(Hat Tip: Globes Online)
It looks like Google is tapping the shoulders of an Israeli-Chinese browser in order to gain some much needed exposure (as Baidu is kicking their butt) in the China market.
(TechCrunch) Multiple sources are confirming that the Chinese/Israeli startup behind the Maxthon Browser has sold a minority stake to Google. The total investment size is rumored to be around $1 million. We are also hearing that this investment is part of a "much larger strategic deal" between the two companies.
Maxthon has had over 80 million downloads of its browser, and over half of its users are in China. Maxthon-originated searches may account for up to 25% of total Baidu traffic, according to one source.
From what I hear Maxthon is a cross between IE7 and Firefox, with more of the former than the latter mixed in. Either way, it has caught Google's attention, whose focus seems to be geared on over throwing Baidu with Google China.
Is it me, or does Google seem a little too obsessed on dominating the world?
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