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Baidu confirms sale of its food delivery business to rival Ele.me
#HTE
The online food ordering-and-delivery market, once very hot, appears to be cooling down a little in China. Today Baidu, the country’s search giant, announced an exit from the business: Baidu has sold its Xiaodu food delivery subsidiary (which operates under the Waimai brand) to Rajax, which operates Ele.me, China’s leading food delivery business that is valued at around $6 billion… Read More
https://techcrunch.com/2017/08/24/baidu-confirms-sale-of-its-food-delivery-business-to-rival-ele-me/?ncid=rss
The online food ordering-and-delivery market, once very hot, appears to be cooling down a little in China. Today Baidu, the country’s search giant, announced an exit from the business: Baidu has sold its Xiaodu food delivery subsidiary (which operates under the Waimai brand) to Rajax, which operates Ele.me, China’s leading food delivery business that is valued at around $6 billion… Read Morehttps://techcrunch.com/2017/08/24/baidu-confirms-sale-of-its-food-delivery-business-to-rival-ele-me/?ncid=rss