SHANGHAI (Reuters) – Web services leader Google Inc. (GOOG.O: Quote, Profile, Research) has won a license to operate in China and has bought a Web address as it battles Yahoo Inc. (YHOO.O: Quote, Profile, Research) in the world’s second-largest Internet market. The U.S. Web services giant, which makes its money from searches, advertising and other services, is hiring staff with the aim of opening an office in the country this year, according to several sources within or close to the company.
Source: Reuters
