Baidu to Invest Billion to Build R & D Center in Shenzhen
Baidu Inc.the behemoth of Chinese language Internet search, intends to invest and capitalize a large sum of CNY 2 billion into building a Research and Development center as well as a center for operations for international and South China in Shenzhen. The project will be set in Nanshan District where the research and development of the largest and most expensive Internet Operating System will be launched.
The company offers a Chinese language search platform, which entails Web sites and certain online application software. The company primarily provides Chinese language Internet search services to give users easy and quick access to find pertinent and significant information online, including web pages, news, images and multimedia files, through links provided on its websites.
According to iResearch data released at the start of 2011, Baidu led the race and smoked the competitor with up to 83.6 percent share in the Chinese language Internet search market last year, compared to Google’s 11.6 percent.