Looks like the salubrious market of China
has attracted diversify ed businesses as well! Google Inc. exposed its new plans of getting hold of a stake in a Chinese website, Tianya.cn. This represents a venture into social networking in the world’s second largest internet marketplace. Further details of the deal couldn’t be brought out, although estimates suggest that the probable size of Google’s stake could range from anywhere between less than 10% to up to 60%. Google might also be staring at more acquisitions in China. So what’s the hurry? This is all because Google is speeding up, in order to close the gap with rival Baidu.com Inc.. That subjugated the search market in China in the second quarter with a 58.1% share, this comes from the research firm Analyses International. More such big plans are expected to be revealed!
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has attracted diversify ed businesses as well! Google Inc. exposed its new plans of getting hold of a stake in a Chinese website, Tianya.cn. This represents a venture into social networking in the world’s second largest internet marketplace. Further details of the deal couldn’t be brought out, although estimates suggest that the probable size of Google’s stake could range from anywhere between less than 10% to up to 60%. Google might also be staring at more acquisitions in China. So what’s the hurry? This is all because Google is speeding up, in order to close the gap with rival Baidu.com Inc.. That subjugated the search market in China in the second quarter with a 58.1% share, this comes from the research firm Analyses International. More such big plans are expected to be revealed!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
