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Xinhua, China Mobile to Establish Internet Search Engine Joint Venture

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Xinhua News Agency Thursday signed a framework agreement with China Mobile Communications Corp., the world's biggest mobile operator by subscribers, to establish an Internet search engine company.

Called "Search Engine New Media International Communications Co.," the joint venture will focus on creating a leading search engine while actively developing other businesses, including the internet, print media and advertising, said Zhou Xisheng, vice president of Xinhua, at a signing ceremony.

"Search engines, which have powerful information integration abilities, play an increasingly important role in disseminating information and influencing public opinion," he said.

From Xinhuanet
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