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China's largest e-commerce company Alibaba Group entered the search engine business so that China's leading search engine, Baidu, wouldn't sleep well, Alibaba CEO Jack Ma said over the weekend.
"If Baidu sleeps well then China's Internet users won't sleep well," Ma said during a speech at the company's annual Alifest this weekend.
Alibaba, best known for its Chinese e-commerce websites, launched a beta version of its new search engine last year called eTao.com. This put the company in competition with Baidu, which dominates China's search engine market with an 80% user market share, according to CNZZ.com, an Internet analytics web site.