Apr. 20, 2009 (China Knowledge) - Chinese-language search engine giant Baidu, Inc<BIDU> plans to develop the 3G wireless search engine project and is now in talks with three major Chinese telecom operators, namely China Mobile Ltd<941><CHL>, China Unicom (Hong Kong) Ltd<600050><762><CHU> and China Telecom Corp Ltd<728><CHA>, the company's CEO Robin Li said Friday at the Boao Forum for Asia, China Daily reported.

China's Internet industry is likely to get a boost from the development of 3G wireless Internet, said Li, adding that the company is expecting the 3G era to come.

Baidu will release its new search engine advertising program Phoenix Nest (Fengchao) in the second quarter of this year, which would replace the current Baidu Bidding Rank, said Li.

In addition, Li also said that the global financial crisis has not affected its business in Japan. However, the company has no intention to access overseas markets this year, according to its original plan for 2009.

The company expects 70% of its income will come from overseas markets in 15 years, said Li.