Chinese search portal Baidu is going ahead with its awaited Nasdaq IPO. Google is an investor in Baidu, and a recent competitor in China. It's hard to tell what Baidu is all about with no comprehensive English interface, but there is enough English on the main page to make it clear that Baidu specializes in one area in which Google is weakest: music. Right below the search box Baidu has placed selection buttons for MP3, WMA, and RealMedia files. MP3 search results go straight to the music file, which can be seamlessly downloaded. Yikes! There is no way Google or any other American company can compete with that—at least not until the wholesale remaking of the music industry is complete, years from now. Being a Nasdaq-traded company apparently does not bind Baidu to American copyright regulations.
Baidu Readies Nasdaq IPO; Chinese Search Finds Music
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