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Google CEO Schmidt Visits China; Interest In Baidu Buyout?

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Google hovers as Baidu readies IPO from TheDeal.com covers how Google CEO Eric Schmidt has been spotted recently in China meeting with officials of the Chinese Baidu search engine. Google owns a 4 percent stake of that service, which is  to be the most used in the country. Google confirms he was there but wouldn't say the visit revolved around buying more of Baidu or another homegrown service. Figures on popularity I've seen seem to come primarily from research service iResearch. The free report they provide on the search market in China for 2004 doesn't show these figures. They may be in the paid version. This article says Baidu has 33 percent of the search marketing in China, "outpacing" any other competitors. But Google's listed not that far back in third place, at 22 percent. Second place isn't cited.


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