Baidu looks to make China’s Great Firewall scalable
Regarding technology, China is notorious for its “Great Firewall” – a government tool to stop restricted sites from being available within the country’s borders. Now, Baidu – one of the country’s “Big 3” internet companies, often referred to as the “Chinese Google” – is looking to help companies climb over it. There’s little doubt that this is a service for which there is a huge market – foreign firms are eager to capitalize on China’s massive population, which is becoming increasingly wealthy and tech savvy by the day.
Baidu’s share price has risen by 47% in 2017 so far
SOURCE: Yahoo Finance
Baidu has developed a tool in collaboration with LXR, a Tokyo-based Chinese website creator, that can check a website’s code to ensure it will get through the Great Firewall. The tool is free to use, and comes with the option to purchase an in-depth report (for around $3,090) that highlights weaknesses and suggests fixes to make it compliant with Chinese internet regulations.
Launched primarily at Japanese businesses, the tool is not an entirely new concept. There are already English-language equivalents on the market. However, Baidu’s tool is the first to be produced inside China in compliance with the country’s internet laws. This means that it’s almost certainly going to be the best at keeping pace with China’s complex internet censorship, which is subject to overnight changes without warning.
With an Ecommerce market predicted to hit an incredible $1.7 trillion in value by 2020, this is a service that is highly likely to be in demand for some time.
Dominion holds Baidu in its Global Trends Managed Fund.
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