Baidu looking to buy Indian coupons venture Mydala for $100M: Report

Chinese Internet giant Baidu is in talks to buy a majority stake in Delhi-based Kinobeao Software, the company behind online deals and coupons platform Mydala, for $100 million, The Economic Times reported, quoting unnamed sources. Baidu, which came to India in January this year, will join the likes of Tencent and Alibaba — both have considerable…