Showing posts with label 91 Wireless. Show all posts
Showing posts with label 91 Wireless. Show all posts

Tuesday, July 16, 2013

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.