What does Baidu's sale of its mobile business portend for its ability to integrate businesses? At the end of March 2017, the Chinese search engine company told the U.S. Securities and Exchange Commission that it sold its mobile gaming business. Two companies took over Baidu's gaming business for CNY1.2 billion. Baidu has also renamed its gaming business to "Duokoo Game" and separated it for independent operation. In July ...
Chinese Internet tourism services provider Ctrip.com is further integrating Traveling Bestone and Qunar vacation businesses to implement its strategy in second-, third-, and fourth-tier cities across China. So far, Ctrip has opened over 5,500 retail outlets in 22 provinces and cities across China and the company plans to increase the number to 6,500 by the end of 2017. Ctrip claims 250 million registered members and an app with 2.3 ...
Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the Chinese mobile advertising market. According to the latest statistics provided by the market research firm eMarketer, Baidu achieved mobile advertising revenue of USD5.5 billion in 2016, accounting for nearly 20% market share in China. Tencent's mobile advertising revenue was USD3.2 billion, accounting ...
Chinese search engine company Baidu announced that starting from February 26, 2017, Baidu Group's president and chief operating officer Lu Qi has been appointed director and vice chairman of the board of directors of Baidu. Baidu announced on January 17, 2017 its intention to appoint Lu as Baidu Group's president and COO, leading products, technology, sales, marketing and operations, effective immediately. Baidu's existing business groups ...
The United States Department of Commerce has reportedly agreed to extend ZTE's temporary export license to March 29, 2017, allowing American companies to continue to provide software, technologies, and restrictive components published in March 2016 to ZTE. Prior to this, the Chinese telecom device manufacturer received an export restriction from the American government and its export license was due for expiration on February 27, 2017. ...
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