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Rumor: iQiyi Completes Acquisition of Baidu Nuomi's Film Division
Sina Tech, 5/14/18
Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi (Nasdaq: IQ) has reportedly completed its acquisition of Nuomi Pictures, the film division of Baidu's online and mobile group buying platform subsidiary Nuomi.com Technology, according to a source close to the matter. Read More
Car Maintenance App 'Happy Vehicle Nation' Secures RMB 300 Mln Series B
36Kr.com, 5/25/17
Shanghai-based Xiangtu Network Technology, developer of mobile car maintenance booking app Lechebang (literally "Happy Vehicle Nation"), has announced completion of RMB 300 mln in Series B funding led by Yuanyi Investment. Read More
Baidu Nuomi Forms RMB 2 Bln Film Content Investment Fund
Sohu IT, 6/16/16
Chinese internet company Baidu's (Nasdaq: BIDU) group buy site Nuomi.com has announced that it is setting up a RMB 2 bln film and television investment fund to finance high-quality movies, unearth new talent, increase its reach, and help it better compete for more resources. Read More
Baidu Video to Be Spun Off, Secures RMB 1 Bln Funding
Tencent Tech, 4/20/16
Chinese internet company Baidu (Nasdaq: BIDU) recently announced that its online video platform Baidu Video will be spun off as an independent company and has secured nearly RMB 1 bln funding led by Shanghai-based New Culture Media Group (300336.SZ) with participation by SAIF Partners. Read More
Baidu to Establish Online Search Subsidiary
Baidu, 4/13/16
Chinese internet company Baidu (Nasdaq: BIDU) plans several changes to its business structure, including establishment of a subsidiary that will house its online search services, according to a release via the company's official account on Tencent's WeChat mobile messaging platform. Read More
Rumor: Baidu to Spin Off and IPO Music, Literature, iQiyi, Other Businesses
Cnstock, 1/28/16
Nine of Chinese internet company Baidu's (Nasdaq: BIDU) subsidiaries are preparing for IPOs in the domestic capital markets, according to Chinese news media reports. Read More
Mobile Restaurant Queuing App 'Delicious No Wait' Wins USD 100 Mln Series C
Iyiou, 10/28/15
Shanghai-based Pujing Information Technology, operator of mobile location-based restaurant queuing service app Meiwei Buyongdeng ("Delicious No Wait"), recently announced that it has completed USD 100 mln Series C funding from investors including Chinese online ratings and group buy site Dianping, Chinese internet company Baidu (Nasdaq: BIDU), and Matrix Partners China. Read More
Baidu Launches Siri-like O2O Personal Assistant 'Duer'
36Kr.com, 9/08/15
Robin Li, chairman and CEO of Chinese internet company Baidu (Nasdaq: BIDU), introduced "Duer," a new O2O personal assistant, at the 2015 Baidu World annual conference in Beijing today. Read More
Baidu to Invest RMB 20 Bln in Nuomi.com Over Next 3 Years
Sohu IT, 6/30/15
Chinese internet company Baidu (Nasdaq: BIDU) will invest RMB 20 bln in the company's group buy website Nuomi.com over the next three years, as the company pivots toward the O2O market, according to an announcement by Baidu Chairman and CEO Robin Li. Read More
Renren VP Resigns, Citing CEO Disagreement
Sina Tech, 6/27/14
Alan Du recently announced in an internal email that he has resigned from his position as VP in charge of strategic development at Beijing-based social networking site operator Renren (NYSE: RENN). Read More
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