Tag Archives: bidu

Baidu Under Fire From Alibaba-Tencent Team-Up In O2O?

Rumors that two rival Groupon-like tech startups in China — one backed by powerhouse Alibaba Group (BABA) and the other by Internet titan Tencent Holdings (TCEHY) — may be about to merge in a $15 billion deal has driven down shares of Baidu (BIDU), which has invested millions in its own online-to-offline retail push. An agreement merging the two companies, which specialize in deals for restaurants, movie tickets and other offline services, is

Baidu In For ‘Profitability Drag’ On Big O2O Spending

Baidu (BIDU) got its second price target cut in two months on Wednesday from Summit Research/W.R. Hambrecht + Co., highlighting earlier doubts that China’s search leader can dominate the increasingly competitive online-to-offline (O2O) sales arena even while spending millions to beef up its presence in that growing industry. “Currently, O2O consumers in China indulge in aggressive promotions and discounts, and we have concerns of profitability

Baidu Becomes China Default Browser For Microsoft

China search leader Baidu (BIDU) and Microsoft (MSFT) announced a strategic partnership Thursday that makes Baidu.com and Baidu Search the default homepage and search engine for the Microsoft Edge browser in the new Windows 10. Baidu will also help Microsoft distribute its Windows 10 operating system in China, including applications for search, video, the cloud and maps for Windows 10. Microsoft released Win 10 on July 29. “We consider the