Google is giving itself about five years to unseat Baidu.com's dominance for Internet search in China, The Wall Street Journal reported Monday night.
"We would like to aspire to be a market leader in five years," Kai-Fu Lee, president of the Google's Greater China operation, told the Journal. Google also is examining possible investments in social networking and , he said.
Shawn Wang, chief financial officer for Baidu.com, the leading search engine in China, died Thursday in an accident while on vacation during the holidays, the company said in a statement.
(Credit:
Baidu.com)
The company did not elaborate on the details of the accident.
"We are all completely shocked and deeply saddened by this tragic news," said Robin Li, Baidu.com's chairman and chief executive.
Wang joined Baidu in 2004, four years after its founding, to lead it to a successful initial public offering on NASDAQ in August 2005. Earlier this month Baidu.com became the first Chinese company to be included in the Nasdaq 100 index.
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