Baidu Confirms New Ad-Supported Online Video Venture

Chinese Internet search giant Baidu this morning announced plans to set up a new independent company to provide licensed, advertising-supported online video content to Chinese Internet users. Reuters earlier this week caught wind of the company's plans to launch the Hulu-like destination site, and also reported that Hulu investor Providence Equity Partners was going to have a significant stake in the venture.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.