On Monday, the peoples daily, published in the overseas social media platform Twitter and Facebook, responded to Googles plan to return to China on a filtered version of the search engine, welcoming Google to return to the Chinese mainland, but the premise is to comply with Chinese law.
In the last eight years of the absence of Google, the Internet market pattern has changed rapidly, and the number of mobile Internet users has more than doubled, from 303 million in 2010 to 753 million now.
The article quoted the news of a recent American media Intercept that although Googles intention to launch a filter search engine in China has not been confirmed, many Western media and American politicians sneered at the news, saying that Google was capitulation to Chinas trial system and condemned it to each other. The one slap of the freedom of the Internet.
The article argues that the bigger mistake of Google is its own positioning:
Any move towards Googles return is bound to be linked to the mainlands Internet management policy. Google has always been a politicized brand whether it is withdrawing from the mainland market or planning to return. This is undoubtedly the tragedy of the well-known multinational company.
Subsequently, the article took a turn, saying that opening up is the consensus of Chinese society, maintaining the openness of the Internet is very important. Therefore,
Google is welcome to return to the mainland, but the premise is that we must comply with the relevant laws and regulations.
Moreover, many countries have admitted that cyberspace also has sovereignty and borders, which must be regulated by laws and regulations. No country is allowed to be full of pornography, violence, subversive information, ethnic separatism, religious extremism, racism and terrorism on the Internet.
Therefore, China will adhere to the implementation of laws on Internet management to ensure that activities in cyberspace are socially safe. This is the bottom line of Chinas Internet management and should be respected by all foreign Internet Co in China.
The article emphasizes:
Whether or not to return and when to return depends on their own (Google) attitude. Only by respecting local laws and regulations and respecting local customs and habits can we win the favor of local consumers and markets.
Analysts believe that this will pose a business threat to Chinas local search engine companies. If Google can return to China within the next 6 to 9 months, Baidu may lose an important position and share in the search engine market, said LingVey-sern, an analyst at Bloomberg, in August 3rd, the Hongkong South China Morning Post.
The market reacted strongly to Googles return to mainland China. In August 1st, Google, the largest search engine company in the United States, fell nearly 8% on the day of the first Google market to restart the search business of dragonflies, the largest search engine in the United States, and the market value fell to $80 billion. Yesterday, Baidu shares fell again, down 1.14%. (below)
Overnight, however, Googles stock price was stable, with a slight increase of 0.09% during the day, which was $1224.77 and fell 0.14% after the session. The stock hit a record high of $1273.89 in July 27th.
Google to the left, Facebook to the right
According to Wall Streets knowledge and analysis, both Google and Facebook are interested in returning to the mainland market. However, the goals of the two companies are not the same.
Googles compliance edition search engine is likely to be a pretence - after all, the entire search market has not increased. Behind the false attack, the toB business cloud is really a big move for Google. At present, Chinas cloud service market is rising rapidly. Last year, the whole public cloud market was $4 billion, and IDC forecast the growth rate of Chinas cloud market will be up to 35.7% in the next 5 years. And Facebook just wants to come to China to sell advertising - to build a domestic subsidiary to help Chinese companies to put advertising in the overseas market for closer business and more meticulous services. (Qi Yue) * this article is from Wall Street (WeChat ID:wallstreetcn). Source: editor of Wall Street news and responsibilities: Wang Fengzhi _NT2541
Googles compliance edition search engine is likely to be a pretence - after all, the entire search market has not increased. Behind the false attack, the toB business cloud is really a big move for Google.
At present, Chinas cloud service market is rising rapidly. Last year, the whole public cloud market was $4 billion, and IDC forecast the growth rate of Chinas cloud market will be up to 35.7% in the next 5 years.
* this is from Wall Street (WeChat ID:wallstreetcn).