Google threatens to leave China
Posted on January 13, 2010 by John Trevors for Luckyroom.com
A withdrawal from the Chinese market is seriously being considered by Google Inc. the company that owns the most popular search engine on the internet, after an attack from hackers to users e-mail accounts in a protest to defend human rights. A statement issued late yesterday by the U.S. giant says it may close the site and offices in China, while noting that at least another 20 companies from various sectors have been affected by the hacker attack. Because of these attacks, combined with attempts at censoring the Internet, the company decided to stop “filtering” the results at Google.cn as the statement stressed. A possible departure from Google would deprive the company’s annual revenue by 600 million U.S. dollars as it used by 338 million Internet users in China. The spokesman of Chinese Ministry of Industry and Information Technology declined to comment, saying that he has no knowledge of the situation, while not commenting further.
The company announcement comes at a time when U.S. and China relationships are strained with regard to freedom of expression on the Internet, with U.S. Secretary of State Hillary Clinton preparing to present a strategy for more free web content which is not subject to censorship. It is noteworthy that shares of Google fell by $ 6.68, or 1.1%, to $ 583.80 in Post-trade.
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