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Google Close To Gaining Chinese Regulatory Approval

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thumbs_up July 9, 2010 (Chinavestor) Google (Nasdaq:GOOG), the largest provider of Internet search services, said it expects China to grant it regulatory approval to continue operating in China. Beijing and Google (Nasdaq:GOOG) have a had tense relationship in recent months after the California-based company refused to oblige the Chinese government censorship standards.

 

Google (Nasdaq:GOOG) shuttered its Chinese search engine in March, allowing China-based rival Baidu (Nasdaq:BIDU) to exert eveny more dominance in its home market. Google (Nasdaq:GOOG) had been redirecting Chinese users to its uncensored Hong Kong Web site, but that move ended last week after government officials warned the company could lose its license.

 

Google (Nasdaq:GOOG) still wants to operate a Web site in China offering music and other services, the Associated Press reported. Cyber attacks on Google (Nasdaq:GOOG) have been traced to China following the company's refusal to go along with Chinese censorship standards.

Baidu (Nasdaq:BIDU) has 60% share of the Chinese search market, double Google's (Nasdaq:GOOG) market share.



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