Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Zomato
WhatsApp
SpiceJet
Reserve Bank Of India (RBI)
Bitcoin
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Baidu plans to buy stakes in Indian start-ups
Business

Baidu plans to buy stakes in Indian start-ups

Baidu plans to buy stakes in Indian start-ups
Written by Achin Garg
Jan 13, 2016, 10:08 am 2 min read
Baidu plans to buy stakes in Indian start-ups
Credits:

Baidu, the Chinese internet search giant, is looking to enter the Indian market and is in talks with Zomato, Bookmyshow and Big Basket to purchase 'strategic stakes' in them. It also plans to expand its app-store, MoboMarket, to position it as an alternate to Google's Android Play Store. It will focus on Hindi and vernacular languages to tap the growth in smaller cities.

Introduction
Company profile - Baidu

NASDAQ listed Baidu, is a $60 billion behemoth that is often regarded as the 'Google of China' (Google is blocked in China). Founded in 2000 by Robin Li, it dominates the internet search engine space in China. It is based out of Beijing, China and is now planning to expand to other territories. The MoboMarket, its app store already has 45,00,000 users in India.

Quote
Baidu to focus on India

"India has a large base of internet users and this is moving up rapidly. Baidu sees the country as a strategic market, and we will have a big focus here." - Tim Yang, head, Baidu India.

3 Dec 2015
Why is India the focus?

With 402 million internet users, India has surpassed US (375 million) and stands next only to China (600 million). According to World Bank,iInternet penetration in India is still 18% (2014) much lesser than China's 50%, signifying a huge potential for growth. While the growth slows down in China, India will face a broadband revolution driven by smartphones and the mobile internet market.

Information
India's conducive startup ecosystem

India, with 4200 startups, ranks third in the global startup ecosystem only after US and UK.

Challenges
A difficult path ahead?

Analysts believe that valuations in Indian startups appear a little high and a correction is due. While this may prolong the negotiations, it is unlikely to deter the Chinese investors including Baidu to tap the booming market in India. With India increasingly turning into a battleground for digital companies from US and China, Chinese companies would try harder to maximize their geographical proximity advantage.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Achin Garg
Achin Garg
Mail
Latest
Latest
Premier League 2022-23: 10-man Liverpool hold Crystal Palace 1-1
Premier League 2022-23: 10-man Liverpool hold Crystal Palace 1-1 Sports
La Liga 2022-23, Atletico Madrid beat Getafe 3-0: Key stats
La Liga 2022-23, Atletico Madrid beat Getafe 3-0: Key stats Sports
Motorola RAZR 2022 v/s Samsung Galaxy Flip4: Which is better?
Motorola RAZR 2022 v/s Samsung Galaxy Flip4: Which is better? Technology
'The Legend of Maula Jatt': Everything about Fawad-Mahira's reunion film
'The Legend of Maula Jatt': Everything about Fawad-Mahira's reunion film Entertainment
Netherlands vs Pakistan, 1st ODI: Match preview, stats, and more
Netherlands vs Pakistan, 1st ODI: Match preview, stats, and more Sports
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022