Beijing search engine drubs Google in China.(BUSINESS)(Company overview)

0 Comments | Washington Times, The, July, 2007

Byline: Kara Rowland, THE WASHINGTON TIMES On the other side of the world, a company is beating Google Inc. Baidu.com Inc. might be little-known in the U.S., but in China, it's the No. 1 Internet search engine by market share. The company, founded in 1999, was able to match Google's 30 percent share of the Chinese market in just three years.

By 2006, the Beijing start-up overtook both Google and its other major U.S. rival, Yahoo Inc., to become the country's most popular search portal - now with an estimated 65 percent market share. "Our competitors are not short of financial resources," said Shawn Wang, Baidu's chief financial officer, speaking to a packed room of students and faculty at American University's Kogod School of Business last month. Mr....