Archive for the ‘Baidu’ Category

Google to Increase Stake in China

August 16, 2007

Sumner Lemon, IDG News Service, August 16, 2007

Google Inc. reportedly plans to acquire one or two Chinese companies and invest in up to five more over the next year as part of efforts to gain ground on rival Baidu.com Inc. in China.

“Over the next year, Google will acquire one or two companies in China, and invest in four to five companies,” said Kai-Fu Lee, president of Google China, quoted in a report (in Chinese) carried on several Web sites. The report did not say what companies or technologies Google is interested in.

A Google China spokeswoman….

Read the rest:
http://news.yahoo.com/s/pcworld/20070816/tc_pcworld/136032

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