Friday, June 05, 2015

Baidu plans expansion in Latin America

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.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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