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July 28, 2015 01:49 am GMT
Baidu is focusing aggressively on online-to-offline (O2O) sales, one of the hottest forms of e-commerce in China, but its near-term earnings growth is still under pressure. The company’s shares dropped about 9.5 percent in after hours trading before recovering slightly as investors reacted to a disappointing Q3 2015 forecast. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/W5iZlyOi154/
Baidu Issues Disappointing Q3 Forecast As It Invests Heavily In O2O Services
Baidu is focusing aggressively on online-to-offline (O2O) sales, one of the hottest forms of e-commerce in China, but its near-term earnings growth is still under pressure. The company’s shares dropped about 9.5 percent in after hours trading before recovering slightly as investors reacted to a disappointing Q3 2015 forecast. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/W5iZlyOi154/
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