Tim Culpan, Columnist

Searching for Baidu's Future

The Chinese internet company has little option but to switch its focus to business customers.
Photographer: Brent Lewin/Bloomberg
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It's finally official: Baidu Inc. has sold its home delivery business Waimai to Ele.me.

News of the sale has been hanging around for a while, and with the companies announcing a merger Bloomberg TerminalThursday, that chapter seems closed.