Google Eyes China Acquisitions
Posted on: Friday, 17 August 2007, 06:03 CDT
Google reportedly is gearing up to acquire one or two companies in China, and hopes to invest in as many as five during the next year in a bid to better compete against the country's leading search company Baidu.com.
President of Google China Kai-Fu Lee told reporters about the planned deals, according to several local online media outlets.
Last month, Google chief executive Eric Schmidt said, on an earnings conference call, the "tenacity" of Google would bring "significant victories in China over the next few years."
Earlier this year, the company invested an undisclosed amount in the Chinese peer-to-peer filing sharing site Xunlei Networking Technology. It also has a mobile search deal with China Mobile Communications and the Chinese web portal Sina.
Source: Datamonitor
Related Articles
- Former China Google head starts new firm
- “China’s Google” Works To Save Reputation
- CEO: Google Working to Grow in China
- Google Co-founder Says Company is Staying in China
- Google Launches Censored China Site
- Google Agrees to Censor Its Search Results in China
- Google Officially Launching Services in China
- Google Agrees to Censor Results in China
- Net Giants Bet Big on China's Potential
- Google Faces Search Engine China Quandary
 |
 |
User Comments (0)
RSS Feeds