Recently, Baidu spend $1.9 billion on 91 Wireless Websoft, to help Baidu distribute more third party apps to mobile devices. It also bought iQiyi, an online video firm for $370 million.
Baidu is also taking shots at its Chinese competitor Alibaba Group, which runs the country’s largest group buying site Juhuasuan, with 33.6 percent market share. Nuomi had a 5.9 share of China’s group buying market in Q1, and ranks fifth. Alibaba, being China’s e-commerce leaders remain big competition for Baidu. The strategy acquisitions will help the firm rake in more talent and revenue to compete with others in the mobile Internet market.
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