, Columnist
Baidu’s Acting Like a Startup, But Not in a Good Way
Spending outpacing revenue signals a desperate attempt to keep momentum going at an old company.
Yu Gong is still stuck ijn the era of irrational investments.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Oh come on, Baidu Inc., you’re an adult now.
As a 19-year old Chinese internet giant, the U.S.-listed company is acting more like an adolescent startup than a responsible member of the corporate community. Just look at its earnings.