China's Search Market Rises 81% in 2004

A brief article in the People's Daily reports on the release of a report about China's search market.

The report released at a meeting on the development of China's search engine industry held in Xiamen City, showed that the market of the online service hit 1.25 billion yuan (151 million US dollars) in 2004, rising 81 percent from the previous year.

The report also predicted that the market of online searching engine in China would reach 2.3 billion yuan (278 million US dollars) this year, and might rocket to 5.62 billion yuan (680 million US dollars) by 2007.