Baidu denies plans for European expansion

According to previous reports, Baidu CFO Shawn Wang was planned to announce details of a European expansion for China's largest search engine at a London conference. has denied such claims saying there are no plans to expand into Europe. "Recent rumors alleging that is expanding into Europe are groundless," the company said in a brief statement released through its public-relations firm in Beijing.

While Baidu's business is largely focused on China, where it dominates the search market, the company recently launched a Japanese search engine as a first, tentative foray into the international market. That site remains blocked in China. Baidu officials have said they expect to spend $15 million on the company's Japanese site this year.

News source: InfoWorld

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