Google
Google has secured a four per cent in Xunlei

Google buys into Chinese multimedia site

Campaign to attack market leader Baidu continues

Written by Bobby Pickering

Google has made another foray into the Chinese market, securing a stake in multimedia downloading website Xunlei.

Financial details of the deal were not disclosed, but the New York Times reports that sources close to the company believe Google paid "$5m for a four per cent stake".

Advertisement

Xunlei's 120 million users will be able to search the site's content using Google's engine, helping Google to improve its estimated 19 per cent share of the overall search market in China.

China's current search market leader is Baidu, which handles almost two-thirds of all search queries in the country. Google had a 2.6 per cent share in Baidu up until June 2006.

Google's attempts to penetrate the market in China have not all been plain sailing. The company's compliance with Chinese government demands to censor content was slammed by UK MPs last August.

The Chinese search market is currently a fierce battleground, with Microsoft announcing an alliance with Baidu just before Christmas.

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Stuart Bridges, Hiscox

Stuart Bridges: FD of Hiscox

Dull is the new black in these straightened times –...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement