Steve Thomas - IT Consultant

baidu Baidu is focusing aggressively on online-to-offline (O2O) sales, one of the hottest forms of e-commerce in China, but its near-term earnings growth is still under pressure. The company’s shares dropped about 9.5 percent in after hours trading before recovering slightly as investors reacted to a disappointing Q3 2015 forecast. Read More
baidu Baidu, China’s largest internet search and maps provider, continues to see slowing financials as it transitions to the rise of mobile. The company’s latest Q1 2015 financial report continued an ongoing decline in revenue growth and saw net profit dip year-on-year too. Read More
734124559_563ecd801d_b Chinese search giant Baidu no longer has their antivirus app offered on Google Play in Brazil after using illegal competitive tactics against Brazilian antivirus startup PSafe (backed by Baidu rival QIhoo360), maker of the leading Android security app in Latin America. Read More
taxi china Uber’s China aspirations may hit a huge roadblock soon. Kuaidi Dache and Didi Dache, the country’s two biggest taxi-calling apps, are reportedly considering a merger. The Wall Street Journal reports that discussions are “advanced,” but still need the approval of each company’s main investors. One of Kuaidi Dache’s lead investors is e-commerce leader… Read More
China shopping yuan RMB shutterstock China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Centec Networks and Xude Rendao. Wanda E-commerce says this quadruples its valuation to 20 billion yuan (about $3 billion). Read More