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创新时代的中国机会(2)

But what we quickly found was that we were still losing money.

Although we probably signed up the portal companies that represent more than 80% of the Chinese search traffic,

Baidu still could not survive. That's the challenge we faced.

So quickly I realized that we were too optimistic about the future of Internet in China.

At that time, there were only about 10 million Internet users.

And the portal companies didn't want to buy the best search technology.

They only want to buy the cheapest technology. That made our life very hard.

So we realized that and I made the decision: we need to change.

We need to change to a different business model so that we can come up with better technology,

and the better search technology can be appreciated by the market.

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