Amid growing competition in China’s huge e-commerce market, and with an eye on online-offline services, Baidu is poised to spend billions on its group buying platform and other initiatives. But is the company, up against Alibaba and on the heels of its $1 billion investment...
July 01, 2015
Baidu, the Chinese equivalent of Google, announced yesterday (June 30) that it would invest 20 billion yuan ($3.22 billion) over the next three years in online-to-offline services, reports Reuters. The investment will include group-buying service Nuomi in which Baidu owns a 59 percent stake. In 2013, Nuomi had 3.8 million active users and 30 percent […]
