Net industry Eyes China

From SFGate: Net industry Eyes China

"China's burgeoning Internet industry is increasingly being challenged by U.S. competitors including Yahoo, Google and eBay.

Major American Web sites have paid varying degrees of attention to China through the years, but they're all focusing intensely on the country these days.

Last year, Sunnyvale's Yahoo bought 3721 Network Software, a Hong Kong firm that creates search technology and that has major operations in Beijing.
Mountain View's Google made a minority investment last year in Baidu.com, the Chinese search engine. It also disclosed this week that it had received the Chinese government's approval to open an office in China.
EBay's management is pouring money into its China subsidiary as its U.S. business slows. The San Jose company bought the operation, Eachnet, in 2003."

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