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Who Will Benefit From Google’s Withdrawal?

by lydia on Mar 24, 2010

On the early morning of March 23 in Beijing, Google officially announced to reject the Chinese government’s requirement to censor Google’s search results, and transfer its search services to Hong Kong. Google spokesman said that the corporation will not withdraw from China totally; they will continue to provide Internet users in China with uncensored services Google Maps, the Mainland users using Google search , Google News and Google Images services will be automatically guided to uncensored Google Hong Kong Page, and Google’s sales and R&D business will be reserved. On Google’s withdrawal, who will be the major beneficiaries? Baidu It is firmly believed that Baidu , the world's largest Chinese search engine, will become the biggest beneficiary. A report quoted the comments of Eric Wen, the analyst of South Korea's Mirae Asset Financial Group, Baidu has a near monopoly in China, he put up Baidu’s stock rating from "hold" to "buy" this week, one reason was...Read More >>