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Baidu (BIDU) said Thursday that its top two rivals are apparently being driven to join forces in China’s online-to-offline retail arena because Baidu’s aggressive O2O sales push represents too much of a threat. “Baidu’s momentum in O2O has been thrilling to us and threatening to our competitors,” said a statement from Baidu spokesman Kaiser Kuo early Thursday. Baidu stock sank 3.4% Wednesday on reports that two rival O2O China startups — backed by Scalper1 News
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