There're two news headline that really shock me this weekend. One is "Yahoo pay 1 billion for 35% of alibaba"; another is "baidu up 354% in the first day of IPO". Why there're so many crazy stuff in beijing?

Let's take a look on the PE of baidu.com! (PE=1,099)!! I am not joking - it's the real number i calculated based on the 2005Q1 revenue from baidu and the new market cap today. The normal PE ratio for all China stock in NASDAQ is below 100. What make baidu so popular? I am not sure ... may be the effects of two hot topics that came together (i.e. search + China)? But don't forget two rivials are coming (Google and Yahoo)...

For the second headlines, that should impact me directly. As i am working in the Y!CN ecommerce sector, Alibaba is one of my major competitor. Suddenly it changed to my partner?! Really can't believe that... but that's the truth. (1 billion US Dollars = 80億 RMB). That can change all the things we established last year. How will that impact my job? (partnership, affiliate, integration) I don't know yet... but there must be sth that will be changed soon.

Nobody know what will happen if these three words come together
(China + Search + Ecommerce = ?) May be after my tibet trip :> I wil know more ...

Baidu.com slays the Street
Beijing's Baidu.com Inc., the little search engine that could, exploded onto the Nasdaq on Friday, Aug. 5. The $108 million initial public offering wasn't as big as Google Inc.'s and Baidu's revenue isn't anywhere near that of its Mountain View, Calif., Web rival. Baidu's not even the top search engine in China. But its initial public offering generated just about as much buzz as Google's did. Which probably accounted for its stock leaping 354% to close at $122.54 in first-day trading on Friday. Baidu, which was up more than 363% at one point in midday trading priced 4 million American Depositary Shares at $27 apiece, well above an already increased range of $23 to $25.

Yahoo in talks to pay $1B for China's alibaba
NEW YORK (MarketWatch) -- Yahoo Inc., the Sunnyvale, Calif., online media company, is in advanced talks to buy about 35% of Alibaba.com, China's biggest homegrown e-commerce company, for almost $1 billion, sources close to the negotiations told Forbes.com. The deal would be the biggest investment by a foreign company in China's Internet industry, the Forbes online unit reported. Alibaba operates Taobao.com, an online auction site, and Alibaba.com, an online trading site. The deal poses a challenge to eBay Inc., the San Jose, Calif., online auction site, Forbes.com reported.