SOURCE: The Bedford Report

The Bedford Report

May 26, 2011 08:16 ET

Google's Weak Presence in Emerging Markets Benefits Baidu and Yandex

The Bedford Report Provides Analyst Research on Baidu & Yandex

NEW YORK, NY--(Marketwire - May 26, 2011) - Search Engines based out of China and Russia are garnering significant attention this year. Not only is internet usage growing rapidly in both emerging markets, but China and Russia also represent two of the very few nations where Google is not the dominant search engine. In Russia, a mere 22 percent of internet users favor Google, while Google commands a meager 19.2 percent share of the market in China. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on Baidu, Inc. (NASDAQ: BIDU) and Yandex NV (NASDAQ: YNDX). Access to the full company reports can be found at:

According to the China Internet Network Information Center, China has the world's biggest population of internet users with more than 400 million. A recent study from the consultancy, McKinsey & Co estimated that 6 million people go online for the first time in the country every month, and predicted the Chinese internet population will grow to 750 million in 2015.

For the most part, the boom in internet users, has led to a surge in profits for several marquee Chinese websites. Last month Baidu said that its first-quarter net income more than doubled as revenue skyrocketed on traffic growth and higher online marketing sales. Baidu's founder and Chief Executive Officer Robin Li told analysts that China's largest search engine has "plenty of room" to expand. Going forward Baidu will spend more to boost its search business and expand into services including social networking and electronic commerce

The Bedford Report releases regular market updates on the Chinese Internet Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Yandex generated 64 percent of all 2010 search traffic in Russia, according to the company's site. It's also the nation's most visited Web site and the largest Russian internet company by revenue. In the first quarter, the company's net income rose 62% to $29 million, and in 2010 it increased 90% to $134 million.

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