
Baidu Inc., which operates China's most popular search engine, formally launched its mobile payment platform "Baidu Wallet" on Tuesday. The launch follows the release of similar products from major rivals, including Tencent's mobile application Wechat Payment last August and Alibaba's Alipay Wallet in January 2013. Baidu Wallet provides money transfer, payment and wealth management services, according to Zhang Zhenghua, general manager of Baidu's payment branch Baifubao. Mergers and acquisitions have been popular in the past year in China's Internet sector as online giants "BAT" -- Baidu, Alibaba and Tencent -- are speeding up development of their mobile Internet business. The Nasdaq-listed Baidu closed a 1.9 billion U.S. dollar deal to acquire 91 Wireless Websoft, a major Chinese smartphone application distributor, last August. In May, Baidu spent 370 million U.S. dollars to acquire the online video platform PPS in order to rival industry leader Youku Tudou.
GMT 14:28 2018 Wednesday ,05 December
S10 leaks: Samsung to avoid camera notch with hole punch designGMT 21:10 2018 Sunday ,25 November
China's OPPO to unveil new smartphone in Kenya before end of 2018GMT 16:10 2018 Sunday ,18 November
China's Huawei to subsidize 3 Tunisian students for int'l tech competitionGMT 15:46 2018 Tuesday ,06 November
Samsung looks set to announce its breakthrough folding phoneGMT 10:48 2018 Sunday ,04 November
Launching ceremony of Huawei's new flagship smartphoneGMT 06:58 2018 Friday ,19 October
Huawei unveils Mate 20 Pro with fingerprint sensor under the screenGMT 11:30 2018 Monday ,15 October
Google's new Pixel 3: Secure payments, wireless charging and a notchGMT 11:09 2018 Wednesday ,10 October
New Pixel Phones and Other Gadgets Keep Google in the Hardware HuntMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor