Two views on prospects for foreign tech firms in China.
First, former Google China chief Lee Kaifu has dispensed some advice for western tech firms about how to succeed in the mainland China market.
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Mexican telecoms tycoon Carlos Slim, founder of the America Movil empire, has edged out Microsoft boss Bill Gates as Forbes magazine’s richest person in the world.
Rival Google may be set to exit the market, but Baidu continues to mint profits from the China search business.
The Nasdaq-listed firm has reported a 48% higher net income for the fourth quarter of 427.9 million yuan ($62.7m). Sales rose 39.8%.to 1.261 billion yuan and the number of active marketing customers increased 13.2% to 223,000.
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