Tag Archives: bidu

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) —

Will Baidu Spending On O2O Sink Q3 Profit?

Baidu (BIDU) reports Q3 earnings after the close on Thursday and China’s No. 1 search engine is expected to reveal fallout from aggressive spending to expand its online-to-offline sales business. Analysts have expressed doubts that China’s search leader can also dominate the increasingly competitive online-to-offline sales arena, even as the company spends millions to go up against rivals already in the fast-growing O2O industry, formidable

Baidu Says Its O2O Momentum ‘Threatening’ Alibaba

Baidu (BIDU) said Thursday that its top two rivals are apparently being driven to join forces in China’s online-to-offline retail arena because Baidu’s aggressive O2O sales push represents too much of a threat. “Baidu’s momentum in O2O has been thrilling to us and threatening to our competitors,” said a statement from Baidu spokesman Kaiser Kuo early Thursday. Baidu stock sank 3.4% Wednesday on reports that two rival O2O China startups — backed by