Tuesday, 16 July 2013
Baidu to buy Chinese app store for $1.9 billion
REUTERS_BEIJING: Baidu Inc, China's top search engine, plans to acquire app store 91 Wireless for $1.9 billion to strengthen its foothold in the country's highly competitive mobile computing sector.Baidu will buy a 57.4 percent stake in 91 Wireless, one of China's earliest appstores, from NetDragon Websoft Inc for $1.09 billion, and the remainder from other shareholders, both companies said on Tuesday."It's good for Baidu because if you look at mobile, currently apps are more popular than
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