China's search market expected to surpass
Japan by 2011, hitting 10 billion Yuan.
Yahoo Japan is valued at 23 billion
dollars. The report says we will get 76%
growth this year, and the number will hit
10 billion Yuan by end of 2010.
For 2007, iResearch estimates 2.9 billion
Yuan, with Baidu at around 60% in market
share. 2.9 billion * 60% is 1.769 billion
Yuan. Converting to dollars at today's
rate, we get 246.282 million dollars, right
at the high end of analyst estimates.
China org daily