The Rise of Baidu (That is Chinese for Google)

Indeed. A year after the picnic, in 1999, Mr. Li founded his own search company in China, naming it Baidu. Today, Baidu has a market value of $3 billion and operates the fourth-most trafficked Web site in the world. And Baidu is doing what no other Internet company has been able to do: clobbering Google and Yahoo in its home market.

read more | digg story