Wednesday, 13 April 2011

Baidu denies cooperation agreement with Facebook - People's Daily Online

Baidu has denied reports citing so-called "internal sources" saying that Baidu will sign an agreement with Facebook to build a new website enabling the Internet giant to enter Chinese market, according to Sohu IT.
Internal sources allegedly revealed on April 11 that Facebook has signed a cooperation agreement with Baidu to establish a new website in the future, and Facebook will also take this opportunity to officially enter the Chinese market.
According to sources, instead of connecting with the Facebook website, the website that will be co-established by Facebook and Baidu will be a new social networking service website. 
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