Google: there are only two options for controlling or acquiring Baidu

On June 23, Google CEO Eric Schmidt said that Google will definitely enter the Chinese market this year, but the specific form depends on the negotiation results with Baidu.
In May 11 this year, Google announced that it had obtained a license to operate in China and has now set up an office in Shanghai. According to reporters, the agency can accommodate more than 200 employees. The company said in a statement that we are very interested in the Chinese market. Once we formally enter the market, we will have a series of actions.
Although Google has long been coveted by the Chinese market, Google must be cautious with the Chinese market's frequent Yahoo!. In the Chinese market, the result is nothing if Google has been alone for nearly four years. In the end, we will gain a firm foothold through the acquisition of 3721.
Schmidt said that Google currently has two options: one, Google simply holds shares of Baidu; the other, the two sides expand in-depth cooperation, Google will have more shares of Baidu, or even set up a joint venture. This result may lead to Google eventually taking over Baidu and turning Baidu into a subsidiary of Google in China.
According to statistics from Alibaba, a market research institute, Baidu ranks first with 33.1% of the Chinese search market, while Google ranks third with 22.4%.