The number of people online in China is 52% greater than the entire U.S. population. But don't expect that many U.S. Internet companies will benefit from those 485 million Chinese Internet users. The sky-high stock valuations on China's native firms highlight their strong local advantage.
New data shows that Google's share of the global online search market slipped in the second quarter, largely due to the company's troubles trouble in China. Has the Internet giant's search business peaked?
Baidu, which by most measure has over 70% of the China search engine market, announced that its profits doubled in the second quarter.