Google is at last getting some good news in China, the stock market analysts are declaring the battle with Baidu to be over, with Google the loser. Considering their track record, should I be changing my predictions of continued Baidu dominance?
Google desperately wants to break into China. Google only finds itself falling behind Baidu, at least relatively. Instead of trying to make their pile in China they are obsessed with being number one.
Now Eric Schmidt is angling to get the American government to intervene, calling Chinese net censorship a trade barrier. Then the plan is for the American government to intervene against Chinese imports.
This is mad for two reasons. Firstly Google could harm American citizens through their special pleading, and these American citizens – even in these protectionist times – may not appreciate this.
Secondly countries and societies have a perfect right what they wish to restrict. Google doesn’t like gambling and gun sites, which is commendable. Almost no country will allow certain types of explicit images – and prosecute people to the ends of the earth for offering or even viewing these. The American government stops free speech with British gambling sites.
China is no different. More repressive, yes. But national sovereignty means that things such as net censorship are rightly the matter of the governments.
I tend to avoid investor articles on Baidu, but this one neatly summarises a certain view of Baidu as a big growth stock. I don’t agree with the idea that Google doesn’t rate, as they have a large share of the high end of the market.
Bloomberg has a rather gloomy article (well for Westerners) about how Western internet companies can never get to the number one spot. (Google could tell them, if it had any sense, that number two spot is lucrative enough thank you).
A rather comical piece about how Google Earth managed to break the news of a Chinese nuclear submarine.
He talks about Baidu, why Google’s not doing well, online payment, what the Chinese online market is like and even a bit about Alibaba.