It is said that Baidu.com, Inc. BIDU invested a cosmetics group buying Web site, 36tuan.com. SOme insiders of Baidu have affirmed the affir, but Baidu declines to release any official comment on it.
Baidu has been intensifying its launching in e-commerce business. It jointly established Yaodian100.com with Daphne; it founded Rakuten.cn together with Janpan’s Rakuten, Inc. (jsd:4755); it once invested anjuke.com, which provides real estate information; it also invested tg.com.cn, an e-commerce Web site which decorates houses. Meanwhile, board chairman and CEO of Baidu, Robin Li, personally invested 360Buy.com, and the investment scale is said to be between CNY 100 million and CNY 200 million.