Panguso.com, will combine the strengths of Xinhua, a leading news agency and content provider, and China Mobile which has the latest network technologies, said Panguso, a joint venture of Xinhua and China Mobile, in a press release.
“The operation of Panguso is an important move by Xinhua and China Mobile to extend our cooperation in cyberspace,” said Li Congjun, president of Xinhua News Agency, at the opening ceremony.
The search engine is expected to contribute to the development of new media in China and better serve Chinese netizens, Li said.
China now has about 457 million Internet users