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How Google took on China–and lost
- mtgx 8y agoOr maybe the real losers are all the American companies that agreed to create "joint ventures" with Chinese companies getting 51% control of the venture and 100% of the American company's IP. All of these companies are a few years away from having several Chinese competitors pop-up overnight with their own technology and drastically undercutting them on price. Google should consider itself lucky for "losing China", but not giving Baidu the opportunity to create a competitive global search engine with similar indexing and ranking technology.
- malshe 8y agoI tend to agree with this point of view. Bullet train is a great example of this - https://www.wsj.com/articles/SB10001424052748704814204575507353221141616 https://www.wsj.com/articles/SB10001424052748704814204575507...