Baidu to Set Up Brazil Office
Beijing Times, 2/16/12
The Chinese Ministry of Commerce has announced on its web site that internet company Baidu (Nasdaq: BIDU) is opening an office in Sao Paulo, Brazil, for the purpose of understanding the Brazilian and Latin American markets and to establish the company's development strategy in the region.
According to Brazilian media reports, the manager responsible for the Latin America business disclosed that Baidu will enter Brazil in order to compete directly with Google. Baidu later confirmed this was in fact its intention.
Keywords: online search overseas Internet Latin America Baidu Google Ministry of Commerce Brazil BIDU
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