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Friday, 9th July 2010

Google's License to Operate in China Has Been Renewed

From a BBC Post:

"We are very pleased that the government has renewed our ICP (internet content provider) licence and we look forward to continuing to provide web search and local products to our users in China," Google's lawyer David Drummond said an e-mailed statement.

More from Bloomberg/BusinessWeek

Google risked getting expelled from the world’s largest Internet market after the government objected to the practice that was adopted in March. The operator of the world’s most-used search engine earlier said in January it was no longer willing to comply with Chinese government regulations for Web sites to self-censor content.


Google said last week it added a link to its unfiltered Hong Kong site on the google.cn homepage, instead of directing users automatically, and submitted a revised license application to the government based on the practice. That allows the company to “stay true” to a commitment not to self-censor search results in China while adhering to local law, Chief Legal Officer David Drummond said at the time.


Google’s market share in China fell to 30.9 percent in the first quarter from 35.6 percent three months prior, according to data from research firm Analysys International. Baidu’s share increased to a record 64 percent from 58.4 percent, according to Analysys.

Bank of America Corp.’s Merrill Lynch estimated in April Google would generate $160 million in sales this year from China. That’s less than 1 percent of the company’s projected total revenue this year, according to the average of 29 analyst estimates compiled by Bloomberg. It earned sales of about $335 million from China in 2009, according to Analysys.

Access the Complete Article from Bloomberg/Newsweek

See Also: A New Ten Item Roundup of Google News Posted Thursday Night

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