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China's Ecommerce Market Gets Crowded With Entry Of Sina And Baidu

March 23, 2013: 12:00 AM EST
Moves by non-ecommerce companies, including Sina and Baidu, highlight ecommerce's potential to become China's biggest and most profitable online market. Sina has begun developing its own ecommerce services, confirming media reports that its ecommerce partnership talks with Alibaba have failed. Negotiations between Sina and Alibaba, the world's largest ecommerce company, reportedly failed over price disagreements. China's leading online search company Baidu formed a strategic partnership with Yihaodian, the online store company acquired by Walmart in 2012.
Doug Young, "Baidu's Walmart ties, Sina's e-payments", South China Morning Post, March 23, 2013, © South China Morning Post Publishers Ltd.
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