What it is about Baidu and the Chinese search market that's allowedBaidu to become much more successful than Google and Yahoo! in China?Specifically, what is it that American companies that,both then and now, still don't understand aboutChina that you think you do and they don't?Robin Li: I think that there are a lotof misconceptions about this question.There are very successful American companiesin China: Intel, Cisco, Microsoft.They have been in China for a very long time.They figured out how to do business in Chinaand they have been quite successful.But Internet companies, a little bit different.There are three reasons for that.First is that, during the '90s,I think the Chinese IT market was very, very small.Nobody paid attention to that.But during the past decade,I think, with the Internet coming to China,that the market gets larger and larger asChinese economy gets larger and larger,the opportunity, the potential for that markethas become very meaningful to a lot of people.Therefore, it's a fast-growing market.
