Google, the firm which everybody fimilar with, has announced that it will evacuate from the market of our great China, a week before its Q4 financial report. The main reason which Google has provided is that some of the users accounts have been hacked by the government of China. So, by evacuating from the market, users accounts will no longer be hacked since gmail or Google will not exist in China anymore. Is that how Google wants the story to end?
Here are some information of Google.cn :
- Google controls about 31.3 % of chinese web search vs 61.90 % of baidu
- Google.cn started its business in China in 2006
- Google generate about 200M US dollar annual sales in China
- Several hundred salespeople and engineers in the country in 3 offices: Beijing, Shanghai & Guangzhou
- Baidu employs about 4000 sales and customers service personnel alone.
From the data, we can see that Google.cn is doing good. Several hundred of salespeople and engineers generated about 200M US dollar annually in the past. In fact, Google will not give up this piece of hot cake. Under the situation of US and Europe market have been saturated, it is a good time for Google to expand its business in Asian countries like others big corporation are doing.(e.g HSBC, SOROS Funds...)
To fight for market shares, Google decided to induce the high moral selling point, " PRIVACY ". So in the coming futre, if Google.cn still exist in China, Google will provide you with the highest privacy in China. Neither your wife, nor the GOVERNMENT can touch or read your gmail. The bottom line is, it successfully created a private, secured and safe image to the public right before the Q4 financial reporting. Will this goodwill increase its potential earning in the future? Will Google evaculate from China? Will Google stock price boost up if China make up some agreement with Google in the coming short future. You shall have the answers.
Thanks
Paul Ink
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