Beijing August 21 news, according to foreign media reports, the visual search engine Like.com announced on the home page of the website Friday, Google has acquired Like.com.
Both Google and Like.com did not disclose the terms of the acquisition. However, there were reports last weekend that Google will acquire Like.com and the total value of the acquisition will exceed 100 million U.S. dollars. Like.com did not disclose how Google will handle the company in the future, but the Like.com team may continue to engage in visual search and cross-matching research and development in e-commerce.
At the end of 2005, Google had planned to acquire a company named Riya, which was Google's first effort to acquire image recognition technology. However, in the end, the deal was not reached. In 2009, Riya shut down its own products, but the company has shifted its business focus to e-commerce, using Riya's image recognition as the core technology, allowing users to visually search for similar images, thus launching Like.com. Since 2006, Like.com has received nearly 50 million U.S. dollars in wind investment, and the annual revenue can reach 50 million U.S. dollars.
Like.com mainly provides visual search engines and has launched a series of small websites focused on fashion and e-commerce. The company launched Covet.com, a shopping personalization engine, acquired Weardrobe, a street fashion social network, and launched Couturious, a visual fashion tool. Recently, Like.com also launched What To Wear, a fashion question and answer website.
Google shares fell 1.3% on the Nasdaq Friday to close at 462.02.
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