Google may be the King in the West, but in China, it continues to be one of the smaller players in the search engine space. The US-based search engine, a product of Alphabet Inc (NASDAQ: GOOGL) is only the fifth largest in China, with a marginal market share of about 3%, according to Statcounter GlobalStats.
This compares with Google’s worldwide market share of over 92% as well as 88% in the US alone.
The Chinese search engine market is dominated by Baidu (NASDAQ: BIDU), which holds almost two-thirds of the market. This is followed by Sogou (NYSE: SOGO), which recently outperformed the third-placed Shenma for the runner-up spot. Shenma is a JV between Alibaba Group (NYSE: BABA) and UCWeb.
Haosou and Bing feature in the fourth and sixth slots respectively.
Google’s market share is worst in mobile devices and has a market share of under 0.4%. In the desktop space, the Sunder Pichai-led company fares much better, with a decent share of over 7%.
On the flip side, while taking Asia as a whole, Google once again tops the chart with over 88% market share. With just over 3% share, Yahoo is the closest competitor.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,