Like almost all of the American Internet giants that have ventured this far, Google is losing in China. So too, are eBay, Yahoo and Amazon. But flush with cash, Google — the world’s leading search engine company — is beginning to invest heavily in research and development here. In its latest move, announced Friday, Google struck a deal to invest about $5 million in one of the country’s fastest-growing Internet start-ups, Xunlei.com, according to people close to the deal.That follows another hook-up this week, when Google said it would team with China Mobile, the country’s dominant, government-owned mobile telephone carrier, to offer mobile search services using the Internet.
Source: New York Times
