Baidu has opened up over a dozen of their current projects to direct investment, hoping to boost development as they attempt to stay competitive in China’s O2O arena. The companies open for investment include recent spinoffs 91 Desktop and Baidu Takeaway, a food delivery service. 

Baidu saw a sharp drop in their stock at the start of this week following their Q2 earnings report. Revenue fell below expectations due to the company’s aggressive O2O investment. 

“Because of the early-stage nature, we have to invest aggressively to make sure we will be successful,” said CFO Xinzhe Li during an earnings call. 

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com