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WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Google Dump Baidu Shares
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Author Topic: Google Dump Baidu Shares  (Read 773 times)

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Offline GhostShip

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Google Dump Baidu Shares
« on: June 24, 2006, 11:38:46 am »
Seems to be a good time to offload some shares after the share price rose recently with one of Googles investments

http://news.bbc.co.uk/1/hi/business/5108778.stm

Quote
Google has sold its stake in rival Chinese internet search firm Baidu.com.
The US company confirmed that it had disposed of its 2.6% holding in Baidu - acquired before the latter's 2005 stock market flotation - on Wednesday.
Baidu is the leading web search firm in China, a market in which Google lags behind the domestic provider.

China is the world's second largest internet market, with more than 100 million users.
Google and other foreign firms see huge potential for growth in China but their willingness to censor access to politically sensitive material, to comply with government demands, has attracted fierce criticism.


It no surprise that after coming to an unsavoury agreement with the Chinese goverment they now feel more than happy to enter the Chinese market in a major way, like many I feel the censorship of folks on the net is something Google should be ashamed of for participating in, but I,m sure in the end the voices of protest will grow louder and make themselves heard.


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