The first two times were 1999 and 2000 at the beginning of its establishment. The financing amounts are $654.38 million+$200,000 and $654.38 million+$1 million respectively (Dreyfus Jurvetson e Planet Ventures and IDG Technology Venture Capital). The third financing was in June 2004. * * * Eight companies participated in this financing, including the strategic investment of $6,543,800,000 from the famous search engine Google.
By the end of 2004, Baidu's total assets were $365,438 +0.68 million, its sales reached $65,438 +0.34 million and its net income was $65,438 +0.45 million. Since 2002, its annual growth rate has reached 224%. In the first three months of this year, Baidu's revenue reached 5.2 million US dollars, and it is expected to exceed 30 million US dollars for the whole year.