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Not just profits. Also influence. Each company wanted to spread it's products globally. Google tried this. But government kept blocking them causing slow intern
by nashashmi 9y ago
Not just profits. Also influence. Each company wanted to spread it's products globally. Google tried this. But government kept blocking them causing slow internet. The miserable experience plus targeted hacking destroyed their morale for staying in.
- adventured 9y agoInterestingly for Google, it didn't add up to much in terms of missing out. Much like Russia and Yandex, the odds were slim that Google was going to beat out Baidu on their own turf for various reasons. In the case of Baidu, they ended up being a non-threat outside of China. As China gets a lot more aggressive on censorship and content control in the coming years, Baidu's chances of truly going global will dwindle to zero. Lately Baidu has been looking at search as their past, because they know they've lost and hit a wall there in terms of any global search ambition, so they're burning their resources on trying to play in other categories vs Alibaba and Tencent. Meanwhile since Google was pushed out of China, they have become a near trillion dollar juggernaut. Since fiscal 2009, Google has grown from $23b to $109b in sales. They're about nine to ten times the size of Baidu and growing as fast. That's the cost of being stuck inside of China, while Google is stuck outside of China.