{"id":64947,"date":"2010-04-29T12:04:52","date_gmt":"2010-04-29T19:04:52","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=64947"},"modified":"2010-04-29T12:04:52","modified_gmt":"2010-04-29T19:04:52","slug":"google-exit-appears-to-benefit-top-china-rival-baidu","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/04\/google-exit-appears-to-benefit-top-china-rival-baidu\/","title":{"rendered":"Google Exit Appears to Benefit Top China Rival, Baidu"},"content":{"rendered":"

Since Google moved its Chinese search engine<\/a> to Hong Kong, Baidu has made rapid gains in the mainland market, Reuters reports<\/strong><\/a>:<\/p>\n

\nBaidu posted first-quarter net profit of 481 million renminbi, or $70.4 million, up from 181 million renminbi a year ago. Analysts expected profit of 366 million renminbi, according to Thomson Reuters data.<\/p>\n

\u201cIt\u2019s not going to happen overnight, but over time Google\u2019s traffic will decline gradually, and over time we expect one-third of the advertising dollar to shift to Baidu,\u201d said Elinor Leung, an analyst for CLSA in Hong Kong, who said that could take two or three years.<\/p>\n

Baidu captured more than 64 percent of China\u2019s Internet search market in the first quarter, up from 58.4 percent in the fourth quarter, while Google\u2019s share fell to 31 percent from 35.6 percent, according to the research company Analysys International. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Since Google moved its Chinese search engine to Hong Kong, Baidu has made rapid gains in the mainland market, Reuters reports: Baidu posted first-quarter net profit of 481 million renminbi, or $70.4 million, up from 181 million renminbi a year ago. Analysts expected profit of 366 million renminbi, according to Thomson Reuters data. \u201cIt\u2019s not […]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,7,6,5],"tags":[5957,8458,1297,61],"class_list":["post-64947","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-information-revolution","category-sci-tech","category-society","tag-baidu","tag-googlecn","tag-it-industry","tag-search-engines","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nGoogle Exit Appears to Benefit Top China Rival, Baidu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2010\/04\/google-exit-appears-to-benefit-top-china-rival-baidu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Google Exit Appears to Benefit Top China Rival, Baidu\" \/>\n<meta property=\"og:description\" content=\"Since Google moved its Chinese search engine to Hong Kong, Baidu has made rapid gains in the mainland market, Reuters reports: Baidu posted first-quarter net profit of 481 million renminbi, or $70.4 million, up from 181 million renminbi a year ago. Analysts expected profit of 366 million renminbi, according to Thomson Reuters data. \u201cIt\u2019s not […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2010\/04\/google-exit-appears-to-benefit-top-china-rival-baidu\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-29T19:04:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sophie Beach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta 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