Word: china
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...days are winding down for many of the best and brightest who went to work for Google in China over the past couple of years. It now appears that it's no longer a matter of if Google is forced to exit the search business in the People's Republic, but when. It could be in a matter of weeks (On Friday, Chinese media was reporting April 10 as the last day). Google employees can't say so publicly, of course - and some of the 700-plus employees who work at the company's Beijing headquarters will no doubt retain...
...form of Secretary of State Hillary Clinton's Jan. 21 speech on Internet freedom. In fact, only in the past few days has anyone from the Chinese government even conceded publicly that Beijing was talking to Google at all. But on March 13, Li Yizhong, head of China's powerful Industry and Information Technology Ministry, made sure there was no confusion. "If you don't respect Chinese laws, you are unfriendly and irresponsible, and you will bear the consequences," he said. (See pictures of Chinese mourning their potential loss of Google...
...have given a thrill to human-rights activists the world over, but a lot of investors were - and remain - furious. Since posting the announcement on its website on Jan. 12, Google's stock price has declined from $595 to about $567, while Baidu, the leading search engine in China, has seen its stock price rise by 50%. (See pictures of life in the Googleplex...
...reason for that is obvious. Jan. 12 was, in effect, the starting point for the next phase of competition in China's search market - the battle for Google's share, which is about one-third in terms of search revenue. The most obvious potential foreign beneficiary is Bing, Microsoft's new search entry. And while Bing may not exactly have been handed the keys to a very rich kingdom, the executives there understand their good fortune - and have not been shy about subtly sticking the knife into Google. On March 17, Craig Mundie, chief research and strategy officer, told...
...Internet companies that are moving swiftly to capitalize on Google's - choose one - self-inflicted wound/inspirational stand. Numerous sources says both Sohu.com - a Yahoo!-like website founded by MIT graduate Charles Zhang - and a hugely successful instant-messaging company called Tencent Holdings are already aggressively trying to hire Google China staff. (Google China declined to comment.) Neither has much of a presence in search, with less than 1% of the market each. But the two companies were investing significantly in search even before Google's ultimatum in January, and are now obviously even more determined to take on Baidu...