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Alibaba pours cold water on Baidu-Rakuten joint venture

Internet search giant Baidu’s new joint venture with Rakuten, the biggest online-shopping-mall operator in Japan, may fall short of reviving the Chinese firm’s flagging e-commerce operations, according to rival Alibaba Group.

Baidu and Rakuten will jointly invest USD50 million over three years to build an ambitious, integrated business-to-business-to-consumer e-commerce service on the Chinese mainland.

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