Google and Baidu want to expand in online video business in China

Google and Baidu want to expand in online video business in China

Google is the world’s leading search engine service provider while Baidu dominates the Chinese market in the same segment.

Now, both these internet companies are working independently on expanding their online video operations.

Incoming reports state that the two companies have had early discussions with some local video Web sites for potential business cooperation or possible acquisitions.

Google has already made significant investment in this field by acquiring the world’s most popular online video sharing website YouTube.com.

An inside source has been quoted as saying: “Google and Baidu have the same idea of expanding their online video business in China, though they are still studying a variety of business proposals. I think it’s a very natural move. Especially for Google, it definitely wants a local version of YouTube as it already established the Chinese version of the Google Web site.”