(AP)—China's biggest search engine operator is being squeezed by higher costs as it expands its fledgling business in the fast-growing mobile market.
China's leading web search engine Baidu is to buy a smartphone app distribution firm for $1.9 billion, it said Tuesday, in what is believed to be the largest takeover in the country's Internet industry.
Baidu Inc., which operates China's most popular search engine, reported slower profit growth in its latest quarter Friday as costs rose sharply and competition for its new mobile service intensified.
Alibaba Group, one of the world's biggest e-commerce companies, said Monday its executive vice president will succeed founder Jack Ma as chief executive.
Baidu Inc., which operates China's most popular search engine, said Tuesday its quarterly profit rose 36 percent as an economic rebound helped to boost advertising spending.
(AP)—Microsoft Corp. will hire more than 1,000 additional employees in China this year and boost research and development spending by 15 percent as it tries to catch up with Apple and Google in the fast-growing mobile Internet ...
(AP)—Baidu Inc., which operates China's most popular search engine, has released a mobile browser and says it will invest in a cloud computing center as growth in Internet use shifts to mobile phones.
China's leading search engine Baidu will invest more than 10 billion yuan ($1.6 billion) in cloud computing over the coming years, its chief financial officer said on Monday.
Japan's top online retailer Rakuten said Friday that it was ending a shopping venture with Chinese Internet giant Baidu, blaming "intensified competition" in the growing e-commerce sector.