Baidu to shut e-commerce platform, improved version in the works
It isreportedthat Baidu, China’s biggest search engine, will shut its online e-commerce store,Youa, and migrate its users to other platforms. The company does however, claim that a new e-commerce platform is currently in the works. The shutdown will take effect in May and Youa’s existing merchants are given a month to migrate to Rakuten China and Yaodian100. Despitedominatingthe local search market with a 75 percent share, its e-commerce platform, Youa, failed to gain traction because majority of online users still preferred Taobao to buy and sell goods online....