Baidu.com, Inc. (NASDAQ: BIDU) aims higher as Google Inc. (NASDAQ: GOOG) decreases in the price

Google Inc. (NASDAQ: GOOG) is reduced as Baidu.com, Inc. (NASDAQ: BIDU) goes on the world market

In brief: Google Inc. (NASDAQ: GOOG) is not losing ground to China's Baidu.com, Inc. (NASDAQ: BIDU) in the global Internet market - the analysts believe.

Google Inc. (NASDAQ: GOOG) has managed to rise above 500 points, reaching 501.10, losing -0.84% in the bidding. Baidu.com, Inc. (NASDAQ: BIDU) was 86.50 points, losing -1.06 (-1.21%).

At the same time, the Chinese search engine Baidu set sights on the international market. The biggest Chinese Internet search engine Baidu.com plans to go beyond the Chinese market. According to Baidu CEO Robin Lee, for the next 5-15 years, the company intends to not only get most revenue from outside China, but also significantly enhanced its policy of mergers and acquisitions. Baidu hopes to soon bring the ratio of local and international revenues to 50/50. To date, the share of Baidu in the Chinese Internet market is about 70%, against 24.2% for Google.

Igor Tringlers
2010-08-10 17:29, Economics.

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