SHANGHAI Nov 7 Google's China's market share
will grow compared with other markets next year despite the
downturn from the global financial crisis, the head of Google's
(GOOG.O) China operations told Reuters on Friday.
Kai-Fu Lee, co-president of Google China, said China was the
best performing market globally in the third quarter, but
declined to forecast the growth rate for 2009.
Lee was optimistic that Google would continue to attract
online advertising clients, despite the economic slowdown.
"Even if companies cut down advertising spending in general,
the advertising spending on Google is relatively unlikely to be
"Clients approve the advertising mode of Google, because we
guarantee it be well-targeted," said Lee on the sidelines of an
But Lee recognised the uncertainties and challenges brought
on by the global financial crisis.
"It is very difficult to predict the future of the financial
crisis. If companies stopped advertising, or closed down, no one
would be immune."
While Google dominates much of the global web search market,
in China, Baidu (BIDU.O) holds a majority of the market share.
Lee said this year's recruitment plans had not been affected
by current economic conditions, but said headcount growth would
slow down as the company matures.
"Google has already a sizable team in China, and it is
impossible to keep annual three-digit increases as in the past
few years," Lee said.
(Editing by Jacqueline Wong)