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Google China Executive: Change In CEO Won't Affect China Operations

BEIJING -(Dow Jones)- Larry Page's elevation to Chief Executive at Google Inc. (GOOG) won't have an impact on how the company does business in China, John Liu, Google's vice president for sales and operations in greater China, said Tuesday. "I don't see there's any change," Liu said at a forum when asked how the move could affect Google in China. Liu also said he is "very optimistic" about future business growth in China. "Google has not just search as a revenue generation source," he said, citing other sources, including the mobile area, display advertising and Google's "export" business--or Chinese companies buying ads on Google's websites outside China. Google last year moved its mainland China search service to Hong Kong over concerns about censorship and alleged hacking. Its market share has fallen steadily since then, loosing ground to local rival Baidu Inc. (BIDU). Google's share of the China's online search revenue fell to 19.2% in the three months ended March 31, down from 19.6% in the previous quarter and a peak of 35.6% in the last quarter of 2009, according to Beijing research firm Analysys International. Baidu had a 75.8% share of the market in the three months ended March 31. -By Owen Fletcher, Dow Jones Newswires; (8610) 8400-7702; owen.fletcher@dowjones.com

Stock News for Baidu (BIDU)
DateTimeHeadline
05/06/201309:10:09Amazon Opens Chinese-Language Application Store
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02/11/201318:17:25Google Maintains Wide Global Search Gap, According to Data
02/05/201316:50:35TECH STOCKS: Tech Stocks Jump; Dell Buyout Now Official
02/05/201311:41:19TECH STOCKS: Dell's Plan To Go Private Takes Tech Spotlight
02/05/201310:16:52Correction to U.S. Hot Stock Futures Table
01/14/201304:29:49Baidu Targets Africa, Middle East With Orange Partnership
12/13/201215:30:20TIP SHEET: Henderson Fund Targets Tech, But Isn't So Social
10/29/201218:10:13Baidu Profit Rises 60%
10/29/201217:38:11Profit at Chinese Search Giant Baidu Rises 60%
10/26/201216:23:34U.S. EQUITIES WEEK AHEAD: Big 3's Earnings, Jobs Data, Six IPOs
09/21/201208:50:11Google To Shut China-Only Music-Download Service
09/03/201204:30:08Baidu Plans $1.6 Billion Cloud Computing Center
09/03/201204:15:29Baidu: To Invest About CNY10 Billion in Cloud Computing Center
07/18/201208:04:47TIP SHEET: Thornburg Fund Likes Emerging Markets With Positives
06/22/201205:17:06FOCUS: Battle Emerging In Less Glamorous Low-End Smartphone Market...
06/07/201217:36:40ADR Report: Shares Rise After China's Surprise Interest-Rate...
06/07/201213:30:08Apple Plans to Offer Baidu on iPhones in China

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