SF Express, Baidu Waimai Rumored To Be In Deal Talks

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Baidu Inc.’s food delivery unit, Baidu Waimai, is rumored to be in deal talks with delivery giant SF Express. According to the rumors, the two companies may jointly establish a new company to operate the food delivery business and significantly expand its reach via SF Express’ vast network. SF Express may also acquire a stake in Baidu Waimai, according to reports.

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