THIS DAY ONLINE -- Aug 29 -- In an attempt to compete with Baidu – which dominates the Chinese search market with a 58.1% share – Google has acquired an unspecified stake in Chinese community website Tianya.cn. Google, with its 22.8% share, also has won preliminary approval from Beijing to provide Internet content in the country. With about 162 million web users, China is the world's second-largest Internet market after the U.S. FULL ARTICLE @ THIS DAY ONLINE
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Google Buys Stake In Chinese Social Networking Site
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