Baidu Waimai will become a wholly owned subsidiary of Alibaba-backed Ele.me and its brand and business operation team would remain unchanged.
Alibaba has provided financing for the deal and Baidu has also become Ele.me’s stakeholder through a share swap deal. Baidu and Alibaba pledged to
increase their support for the new entity in technology Cheap Nike Air Max 95 Online , finance and insurance.
With the powerful backing of both Alibaba and Baidu, the combined entity “is poised to lead the online-to-offline service industry in China,” said Ele.me
Chief Executive Officer Zhang Xuhao.
Baidu Group President and Chief Operating Officer Lu Qi believed that “the integration of resources and technical capabilities will allow Baidu to utilize
its cutting edge technology to provide a better experience for consumers and
merchants.”
Alibaba-backed Ele.me and Tencent-backed Meituan Dianping are set to compete more intensely as both Internet giants are betting on online-to-offline services
to help them connect Internet users not only with online vendors but also
offline merchants and service providers.
Meituan Dianping has a 45 percent share of the food delivery market by transactions Cheap Nike Air Max 90 Online , followed by Ele.me's 36.4 percent and Baidu Waimai’ 6.3 percent.
Baidu’s takeaway delivery service trails Meituan and Ele.me and is less popular compared to them, according to Cao Lei, director of Hangzhou-based
private research agency China E-commerce Research Center.
He said the merger will help Ele.me “gain access to Baidu’s high end consumers Cheap Nike Air Max Online , as it still needs more resources to fight against Meituan Dianping’s growing
influence in lower tier cities.”
China’s online food delivery service market is set to hit 662 billion yuan (US$99 billion) by 2018 and is estimated to cover 15 percent of the overall
catering market, according to a latest report of Internet consultancy iResearch
Inc.
Ele.me was set up in 2008 and now covers about 2,000 cities with 260 million consumers. Baidu’s takeout delivery service started in 2014 and now operates in
300 cities covering 100 million users.
NEW DELHI Cheap Air Max 95 Online , Oct. 25 (Xinhua) -- Indian police Sunday arrested four Hindu militants for
disrupting a drama staged by some Pakistani artists near the Indian capital,
said police.
Four rightwing Hindu outfit of Shiv Sena members were arrested in Gurgaon, a business city near Delhi Cheap Air Max 90 Online , after a complaint by Municipal Corporation of the city.
Around six young men claiming to be Shiv Sena members climbed atop the stage at an open air theater where a group of seven Pakistani actors were staging a
play called Banjh, shouting anti-Pakistan slogans and disrupting the show for
about 10 minutes.
The Shiv Sena militants recently attacked a number of public functions relating with Pakistan, including a book launching event and a cricket
officials' meeting in Mumbai Cheap Air Max Online , causing widespread public protests and condemnations.
Indian Prime Minister Narendra Modi, whose Bhatariya Janata Party is an ally of Shiv Sena, Sunday said India's civilization is based on diversity of
communities Cheap Nike Air Max 95 Sale , religions and castes, after being criticized at home by many for keeping silent on a spate of attacks by Hindu militants upon Muslims and low
caste people, which resulted in several deaths of innocent people.
THE HAGUE, August 2 (Xinhua) -- Ajax sold Polish striker Arek Milik for a club record transfer fee to Italian side Napoli, the Dutch soccer club announced
on Tuesday.
The transfer fee is 32 million euros and could reach 33 million euros including bonuses, Ajax stated in a press release. His former club Bayer
Leverkusen and his agent will according to the agreement reportedly also get
part of the fee.
With the deal Ajax broke their own transfer fee record. The former record was for the transfers of Wesley Sneijder and Klaas-Jan Huntelaar, who both moved to
Real Madrid for 27 million euros in 2007 and 2009 respectively. Luis Suarez left
Ajax for Liverpool in 2011 for 26.5 million euros.
The 22-year-old Polish international Milik, who scored once for Poland at Euro 2016, had a contract until 2019 at Ajax. He arrived on loan from German
club Bayer Leverkusen in 2014 and one year later Ajax lifted the purchase option
of 2.8 million euros. In his first season Milik scored 11 times in 21 league
matches and last season he produced 21 goals in 31 matches.
"Arek did a great job here," sportive director Marc Overmars said in a statement on the Ajax website. "His scoring percentage says it all. We wanted to
keep him and had agreed he would not leave, but at that time different fees were
offered. Napoli really wanted to have him and at a certain point we could not
say no anymore. The transfer window is still open for a month so we have time to
find a successor."
Milik signed a five-year deal at Napoli. The striker will have the heavy task of succeeding Argentinian forward Gonzalo Higuain, who left Napoli for Juventus
for 90 million euros.
WASHINGTON Cheap Nike Air Max 90 Sale , Jan. 23 (Xinhua) -- E-cigarettes, widely promoted as an alternative to smoking, are actually attracting young people who might not
otherwise have smoked tobacco products Cheap Nike Air Max Sale , a new U.S. study suggested Monday.
E-cigarettes are thought by some to be responsible for a decline in American youth cigarette smoking, but researchers from the University of California, San
Francisco (UCSF) indicated the reality is the opposite.
The USCF researchers concluded that many kids who went on to smoke regular cigarettes may not have used nicotine at all if e-cigarettes did not exist.
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