创新时代的中国机会(1)

You know, Baidu was founded at the beginning of 2000, and quickly NASDAQ reached its historical high of 5,000.

I remember it was March of 2000. Then it dropped to about 1100 a little over a year later.

That is a very difficult time for people in the Internet industry.

I think it's much severe than what you have experienced in the past year or two for the general economic situation.

During that time, it's just the very early days of Baidu's startup experience.

That's why when we officially entered the recession or the challenging situation caused by the financial crisis,

I keep asking myself, " What should we do? " What I learned during the last downturn,

especially in the early 2000 that when the Internet bubble burst,

I guess, some of you still remember, it's quite an experience for many of the companies and many

of the people who work for those Internet companies. We were lucky to raise the first round of