According to Morgan Stanley, CCTV, China Central
Television, called Baidu's paid listing practice questionable
given unauthorized non-licensed websites that are listed
ahead of legitimate websites and other websites that are
largely blocked because they don't have the financial
resources to afford keywords. The firm said
Focus Media (FMCN) was the subject of a similar incident
by CCTV in March, 2008, and shares went down 35% in
a month.
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