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August 24, 2017 10:52 am GMT
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 confirmed that it 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… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0Jv5JYckhiQ/
Baidu sells food delivery business to its rival Ele.me
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 confirmed that it 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… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/0Jv5JYckhiQ/
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