Welcome to WebmasterWorld Guest from 107.20.75.63

Forum Moderators: bill

Message Too Old, No Replies

China's Search Engines, Soso and Sogou Merge In $448 Million Deal

     
5:12 pm on Sep 17, 2013 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:22318
votes: 239


Baidu, China's version of Google, is set to face more intense competition with the merger of its third and fourth largest rivals.

Internet giant Tencent has announced its Soso search-related business will combine with Sohu's Sogou, according to a press release on Monday.

This was part of a deal which saw Tencent invest US$448 million in cash in Sogou, giving it a 36.5 percent stake, which could further increase to about 40 percent in future.China's Search Engines, Soso and Sogou Merge In $448 Million Deal [zdnet.com]
6:23 am on Sept 18, 2013 (gmt 0)

Administrator from JP 

WebmasterWorld Administrator bill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Oct 12, 2000
posts:14487
votes: 49


That clears up the earlier speculation [webmasterworld.com] of who would end up with Sogou's ~9% marketshare slice. Soso is a tiny property compared to the others, so their combined share still leaves them far behind Baidu and Qihoo...but that appears to have been TenCent's plan.
8:25 am on Sept 18, 2013 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:22318
votes: 239


I wonder if we're likely to see a continued strengthening of Baidu and a marginalisation of the smaller players.
9:19 am on Sept 18, 2013 (gmt 0)

Administrator from JP 

WebmasterWorld Administrator bill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Oct 12, 2000
posts:14487
votes: 49


Actually the smaller players have been growing, particularly Qihoo. It's Baidu's market-share that is being eroded...slightly. The smaller competitors in the China market are quite feisty and tenacious.