Chinese search engine rallies in heavy trading as traders make bets on whether Google will leave China. Shares of Baidu were changing hands at a rapid clip Wednesday, February 10, after the Chinese company said Tuesday its quarterly profits jumped more than 48%. The report comes as American search giant Google ( GOOG - news - people ) is in the midst of a spat with the Chinese government.
Investors buying Baidu at $482 today are betting that Google will pull out of China, as it threatened to do last month, and that Baidu will pick up a majority of the American search engine's market share in China. (Source: Miriam Marcus, Forbes, Feb.10, 2010