Baidu news Ecommerce platform
Baidu has launched “Youa”, its own consumer to consumer e-commerce platform, which has up until now only been available to 50,000 people in a closed beta. The current market leader, Alibaba’s Taobao has a 57% market share and is reportedly investing around $700 million over the next five years to strengthen its position. However estimates suggest that Baidu’s offering will do well – and form 3-5% of its revenues in 2009.
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