Microsoft To Remain In China (MSFT, GOOG, BIDU)
Microsoft (NASDAQ: MSFT) has confirmed its strategy to stay put in China. Microsoft has indicated that it is not likely to follow Google’s lead in challenging Chinese authorities. The software giant has kept an unusually low profile in China. In an interview with Reuters, Microsoft’s Zhang Yaqin said, “Regardless of whether or not Google (NASDAQ: GOOG) stays, we will aggressively promote our search and cloud computing (in China)."
Microsoft chief executive officer Steve Ballmer has also earlier indicated that the company has no intention of pulling out of China. According to a Chinese minister Li Yizhong, the Chinese government is engaged in talks with Google (GOOG) to resolve the issues. Google declined to comment on the situation. Google has 31.3% market share of the $293 million Chinese web search market. Baidu (NASDAQ: BIDU) leads the pack with a 63.9% share.
