Google Says Bought Stake in China's Xunlei

   Date:2007/01/15

Google Inc., the world's largest search engine, has bought a stake in China's Xunlei Network Technology Co, which provides file-sharing and other services.Terms of the deal were not disclosed by Google, although the China Daily earlier reported that Xunlei planned to announce the details soon. 

More than 80 million users have installed Shenzhen-based Xunlei's software and its Web sites attract more than 50 million visitors a day.Baidu.com Inc. controlled nearly 57 percent of China's search-engine market at the end of June.

Sources have said both Baidu and Google, which has only 16 percent of the China market, are exploring options to expand their online video services in the world's fourth-largest economy.

The moves come after Google closed its $1.65 billion acquisition of top online video-sharing site YouTube. Baidu also launched its own Chinese-language video Web channel on a trial basis a few months ago.

 

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