China Daily-linked search engine starts to spin

New search engine company Accoona Corp, backed by China Daily which holds an undisclosed stake, opened for business, saying revenue would be driven by ads sold by Yahoo Inc's space-selling arm. Accoona Chairman Eckhard Pfeiffer, a former CEO of Compaq Computer, said the relationship with China Daily gave the venture a "head start" in its battle to take share away from industry-leading Google, which tailors its search engine to Beijing's requirements. Accoona, which has a 20-year agreement to mine China Daily archives, is not expected to make any departures in that respect.