iResearch says Baidu 2007 revenue at high end

China's search market expected to surpass
Japan by 2011, hitting 10 billion Yuan.
Yahoo Japan is valued at 23 billion
dollars. The report says we will get 76%
growth this year, and the number will hit
10 billion Yuan by end of 2010.

For 2007, iResearch estimates 2.9 billion
Yuan, with Baidu at around 60% in market
share. 2.9 billion * 60% is 1.769 billion
Yuan. Converting to dollars at today's
rate, we get 246.282 million dollars, right
at the high end of analyst estimates.

China org daily