Baidu market value exceeded 100 billion...

Baidu, often referred to as China's Google, rose 5.97% to $409 in Nasdaq trading Friday. Based on this calculation, Baidu's total market value reaches about $14 billion, which has exceeded 100 billion yuan. However, the company's title as China's top Internet stock by market capitalisation faces a strong challenge from Alibaba (1688.HK), which goes public in Hong Kong tomorrow.