Baidu Leads Mobile Mapping Market
Baidu.com Inc (Nasdaq: BIDU) led China's mobile map market in Q2 2013, with its mapping service capturing a 35.5% share, followed by AutoNavi Holdings Ltd's (Nasdaq: AMAP) 26.7% and Google (Nasdaq: GOOG) Maps' 24.9%, according to a report released by iiMedia.cn. The number of mobile map users increased 12% quarter on quarter to 354 million in China in Q2 2013. The report said 51.3% of mobile map users wanted to look for places, 45.1% wanted basic positioning, 42.9% wanted public transport advice and 40% wanted driving navigation service.
Yahoo Takes Over Chinese Big Data Analytics Ztelic
Ztelic, a Beijing-based big data analysis firm, said it had been acquired by Yahoo! Inc (Nasdaq: YHOO), without revealing financial details. Ztelic provides big data analysis services for social networking platforms. Ztelic founder Zheng Hao was former chief technology officer of a Yahoo research center in Beijing and of Zynga Inc's (Nasdaq: ZNGA) Asia operations.
Wangfujing Takes Stake in Printemps China
Beijing Wangfujing Department Store Co (SHA: 600859) said it had been given regulatory approval to purchase a 39.53% stake in rival Printemps China, Inside Retail Asia reported. The deal is expected to make it China's third biggest department store operator after Wanda and Parkson. Wangfujing said it might consider taking full control of Printemps China. Printemps China, which currently runs 21 stores, has been posting declining earnings in the past 3 years, being 341 million yuan, 313 million yuan and 156 million yuan in 2010, 2011 and 2012 respectively.
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