Archive for the ‘Eric Schmidt’ 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 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:


Schmidt: Google will do better in China

July 21, 2007

Sumner Lemon
Fri Jul 20, 2007

San Francisco (IDGNS) – Google will do better in China, but don’t look for the company to dominate the market anytime soon, the company’s top executive said Thursday.

“Although it does not appear we are number one in the market, it looks like we are now in a situation where we are quite competitive,” Eric Schmidt, Google’s chairman and CEO, told investors during a conference call.

Read the rest: