Baidu’s shares have gained 72 percent this year, apparently for very good reason. The Chinese search engine is doing to Google what few others have managed to do: dominate it in search. Little wonder, then, that Baidu delivered another strong quarter this week.
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According to the International Federation of the Phonographic Industry, 99 percent of all digital music distributed via the Internet in China is pirated. But that doesn’t mean it can’t be monetized, as Google hopes to prove. Today the company launched a new music search service that allows Internet users in China to legally download music–for free.
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Seven hundred dollars. What a nice, big, round number that is. Nicer still if you happen to be a Google shareholder. Because this morning Google’s stock passed the $700 milestone for the first time, hitting $707.
Astonishing. Since mid-September, Google’s market cap has increased more than 30%, reaching $220.68 billion. Which, as Silicon Alley Insider’s Henry [...]
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