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Google's share of China's Web-search market fell to 17.2% in the third quarter of 2011 from 36% in the fourth quarter of 2009, largely to the benefit of rival Baidu Inc.
WSJ: Google Renews Push in China
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Among other factors, Baidu shares have been under pressure from growing concerns about loss of market share to Qihoo 360, the leading Web browser provider in China, which recently entered the Internet search market.
FORBES: Baidu Slides As Credit Suisse Cuts Rating To Underperform
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Known mostly as creator of a Web browser widely used in China, Qihoo recently jumped into the search market, and appears to be getting considerable traction.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
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China's search engine Baidu, another investor favorite, gets more hits than Twitter and Wikipedia, according to web information company Alexa.
FORBES: Tech Savvy and Innovative