According to Google Translate 泡沫 is Chinese for "bubble". Chinese search engine Baidu is up another 3.5 percent today to $378.35 — with a market cap just shy of Facebook's notional value at $12.8 billion. The FT Tech Blog notes that Baidu has a forward P/E ratio of 94 — that is, a comparison of its price to next year's earnings — trouncing Google's P/E of 54. Another Chinese search engine, Sohu, reported strong earnings today and anticipated future growth across the Chinese market because of advertisers' interest in the 2008 Beijing Olympics. A chart of Baidu and Google's stocks year-to-date is above.
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