Baidu (NASDAQ: BIDU), the largest search engine in China, saw its shares rise Wednesday after speculation that Google (NASDAQ: GOOG) would leave the Asian nation, according to Associated Press.
The company's stock jumped $52.18, or 13.5 percent, to $438.67 on Wednesday afternoon. The stock hit a high of $443.20, coming close to its 52-week high of $443.25.
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Baidu handles about two-thirds of all search queries in China, but the search engine now has to opportunity to grow larger if Google pulls out of the country. Google is second-place in China with a little under a third of the market.
On Wednesday, the company said it discovered that cyber attacks against human rights activists and U.S. companies originated in China, causing the company to say that it will stop censoring its results and may pull out of the country entirely.
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