The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
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Posted inTurf Wars
Baidu restructures to focus on AI and cloud computing
The newly-formed department will be considered the cradle of “new growth engines.”
Posted inPosts
Briefing: News app unicorn Yidian Zixun’s Shanghai IPO may be underway
A major stakeholder is selling off most of its shares in Yidian’s parent company, reportedly to prepare for an IPO on Shanghai’s new tech bourse.
Posted inHeavy Hitters
Alibaba accuses Meituan CEO of libel for questioning founder’s integrity
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.
Posted inTurf Wars
Huawei promotes cloud with new products as carrier segment stumbles
The new database product release comes as the company’s carrier business faces global scrutiny over the security of its 5G equipment.
Posted inTurf Wars
Luckin says Alibaba deal doesn’t make Starbucks new retail
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.
