But the challenge is that we really didn't have a business model at that time.

但问题是,那时公司没有一个商业模式。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

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.

公司要改变以往的商业模式,来促进新技术的研发，而且新技术,是受市场欢迎的。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

In the last five years, the stock in Dow Jones Company has fallen by half.

在过去的五年间,道琼斯公司,一流的商业财经信息提供商旗下有以对商业财经领域的深度分析报道见长的《华尔街日报》报系

耶鲁公开课 - 金融市场课程节选

Now there's a political and business history to this because KFC, as large a company as it is, is owned by a larger parent company, believe it or not, called Yum Brands.

这是它的行政和商业历史,因为像肯德基这样庞大的公司,为一个更为庞大的母公司所有,信不信由你,这个母公司叫做百胜餐饮集团

耶鲁公开课 - 关于食物的心理学、生物学和政治学课程节选

We didn't have a feasible business model, let's put it this way, because when we started, the business model is to provide the backend search technology to the portal companies in China.

或者说没有一个，可行的商业模式，因为公司成立初期的商业模式，是给门户网站公司,提供后台搜索技术。

斯坦福公开课 - 百度CEO李彦宏演讲：全球最大搜索引擎的发展课程节选

There's a very simple reason why real estate tends to be held in limited partnerships rather than corporations and that reason is the corporate profits tax.

人们之所以,通过有限合伙的形式来持有商业房产,而不是以公司的形式来持有商业房产,其原因非常简单,那就是公司利润税

耶鲁公开课 - 金融市场课程节选

These are insurance--or P&C--these are insurance companies that insure the value of a home or a business or an automobile.

简称P&C,这类保险公司,专门提供住宅,商业和汽车财产保险

耶鲁公开课 - 金融市场课程节选

An SIV is a company of a sort that invests in assets and they issue something like asset-backed commercial paper, but it's not a real company because it only exists as an organization sponsored by some bank.

IV类似从事资产投资的公司,同时也发行类似资产担保商业票据的证券,但它不是一家真正的公司,因为它只是由某家银行建立的一个组织

耶鲁公开课 - 金融市场课程节选