Google Acquires Four Percent Stake In Chinese Video Site

Jan 8, 2007 | 148 views | by Navneet Kaushal
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Google has invested nearly $5 million to gain four percent stake in Chinese web site, Xunlei.com. This site enables users to download music and video clips from Internet. Google has not revealed financial details of the deal. Sources close to Google informed that the search engine giant has invested in the Chinese Web site to promote its products in China's fast-growing Internet market. Although, Google is the most dominant search engine in World, but in China,it is far behind the local search engine Baidu.com. Will the recent deal strengthen Goolgle's hold in China?

4.thumbnail Google Acquires Four Percent Stake In Chinese Video Site

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Google Acquires Four Percent Stake In Chinese Video Site
4.thumbnail Google Acquires Four Percent Stake In Chinese Video Site