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Investing

China’s Google Blockade Back Up (GOOG, BIDU)

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By Jon C. Ogg Updated Published

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If you heard CNBC in the last few minutes or have watched news wires, multiple reports are out that China has blocked the Google.cn site.  Sound familiar? It should.  This is not a repeat of news from early this year.  It is roughly the same result though. After going to Google.cn, there is a redirect now to Google.com/hk.

Baidu, Inc. (NASDAQ: BIDU) is the winner here if Google officially gets booted out of China.  Its shares are up almost 3% at $81.49 in the after-hours response.  Google shares are down over 2% and just under the $476 handle in the after-hours session.

If you look in the current Google search, it seems that the images and news are down at least partially, web search is out, and ads are out.

As of 5:35 PM EST there has yet to be an official news release from Google and there is also no post yet on The Official Google Blog.  You can thank Twitter alerts under “google china” for catching that.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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