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'.