With the US dollar almost in free fall, it looks like that the Asian Financial Crisis in reverse 10 days time. That time, much of the damage was caused by US based hedge funds. But things are different now, the other side wields the big stick and the ammunition..
You do not have to overcome Google in order to become more valuable than it. Just as PetroChina have not overcome Exxon, and nor have ICBC overcome Citicorp. All you need to do is to list in an extremely hot and irrational stockmarket such as China. For a start, Google and Alibaba are not even direct competitors. If Google were to trade in China, it would probably be worth serveral times more.