According to iResearch Consulting Group, Baidu's share of the Chinese search market increased to 70.8% in 2Q from 67.8% in 1Q10 and from 63.6% in the year ago period. The total online search market grew an amazing 53.2% y/y to $390 million. Google's market share slipped to 27.3% from 29.5% in 1Q10 and 32.5% in 2Q09. Google's spat in China has cost the search engine valuable share points in China to the benefit of its chief rival Baidu. Recall that we have chosen Baidu as our top Internet pick.
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Monday, July 19, 2010
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