China now has 485 million Internet users, which is 52% more than the entire population of the U.S. The China Internet Network Information Center reported the figure based on numbers as of the end of June. Extraordinarily enough, only 36% of China's population uses the Internet now.nternet penetration in the U.S is more than 76%
Those numbers helps justify the extremely high valuations of many China-based Internet companies, and show why U.S. firms like Google ,facebook,Microsoft,Twiterr are so anxious to gain market share in the People's Republic. China's No. 1 search engine, Baidu has a market cap of nearly $52 billion, more than twice that of Yahoo.Yahoo's revenue last quarter was $1.2 billion, while Baidu's was $372 million. But, while Yahoo's ad sales are barely growing, Baidu's were up 88% in the first quarter. Baidu's share of Yahoo's revenue last quarter was $1.2 billion, while Baidu's was $372 million. But, while Yahoo's ad sales are barely growing, Baidu's were up 88% in the first quarter. Baidu's share of according to research operation Analysys International. Baidu's rapid expansion in the world's most populous nation helped drive its brand value up 141% to $22.6 billion in the latest brandZ report
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