China’s ‘Google’ grows – AP

From AP, via Finance24.com:

Little known abroad, 5-year-old Baidu.com says it already is the world’s sixth most-visited internet site, thanks to a strong following from China’s 100 million-plus web surfers.

Now the startup founded by two Chinese veterans of American tech firms is preparing to follow Google’s example with an initial public offering in the United States, hoping to raise $45m.

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