Scalper1 News
Rumors that two rival Groupon-like tech startups in China — one backed by powerhouse Alibaba Group (BABA) and the other by Internet titan Tencent Holdings (TCEHY) — may be about to merge in a $15 billion deal has driven down shares of Baidu (BIDU), which has invested millions in its own online-to-offline retail push. An agreement merging the two companies, which specialize in deals for restaurants, movie tickets and other offline services, is Scalper1 News
Scalper1 News