In an interesting sign of what I believe may be things to come in East Asia, we see a major Chinese Internet company, baidu.com, looking towards Japan as a new market opportunity. Relevant language skills and a rich, albeit slow-growing, market make Japan a natural destination for Chinese IT and media skills.
Reuters reports that the market liked this and that Baidu shares were up 2% on the news. Analysts, however, were sceptical, noting that Japan is competitive and that Baidu may find entering the market harder than they think.
Tuesday, December 05, 2006
Baidu looks to Japan
Posted by Paul Woodward at 10:33 am
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