There's competition to Microsoft, Apple and Google
Inc(NASDAQ:GOOG) in the browser market and it is coming from none other than
local Chinese online hero, Baidu.com, Inc. (ADR)(NASDAQ:BIDU).
Baidu, which has about 80 percent of the search engine
market in China, has released its own browser that will counter Apple's Safari
and Google Chrome in China. The new browser is expected to be 20 percent fester
than its rivals.
Releasing the new browser on Friday last week, Baidu
said that it will allow users to watch video without having to source external
applications from the Internet.
Last month Baidu's complacency was shaken when
U.S.-based Qihoo 360 Technology, launched its search engine in China and
straightaway managed to garner a 20 percent share of the market.
Baidu is trying to convert its web traffic into
revenues with sale of contents, apps and advertisement. It also plans to expand
its operations to Chinese Android smartphones later in the year.
Jenifer Li, Baidu’s CFO, revealed that plans to set a
cloud computing centre were in the pipeline. She further revealed that the
company would pump $1.6 billion into the project. Cloud computing is a huge
income earner for search engines, and Baidu expects to glean huge returns in
this market.
Get Free Research
On The Online Industry Here
Baidu is trying to take advantage of the rivalry
between Samsung and Apple that has also sucked in Google into the fray. The
ramifications of that bitter rivalry may well extend beyond U.S. shores into
China
The rivalry between Apple and Samsung has more to it
than mere patents. Apple is killing two birds with one stone. By taking Samsung
down, it also eliminates a lot of threats from Google.
Baidu.com therefore has a chance to squeeze its way
into the mainstream market, as Google and Apple are still caught up in neck
deep rivalry and unnecessary distractions.
No comments:
Post a Comment