Baidu.com Inc., which billsitself as China‘s largest Web search engine, on Tuesday said itis planning an initial public offering of as much as $80million in Class A ordinary shares.China is a fast-growing and key market for all the majorWeb search players, including industry leader Google Inc.,Yahoo Inc., and Microsoft Corp.‘s search offering.
Baidu, in which Google has a small stake, said in a filingwith U.S. securities regulators that its baidu.com Web site wasthe second most-trafficked Website in China and the sixth mosttrafficked worldwide. For more information click here.