Robin Li (Chinese name Hongyan Li) was born in November 17th 1968, at Yangquan City, China. He get his Bachelor degree in information management from Peking University (best college in mainland China) in 1991. Then he went to U.S. study at University at Buffalo, the State University of New York. He get his Master degree in computer science at UB in 1994. He was the inventor for system of hyperlink analysis and received a U.S. patent in 1999.
He founded Baidu in 2000, and led it to become one of the biggest Chinese internet company. Baidu start as a search engine company and its success was largely base on the system of hyperlink analysis. The system of hyperlink analysis allows the most popular results will come at the top when people are using Baidu search engine. And Baidu was dominate the market. In August 2005, Baidu finished its initial public offering on NASDAQ. Now it has a market capital over 62 billion U.S. dollar.
After Baidu’s IPO, Baidu start invest other internet company and become a giant internet corporation. In 2010, Baidu established a new independent company Qiyi (currently known as iQiyi), an online video platform (kind like YouTube). In July 2011, Baidu acquired a majority stake in Qunar() for 306 million U.S. dollar. Qunar is a Chinese provider of travel services including transportation ticketing, packaged tours, accommodation reservation, and corporate travel management. Baidu acquired a hundred percent equity interest in 91 Wireless from NetDragon for 1.9 billion U.S. dollar in October 2013. In April 2014, Baidu launched Baidu Wallet (like Apple Pay). Baidu also started a new company called Baidu Takeout Delivery in May 2014(takeout delivery service is a multibillion industry). In China, Baidu, Tencent,and Alibaba, all know as BAT. They are the three giant company. Almost every other internet company are either own bay them or invested by them.
Even though, Baidu had invested so many different type of companies, their main revenues still come from search services.below is part of Baidu’s annual report. The annual report shows majority of thier revenue form search service. And it alomst triple in past four yeras.
Many organizations pay Baidu, so their goods or services will come on top of many results when people are using Baidu search engine. Like the hospital that Wei went to. When Baidu put all these infoemation on their search engine, they did not do background check to make sure all the information are corrcect. They more care about their profit than their users.