 25.8% stake in the listed company of US venture capital firms - Draper Fisher Jurvetson \u0026 ldquo; e Star \u0026 rdquo; investment company - is undoubtedly the largest US-listed Baidu winner. The company's largest investors as Baidu, Baidu although start-up phase (September 2000) put a lot of money, but compared with the current market value, is simply not worth mentioning. We Baidu company's 2004 consolidated financial statements 2015 Latest Nike Shoes for instance, by the end of 2004, the company's total assets of only about $ 31 million, shareholders' equity of course, only less. And in the day's market capitalization of listed equity value DFJePlanet owned and more than $ 1 billion, it turns out to be the Midas touch. And, as the largest shareholder, we have also successfully completed the Baidu highest authority \u0026 ndash; Board \u0026 ndash; control. Remove the five directors of the two independent directors Ding (CICA) and Greg Penner (Greg Panna, Peninsula Capital [peninsula capital], Baidu's third-largest institutional shareholders), the remaining three directors including Two are from DFJ ePlanet: Asad Jamal (.. Arshad Jamal, Draper Fisher Jurvetson e Star-founder, chairman and managing director of its personally, showing the degree of attention of Baidu.), Jixun Foo (Draper Fisher Jurvetson e Star Director). 2. Company founder Robin Li and Xu Yong cash of about 25 million shares, respectively (the opening price terms, amounted to $ 16.5 million) and about 16 million shares (opening price terms, there are nearly ten million US dollars), the two still will each hold There Baidu's 22.9% and 7% of the shares. In other words, it will become the new billionaires, into Chinese tech elite ranks. 3. Underwriters Credit Suisse First Boston (CSFB) and Goldman Sachs (Goldman Sachs) two companies not only charge high fees (7 digits or more), and may obtain preferential rights shares (which is almost Listed Service providers recognized privilege). Two incomes are added, bound to both rewarding. 4. Other institutional shareholders along with the stock soaring, including Integrity Partners (honest partnership investment company, holding 9.7%), Peninsula Capital (peninsula capital, holding 8.5%), IDG Technology Venture Investment (IDG Technology Venture Investment Fund, holdings 4.2%), Google (pre-IPO shares 2.6%), etc., institutional investors will also have the opportunity to get a good return. 5. Baidu executives some of its staff members of the senior management team most about 1% of the shares, including: CTO Liu Jianguo 0.9%, CFO Shawn Wang 1%, COO Bo Zhu 1%, Liang Dong, vice president of 0.4%. The shareholding of other employees is estimated at between a few thousand to several million, in general, we have a good return. A few happy tears: losers were technology for the public, for the production of services, so as a tech company, Baidu's market, and not to mention who are the losers. If you really want to say, the domestic search technology company and in the high Baidu shares held by people who claim to be a loser. The former due to the rapid growth of Baidu, will increasingly feel the growing pressure of competition in the long run, there may be squeezed out of the Chinese search market. For the latter, once Baidu's shares fell sharply, the direct economic losses will also be very Original Nike Force 1 Mens Gray Pink Shoes painful. Special Valentine: Google will buy Baidu it? Overall, I think the possibility of Google's acquisition of Baidu is very small. However, in order to better achieve their strategic, it might be part of the equity holdings of Baidu. Because: 1. Baidu currently offers products and services mostly mimic Google, and the product line is concerned, and Google is not rich and comprehensive. Therefore, Google is absolutely no need to spend money to acquire and own a similar, but weaker than their own Baidu. Furthermore, Google is building its own brand very seriously, if the acquisition of Baidu, is not easy to integrate. 2. Although Baidu in the Chinese market is now in a dominant position, but Google influence and technological dominance in the world, is still short of the reach of Baidu. In Google, MSN Search, Yahoo! Search, Alexa and other search biggest names in the attack, Baidu's difficult to imagine the success of the world. And these companies but it will slowly penetrate the Chinese market, a little bit of Baidu's market share eroded. Powerful object like Google, is very likely to win in the same global dominance in China. Well, for a possible defeat at the hands of their own rival, Google acquired Baidu, what is the point? 3. The parties are competitors, but does not exclude the possibility of cooperation. Baidu, after all, rooted in the Chinese market for many years, a relatively rich and relationship marketing resources, and as a technology known for Google, in order to more smoothly into the Chinese market, in cooperation with Baidu Authentic Nike Air Force 1 Unisex White Gold Shoes is also very strategic meaning. If Google Baidu equity holdings and posted by a member of the board of directors, it will be one feasible means. 