China market search engine revenue has gone down by 10.6% in the first quarter of 2009 as compared to the fourth quarter, 2008. However, the year on year (YoY) the revenues witnessed an increase of 47.9%. Search Engine total revenue for Q1, 2009 in Chinese search engine market stands at 1.37 billion yuan ($200 million).
Baidu is still the top ranked search engine with maximum share of the total revenue generated by Chinese Search Engines. Baidu earned 59% of the total revenues while Google China was second with 30.6% of the revenues.
It is worth mentioning here that Google is constantly increasing its market share in China over the last few quarters. Seems Baidu is going to have a rough ride in the coming years. Below is the breakup of the Chinese market leading search engines based on their revenue shares.
We will also be coming up with more articles covering Chinese cyber space since we have developed this feeling that the Chinese market is not getting the required attention that it rightly deserve. So keep connected to TechNama for further posts covering the Chinese market. In case you have any informative content related to China, please feel free to share it with us.
[via DT]
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