China: Baidu sells food delivery unit to Alibaba-backed startup Ele.me

China: Baidu sells food delivery unit to Alibaba-backed startup Ele.me

REUTERS/Barry Huang/File Photo

Baidu Inc. sold control of its unprofitable food delivery business to a startup backed by Alibaba Group Holding Ltd. as the search engine cuts back on cash-burning ventures to focus on artificial intelligence.

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