Baidu Looks To Hire US Software Engineers In China
HONG KONG (Dow Jones)–Chinese search engine company Baidu Inc. (BIDU) said Wednesday it is looking to hire 30 software engineers from the U.S. next month to help make the company more innovative as it seeks to take advantage of rival Google Inc.’s (GOOG) shrinking participation in China.
Baidu is set to gain market share in China from Google as the Chinese government objects to Google’s recent strategy of redirecting Chinese users to an uncensored site in Hong Kong and threatened the U.S. company with the loss of its license.
Kaiser Kuo, a company spokesman, said Baidu, China’s biggest search engine, will hold a job fair in Milpitas, Calif., and is aiming to hire mid-level to senior engineers.
“Baidu believes that talent is the key to our success as a company, and we go wherever the best talent can be found, whether here in China or in Silicon Valley,” said Zheng Bin, human resources director at Baidu, in a statement.
Baidu’s hiring in the U.S. market underscores the need for more experienced engineers in China. Analysts say having insufficient number of engineers means companies will fall behind other rivals as competition intensifies in the Internet space.
“It’s good to see Baidu taking initiatives to expand its talent pool and speed up the company’s technology development. New technology is vital for its long-term growth,” said Elinor Leung, an analyst at CLSA.
Baidu currently employs about 2,500 engineers. It has research and development centers in Beijing and Shanghai.
According to figures from Analysys International, Google’s market share in China declined to 31% in the first quarter of this year from 35.6% in the previous quarter, with Baidu benefiting at Google’s expense.
Baidu reported in February its fourth-quarter earnings rose 48% to CNY427.9 million on a 40% increase in revenue to CNY1.26 billion.