Word: baidu
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...then came Jan. 12, and for Li and Baidu, things went from the sublime to the ridiculous. That's the day Google drew its now famous line in the sand, saying it was no longer willing to censor its Internet searches in China - as the authoritarian government demands - given what it believes have been repeated attempts by Chinese authorities to hack its systems and steal dissidents' Gmail addresses. However noble Google's sentiment may be, in business terms it was "effectively a suicide note" when it came to the search business, as one rival Internet executive put it. "Google...
...that Baidu's shareholders are likely to complain. The company already collects 64% of the revenue generated by search engines in China via advertising, according to Analysys International, a market-research firm, and claims 76% of overall search traffic. The comparable figures for Google are 31% and 20%. If Google soon shuts down its Chinese search engine (Google.cn) - as most analysts believe it will - Baidu will grab even more. Dick Wei, senior analyst at JPMorgan Securities in Hong Kong, estimates that if Google loses a quarter of its China traffic, Baidu will reap a 6% gain in revenue; the gain...
...easy to see the Baidu story as so many in China now do: Chinese upstart whips the American Goliath. But it's more complicated than that, as Li is the first to admit. The fact is, Baidu's success resembles a typically American success story. Li was born in an impoverished town about 200 miles (320 km) from Beijing, and as a young man was smart enough to get into Beida, as the Chinese call Peking University. Like so many students of that era - just after the government's assault on demonstrators in Tiananmen Square - he wanted...
...pulling out of a burgeoning and potentially very lucrative market out of moral concerns is impressive in many respects. Although Google’s 30.1 percent share of the Chinese search engine market is relatively paltry compared to the 63.9 percent share held by China’s homegrown Baidu, withdrawing from the country altogether represents a very serious business decision for the company...
...19th century. But in the areas of media and the Internet, it isn't. There, China has a thriving culture of thirtysomething entrepreneurs, many with U.S. work experience, who are creating home-grown franchises catering to the burgeoning world of the web in China. Baidu, the rival search engine to Google, is most in the news lately; others include web portal and entertainment companies Sina and Netease; on-line, multi-user gaming company Shanda (which recently made an acquisition of an American gaming company and plans to expand to the United States); internet and mobile applications giant Tencent...