Scalper1 News
Baidu (BIDU) got its second price target cut in two months on Wednesday from Summit Research/W.R. Hambrecht + Co., highlighting earlier doubts that China’s search leader can dominate the increasingly competitive online-to-offline (O2O) sales arena even while spending millions to beef up its presence in that growing industry. “Currently, O2O consumers in China indulge in aggressive promotions and discounts, and we have concerns of profitability Scalper1 News
Scalper1 News