Log In | Register
Idaho (Reuters) - Google Inc(GOOG.O) Chief Executive Eric Schmidt expressed confidence the company will secure a licence to operate a website in China, confounding speculation Beijing may shut down its flagship site there.
Schmidt, addressing executives and financiers at an annual gathering of the industry's movers and shakers in the Idaho mountain resort of Sun Valley, said he expected Beijing to renew its licence to operate a website in the world's largest Internet market, but offered no timeframe.
Analysts said Google's decision to stop automatically rerouting users to its uncensored search page showed a softening of stance and willingness to compromise to maintain a foothold in China, the world's largest Internet market by users.
"We would expect we would get the necessary licence," Schmidt said. "We now expect to get a renewal."
