News From Asia

Sunday, December 20, 2015

The Story of Baidu Founder, Robin Li


Baidu CEO
English NameRobin Li
Chinese Name: 李彦宏
Born in 1968, Shanxi, Yangchuan from a normal family. When he was a little kid, he liked the Opera, and he was signed to a Shanxi Opera company when he was a primary school student. But when he reached Secondary school he quit the Opera.
In 1987, he joined Beijing University studying Library and Information Major(now called Information Management) after scoring the best student in his town in the University Entrance Exam(Gaokao).
When he reached the third year of his university major he bought Toefl, GRE and other books so he can qualify to move to the US to study Computer.

Life in the US:
In 1991 he was admitted to the University of New York Buffalo's Computer department. There, he studied Computer during the day, and English during the night, at the same time he started writing computer programs. Most of the time, he were sleeping at 2 in the night.

Silicon valley:
"When I was in Silicon Valley I got an idea to use technology to change the world, and change my life"
In 1994 during summer holiday, he got an invitation to work at a Wall Street company, Dow Jones. There he worked for three years and a half, he was collecting and publishing economic and marketing information to the web.
In 1997 he changed his job and joined a silicon valley company, Infoseek. Working on this company he got the opportunity to read Wallstreet Daily magazine daily, and that is where he learned how Microsoft defeated IBM and became the world's largest computer company in the world. He also learned a lot of secrets that Microsoft used to become the Software Giant and defeat another Software Giant, SUN, he learned a lot of ways for a company to thrive. These stories made him realize that, for a big company to thrive, technology is not the only way, but business and marketing are the most important.

Back to China
After spending 8 years abroad, web technology started to develop fast in China. At that time he was going back to China to research the local market. In 1999 he concluded that he was ready to start a company at home. He rented two hotel rooms in Ziyuan Hotel and employed an accountant, 5 engineers and a friend whose name is Xuyong, together eight people started Baidu Company.
After a few months he secured a 1.2 million Dollars Loan and he used it to expand the company, after success during this time he managed to secure an investment of 10 million dollars from the same company that loaned his company 1.2 million dollars.
In 2001, he made an announcement to change the algorithm of their search engine, introducing some new reforms that many Investors and shareholders were afraid that they will lead to the death of his company. But he insisted, and from his confidence after saying that, when he invision something, it is going to happen, they let the plan go ahead. As soon as the reforms took place, Baidu company became a very successful company, number two in the world after Google in the world and number one in China.
In 2014, Robin was announced the second riches man in China, with a fortune of almost 14.7 Billion.

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