The vice president of Xinhua, Zhou Xisheng, said that "under the name of''New Media International Search Engine Communications''la company will create a market-leading search engine.
Zhou pointed out that "also work on developing business in the Internet sector, print media and advertising."
He added that "the search engines play an increasingly important role in disseminating information and its impact on public opinion."He also stated that the project is an effort by China to safeguard its computer security and promote orderly development of new media.
Internet Browser of China
For its part, Sha Yuejia, Vice President of China Mobile, said the search on the Internet has "a great market potential, but is itself extremely competitive."
"The new company will leverage the advantages of both parties to provide products and services attractive and competitive", he added Shah.So far, neither side has declined to provide details about when the company will start operations and how much capital will be invested.
The number of Chinese Internet users reached 420 million at the end of June, the largest in the world, thanks to increased connections via mobile phones.China overtook the U.S. as largest Internet market in the world in February 2008, when it reached 221 million users.
For its part, Sha Yuejia, Vice President of China Mobile, said the search on the Internet has "a great market potential, but is itself extremely competitive."
The number of Chinese Internet users reached 420 million at the end of June, the largest in the world, thanks to increased connections via mobile phones.China overtook the U.S. as largest Internet market in the world in February 2008, when it reached 221 million users.
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