Baidu, Alibaba and Tencent on deal trail

The three fast growing tech giants are spending big on mergers and acquisitions as they search for an edge in China's e-commerce sector.

Baidu, Alibaba and Tencent on deal trail

Baidu, Alibaba and Tencent could spend more than $80 billion for mergers and acquisitions this year, according to BNP’s estimate, as the trio - known collectively as BAT - continue consolidating unprofitable startups and buy innovative companies to get an edge in the mainland’s fiercely competitive e-commerce market.

Baidu, which listed on Nasdaq in 2005, has dominated China’s search market since 2010 when Google pulled out of China over censorship and cyber...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES