Baidu Finalizes Group Buying Play

By  |  August 26, 2013
 | 

China-based online search provider Baidu has purchased a majority stake in popular group buying site Nuomi, All Things D reported on August 25.

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    Baidu paid $160 million for a 59 percent stake in the company. The media outlet noted that Nuomi has 3.8 million active users, and that 30 percent of its sales are made through mobile devices.

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    For more on how the purchase fits into Baidu’s larger mobile initiative, click here. 


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