Rumor: Baidu to Invest in MVNO License Holder SoShare
TechWeb, 8/26/14
According to a company source, Chinese internet firm Baidu (Nasdaq: BIDU) plans to take a stake in SoShare Mobile, the mobile virtual network operator (MVNO) brand of Beijing-based SoShare Online. SoShare's MVNO services are currently being advertised on the homepage for Baidu's Post Bar BBS forum. A Baidu Post Bar-branded SoShare MVNO service package will be released on August 28.
Baidu and SoShare have not commented on the investment rumors.