Google to boost presence in China

Google to boost presence in China

There is no doubt that Google wants to become the leading search engine company in the Chinese market which is currently dominated by local giant Baidu.com.

The company is planning to make acquisitions and increase their investments here to boost their presence.

Kai-Fu Lee, president of Google China said in a statement on their china plans: “Over the next year, Google will acquire one or two companies in China, and invest in four to five companies.”

The company did not reveal in which companies would they be investing in the coming months.

Eric Schmidt, Google’s chairman and CEO had said about their China plans sometime back: “It’s a very good start and although we don’t think that this will result in an immediate huge success, we think that the tenacity of Google … will bring significant victories in China over the next few years.”