Google’s talks with China over censorship have stalled and it now appears that Google will leave the Chinese market entirely.
After Friday’s announcement that China would not cave on censorship regulations for Google, which came after Google announced that they would not censor their searches, this showdown seemed imminent. With neither party prepared to cave, the Financial Times is reporting that Google “is 99.9% certain” that they will quit the Chinese market.
Looks like Baidu’s share price will end up spiking again.
Google CEO Eric Schmidt was quick to emphasize that Google would not be quitting China entirely. “It’s very important to know we are not pulling out of China,” He said. “We have a good business in China. This is about the censorship rules, not anything else.” However, there is a growing fear among other Google executives that backlash from this decision will make staying in the Chinese market entirely untenable.
The Chinese government, who hardened their stance against Google’s plans to go censorship-free yesterday, still says that Google should remain in the country. Chinese Minister of Industry and Information Technology Li Yizhong said yesterday that, “Google has taken 30 per cent of the Chinese search market. If you don’t leave, China will welcome that, if you don’t leave, it will be beneficial for the development of the internet in China.”
What Mr. Yizhong doesn’t seem to understand is that it’s essentially impossible to continue to operate a business in a hostile state. Google (and other American companies) have been attacked by organs of the Chinese state.
The attacks on Google that spurred this whole controversy were carried out with Chinese software by Chinese botherders and hackers operating out of Chinese State Schools. For China to claim that they weren’t complicit in these attacks is entirely and completely absurd. While Google doesn’t command the search market in China, a Google-free China would be a China that is worse off.
One thing’s for sure, though. The guys at Baidu are partying their butts off right now, because this news will send their share prices sky-high.
China is a very lucrative market, and Google's gonna lose big time by leaving the country. So it's pretty commendable that they're taking this decision! However there's still India for you, Google. The way we're growing, we'll be all over China in less than 10-15 years and you're very, among the young generation here. India might not be a huge Internet market now, but that's rapidly changing. :)
China is a very lucrative market, and Google's gonna lose big time by leaving the country. So it's pretty commendable that they're taking this decision! However there's still India for you, Google. The way we're growing, we'll be all over China in less than 10-15 years and you're very, among the young generation here. India might not be a huge Internet market now, but that's rapidly changing. :)
Google will lose big time. Bing, Yahoo, Ask and any number of other companies will have no problem trying to pick up the slack. Google is to be commended for sticking by their principles regardless of whether we agree with them. China is also to be commended for sticking by it's principles regardless of whether we agree with them.
Title's deceiving. Google leaving China and Google saying they are “99.9%” sure they are leaving are two very different things. Whatever they say, it may be a bluff.
It is definitely good that huge companies like Google care about transparency, i don't think that Google will make silly decisions but neither would they get their business being controlled by government of China.
The fundamental concept that people luv Google for is because of having freedom in how and when to use their products/services…
“Google (and other American companies) have been attacked by organs of the Chinese state.”, This is what everyone thinks, including me. But it's actually demonstrated. An important detail, not to be discarded.
Google owns a lot of Baidu.
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Very interesting post, good to catch up
Sad news to China