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Baidu May Have Acquisitions On The Mind

$9.9 billion market cap burning a hole in its pocket?

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Baidu is big; its share of the Chinese search market is close to 60 or even 70 percent, depending on which statistics firm you favor.  And Baidu may be set to grow still more, as the company’s CFO, Jennifer Li, seems to be rather open-minded on the subject of making acquisitions.

The Internet "is at an early stage of its development, it’s dynamic and we need to stay ahead," Li said in an interview with Mark Lee.  She also noted, "People approach us and we get to look at a lot of things."

Li’s words don’t amount to a commitment to spend $50 million in the next five days, of course, and she didn’t even indicate what sort of technology Baidu might be interested in getting its hands on.

But the global recession has made right now a rather good time to buy a lot of weakened companies.  Baidu itself is about as financially stable as ever, too, as the stock chart below should indicate.

Google China, meanwhile, continues to be in rough shape in all sorts of ways, most recently getting bossed about on the issue of censorship.

Baidu May Have Acquisitions On The Mind
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