According to Xinhua,US Internet search engine company Google, a dazzling success story on Wall Street, is underperforming in China’s booming search engine market, a recent survey has found.
- Google’s share of China’s Internet search engine market is rapidly being eroded by its Chinese rival Baidu.com Inc
- Baidu.com has managed to increase its market share by at least 10 per cent during the past six months in three major Chinese cities Beijing, Shanghai and Guangzhou
- Survey found Baidu has a 43.9 per cent market share in Shanghai compared to 38.2 per cent for Google
- Survey also found Chinese Internet portals Sina Corp and Sohu.com, which are also listed on the NASDAQ, and US Internet giant Yahoo! are all losing share in China’s fast-growing Internet search engine market.