Alisha Sud is an intern for Asia Studies at the Council on Foreign Relations.
In October, Baidu, China’s top search engine, bought Peixe Urbano, Brazil’s largest internet marketplace for local commerce. According to the Peixe Urbano website, the deal “represents one of the most important acquisitions to date in the Brazilian internet and technology sector.” Earlier in July, Baidu even launched a Portuguese version of the site. The goal is to capitalize on the increasing number of internet users in Brazil; it is projected that upwards of 43 million Brazilians will be online within the next three years. Read more »