China’s Baidu buys VC-backed Brazilian online discount site
Chinese search giant Baidu has bought a controlling stake in Brazil-based Peixe Urbano, an online discount platform that has received several rounds of VC funding, for an undisclosed sum.
Baidu will bring access to capital and expertise, but Peixe Urbano will be run as an independent entity within the Chinese company's corporate ecosystem. The existing management team, led by co-founder...
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