SHANGHAI Oct 19 China's search market in the
third quarter grew 59 percent over the previous year as the
country's leading search engine, Baidu Inc (BIDU.O), continued
to eat into Google's (GOOG.O) market share, a research report
said on Tuesday.
China's search market hit 3.13 billion yuan ($471 million)
in revenue in the quarter with Baidu dominating market share
with 72.9 percent while Google had 24.6 percent, said technology
research firm iResearch.
China is the world's largest Internet market by users with
more than 400 million going online.
Google also said on Tuesday its termination of contracts
with seven large Chinese advertising resellers will go into
effect on Oct. 27.
The termination of the contracts with the seven AdWords
resellers will have a positive impact on Baidu, analysts said.
(Reporting by Melanie Lee; Editing by Jacqueline Wong)