Saturday, September 18, 2004

Chinese search site Baidu acquires directory Hao123

Baidu.com Inc., China's biggest Internet search site, on Thursday said it had acquired Hao123.com, a popular Chinese search directory, as Baidu seeks to fend off global players now eyeing the Chinese market.

This looks like a good move for Baidu.com buying a popular directory as the Chinese search engine market heats up. Consider this; Yahoo! owns Chinese search company 3721, and also recently launched a Chinese-language search portal. Google has acquired a minority stake in Baidu.com Inc. dt

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