www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Baidu meals on wheels 'to go off menu'

By Meng Jing (China Daily) Updated: 2016-09-08 07:42

Baidu meals on wheels 'to go off menu'

Delivery men for Baidu Waimai in Qingdao, Shandong?province. [Photo provided to China Daily]

Major food delivery competitors have been losing big money in fight for market share

Chinese consumers who live on cheap meals delivered to their doorsteps may see their happy days numbered because the steep discounts now offered by business operators may end soon as a result of market consolidation.

Media reports since Monday have said that China's online search giant Baidu Inc is close to completing a deal to sell its food delivery business, Waimai, and its group-buying e-commerce business, Nuomi, to rival Meituan-Dianping, an online-to-offline (O2O) service provider backed by Tencent Holdings Ltd.

Nasdaq-listed Baidu denied the reports on its official micro blog on Tuesday. However, industry observers said Baidu is likely to sell Waimai and Nuomi since it now has to keep pumping money into the O2O businesses. This is especially true since its traditional online advertising business is slowing.

Lu Zhenwang, chief executive officer of Shanghai-based Wanqing Consultancy, said that it is very likely that Baidu would sell Waimai and Nuomi-the only question is to whom.

"It is no longer a wise decision for Baidu to keep investing heavily in Waimai and Nuomi to fight for market share against cash burning competition. Its online advertising business has seen signs of slow down due to regulatory restraints," he said.

Another sign is the change of attitude of Robin Li, chief executive officer of Baidu, over the company's O2O business. Li said last year he would invest 20 billion yuan ($3 billion) in Nuomi, betting big on the O2O business. But this year, artificial intelligence has climbed to the top of his agenda in most of his public speeches.

In a recent interview in Caijing magazine, he said Baidu Waimai needs innovation. "If it cannot beat other competitors, then drop it. A decision must be made," he said in the interview.

Like much of the competition in China's internet industry, the war for the country's online food delivery is backed by Baidu, Tencent and Alibaba Group Holding Ltd. The deep-pocketed Chinese web triumvirate has offered many great deals, including cash rebates and coupons, to lure customers, and it is probably too good to last.

Huang Yuanpu, founder of iyiou.com, a site dedicated to covering and analyzing the moves of the O2O market, said that most of the companies in the O2O sector lack a mature business model to bring in profit and no investors can keep pumping in money.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人在线播放视频 | 偷看各类wc女厕嘘在线观看 | 大香伊蕉国产短视频69 | 日韩欧美视频一区二区三区 | 99国产精品高清一区二区二区 | 国产九九在线观看播放 | 日韩一级视频 | 日本一级做人免费视频 | 美女网站色免费 | 成人久久精品一区二区三区 | 黄录像欧美片在线观看 | 手机在线黄色网址 | 欧美精品高清 | 国产成人综合久久亚洲精品 | 免费看美女午夜大片 | 一级毛片视频免费观看 | 中文字幕视频在线 | 三级国产在线 | 日韩一级欧美一级一级国产 | 热99re久久精品精品免费 | 久久久久欧美国产精品 | 久久综合免费视频 | 台湾香港澳门三级在线 | fulidown国产精品合集 | 夜色成人免费观看 | 日本一区二区三区不卡视频中文字幕 | 国产伦一区二区三区四区久久 | 大桥未久在线精品视频在线 | 女人张开腿男人猛桶视频 | 成人久久18免费网站 | 69性欧美 | 国产精品自在欧美一区 | 亚洲成a人片毛片在线 | 高清一区二区 | 真实国产乱人伦在线视频播放 | 中国老太性色xxxxxhd | 国产成人综合洲欧美在线 | 性欧洲精品videos' | 国产成人免费高清视频 | 欧美一级片在线看 | 久久成人18 |