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Technology Stocks : Baidu (BIDU)
BIDU 124.40+0.5%3:59 PM EST

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To: manalagi who wrote (1386)7/15/2010 10:15:40 AM
From: manalagi   of 2098
 
Baidu Plans to Add 200 Engineers in Shanghai to Boost Technology Research

By Mark Lee - Jul 15, 2010

Baidu Inc., operator of China’s biggest Internet search engine, said it plans to add 200 engineers in Shanghai to boost its technology research.

The proposed hirings are part of “a continuous process” of bolstering research and development, Kaiser Kuo, Baidu’s spokesman in Beijing, said by phone today. The company has about 80 engineers in Shanghai at present, Kuo said.

Baidu seeks to maintain its lead in the world’s biggest Internet market after main rival Google Inc. last week secured its operating license from the Chinese government, defusing a six-month dispute with regulators on Web censorship. The Beijing-based company recently boosted efforts to hire engineers from the U.S., according to Kuo.

The Chinese company’s main research center will remain in Beijing, where it has more than 2,000 engineers, Kuo said.

Baidu had 64 percent of the Internet search market in China in the first quarter, expanding from 58.4 percent three months earlier, according to research company Analysys International. Google’s market share fell to 30.9 percent from 35.6 percent, according to Analysys.

To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

bloomberg.com
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