百度CEO李彦宏在湾区的讲话

            百度CEO李彦宏的讲话

华源组织在五月十三2008办了一次活动，请百度CEO李彦到湾区讲话。 活动在SAN JOSE Double Tree hotel 举行。 去的人特多。 诺大的一个会议室装满了人。我赶在讲座的半小时到，赶紧找了个最前排的位置。 不和其他人聊天，大部分人都不认识，其实 基本上一个人都不熟。唉，好久没在江湖上混了。  李彦宏同志来的时候坐在附近，我不认识他。倒是和旁边一个韩国人聊了半天， 韩国人想开一家网络有关的公司。听这个讲座正和适， 只是李彦宏是用中文讲的。我用我的笔记本电脑英文做笔记，这位韩国人才不那么闷。

这位百度CEO很书生气，不象是个风云驰骋的人物。 当他开始讲他的经历时，才了解为什么他能成为一个BILLION DOLLAR 公司的总裁。 

最喜欢他的几句名言:

先成家， 后立业

做自己喜欢的事，把它做出色。 

回国定好自己的位置，不用想太多，就不会有国内环境对海龟不公的感觉。

整个晚上的气氛很欢快，尤其在Q&A的时候，有一位女同胞当着几百人的面夸李彦宏看上去比照片上还要显得年轻，英俊。:-)

下面是当时我记的流水账， 有空时再翻成中文吧。 见谅。

                        Notes from HYSTA Meeting   (BaiDu)  Robin Li

 From 1997 to 1999 he was in China/>/>. 2005 connected with HYSTA

  1. For the past 3 years, May labor holidays, planed to talk Baidu IPO. There are  multiple choices, very stressful process, regulation.  Chinese search market is not mature, Baidu needs to go IPO to get more investment.
  2. BaiDu’s Market value exceeds the expectation greatly, He doesn’t know how to deal with media, so he refused to talk any of to them anymore.
  3. In 2006, they focused on Chinese Search technology
  4. P/E ratio is high, someone suggested buy some companies to improve revenue. But Baidu didn’t do that.  
  5. 2007 Google didn’t take away the competition from Baibu.  COO died in SanYa vacation. Most CFOs’ background are either in Banker or Audit. He used a controller type person instead.
  6. Robin Li spends1/3 time on looking for people, 1/3 is on doing technology, 1/3 for social events.   
  7. Penetration rate of internet market in China/>/> is only about 15%. Is there any growth rate in China/>/>?
  8. Chinese market is quite different, we need to use keywords such as “wudongyinhua” for Samsung’s product. Direct Mail and Yellow pages AD are bigger than TV. In China/>/>, search can replace Direct Mail and Yellow pages. Korean’s Navel is pretty good, pay ad is about 6%. However average rate is about 4%.
  9. There are 4 different kinds of internet companies, such as a. Menhu(portal) stage  b. Game stage (net easy and shengda).  c. Tengxun( QQ )  virtual world has highest revenue. (myspace and facebook) d. search and ecommerce  
  10. Baidu has 70% internet traffic of Chinese market which is more than Google’s traffic. Chinese only has 15% internet penetration rate. This penetration rate will increase more because of Olympics.
  11.  Robin Li wrote a book GuiGuShangZhan (business battle in Silicon Valley) during the period that he lived in Silicon Valley/>.

            He worked on link analysis technology (index technology)  

            He broke through the 64 Million indexing limitation.  Now there are about 5 billion entries.

  1. Baidu focused on the Chinese search for the first 6 years. Infoseek, Lycos all died, pay search saved the internet industry.  How to stay ahead of competition, didn’t do wireless or any other market. At beginning, can only sell service to Sina etc..  Need to find a parterner to do branding. Maybe through Hunan/>/> Satellite.  Web service and business model were out on the same day.
  2. Build traffic first then build business model. Business partener, good sales and good moral values. Use people from online, internet users to help business decision. Technology persons are very important and hard to find.
  3. BaiDu TV …    

                                                                                                                               

 

 

 

 

 

 

 

 

 

 

 

 

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