Sunday, July 11, 2010

Google Wins Renewal of Its China License, Xinhua Says

By Brian Womack and Mark Lee

July 11 (Bloomberg) -- China’s government confirmed today that it renewed Google Inc.’s Internet license, the official Xinhua news agency reported. This followed the company’s statement that its application for a permit was approved by authorities last week.

The renewal of Google’s license was confirmed by an unidentified government agency, according to the Xinhua report. No other details were provided.

Google was surprised by how quickly China renewed the company’s Internet-services license, Chief Executive Officer Eric Schmidt said in a July 9 interview. There were no formal negotiations between Google and Chinese officials over the decision, a person familiar with the matter said.


For more of this story, see http://www.businessweek.com/news/2010-07-11/google-wins-renewal-of-its-china-license-xinhua-says.html

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