Russia’s largest search engine Yandex (NASDAQ:YNDX) is planning to open an office in Shanghai to better tap the Chinese market, a company executive told TechNode.

Yandex is not going to compete head-on with local incumbent Baidu, but aims to find more cooperation opportunities with Chinese companies and help them to access the Russian market through Yandex and various in-house advertising platforms, the source added.

Yandex, Baidu and Naver Dominate Russian, Chinese and South Korean Search Market

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.