Thursday, June 10, 2004

China & Google purchases

Instant Position Search Engine Marketing Forums: "Google has been trying to go strong in China for some time, with lots of problems.

Now they are going for a different strategy:

'Now, Google is making an investment in one of China's largest search engines, Baidu, which means ``hundred times.'' Google won't comment, but the investment was confirmed by U.S. investor Tim Draper of Menlo Park's Draper Fisher Jurvetson, which invested $10 million in Baidu. The move might give Google a way to secure its position in China and gain leverage over its chief competitor there.'

Full story: http://www.miami.com/mld/miamiherald/business/technology/8867532.htm?1c "

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