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|24th June 2006, 06:57||#1|
Google sheds China investment
Google has sold a stake in the Chinese search engine-cum-portal, Baidu. Google bought a 2.6 per cent share in the company June 2004, shortly before its own public floatation.
Since then, Google had a change of strategy and opted for a direct involvement in China. In May last year, it applied for a license to operate in the PRC, and in December began to co-operate with the government's censorship mandates, the 'Great Firewall of China'.
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