Google shares fall on China blocking report
Last Updated: Thursday, July 29, 2010 | 6:30 PM ET
CBC News
Google shares fell 1.4 per cent in after-hours trading Thursday after the company said people in mainland China are being blocked from using its internet search engine.
Google shares were down $7.99 US at $477.00 at 5:57 p.m. ET.
The Google logo is seen in March outside the Google China headquarters in Beijing. (Gemunu Amarasinghe/Associated Press) Google, based in Mountain View, Calif., posted a notice about the new barrier without any other details.
A Google representative didn't immediately return a phone message from The Associated Press.
The American shares of Baidu, which operates China's biggest internet search engine, were trading up $2.90, or 3.7 per cent, at $82.10 at 5:58 p.m. ET.
On July 11, China confirmed it had renewed Google's licence to operate after a months-long standoff over internet censorship, saying the company had pledged it wouldn't provide "lawbreaking content."
Two days earlier, the California-based giant had said it had received approval to operate in the world's most populous country after it agreed to stop automatically rerouting users of Google.cn to its site in Hong Kong, which is not subject to China's online censorship.
With files from The Associated Press
