BEIJING Baidu Inc has completed fosterage some 1 Billion yuan ($154.69 meg) for a new photo business supplemental, it said in a posting on its microblog on Wednesday. The subsidiary will unified leash Baidu units, including on-line pic streaming service iQIYI, group-buying assistant Nuomi and Baidu 's telecasting portal, it said. No further details were provided.
(Reportage by Beijing Monitoring Desk; Editing by Stephen Coates)
Tuesday, April 19, 2016
Baidu says completed around $155 million fundraising for new video business subsidiary
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