Tag Archives: bidu

Baidu Builds Location-Based Tech In Indoor Maps Firm

Baidu (BIDU), China’s top online search provider, became the latest Internet leader there to strengthen its holdings in location-based technology, after the company said late Tuesday that it has agreed to make a $10 million investment in IndoorAtlas, which offers magnetic positioning technology for indoor locations. IndoorAtlas will sign an exclusive agreement for the Chinese market with Baidu, the companies said in a news release. IndoorAtlas

Alibaba U.S. IPO Near, But Will Tencent Rule China?

Even as Alibaba gears up for a historic U.S. IPO, the e-commerce giant is waging an intense battle for supremacy at home — and it may be the underdog. Tencent (TECHY) and Baidu (BIDU) on Friday officially announced an e-commerce joint venture with real estate and entertainment conglomerate Dalian Wanda Group. The deal is similar to one that Alibaba Group forged earlier this year with a large operator of department stores and

Baidu, Tencent, Wanda Poised To Join Forces On Web

Baidu (BIDU), China’s No. 1 online search engine, could be about to enter a $813 million e-commerce deal with two other major China firms, Internet heavyweight Tencent Holdings and Dalian Wanda Group, a privately held department store operator, according to a Reuters report released Wednesday. Baidu and Tencent (TCEHY) will each own 15% of the China e-commerce venture, while Wanda will own 70% of the venture, said Reuters. The deal could be