This shouwas that while search goes down revenues go up:
Data released on Friday shows Google has lost market share to Baidu – its main competitor – for the fifth quarter in a row. The internet giant currently has 19.2 per cent share of the market, while Baidu has 75.8 per cent. That’ s a decline of 11.8 percentage points since the beginning of last year, when the search giant first announced its partial retreat from the mainland to Hong Kong.
But it’s not all bad news for Google. While it’s search engine numbers are declining, Google’s overall revenues from China are not. Prior to Google’s partial retreat to Hong Kong, the company had three main sources of revenue: companies looking to market their services outside China and who want to tap into Google’s Adwords service, websites who want to use Google’s display ad network called Google Adsense to monetise their web content, and its internet search engine.
Complete source: Google’s China market share: declining | beyondbrics | News and views on emerging markets from the Financial Times – FT.com.
About jrv
I was born in Spain and lived in France, Chile, USA and Belgium. Currently I am trying to settle down in Brasil. I am "retired", even though now I dedicate more hours "working" for my investments than I ever worked in the real labor market where I used to work in IT and Banking. I am a family man, I have a lovely wife, Bieke, 3 sons and one step daughter. I have humble tastes, I like to stay home and read about companies and investments.
I started investing at 25 before the internet bubble exploded. I did not know much about investing and liked technical analysis so my results were pretty bad. Fortunately I did not have much to lose. Some years later in 2006 bored of doing only real state investments and with quite a lot of money saved I opened an account in a cheap and excellent online broker and started again. This time I did not want to commit the same mistake, so I decided to follow a model. I heard that Warren Buffett was the best at making money via stocks so I started by reading a lot about him, all of his shareholders letters and several of the books that he recommended. I learned a lot, started applying his investing principles and reading a lot of 10K's. Digested news from lots of different sources. Basically I started buying very good and cheap companies and holding them for ever if possible and if nothing changed fundamentally. When the housing crisis started I was more than 75% cash. At that time I identified good companies at incredibly cheap prices so I invested most of my savings in stocks. In less than I year I doubled. By the second semester of 2009 I turned my software company into an investment vehicle and dedicated myself full time to it. My wife and I decided to change our lifestyle and moved from Belgium to the beach in Brazil, north east coast (see pictures here www.kuchita.com). The goal was to keep fixed costs low in order to be able to live with a minimum 6-8% yearly return but specially to move away from the inhuman life of civilization and to have finally some peace and sunny weather to concentrate better on investing. Now I can think and study about companies 60 hours a week and I am doing great. I can finally do what I want full time and can proudly say that I have never been so happy, specially also with my just born 4th son, my other great kids and my sweet wife who supports me fully while I study most of the day and patiently wait for the opportunity to make a swing !
You can learn a bit more about my portfolio by viewing it at www.kuchita.com/view/sumo.php or you may learn more about me and my family by following the link "Author's site" from the menu above.
