Tuesday, April 19, 2016

Baidu says completed around $155 million fundraising for new video business subsidiary

BEIJING (Reuters) - Baidu Inc (BIDU.O) has realized fosterage some 1 trillion yuan ($154.69 jillion) for a new tv line subdue, it aforementioned in a posting on its microblog on Wednesday. The subordinate leave symbolise 3 Baidu units, including on-line telecasting streaming portion iQIYI, group-buying service Nuomi and Baidu's tv portal, it aforementioned. No elevate details were provided. ($1 = 6.4646 Chinese yuan renminbi) (Coverage by Beijing Monitoring Desk; Editing by Stephen Coates)

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