[TechWeb Report] On June 7, according to the 21st Century Business Herald, Baidu’s take-out and SFG will establish joint ventures, and the negotiations are nearing completion.
Baidu takeaway
Previously there were reports that the two sides had a 5:5 shareholding in the joint venture company, but they are still in negotiations and have not been finalized. The news may be announced this month.
Currently, Baidu's takeaways and SF Express have not responded to the news.
Reported that the two sides set up a joint venture company, on the one hand is SF Express hopes to get instant delivery capabilities through the Baidu takeaway, on the other hand, Baidu takeout itself will be more inclined to create a crowdsourcing logistics platform.
Since the end of last year, Baidu's take-away turmoil has continued to spread. The news that they sold themselves and sold themselves to Shunfeng came out one after another. On May 4th, Chen Jinhui, the vice president of Baidu's takeaway channel agency, announced that he had left the company. Since the end of last year, Baidu’s takeout has been abolished nationwide. Channel City Manager.
The cause of Baidu's takeover turmoil is related to the shortage of funds. Since September last year, it was reported that Baidu took out a new round of financing, but it has still not been reached so far.
On May 20, SF Express issued an announcement that its controlling shareholder, Shenzhen Mingde Holdings Development Co., Ltd. pledged 500 million shares of the company stock to CITIC Trust Co., Ltd. in mid-May. According to the current stock price of SF Holdings, the pledge will be SF Holdings won over 10 billion in cash. This is also considered to be SF Express preparing for cooperation with Baidu.
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