Google has announced that it may be closing its China-based offices due to the country’s increasing censorship laws, which leaves Baidu to take over its market share. However, there’s still some hope, as “Google said that ‘over the next few weeks, we will be discussing with the Chinese government the basis on which we could operate an unfiltered search engine within the law, if at all.’ Continue reading for the CNN news report.

“Baidu may pick up two-thirds of Google’s revenue if Google exits,” according to analysts at Goldman Sachs.

[via Telegraph]