China launches new search engine: Baidu.com, Inc. (NASDAQ: BIDU) fell, Google Inc. (NASDAQ: GOOG) is in green

Google Inc. and Baidu.com, Inc. (NASDAQ: BIDU) see the new danger

In brief: Baidu.com, Inc. (NASDAQ: BIDU) and Google Inc. (NASDAQ: GOOG) fear of a serious competitor. China launches new search engine soon.

Baidu.com, Inc. (NASDAQ: BIDU) went up to 83.40 points after losing -0.83 (-0.99%) today. Google Inc. (NASDAQ: GOOG) stood at 492.86 points, gaining +1.12 (0.23%) in the second half of the trading.

At the same time, Google Inc. (NASDAQ: GOOG) will soon face new challenges in China. At this time point, however, does not in the censorship. On Thursday, August 12, two state-owned companies in China have announced plans to create a new Internet search engine, which will be another competitor to the U.S. internet giant Chinese market. The new search engine from news agency Xinhua and the largest cellular operator China Mobile will be optimized for use on mobile devices. In using a mobile connection, Google ranks third in China – after the system Baidu.com, Inc. (NASDAQ: BIDU) and Easou. Just over a month ago, the Chinese authorities to renew the license to Google to engage in commercial activities in the country. This decision has been called into question after it postponed its standard Google search function on the Hong Kong server, to avoid censorship by Beijing.

Anrey Torbinski
2010-08-12 16:55, Economics.

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