China's Alibaba Group and JD.com have invested heavily in offline retail
xPerception will continue to develop its core tech under Baidu research unit.
It intends to store US user data locally once the deal closes.
Baidu is expanding outside its core search and ad business
IPOs & Markets
Convertible bonds were issued to investors like Baidu, Hillhouse, IDG and Sequoia
Bailian is one of China's largest retailers by sales, operating 4,700 outlets in 200 cities including supermarkets, convenience stores and pharmacies.
Baidu has been refocusing its strategy after regulatory curbs.
Mobile has riased at least $315m in two funding rounds since October.
Baidu has appointed a former Microsoft exec as COO, part of a push into AI as earnings from its core search engine business wane.
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