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Strategies & Market Trends : Greater China Stocks

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From: tom pope	5/2/2016 9:07:49 AM
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From Fortune Dubious medical ads are creating trouble for the Chinese search engine. Baidu, the dominant search engine in China, is being investigated by government regulators after social media users criticized the quality of medical ads appearing in its searches. Chinese social media over the weekend gave widespread exposure to the story of Wei Zexi, a young cancer patient whose family pooled together more than $30,000 for his treatments at a government hospital he found through a Baidu search. The hospital marketed an innovative treatment for synovial sarcoma, the rare form of cancer Wei suffered from. Following an unsuccessful treatment and Wei’s death in April, reports spread that the treatment was much less effective than the hospital had advertised. The Cyberspace Administration of China (CAC) sent investigators to Baidu today, according to China’s official Xinhua news agency Baidu has endured criticism recently for similar instances in which dubious medical practices were promoted in paid search results. Baidu says around one quarter of its revenues come from medical and health-care advertisers.

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