19 April 2019

Baidu buys firms to speed up mobile search push, Bloomberg says

Baidu Inc., owner of China’s most popular internet search engine, is buying companies to accelerate its transition to mobile devices, where traffic is at least doubling annually, Bloomberg News reported on Wednesday, citing the company’s chief executive Robin Li. Some 460 million people across the nation access the internet from smartphones and tablet computers, the report said. Baidu acquired Santa Clara, California-based TrustGo Mobile Inc. for its security and personal-privacy protection technology earlier this year, Li was quoted as saying. The company has announced or completed at least four deals this year worth a combined US$2.43 billion, Bloomberg said, citing its own data.

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