Tag Archives: baba

Baidu Takes On Alibaba In ‘Land Grab’ For China’s O2O

Breaking into China’s rough-and-tumble online-to-offline world hasn’t been easy for Baidu, the country’s dominant search engine. In June, the company pledged to invest $3.2 billion over the next three years to bolster its offering of online-to-offline retail services by fortifying its group-buying website Nuomi, which Baidu (BIDU) acquired in 2014. But right now, two China Internet heavyweights — Tencent Holdings (TCEHY) and Alibaba Group (BABA) —

Alibaba Earnings Coming During Challenging Time

During what’s been a tough year, Alibaba (BABA) will report quarterly earnings before the market open Tuesday, with expectations of continued double-digit growth. The China e-commerce giant is expected to report revenue of $3.35 billion at current exchange rates, up 27% in local currency. The consensus on earnings per share minus items is 54 cents, up 25% in local currency. It’s for the company’s fiscal second quarter, for the period ended Sept.

Yahoo Q3 Earnings Miss, Announces Google Search Pact

Facing rising costs for ads placed on other sites, Yahoo late Tuesday posted Q3 earnings and revenue that fell short of Wall Street estimates, as did its Q4 revenue guidance. The struggling Internet company, however, said that it’s on track to complete its proposed tax-free spinoff of its 15% stake in China e-commerce leader Alibaba (BABA) by year-end. And it said it had reached a search and search-ad agreement with Google, the main unit of