{"id":282184,"date":"2010-02-05T09:40:00","date_gmt":"2010-02-05T14:40:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:391814"},"modified":"2010-02-05T09:40:00","modified_gmt":"2010-02-05T14:40:00","slug":"baidus-monopoly-opportunity","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/282184","title":{"rendered":"Baidu&#8217;s monopoly opportunity"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=GOOG&amp;id=10390991\" >Google Inc.<\/a>\u2019s impasse with <a href=\"http:\/\/www.nationalpost.com\/story.html?id=2524035\" >the Chinese government<\/a> could lead to <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=BIDU&amp;id=12624108\" >Baidu Inc.<\/a> becoming a monopoly in China\u2019s search market. This obviously has long-term strategic implications that the market is trying to wrap its head around.<\/p>\n<p>In order to value Baidu shares, RBC Capital Markets Stephen Ju introduced a scenario analysis based on a 75% chance that Google withdraws from China. As a result, his price target climbs from US$403 to US$554.<\/p>\n<p>\u201cWe have assigned a higher probability to the scenarios that contemplate a Google exit, as we believe its position in China has become untenable,\u201d Mr. Ju told clients.<\/p>\n<p>The Chinese government has little incentive to agree to any concessions on unfiltered search, so Google\u2019s days in China are numbered, he added.<\/p>\n<p>However, Alibaba Group\u2019s Taobao is apparently preparing a general search platform as it seeks to leverage its traffic into additional businesses. Since e-commerce traffic comes with the intent to buy something, it is very valuable, which makes Taobao a potential threat to Baidu in the long run.<\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=391814\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google Inc.\u2019s impasse with the Chinese government could lead to Baidu Inc. becoming a monopoly in China\u2019s search market. This obviously has long-term strategic implications that the market is trying to wrap its head around. In order to value Baidu shares, RBC Capital Markets Stephen Ju introduced a scenario analysis based on a 75% chance [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-282184","post","type-post","status-publish","format-standard","hentry","category-internet","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/282184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=282184"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/282184\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=282184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=282184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=282184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}