BEIJING, Aug. 24, 2017 /PRNewswire/ -- Baidu, Inc. (the
"Company" or "Baidu") (NASDAQ: BIDU), the leading Chinese language
internet search provider, today announced that the Company's
majority owned subsidiary, Xiaodu Life Technology Ltd ("Xiaodu"),
which operates the food delivery business, has completed its merger
("Merger") with Rajax Merger Sub Limited, a wholly owned subsidiary
of Rajax Holding, which operates the food delivery business under
the ele.me brand in China. As a
result of the Merger, Xiaodu has become a subsidiary of Rajax.
Baidu and Rajax have also agreed to a business cooperation
across a broad base of products and services following completion
of the Merger.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. Baidu aims to make a complex world simpler through
technology. Baidu's ADSs trade on the NASDAQ Global Select Market
under the symbol "BIDU". Currently, ten ADSs represent one Class A
ordinary share.
For investor inquiries, please contact:
Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com
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SOURCE Baidu, Inc.