According to this Reuters article, Chinese search company Baidu will see their revenues double in 2004. Google holds a minority stake in the company.
The country's search market will be worth an estimated $50 million this year and its expected to grow to $200m by 2006, according to iResearch. A recent iResearch survey found that Baidu is nearly twice as popular among Chinese Internet users as Google, with a market share of about 49 percent. But competition has been rising after Yahoo beefed up its presence by buying 3721 for $120m late last year.
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!