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Google Steps Up Fight for the China Market

Posted by samzenpus on from the google-google-google dept.

gaanagaa writes "News Sources are reporting that web services leader Google Inc. has won a license to operate in China and has bought a Web address as it battles Yahoo Inc. in the world's second-largest Internet market. The U.S. Web services giant, which makes its money from searches, advertising and other services, is hiring staff with the aim of opening an office in the country this year, according to several sources within or close to the company. A person familiar with the matter told Reuters the company was planning to open an office by the end of this year, most likely in Shanghai, and was building up a country team to target corporate customers for advertising sales."

4 of 182 comments (clear)

  1. Re:How will Google's indexing be restricted? by TheRedHorse · · Score: 5, Informative

    Google's already been accussed many times of working with the Chinese to censor the Chinese version of Google. Censorship is a prerequisite for any company offering information to the chinese it appears.

    Here's one example http://www.pandia.com/sw-2004/48-google.html

  2. Re:Shareholder value by Infonaut · · Score: 2, Informative
    By the way, did you know that Sergey Brin no longer owns [yahoo.com] any shares in Google?

    He could conceivably have unexercised options, though, right?

    --
    Read the EFF's Fair Use FAQ
  3. Re:Chinese Citizens: What Your Government Is Hidin by DNS-and-BIND · · Score: 2, Informative
    #1 is blocked because it's google cache. #2 loads fine. #3 I'm not even going to click on. #4 is blocked. I notice you didn't provide any links to Chinese-language sites...how typically self-centered. The Chinese are not too terribly interested in blocking English-language sites, and other languages receive almost zero attention.

    Incidentally, Falun Gong is a weirdo cult like Scientology. It's funny how everyone in the West thinks they're some kind of counterculture heroes. Guess what, you've only heard one side of the story from the biased media.

    --
    Shutting down free speech with violence isn't fighting fascism. It IS fascism!
  4. Re:Eep, what would his taxes be like? by Anonymous Coward · · Score: 1, Informative
    If he sold all his shares, hundreds of millions of dollars worth

    You left off a zero. Sergey controls around 38 million shares of GOOG; at today's closing price of 231 that's about 8.7 billion dollars. He's sold a few hundred million worth, though.

    long term capital gains, but that's still 15%.

    15% Federal cap gains, plus the California 9.3% rate. Roughly 1/4 goes to taxes, as a minimum.

    Huh, you'd think the street would be concerned when a cofounder and head honcho still running the company has sold out completely.

    You would think that, and you'd be right. The idea that's he's fully divested is ludicrous. He may, however, have moved his shares into a trust, which might explain yahoo finance showing him owning zero shares. Or yahoo finance might just be jealous.