4. After Baidu listed on the stock price soaring, the cost of acquisition is very large. Even if Google are willing to buy Baidu, nor can choose to start in the near future. 5. From some time ago, Google hired Kai-fu Lee, a former Microsoft vice president of the formation of the Chinese team event view, Google is going to be in China to flex its muscles. This is from a side note, Google's acquisition of Baidu, and there is not much interest. Afterwards smoke: Some noteworthy 1. First thing to say is that this market is in the Cayman Islands-registered Baidu.com, Inc (Baidu company), not in the Chinese business websites and online advertising Baidu Netcom (Baidu network, we know www.baidu.com It is responsible) or business search technology and services Baidu Online (Baidu Online). The front also said, Baidu.com, Inc and Baidu Online are foreign companies, while Baidu Netcom is a limited liability company in China, both in China and in the treatment of rights is very different. It must be clear please. 2. Board general are the highest authority of the joint-stock company, and in Baidu, Robin Li, including other executives no one on the board! This shows that in Baidu, power investors is very large. The Google company's nine directors, three come from Google, two founders of the list. Baidu five directors were: Asad Jamal, Jixun Foo, from DFJ ePlanet [Baidu largest shareholder], Scott Walchek (Scott Walter Cech from Integrity Partners [honest partnership investment company], Baidu's second-largest. institutional shareholders), Greg Penner (Greg Panna, independent directors, from Peninsula Capital [peninsula capital], Baidu's third-largest institutional shareholders), and AsiaInfo (AsiaInfo) of Ding (independent director). 3. According to Baidu company with the US Securities and Exchange Commission (SEC, Securities and Exchange Commission) prospectus may know, the issue in the United States is only the corresponding Class A shares of ADR. Thus, A, Jordan Flight 45 B shares not fully enter the circulation. Moreover, the vast majority of stocks have accepted the \u0026 ldquo; Lock \u0026 rdquo; (Lockup) limits the period prior to this, the stock of operability and conversion is very low. \u0026 Ldquo; Lock \u0026 rdquo; restriction period is divided into two parts, the first part of the 180 days, the latter part of 540 days (or three 180 days). As a rule, every 180 days, allowing a 25% stake can be formally put into circulation. 720 days to achieve full circulation. When circles, Baidu (BIDU) before they can be regarded as a stock on the NASDAQ truly open market free trade. 4. In view of the US-owned company after the listing of the shares has exceeded more than 51% of which DFJ ePlanet (California) 25.8%, Integrity Partners (California) 9.7%, Peninsula Capital (Detroit, Michigan) 8.5%, IDGVC ( IDGVC rooted in China, but its parent company, IDG, Boston, Massachusetts from United States) 4.6%, Google2.6% (prior to listing, California). Therefore, Baidu said it should be an accurate founded by the Chinese to focus on US-owned search engine technology company's business in China. 5. DFJ relations in the US government's simple. The company's predecessor \u0026 ndash; Draper Investment Company \u0026 ndash; founder William H Draper general, has held various senior positions in the US government after World War II, the official US Army vice-chief. And presided over the post-war economic recovery in Japan and Germany, an important figure (the Marshall Plan). This person in the US venture capital industry is also quite well-known, is the first West Coast venture capital group of experts. The agency listed in the Baidu incident must play a pivotal role. Like Goldman Sachs (Goldman Sachs) and Credit Suisse First Boston (CSFB) top predators such as Wall Street will sell 38-year-old technology such young Li's account, I think in addition to the reasons for the money, relationship DFJ also played a certain role huh, huh. 6. Class A shares and Class B shares have different voting rights, which is 10 times the former. The B shares of restricted distribution, so Li (he was one of B shares held by more than 550 million), Xu Yong, Liu Jianguo, Zhu Hongbo, DFJ ePlanet and so gained control of the company's strengths. As long as he does not sell its own B shares of stock, then they will have to maintain a very high voting rights in the company Baidu. 7. To protect their own interests, Li, Xu Yong, Liu Jianguo largest individual shareholder and several have set up a special company to achieve its own equity management. 8. Baidu's most mysterious place in that relationship of Baidu Online and Baidu Netcom. They made contact with a number of undisclosed contract, outside poorly understood. Baidu also want to better understand the comrades, can start from here to study. 9. Venture capital during this financial development of new technology companies, has played an increasingly important role here has its positive side and worthy of recognition. At the same time, these investors in technology companies control more powerful, IDGVC is an example in China. It has fully reflected the dominance of money capital in a capitalist society. Original cited: http: //alexhuang.org/ p = 36?