Tag Archives: Dumping

After Dumping Its Mobile Business, Baidu Needs To Innovate Again

What does Baidu’s sale of its mobile business portend for its ability to integrate businesses?

At the end of March 2017, the Chinese search engine company told the U.S. Securities and Exchange Commission that it sold its mobile gaming business. Two companies took over Baidu’s gaming business for CNY1.2 billion. Baidu has also renamed its gaming business to “Duokoo Game” and separated it for independent operation.

In July 2013, Baidu announced the full acquisition of 91 Wireless for USD1.9 billion, which was reportedly the largest acquisition in Chinese Internet history at that time. 91 Wireless is mainly engaged in mobile Internet application distribution and its core assets include 91 Mobile Assistant, Android app store, 91 mobile open platform, PandaReader, and a mobile gaming portal.

After acquiring 91 Wireless, Baidu’s mobile business did not see much improvement. In 2014, Baidu integrated its Duokoo mobile game business with 91 Wireless game business to formally establish a Baidu-branded mobile game division.

Baidu has taken heat in the past year for not being nimble enough on its investments and acquisitions. It has been outpaced by rivals Tencent and Alibaba in gaining footholds in nascent sectors like artificial intelligence, and only recently has named new executives to run a revamped investment strategy for the company.

Ultimately, Baidu’s future rests in how it has developed in a vacuum in the past. Because of protectionist policies, Baidu has not had competition, especially from foreign rivals like Google. And without competition, its services have not had to be the best. For example its search engine routinely does not deliver highly relevant results. And because its services have not had to be the best, its staff perhaps have not been trained to exceed expectations.

For Baidu to continue to do well in new sectors like AI, it should revamp its internal structure and “be hungry” in order to reach new heights.

Let’s block ads! (Why?)

ChinaWirelessNews.com

Dumping the dumpster

 Dumping the dumpster

via

 Dumping the dumpster

About Krisgo

I’m a mom, that has worn many different hats in this life; from scout leader, camp craft teacher, parents group president, colorguard coach, member of the community band, stay-at-home-mom to full time worker, I’ve done it all– almost! I still love learning new things, especially creating and cooking. Most of all I love to laugh! Thanks for visiting – come back soon icon smile Dumping the dumpster

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Deep Fried Bits

Dumping Trump?

wu151026 Dumping Trump?
© Matt Wuerker

Are voters finally getting tired of Donald Trump? It was fun while it lasted, but it might have just been a summer fling.

share save 171 16 Dumping Trump?

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Political Irony

HTC Cuts Operating Expenses By Dumping Global Employees

Taiwanese smartphone maker HTC announced that the company plans to cut 35% of its operational expenses by laying off 15% of its employees worldwide.

HTC’s new operating plan also covers the establishment of new business units. With clearer goals, the company will drive profitable growth in key sectors such as high-end smartphones, virtual reality, and smart life devices.

Cher Wang, chairman and chief executive officer of HTC, said that the company is actively developing diversified areas in addition to smartphones; therefore, they need a flexible and energetic team. The new operating plan will better clarify the goals of various departments and aims to turn the company around.

According to HTC’s financial report for the second quarter of 2015, the company’s operating revenue was NTD33.01 billion, a decrease of 20% compared with the first quarter; and it suffered post-tax losses of NTD8.03 billion.

In addition, the company predicted that it would continue to make losses in the third quarter.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

ChinaWirelessNews.com