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Baidu (BIDU), China’s No. 1 online search engine, could be about to enter a $813 million e-commerce deal with two other major China firms, Internet heavyweight Tencent Holdings and Dalian Wanda Group, a privately held department store operator, according to a Reuters report released Wednesday. Baidu and Tencent (TCEHY) will each own 15% of the China e-commerce venture, while Wanda will own 70% of the venture, said Reuters. The deal could be Scalper1 News
Scalper1 News