News this week: According to media reports, leading Chinese-language Internet search
provider, Baidu,
has plans to further expand its business in Latin America following the launch
of its search engine in Brazil last
year.
Baidu has reportedly identified Argentina, Chile or Mexico
as possible locations to set up the company’s next Latin American operation.
Baidu will also aim to position itself as a service aggregator to replace disparate
mobile-based apps and create a single platform to offer the services.
Baidu will reportedly rely on acquisitions or form
partnerships with local services providers for its expansion plans. In October
2014, Baidu completed an acquisition
in Brazil for online group buying platform, Peixe Urbano, for an undisclosed sum.
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