yu gong

Baidu's video site Qiyi gets US$50 million investment
Mar 1, 2010
Anita Davis

Baidu's video site Qiyi gets US$50 million investment

BEIJING - Two months after announcing its plan to launch an independent online video company in China, Baidu has received US$50 million in venture capital funding to finance the endeavour and create an ad-supported business structure.

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