Google to Close its China Operations Today
Rumors has it that the search engine giant, Google, plans to close it operations in Chinae as early as today. Some people who are familiar with the situation revealed that Google will leave China by March 22.
The main issue started when few other large companies in the Internet, finance, technology, media and chemical sectors, were targeted in a cyber-attack earlier in January. The cyber-attack resulted in a theft of intellectual property. And from that time onwards, Google informed the Chinese government that they will not censor Chinese search engine results and are willing to close its operations in the country if no solution is found.
Finantial Times reports that because of the closure of Google services in China, around 600 people will lose their jobs. It appears that both, Google and Chinese government, have been unable to reach an agreement since then and Google will seize all its operating in Chine.
According to Financial Times,
Google could terminate all business activities in China. This would include closing down both its joint venture running Google.cn and its wholly-owned research subsidiary. More than 300 engineers and another 300 local sales staff in Beijing and Guangzhou would lose their jobs.
Looks like its an end of era for Google services in China. Will this affect other Google products in China and will affect its market share globally?