Google. founders Sergey Brin and Larry Page conquered the U.S. Internet industry by forming a triumvirate with Chief Executive Officer Eric Schmidt. Sharing power may not work in the world’s biggest market: China.
The owner of the world’s most popular Internet-search engine last week named two people to replace Kai-Fu Lee, who resigned as president of its China operations to run a $115 million venture-capital firm. Boon-Lock Yeo will oversee engineering and John Liu sales.
Analysts suggested that the split leadership model that Mountain View, California- based Google ended in China only three years ago may slow decision-making. That could hamper efforts to catch Beijing-based market leader Baidu.
Clayton Moran, an analyst at Benchmark Co. in Boca Raton (it means the mouth of the rat) Florida, said, “I view China as a very tough market because of the government and the way they participate with the companies.”
Yeo and Liu said Google’s strategy won’t change.
Yeo said,“We at Google China still have the mission to keep innovating for our customers and users, to have the best product and best service.”
Bloomberg quoted Edward Yu, chief executive officer of Analysys International who said, “Google in the U.S. doesn’t understand that China is still an undeveloped market, which is why you need an entrepreneurial spirit and one person who has final say on decisions.”