Baidu Finalizes Group Buying Play

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

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.

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