Google registered a branch named Pengji Information Technology (Shanghai) Ltd. in China’s Shanghai Free Trade Zone back at the end of 2014 with a registered capital of RMB five million (about USD 781,000), Chinese new media ThePaper.cn reported today.
According to the information published by Shanghai Administration for Industry & Commerce, the primary holder of Pengji Information Technology is Google Ireland Holdings. The Google subsidiary is registered in Dublin and located in Bermuda for tax purposes. It manages most of Google’s income outside U.S. the Financial Times reported.
According to insiders, Pengji will be the shell company for Google to operate in China. ThePaper.cn quoted an insider that the registered business range covers most of Google’s services now including web search and email services.
After Google stopped its web search service in China in 2010, Google still had about 500 employees in the Greater China area including Hong Kong and Taiwan. It’s also reported that Google will launch a special Chinese version of Google Play for the Chinese market.
Google hasn’t made any comment on the news yet. But Eric Schmidt confirmed that Google is returning to China at TechCrunch Beijing conference in November.
(Top image from Wikipedia)