The NY Times reports that Google has acquired a small stake in Chinese download site Xunlei.com. At this stage it seems to be nothing more than a search play, with Xunlei committing to use Google search on their site, which according to their own figures has a user base of 120 million people, an interesting stat given it would account for over 50% of all Chinese Internet Users. Current search marketshare in China according to the report is Baidu at 63%, Google 19% and Yahoo 7.6%, naturally then Google still has a long way to go in replicating its dominance in the rest of the world into the Chinese market.
More Google money into China
