Chinese search engine Baidu is paying a price for betting on the so-called “online to offline” commerce. The company’s plan of spending big to connect online smartphone users with offline services ranging from restaurants to movie theatres has raised investor concerns on margins. Its aggressive O2O plan has chilled the company’s stock price, which fell 14% after Baidu reported lower-than-expected second-quarter profit on July 27.

from Forbes – Tech http://ift.tt/1TabaLd
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