Alphabet Inc. (NASDAQ: GOOGL), the world’s largest internet search company, is welcome to return to China as long as it obeys the local law, according to a commentary posted by state-backed newspaper People’s Daily.
According to Bloomberg, Google has been looking for a way to re-enter the world’s largest internet market. It currently provides a censored version of the search app on the mainland, people familiar with the matter have said.
Google exited China in 2010 over concerns regarding the country’s strict censorship laws.
“The decision to exit the Chinese market was a huge blunder, which made the Company miss golden chances in the mainland’s internet development,” People Daily said. “Google is welcome to return to the mainland, but it’s a prerequisite that it must comply with the requirements of the law.”
The report was then removed from People Daily’s Twitter and Facebook accounts.
Most of U.S social media apps are also blocked in China, including Twitter Inc. (NYSE: TWTR), Facebook Inc. (NASDAQ: FB) and Instagram.
Google’s re-entrance into China may have impact on the local search companies. However, Robin Li, the CEO of Chinese search giant Baidu Inc. (NASDAQ: BIDU), is confident that they can beat Google again.
According to CNBC, Li said on his private social media account: "Over the years, our industrial environment and scale of development have undergone earth-shaking changes. Chinese technology companies have already taken the lead in the world in discovering new issues and serving new demands. The world is copying from China. This is what every international company that wants to enter the Chinese market needs to confront and think about."