Baidu reports third quarter results. Operating profit decreased 36% year-over-year. “Transaction Services reduced non-GAAP operating margins by 32 percentage points and iQiyi further reduced non-GAAP operating margins by 5.4 percentage points.” (Earnings call transcript)
Ele.me, the leading food delivery app, has launched an online marketplace for restaurant food suppliers called Youcai. It has been available in eight cities since soft launch this past August.
Some Alphabet Units May Return to China Ahead of Others, Brin Says — The Wall Street Journal