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Google departure, Yahoo supports, Baidu winsWholesale Golf Clubs-Mysurbuy.com / 2010-01-15

Yahoo company Wednesday supports its competitor Google;s threatened departure from China caused by the computer attacks reported before.

Yahoo said in a statement it was aligned with Google’s reaction to the hacker affair that originated from China,

Google has promised to finish censoring its search results in China, defying the country’s government. This move may result in Google pulling out of China completely.

Yahoo, based in Sunnyvale, California, closed its offices in China in 2005 when it sold its business there to the Alibaba Group. As part of that deal, Yahoo retains a 39 percent stake in Alibaba that represents one of Yahoo’s most valuable assets.

Yahoo’s spokeswoman declined on Wednesday to say whether its solidarity with Google would cause the company to sell its Alibaba holdings.

Before selling its Chinese business, Yahoo’s cooperation with the Chinese government angered human rights activists and U.S. lawmakers. Much of the scalding criticism focused on Yahoo’s role in the jailing of two Chinese journalists. The evidence against them included e-mail that Yahoo turned over to the Chinese government.

In 2007, Yahoo settled a U.S. lawmaker denounced the company’s executives as moral “pygmies” during a Congressional hearing.

SAN FRANCISCO (MarketWatch) -- U.S. shares of Chinese Internet search giant Baidu Inc. /quotes/comstock/15*!bidu/quotes/nls/bidu (BIDU 464.23, +24.75, +5.63%) continued to gain ground on Thursday, in the wake of local rival Google Inc.'s /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 589.85, +2.76, +0.47%) surprise announcement that it may pull out of the Chinese market. Shares of Baidu rose more than 5% to $464.93 in afternoon trading. Shares of Google meanwhile rose slightly to $592.16. Google makes a relatively small portion of its revenue in China currently, though the Chinese Internet market is generally prized for its growth prospects.