Internet

Google dumps Baidu shares

Posted by Jeremy Goldkorn, June 23, 2006 3:24 PM
baigoo.gif
Goodbye to Baigoo
From the Financial Times:
Google sells stake in China’s Baidu

Google Inc. has sold its roughly 2 percent stake in rival Baidu.com Inc. on May 25, the market leader in China’s Internet Web search market, according to a U.S. regulatory filing released late on Wednesday.

A form 144 insider stock sale registration was filed with the U.S. Securities and Exchange Commission by Google detailing the sale of 749,625 Baidu Class A ordinary shares.

As a pre-IPO insider, Google was restricted initially from selling its holdings in Baidu following its high-flying initial public offering on Aug. 5, 2005.

“We have disposed of our modest investment in Baidu,” Google spokeswoman Debbie Frost confirmed. “It has always been our goal to grow our own successful business in China and we are very focused on that,” she said in an e-mailed statement.

Links and Sources
  • Imagethief: Google drops Baidu stake
  • Image from comparison search engine Baigoo which is not connected to Google or Baidu by any business relationship
 
There are currently 0 Comments for Google dumps Baidu shares.
<< The great African shmoozefest | Thoughts on leaving college >>

Post a comment

All comments are moderated and subject to review by Danwei contributors and editors, but well-grounded and articulate comments will be published regardless of which way they lean. Because comments published on any website ultimately contribute to the character of that website, we may decline to publish comments that are irrelevant, redundant, or that do not adhere to generally accepted standards of courtesy; if you are looking for a fight, there are plenty of other venues available online.


Some useful html: <b>bold</b>, <i>italic</i>,
<a href="http://www.danwei.org">link</a>
Jobs in China
+ Beijing: Special Education Needs Teacher
+ Beijing: Blue Ocean Network seeks TV Production Professionals
+ Beijing: American Chamber of Commerce seeks a Website Editor
more...
Recent Comments
J B on Screw the elderly, I'm keeping my bus seat
Scott Loar on The Internet wages war on the liberal media
abde on Controversy over compulsory running after high school death
Bankers ar on To die poor is a sin
axis on The slapped historian speaks
BloggerBil on Grass-roots journalism meets the modern news weekly
Andy on Olympic Model Workers: The best of the China blogs
Ayse V. on 19 year-old girl arrested for gory murder
Danwei.TV
+ The real Beijing
+ The Crystal Palace of the Forbidden City
+ China’s creative deficit?
more...
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
+ English-language blogs about China
+ Chinese blogs, aggregators, and forums
China Media Timeline
Major media events over the last three decades
+ 1978-1988
+ 1988-1998
+ 1998-2008
Books on China
Leslie_Chang_Factory_Girls_s.jpg
To die poor is a sin: An excerpt of Factory Girls by Leslie T. Chang.
In Wang Shuo's No Man's Land: Geremie Barme addresses Wang Shuo's 千万别把我当人.
Swimming with Mao, a memoir essay: This memoir piece is by Xujun Eberlein, author of the new short story book Apologies Forthcoming'.
more...
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Let the Spiel Begin by Geremie R. Barmé (2006.07): Zhang Yimou, the Olympics opening ceremony, and a historically positive song and dance epics.
+ Dreck, the new bestseller by your local party secretary (2006.10): Li Dalun writes books, Yu Qiuyu gives advice on officials writing, and two columnists discuss the corruption involved in publishing officials' works.
+ People: Tina Liu (2004.09): Tina Liu is Hong Kong's most prominent image stylist, but her mercurial career has involved her in almost every aspect of Hong Kong's media world.
more...
Popular Tags
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main posts: All main page posts
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30
twitterchiclet.png Danwei's Twitter feed