Baidu's Walmart ties, Sina's e-payments

A couple of news bits in the crowded e-commerce space indicate that a previously rumored tie-up between leading portal Sina (Nasdaq: SINA) and e-commerce leader Alibaba is officially dead, while search leader Baidu (Nasdaq: BIDU) may have finally found a potent new partner in leading global retailer Walmart (NYSE: WMT). The two developments once again show how non e-commerce firms are all scrambling to get a piece of a market that could easily overtake traditional businesses like advertising and search to become China's most lucrative online sector.

via Business feed http://www.scmp.com/comment/blogs/article/1197967/baidus-walmart-ties-sinas-e-payments