Google to buy stake in Xunlei
By Wang Xu (China Daily)Updated: 2007-01-04 10:12
Google Inc, the most-used search engine, will buy a stake in Xunlei
Networking Technology Co Ltd, a Chinese peer-to-peer file sharing network
operator.
"We will announce the details of the deal tomorrow," said
Xunlei spokesman Jackson Zhang.
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Shenzhen-based Xunlei provides a peer-to-peer file sharing network and download accelerating services. More than 80 million users have installed its download accelerating software and its websites attract more than 50 million visitors a day, the company said.
Analysts said Xunlei's huge user base could help boost Google's growth in China, where it is struggling to catch up with local competitor Baidu.com.
 A Google Inc display at a recent information technology exhibition in Beijing. [China Daily]  |
"Xunlei could allow Google to bundle its toolbars to Xunlei's software and websites, and thus help increase Google's users," said Tiger Hou, research director at the iResearch Consulting Group.
Google, which launched its Chinese website earlier last year, has been scrabbling for market share, and faces fierce competition from both Baidu and Yahoo.
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