Monday, August 21, 2006

Google's Gaining in China Posts Major Threat to Baidu?

The second quarter earning report from Baidu was outstanding. Revenue growth was up 43% quarter over quarter.

Google's gain was even more dramatic. From Analysys data, Google's China revenue was up a wopping 75% quarter over quarter.

The question is does Google's gain post major threat to Baidu?

The answer is not really, at least not now.

Looking into details, Google's second quarter revenue in China was about 30.6 million yuan, up from 17.4 million yuan of last quarter. Converting into dollars, that was a mere $3.8 million. And that was up from first quarter in which Google had lost market share slightly.


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