Baidu’s Li Says Investors Don’t Get China’s Coming Internet Boom
ByRobin Li, chief executive officer of Baidu Inc. Photographer: Tomohiro Ohsumi/Bloomberg
For more than a decade, Baidu Inc.’s Robin Li has been the top provider of search services for China’s Internet population. Now he wants to help them get laundry delivered, book a doctor’s appointment or hire a chef to cook in their homes.
The future, as Li sees it, is not in search but in services, connecting people through the Web to thousands of entrepreneurs and businesses in the real world. He’s betting billions of dollars on the untested vision, risking revolt among investors as he sacrifices profit today for future growth…
Baidu’s Li Says Investors Don’t Get China’s Coming Internet Boom