Friday, February 5, 2010

RBC reiterates "Market Outperform", raises price target to $554

Stephen Ju assumes the chance Google leaves China is 75%.
He believes the Chinese government has little reason to allow
uncensored search, and so Google will have to leave. Also
believes Taobao might launch a general search platform, which,
considering their ecommerce traffic, could mop up ad money.

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