Baidu to buy company 91 Wireless for $1.9 billion

Chinese Internet search engine Baidu today announced the purchase of a local distributor of mobile applications 91 Wireless for $ 1.9 billion. The acquisition of Baidu - it is the largest expansion of its presence in the fast growing mobile market of Asia.

Beijing Baidu announced today that pays $ 1.9 billion for 57% of 91 Wireless Websoft. Last belongs to a large holding company NetDragon Websoft, the Chinese developer of computer games. Bought by the company today operates two distribution platforms in China - 91 Assistant and HiMarket. In total, these two directories users have downloaded more than 10 billion mobile application that makes this company the largest independent vendor of mobile software.

At present, China's access to the Internet has 564 million people, with the number of mobile Internet users over the past year has increased by 18% to 420 million people. Baidu now dominates the traditional Chinese Internet search market, but the company feels the growing competition from local players such as Qihoo 360. For the year Baidu's share fell from 77.5% to 66.9% of the online search, while Qihoo 360 almost a year scored 13%.

Recall that in May of this year, Baidu announced the purchase of PPS Net, delivering videservisy, the deal was $ 370 million.


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