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Baidu Led China's Online Search Market in 08

Posted on: Thu, 12 Feb 2009 06:36:00 EST

Symbols: BIDU

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The world's biggest Chinese-language search engine lifted its market share by 0.6% from 72.6% in the previous year to a record high of 73.2% in 2008, according to iResearch, whose iUserTracker shows that Baidu processed 109.6 billion web search requests in the year.

The shining performance of Baidu, said an analyst at iResearch, is in part attributable to the company's aggressive investment in R&D and talent recruitment. The online research service provider, whose investment in R&D stands more than one third of its total revenue each year, injected as much as CNY 1 billion in R&D in 2008.

By the end of 2008, there had been 298 million netizens in China, soaring from 225 million at the beginning of the year, citing the latest statistics.

Source: www.dayoo.com (February 12, 2009)

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