The Intercept: Google plans censored search in China; Baidu -7.6%

Aug. 01, 2018 7:45 AM ETAlphabet Inc. (GOOG)GOOG, BIDU, GOOGLBy: Brandy Betz, SA News Editor147 Comments
  • Google (GOOG, GOOGL) reportedly plans to launch a censored version of its search engine in China.
  • The company had exited the market in 2010 due to the government’s attempts to “limit free speech on the web.” 
  • The Intercept has internal documents from a whistleblower that show Google has developed the censored version, codenamed Dragonfly, since early last year. 
  • Dragonfly is still an Android app but will “blacklist sensitive queries” and block websites not permitted by China’s censors. 
  • In a statement to The Verge, a Google spokesperson says the company doesn’t comment on speculated future plans.   
  • Baidu (NASDAQ:BIDU) shares trade down 7.6% following the news, erasing gains from the aftermarket earnings report.      
  • Previously: Baidu +3.6% after Q2 tops high-end estimates (July 31)

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