China search leader Baidu (BIDU) has begun the rollout of indoor location services powered by indoor mapping provider IndoorAtlas to the 270 million monthly active users of its Baidu Maps service. IndoorAtlas had been in beta testing, with the company saying it can pinpoint a location inside a building within 6.5 feet. IndoorAtlas-developed software lets the compass contained in smartphones pinpoint a person’s indoor location by analyzing the
Ctrip.com International (CTRP) said on Wednesday that it’s no longer interested in pursuing a merger with Qunar Cayman Islands (QUNR) after the China online travel company rejected its offer. Qunar disclosed the unsolicited offer from Ctrip to acquire all outstanding shares when it posted first-quarter earnings late Monday. Qunar, majority owned by China online search leader Baidu (BIDU), also disclosed that private equity firm Silver Lake
China search leader Baidu (BIDU) reportedly has fired eight executives accused of criminal behavior, becoming the latest China Internet firm to clean house in the wake of a government crackdown on corporate corruption. Baidu dismissed senior executives in its sales and marketing departments, according to a report Tuesday by Reuters. The news organization cited an internal company memo that a Baidu spokesman confirmed as authentic, then declined