TELECOM COMMUNICATIONS (TCOM)

[Minou]

From Ant&Sons

Baidu.com IPO Could be the Google of China

Baidu.com has officially priced its IPO at $27, way above the original $23-25 estimated range and intial IPO price of $19. Baidu.com is the most used Chinese language Internet search provider. It is the sixth largest website in the world during the last quarter, and Google owns a 2.6% stake in the company, with rumors to be acquiring a larger stake in Baidu. The company is already profitable, with revenue of $13.4 million and there are high expectations for Baidu to compete in the booming search engine market. According to Briefing.com, other plays to watch with this stock include Telecom Communications (OTC: TCOM), Netease.com Inc. (Nasdaq: NTES) and Ctrip.com (Nasdaq: CTRP).

I am wondering why TCOM does not PR that info, this is all good news.