Chinese search engine Baidu, in its first public response on rumors that Google wants to buy a bigger stake, pours cold water on the idea.
“Enjoying a huge market share in China, Baidu believes independent development is its best way out,” reports the Chinese publication, People’s Daily Online, supposedly quoting a Baidu executive. Note, though, that this is an anonymous quote.
Meanwhile, the President of Yahoo China, Zhou Hongyi, announced a sudden resignation. He leaves for “personal reasons,” a line that almost always suggests intrigue.
(Via Danny Sullivan at SEW).
2 Comments
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SV Grunt said:
Dude, we are tired of the constant Google stories. This site should be renamed GoogleBeat, otherwise…
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lgp said:
Baidu is the best search engine company in China.Most of us like to use baidu to search something we like.Especially in music,we can search what we want songs and download them free.So but like me.I like english very much,so I always use google to search what I want.
he,he
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9:43 pm
The Hitchhiker's Guide to 650 said:
Metcalfe in China
Metcalfe’s Law was the mantra of the dot-com generation. With it, spawned dozen of more mundane but more digestible corollaries: winner takes all, network effects, first mover advantage, time-based competitive strategy, time to market advantages…